Fox Business Briefs 5/8
Toyota says tariffs will erase $1.3 billion in profits; Krispy Kreme and Molson Coors withdraw 2025 outlooks; Match cost-cutting plans will result in 13% of its workforce being dumped.
Used car prices jump to highest level since 2023 as auto tariffs squeeze consumers
Used car prices rose in April as the auto market responded to President Donald Trump's tariffs, reaching the highest level since 2023 as buyers rushed to beat tariff price hikes.
Power generation company to invest $11B to strengthen US electricity infrastructure
On "Mornings With Maria," Invenergy founder and CEO Michael Polsky announced his company would invest $1.7 billion into the economy to strengthen U.S. electricity infrastructure as part of a total $11 billion sum.
We're seeing the impact of Buttigieg’s ‘failure,’ GOP lawmaker argues
Rep. Brandon Gill, R-Texas, discusses former Transportation Secretary Pete Buttigieg and how the Trump administration is approaching FAA reforms on ‘The Evening Edit.’
Joann craft stores are having big sales ahead of closures
Crafts retailer Joann is offering hefty discounts on its products ahead of its stores shutting their doors for good by the end of the month.
If Trump, Newsom can work together to solve film exodus, 'we'd be in a good place,' Hollywood producer says
Hollywood executive produce Michael Miller weighs in on California Gov. Gavin Newsom calling for President Donald Trump's help for a Hollywood tax credit and the president's tariff threat on foreign made films.
Disney's 'coveted, iconic brand' will take years to be built back, Jeff Sica says
Jeff Sica of Circle Squared Alternative Investments discusses Disney stocks and President Donald Trump's announcement of tariffs on films made overseas.
Invenergy announces $1.7B energy infrastructure deal
Invenergy founder and CEO Michael Polsky joins ‘Mornings with Maria’ to announce a $1.7 billion investment in a new energy transmission line, aimed at strengthening America’s electricity infrastructure.
Amazon's Zoox recalls robotaxi for software update after Las Vegas crash
Amazon-owned robotaxi maker Zoox initiated a recall to update software in 270 driverless vehicles after an accident in Las Vegas.
Outdated FAA systems under scrutiny after Newark Airport chaos
'The Big Money Show' panel discusses America's aging infrastructure after another airport incident.
US furniture makers navigate a shifting global market
The furniture industry in the United States is directly affected by tariffs, with some business owners unable to source certain products domestically.
Newark airport hit with new delays, outage heard on air traffic control audio
An FAA advisory regarding conditions at Newark airport detail the average delays passengers can expect, and the audio from air traffic control issues has been released.
America is in a 'massive race' to produce AI data centers: Rick Perry
Former Energy Secretary Rick Perry discusses whether the Alaska Pipeline could fuel all of America's energy needs on 'Varney & Co.'
Eli Lilly CEO talks 'game-changing' medicine
Eli Lilly Chairman and CEO Dave Ricks joins 'Mornings with Maria' to discuss his meeting with President Donald Trump, the president signing an executive order to boost U.S. drug manufacturing and breaking ground on their $4.5 billion foundry.
EV maker recalls over 27K vehicles over risk of rearview camera display malfunctioning
Polestar is recalling 27,800 of its Polestar 2 electric vehicles in the U.S. over the risk that their rearview camera display might not show an image while backing up.
Former Trump official highlights how critical the Gulf of America is for US energy
Former Energy Secretary under Trump Dan Brouillette on a report on the amount of oil the Gulf of America can produce, President Donald Trump eyeing cuts to renewable energy projects, the Dept. of Energy's focus on A.I. and a post-Elon Musk DOGE.
The Chinese regime 'does not want us to know what's going on,' Gordon Chang says
Gatestone Institute senior fellow Gordon Chang reacts to a report that China has stopped publishing economic data and Chevron CEO Mike Wirth's warning over their domination over Venezuelan oil.
Target among growing list of retailers dialing back self-checkout
Target has restricted self-checkout machines to customers with 10 items or less. The company says the move was not due to shoplifting, despite increases in theft.
Coffee brand by veteran fire captain launches contribution initiative with profound mission
Rick Brandelli, a former LA County fire captain launched a coffee brand and collaboration with the Fire Family Foundation nonprofit organization.
Walmart supports small businesses, American-made products through new 'Grow With US' initiative
Walmart has launched a new program called "Grow With US," designed to provide U.S. small businesses with training, resources and mentorship they need.