Gas prices to keep dropping as motorists plan Fourth of July road trips: AAA - Business news - NewsLocker (2024)

Gas prices experienced the largest drop of the year this week and are likely to continue dipping into the summer, according to the latest AAA report.The national average cost for a gallon of gas was $3.48, a significant eight cents dip from the previous week. The lower gas prices will likely linger as motorists head into summer and plan Fourth of July road trips."This drop in pump prices appears to have some sticking power for now," AAA Spokesperson Andrew Gross said. "More states should see the

Police arrest 3 in connection with massive Desjardins data breach

Laval police say they arrested three suspects Wednesday in connection to a massive data breach at DesjardinsGroup made publicin 2019. An arrest warrant was issued for a fourth suspect.

U.S. Fed holds interest rates steady, sees just one cut in 2024 despite inflation progress

The Federal Reserve held interest rates steady on Wednesday and pushed out the start of rate cuts to perhaps as late as December, with officials projecting only a single quarter-percentage-point reduction for the year amid rising estimates for what it will take to keep inflation in check.

U.S. Fed holds interest rates steady, sees just 1 cut in 2024 despite inflation progress

U.S. Federal Reserve officials said Wednesday that inflation has fallen further toward their target in recent months, but signalled that they expect to cut their benchmark interest rate just once this year.

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WestJet mechanics reject deal in 'deeply concerning' move, airline president says

The union representing mechanics at WestJet says members voted overwhelmingly to reject a tentative agreement with the airline.

Dollarama sales growth continued in first quarter as Canadians grappled with inflation

Dollarama posted an increase in first-quarter sales and profit on Wednesday, as more Canadians shopped at its stores for affordable groceries and essentials.

U.S. inflation eased in May, signalling that an early-year price uptick has passed

U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlierthis year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak.

U.S. inflation eased in May, signaling that an early-year price uptick has passed

U.S. inflation eased last month in a hopeful sign that an uptick in prices from earlierthis year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak.

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Elon Musk claims Apple's new AI tools are a privacy risk. How much of a concern are they?

After Apple announced a suite of new AI tools for its devices on Monday, including integrating OpenAI's ChatGPT, Elon Musk threatened to ban Apple devices at his companies due to what he said were 'unacceptable' risks to security and privacy. The truth is more nuanced.

National Bank reaches deal to buy Canadian Western Bank at $5B valuation

Canada's banking sector is facing further consolidation as National Bank of Canada has reached an all-share deal to acquire Canadian Western Bank that values the lender at about $5 billion.

Banana company Chiquita ordered to pay families of men killed by Colombian paramilitary

Chiquita Brands International must pay $38.3 million USin damages to the families of eight Colombian men killed by a paramilitary group in that country, a Florida jury said on Monday.

The NHL is the latest sports league using reality TV to draw in new fans. Will it work?

Just as the Stanley Cup Finals kicked off last week, the NHL announced its next big play: a reality series about its hockey stars, from the producers of Netflix's ultra-popular Drive to Survive. But can a reality programdo for hockey whatDrive to Survivedid for Formula One racing— or was that lightning in a bottle?

Ransomware attack on England's health system highlights life-threatening impact of cybercrime

A ransomware attack disrupted several London hospitals' ability to match patients to their correct blood type, leading to an urgent call for O positive and negative donors. The incident underlines the severity of the ransomware epidemic.

Drive to Survive brought new fans to F1. Can an NHL reality series do the same for hockey?

Just as the Stanley Cup Finals kicked off last week, the NHL announced its next big play: a reality series about its hockey stars, from the producers of Netflix's ultra-popular Drive to Survive. But can a reality programdo for hockey whatDrive to Survivedid for Formula One racing— or was that lightning in a bottle?

Cancer survivor's allergen-free cookie company thrives after ‘life-changing’ health scare: ‘Sky’s the limit'

Sweets can be tasty while also remaining free of gluten, dairy, peanuts and other allergens —and one woman is sharing her story of how she made them herself.Loren Castle is founder and CEO of Sweet Loren’s, a cookie dough company that offers plant-based, gluten-free, nut-free and non-GMO products.The No. 1 natural cookie dough brand on the market is sold in over 20,000 supermarkets, Castle told FOX Business — and has a compelling origin story. INFLUENCER-TURNE

Elon Musk blasts Apple’s approach to AI, threatens to ban devices if OpenAI integrated into operating system

Elon Musk on Monday threatened to ban Apple devices at his respective companies if the tech giant integrated OpenAI at the operating system level.Writing on X, the Tesla CEO called the prospect an "unacceptable security violation."Should he follow through with the ban, Musk said visitors would have to check their Apple devices "at the door, where they will be stored in a Faraday cage."The comments came after Apple announced a slew of AI features across its apps and operating pl

OpenAI colleagues warn race for AI could lead to ‘human extinction’

A group of former and current OpenAI employees released a letter online expressing concerns about the effects and serious risks artificial intelligence (AI) technology could have on humanity.The letter, which was posted on righttowarn.ai, was signed by five former OpenAI employees, a current and a former employee from Google DeepMind, four unnamed current employees at OpenAI and two unnamed former OpenAI employees.The group said the risks AI poses range from "the further entrenchment of existing

International businessman sentenced to prison for 'wine-and-dine scheme'

An New York-based international businessman once described as one of "the most global consultants and speakers in the world," was sentenced to prison and ordered to pay back over $6 million to victims of a wine-and-dine fraud scheme he operated.The Department of Justice (DOJ) announced on Monday that 58-year-old Omar Khan was sentenced to two years in prison in connection with an investment fraud scheme involving rare and expensive wines and the impersonation of his attorney during the sch

Drake's Oilers bet with Stake is one that local NHL fans can't make themselves

Drake says he put a big bet on the Edmonton Oilers to win the Stanley Cup. But fans in the team's backyard can't make the same bet themselves, and not just in terms of the money involved.

‘Roaring Kitty’s GameStop position is in the money

GameStop shares fell for the second straight session Monday, down over 49%, notching the worst two-day stretch since February 3, 2001, as tracked by Dow Jones Market Data Group.Still, "Roaring Kitty," also known as Keith Gill, is in the money with his GameStop holdings.Gill, via his Reddit handle, Superstonk/Deep F-ing Value, posted his latest account performance on Monday. FOX Business, in coordination with Dow Jones Market Data Group, crunched the numbers.WHAT TO KNOW ABOUT 'ROARING KITT

Ben Affleck, Jennifer Lopez's $60M marital home for sale as couple faces split rumors: report

Ben Affleck and Jennifer Lopez's love may cost a thing – or at least $60million. The Hollywood couple, who are in the throes of a rumored split, are reportedly selling their Beverly Hills mansion.Affleck and Lopez purchased the six-acre estate in cash last year after searching for a new love nest for their blended family for more than two years.Ben and Jen's mansion offers extreme privacy with views of Los Angeles from high atop a hill, and boasts a total of 17 bedrooms and 30 bathrooms wi

LARRY KUDLOW: Biden's massive spending is a real inflationary problem

The Trump agenda is not inflationary. The New York Times in a long piece has now officially decided that the real inflation threat is Donald Trump and his policies. They are wrong. So, let’s review the bidding for a moment. Over Trump's four-year term, the level of consumer prices rose by a scant 7.7% for his whole term, which comes to 1.9% annually.Meanwhile, during Joe Biden's nearly completed term so far, the level of consumer prices rose 20% – or 6.1% annually. President Tr

Zoom CEO wants customers to send their AI-powered 'digital twins' to future meetings

What if you could skip virtual Zoom meetings at work while still making an appearance?"Digital twin" technology could be a future development implemented by the San Jose, California-based software company – giving users the ability to send their deepfake to meetings and make decisions on their behalf, according to The Verge."I can send a digital version of myself to join so I can go to the beach. Or I do not need to check my emails; the digital version of myself can read most of the emails

Kroger serving up 45,000 pints of free ice cream for summer solstice

Kroger recently announced it is giving away 50 pints of its store-brand ice cream per minute to celebrate the summer solstice on Thursday, June 20, 2024.Summer solstice marks the official start of the season.It's the day with the longest period of sunlight in the Northern Hemisphere — about 15 hours in all.THESE ARE THE MOST AFFORDABLE US CITIES FOR DINING OUT AND THE ONE MOST EXPENSIVEThat adds up to 900 minutes of sunlight — which equates to 45,000 pints of free ice cream at

Mark Wahlberg opens new restaurant with bishop’s blessing, promises customers will ‘feel like they’re at home’

Mark Wahlberg is expanding his restaurant empire, while also inviting people to "feel like they’re at home.""I want to have them to have the most amazing experience they’ve ever had in a restaurant. I want them to feel like they’re at home, that they are doted on and spoiled," Wahlberg told Fox News Digital of his new restaurant, Flecha.He continued, "I’ve sent a lot of people in unannounced to really kind of see what the experience is like. I have an amazing staff,

Apple is bringing ChatGPT to the iPhone in partnership with OpenAI

Apple unveiled a long-awaited AI strategy on Monday, integrating "Apple Intelligence" across its suite of apps, including Siri, and announced a partnership with OpenAI to bring ChatGPT to its devices.

Starbucks founder says Steve Jobs told him to fire executive team: 'He was right'

Former Starbucks CEO Howard Schultz recalled the moment Apple founder Steve Jobs screamed in his face to fire his whole executive team.Within six to nine months of that chat, most of them were gone, Schultz said during an episode on the podcast "Acquired."In 2008, Schultz – who wrapped up his third stint as CEO last year – recalled walking around Apple's campus with Jobs, venting to him about all his problems."He [Jobs] stopped me and said, ‘This is what you need to

Apple unveils 'Apple Intelligence' at the WWDC

Apple announced Monday it will incorporate "Apple Intelligence" into its new iPhone, iPad and Mac operating systems."Apple Intelligence is the personal intelligence system that puts powerful generative models right at the core of your iPhone, iPad and Mac," Apple executive Craig Federighi said at Apple's annual Worldwide Developers Conference (WWDC). "It draws on your personal context to give you intelligence that’s most helpful and relevant to you."CLICK HERE TO READ MORE ON FOX BUSINESSP

More than a quarter of Americans admit to skipping meals due to skyrocketing grocery costs: Report

More than a quarter of Americans have resorted to skipping meals to avoid paying inflated grocery store prices, according to a new survey.According to a study by Qualtrics on behalf of Intuit Credit Karma, 80% of Americans say they have felt a "notable increase" in grocery costs in recent years. More than a quarter of respondents said the increased cost has led them to occasionally skip meals, while about one-third said they spend more than 60% of their monthly income on mandatory expenses such

Southwest shares jump after activist Elliott buys $2B stake

Southwest Airlines shares jumped on Monday after activist investor Elliott Investment Management took a $2 billion stake in the carrier.Elliott, in a letter sent to Southwest's board on Monday, called on the airline to make leadership changes and take other actions, arguing the carrier needed to improve its financial performance.CLICK HERE TO READ MORE ON FOX BUSINESSIn the letter, Elliott executives said Southwest should remake its board with "new, truly independent directors" and hire new lead