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  • Eric Trump, Who Runs the Family Business, Hops Along on the Plane to China
    The president’s middle son is said to be joining his father in a “personal capacity” rather than to make business deals. [TheTopNews] Read More.
    THE NEW YORK TIMES – Business | Business & CommerceWed, May 13, 2026
    25 mins ago
  • Instant noodle recall issued nationwide over possible peanut contamination
    A potential peanut contamination has prompted a nationwide recall of certain instant noodle packages, federal regulators announced Tuesday.Los Angeles-based Fly By Jing voluntarily initiated the recall for select lots of its Creamy Sesame Noodles, a protein-packed vegan noodle product, according to the U.S. Food & Drug Administration (FDA)."People who have allergies to peanuts run the risk of a serious or life-threatening allergic reaction if they consume these products," the FDA said. "We take food quality and safety seriously, and we are deeply sorry for any concern this causes. We are committed to making this right for every customer," Fly By Jing said. CHOCOLATE RECALL HITS COMPANY'S ENTIRE PRODUCT LINEUP OVER SALMONELLA CONTAMINATION FEARSAccording to the recall, the company discovered that a third-party manufacturer used shared equipment that also processes peanuts under conditions that could pose a health risk to individuals with peanut allergies. The affected products were distributed nationwide through its website and retail stores, including Whole Foods Market and Thrive Market, the FDA said. The company added that the products may also have been sold on TikTok. The affected products include single and four-pack containers with lot codes 8-50052-23988-6 and 8-50052-23991-6. The impacted products carry best-by dates of Oct. 15, 2026, Dec. 6, 2026, and March 23, 2027.  Federal regulators added that the affected products were distributed to retailers between Feb. 1, 2026, and May 8, 2026. MULTIPLE SNACK MIXES RECALLED, INCLUDING TARGET PRODUCT, OVER RISK OF SALMONELLA CONTAMINATIONFly By Jing is offering full refunds to those who purchased the affected items. Customers can return the products to their retailer for a full refund, and those who bought the items through the company’s website or TikTok Shop will also be contacted, the company said. To ensure consumer safety, the company said it immediately stopped distribution, notified customers and retail partners, and placed all remaining inventory on hold. Fly By Jing has also implemented stricter allergen controls with its third-party manufacturer to help prevent future issues.GET FOX BUSINESS ON THE GO BY CLICKING HERENo other products from the brand were included in the safety alert.Customers seeking additional information may contact the Fly By Jing consumer hotline at 1-866-862-2645, or email recall@flybyjing.com. [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceWed, May 13, 2026
    3 hours ago
  • OpenAI backs creation of global AI governance body led by the U.S. that would in...
    A top OpenAI executive said Wednesday the company would support a U.S.-led global AI body that includes China as competition between the two countries intensifies.Chris Lehane, OpenAI’s vice president of global affairs, told reporters the U.S. could leverage its advancements in AI to help establish a global framework aimed at building safer, more resilient systems, according to Bloomberg."AI, in some level, transcends a lot of the prevailing or traditional trade type of issues," Lehane said. "There is an opportunity to really start to build something up globally, and have countries around the world, including China, potentially participate."Lehane said the proposed organization could resemble the International Atomic Energy Agency, which includes China and sets global safety standards for nuclear energy development.TRUMP READIES FOR BEIJING SUMMIT WITH XI AS AI CHIP SALES, FARM GOODS TOP AGENDAHe added that such a framework could be built by linking the U.S. Commerce Department’s Center for AI Standards and Innovation with AI safety institutes being developed around the world.Lehane said OpenAI has floated the idea of connecting AI safety institutes, though it is unclear whether the Trump administration would support China’s participation in setting global guidelines.The comments come as President Donald Trump arrived in China ahead of talks with Chinese President Xi Jinping.Several business leaders joined Trump on the trip, including Nvidia CEO Jensen Huang. The chipmaker is the world’s most valuable company, with a market value of about $5.3 trillion.BOEING PURSUES MASSIVE CHINA JET DEAL AS CEO JOINS TRUMP'S DELEGATION TO BEIJINGThe talks are expected to take place against the backdrop of the ongoing war in Iran, as well as continued U.S.-China tensions over tariffs, artificial intelligence and trade.The two countries could discuss new commitments by China to purchase U.S. agricultural products and jetliners, while restrictions on the sale of advanced AI chips remain a potential sticking point.Ahead of the visit, former White House AI adviser David Sacks weighed in on the intensifying AI competition between the two countries on "The Claman Countdown."FROM ROGUE AI BLACKMAILING HUMANS TO CONDENSING SCHOOL DAYS, THE AI REVOLUTION IS ALREADY RESHAPING LIFE"I do think that there are things that may be in our common interest, and it's worthwhile to explore having those conversations," he said."The fact is, we have to still protect from against each other. So I think it's going to be a little bit limited in terms of what we can achieve there."The discussions come as concerns… [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceWed, May 13, 2026
    3 hours ago
  • Here’s How Trump’s Trade War on China Ended Up in a Stalemate
    As President Trump prepares to meet with Xi Jinping, a trade war that once threatened to freeze commerce between the two countries has given way to an uneasy truce. [TheTopNews] Read More.
    THE NEW YORK TIMES – Business | Business & CommerceWed, May 13, 2026
    3 hours ago
  • Cisco to cut thousands of jobs as AI push accelerates after earnings beat
    Cisco Systems is planning to cut nearly 4,000 employees as part of a broader strategic shift toward artificial intelligence (AI), following a stronger-than-expected earnings report on Wednesday.The layoffs, representing less than 5% of the company’s global workforce, sent shares up roughly 20% in after-hours trading.The San Jose-based tech giant said the move reflects its strategy to position itself for the AI era by redirecting investment toward areas with the strongest demand and highest value."I’m confident Cisco will be one of those winners. This means making hard decisions," Cisco CEO Chuck Robbins said. META'S BAY AREA LAYOFFS AFFECT ROUGHLY 200 WORKERS AS COMPANY POURS BILLIONS INTO AI INFRASTRUCTURE"With this, we are making changes today that will result in the reduction of our overall workforce in Q4 by fewer than 4,000 jobs, representing less than 5% of our total employee base."Hours earlier, the company reported Q3 FY2026 earnings that significantly exceeded Wall Street expectations. Revenue hit a record $15.8 billion, compared with $15.56 billion expected, while adjusted earnings per share came in at $1.06 versus $1.04 expected.Year-over-year revenue growth reached 12%, rising from $14.15 billion in the same quarter last year, which ended around April 26.Cisco also said it has secured $5.3 billion in AI infrastructure orders from hyperscalers year to date. If momentum continues, the company expects to generate about $9 billion in FY2026 AI orders, up from a prior estimate of $5 billion. FY2026 revenue from this segment is also projected to reach $4 billion, revised upward from a $3 billion projection.PRIVATE SECTOR ADDED 63,000 JOBS IN FEBRUARY, ABOVE EXPECTATIONS, ADP SAYSDespite reporting record-breaking revenue, the company said it plans to issue workforce notifications starting May 14 across its global operations as it continues shifting focus toward high-growth areas such as AI, security and networking.The company said it will support affected employees with severance packages, extended training resources, and job placement assistance through its internal and external placement services program, which reportedly helped roughly 75% of participants secure new roles. GET FOX BUSINESS ON THE GO BY CLICKING HERECisco estimates that its restructuring plan, including severance and related costs, will result in pre-tax charges of up to $1 billion. The company expects to recognize approximately $450 million of those charges in the following quarter, with the remainder to be recorded in fiscal 2027.  [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceWed, May 13, 2026
    4 hours ago
  • Florida bans sloth imports after dozens of animals die at planned Orlando attrac...
    Florida wildlife officials signed an executive order on Wednesday to temporarily ban the importation of sloths following dozens of animal deaths at an Orlando facility.Florida Fish and Wildlife Conservation Commission (FWC) executive director Col. Roger Young said the planned attraction, Sloth World, has relinquished all of its permits after a fatal intestinal infection swept through its animals.Young confirmed the outbreak is isolated to Sloth World and said inspections of other Class III wildlife facilities in Florida found no widespread issues.WORLD'S FIRST SMART DOG COLLAR USES AI TO TRACK PET HEALTH, DETECT ESCAPE ATTEMPTS NATIONWIDE FOR PET PARENTSThe crackdown comes after Sloth World imported at least 69 wild-caught sloths for a planned "Slotharium" exhibit, according to the Sloth Conservation Foundation (SloCo). At least 31 of the sloths died before the facility opened to the public and roughly 24 sloths remain unaccounted for.Following Sloth World's closure, 13 surviving sloths were relocated to the Central Florida Zoo & Botanical Gardens on April 24 for emergency veterinary treatment.Three of the sloths that arrived in the most critical condition — Bandit, Habanero and Dumpling — have since died, according to the zoo.AWARD-WINNING PILOT AND WIFE DIE IN PLANE CRASH AFTER DIRTY WINDOWS PROMPT EMERGENCY LANDING, PET DOG SURVIVESNecropsy reports confirmed the primary cause of death for the animals was severe emaciation, with Bandit also suffering from abnormal fluid accumulation in his body.The youngest and smallest of the rescued group, a sloth named Mr. Ginger, remains in critical condition in intensive care.Zoo veterinary staff are working around the clock to save the remaining sloths and recently received a special shipment of fecal samples from healthy sloths at the Los Angeles Zoo to help restore the gut microbiome of the sick animals.DOG TREATS RECALLED OVER FEARS OF SALMONELLA CONTAMINATION, FDA SAYSSloCo officials said the surviving sloths can never be released back into the wild because their exact origins are unknown. Returning the animals could carry genetic risks to wild populations and the potential of introducing foreign pathogens.Since sloths have lifespans of over 50 years, the organization said survivors now face a lifetime in human care at accredited Association of Zoos & Aquariums (AZA) facilities.Earlier this month, U.S. Rep. Maxwell Frost, D-Fla., and Democratic Florida State Rep. Dr. Anna Eskamani visited the Central Florida Zoo to meet with conservationists and discuss overhauling the permitting and importation of exotic animals.AMAZON’S RING EXPANDS AI-POWERED NETWORK TO HELP LOCATE LOST DOGSFlorida's temporary… [TheTopNews] Read More.
    FOX BUSINESS – Latest | Business & CommerceWed, May 13, 2026
    4 hours ago
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