Walmart – the largest private employer in the U.S. – is deploying 19 autonomous forklifts across four high-technology distribution centers, in a move aimed at evaluating the impact on both associates and operational efficiency. It's another example of the retail giant ramping up its investment in artificial intelligence technology to keep a competitive edge over rivals. Associates previously have operated FoxBot autonomous forklifts, designed to fully automate the warehouse loading dock at the Brooksville, ...

Toyota introduced its all-new 2025 4Runner this week, unveiling its first major update to the popular SUV in 15 years. The sixth-generation 4Runner, available for sale in the U.S. in the fall, will have a hybrid version available for the first time. "This all-new 4Runner has incredible versatility and capability that nicely rounds out our truck family story," said Dave Christ, Toyota group vice president and general manager, in a statement.BUICK UNVEILS ENCLAVE SUV THAT FEATURES NEW TECH, REDESIGNED STYLE " ...

Costco Wholesale got into precious metals sales last year with gold bars and, according to a Tuesday research note from Wells Fargo, those may have picked up quite a bit since then. In the note, Wells Fargo equity analyst Edward Kelly wrote Costco’s sales of gold and silver "seem to have grown considerably" since then-CFO Richard Galanti announced in mid-December the retailer had "sold over $100 million of gold during the [first] quarter." COSTCO WILL CRACK DOWN ON NON-MEMBERS EATING AT FOOD COURTS Costco r ...

Tesla CEO Elon Musk accused Reuters of "lying" on Friday after the outlet reported the electric vehicle behemoth is abandoning its long-touted plans to produce a budget-friendly starter car. Citing three unnamed "sources familiar," Reuters reported that Tesla has scrapped its initiative to roll out an inexpensive car for the masses, purportedly called Model 2, that was expected to start at $25,000. The outlet said it had reviewed several internal Tesla documents confirming the project's demise. In reaction ...

Apple is laying off 614 workers in California following reports that emerged earlier this year that the tech giant is abandoning its effort to build an electric car.  A state filing from Apple shows that the job cuts will impact eight offices in Santa Clara County and will go into effect on May 27.  The filing did not name the project, but roles affected by the layoffs include "machine shop" managers, product design engineers and hardware engineers, according to the San Francisco Chronicle.  In February, Ap ...

McDonald’s Corporation announced Thursday an agreement to buy its Israel franchise that has 225 restaurants and more than 5,000 employees. This comes as the war between Israel and Hamas continues and other unrest in the Middle East upticks. Alonyal Limited, which owns and operates McDonald’s restaurants in Israel, signed an agreement with McDonald’s Corporation for the sale."For more than 30 years, Alonyal Limited has been proud to bring the Golden Arches to Israel and serve our communities," Omri Padan, CE ...

Ford Motor Co. is pumping the brakes on the production of two forthcoming electric vehicle models as demand for EVs continues to wane. In a manufacturing update Thursday, Ford announced that it is pushing back the production launch of its planned three-row electric SUV at its assembly plant in Oakville, Ontario, from 2025 to 2027. The automaker said the two-year delay of its new SUV rollout "will allow for the consumer market for three-row EVs to further develop and enable Ford to take advantage of emerging ...

Amazon said on Wednesday that it is laying off several hundred workers in its cloud computing unit, AWS. AWS, a subsidiary of Amazon that provides on-demand cloud computing platforms, cut a few hundred roles in its sales, marketing, global services division and physical stores technology team, according to Reuters.An AWS spokesperson told Reuters that the cuts were implemented after it "identified a few targeted areas" that it needed to "streamline."  FOX Business reached out to Amazon for comment. LAYOFFS ...

Disney has come out of its proxy fight with activist investors victorious. The entertainment giant, helmed by CEO Bob Iger, said Wednesday afternoon that a preliminary tally showed its 12 board nominees won reelection.That result came at a "substantial margin" over the totals respectively cast for Trian Group and Blackwells Capital, two entities that separately launched proxy fights against Disney, the company said. Trian had put forward Nelson Peltz and former Disney CFO Jay Rasolu as its board nominees, a ...

Elon Musk on Wednesday advocated for Nelson Peltz in the activist investor’s proxy fight with Disney, saying he "should definitely" get a seat on the entertainment giant’s board. "He would help reform the company, improve the quality of product and generally serve in the best interests of shareholders, as he has done at many other companies," Musk said on X. "This would significantly improve Disney’s share price." "His track record is excellent," Musk said in a subsequent post. The entertainment giant's sto ...