TOPICS

FedEx founder Fred Smith dead at 80

Veteran Fred Smith, who founded FedEx in 1973 with just 389 team members and grew it into a global shipping giant with 500,000 employees, has died.

FOX Business Briefs 6/18

Amazon CEO says AI will allow the company to shrink its workforce; toy maker Hasbro cuts 3% of its global workforce; mortgage rates and economic uncertainty cut into La-Z-Boy’s business; Nissan unveils all-new third generation 2026 Leaf.

FOX Business Briefs 6/11

All eyes are on the May CPI report; GM plans $4 billion investment to boost U.S. manufacturing; L’Oréal taps Nvidia tech to supercharge its AI efforts; Nintendo Switch 2 breaks records with historic launch sales.