Ford CEO Jim Farley said Tuesday that President Donald Trump’s tariff push has so far brought “a lot of cost and a lot of chaos” to the auto industry despite the president’s aims to help the industry. “President Trump has talked a lot about making our U.S. auto industry stronger, bringing more production here, more

McDonald’s sales took a significant hit in its latest quarter due to an E. coli outbreak linked to slivered onions that killed one person and sent over two dozen to the hospital. CEO Chris Kempczinski told analysts during an earnings call on Monday that sales at U.S. stores slipped 1.4% during the fourth quarter, which

Hyatt Hotels will buy Playa Hotels & Resorts for about $2.6 billion including debt, net of cash, the company said on Monday, seeking to boost its presence in Mexico and the Caribbean. The acquisition follows rising interest in upscale and luxury offerings outside the U.S. as more Americans take advantage of a stronger dollar. Playa

-Stocks ended Friday and the week on a down note as Trump’s tariffs roiled investors  -U.S. Treasury Secretary Scott Bessent gives FOX Business his first wide-ranging interview, while Energy Secretary Chris Wright pumps up the American energy industry  -DOGE clocked another week of cost-cutting. We’ve got the rundown -Trump’s crypto and AI czar David Sacks

Allstate said the wildfires that blazed through Southern California last month will bring the insurance company a sizable loss. CEO Tom Wilson said in a statement Wednesday that the wildfire-related losses are “expected to be about $1.1 billion, pre-tax, net of reinsurance, reflecting a decision to reduce market share beginning in 2007 and a comprehensive

Ford Motor Co. announced its fourth-quarter earnings this week, and while they came in above expectations, the Detroit automaker signaled the losses in its electric vehicle (EV) division are projected to continue this year. Ford reported that its EV division, known as Model e, lost $5.1 billion in 2024. In its full-year outlook for 2025, Ford