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Ford recalls over 115K trucks due to defect that could lead to loss of steering control
Fox Business· 2025-09-24 15:31
More than 115,000 Ford trucks are being recalled because drivers could lose control of steering, according to U.S. auto safety regulators. A defect impacting certain F-250, F-350 and F-450 vehicles, from model years 2020 through 2021, can cause the steering column's upper shaft to detach, according to the National Highway Traffic Safety Administration.In total, 115,539 vehicles are impacted by this recall. This means the driver could lose steering control of the vehicle, the auto safety regulator said. FOR ...
Univision’s political showdown with Google's YouTube as removal looms
Fox Business· 2025-09-24 11:53
Core Viewpoint - Univision is opposing Google's YouTube TV decision to remove its channel from the main bundle, alleging discriminatory and political implications, especially in the context of upcoming elections [1][2]. Group 1: Company Actions and Reactions - Univision is launching a national advertising campaign, including an open letter from CEO Daniel Alegre, urging Google to reconsider its decision, which he describes as a "Hispanic tax" [4][11]. - The CEO emphasizes the importance of the Hispanic vote in upcoming elections, noting that over four million new Hispanic voters have registered since 2020, making their voice crucial [5][6]. - YouTube TV has stated that Univision's demands are not justified by their performance on the platform, indicating that if an agreement is not reached by September 30, Univision's programming will be removed [6][8]. Group 2: Market Context and Implications - The decision to remove Univision comes at a politically sensitive time, with key gubernatorial elections approaching, which could impact the Hispanic vote significantly [2][5]. - Alegre points out that other distributors, including Hulu and Comcast, recognize the value of Univision's content and its connection to the Hispanic market, contrasting YouTube's stance [8]. - The Hispanic vote has shown a notable shift, with Trump receiving 46% of the Hispanic vote in the 2024 presidential election, indicating changing dynamics in voter behavior [9].
United briefly grounds all US, Canada flights for second time in 2 months
Fox Business· 2025-09-24 11:23
Core Points - United Airlines resumed operations after a brief ground stop due to a technological issue that lasted for one hour [1][2] - This incident marks the second time in two months that United Airlines has temporarily grounded all of its mainline flights [1] - The previous outage in August caused widespread delays across major U.S. airports, including Newark, Denver, Houston, and Chicago, but was resolved within a few hours [5] Company Operations - A connectivity issue occurred just before midnight Central time on Tuesday, leading to the ground stop [2] - The Federal Aviation Administration (FAA) was involved in pausing departures at U.S. and Canadian airports during the ground stop [1][8] - Ground stops are initiated with little to no warning and can be specific to airports, airspace, or equipment [8]
OpenAI announces five new Stargate data center locations in multiple states for AI project
Fox Business· 2025-09-23 21:51
Core Insights - The Stargate project, a $500 billion initiative aimed at enhancing the U.S. position in the AI sector, is progressing with the announcement of five new AI data center sites [1][2][6] - OpenAI, Oracle, and SoftBank are key investors in the project, which includes a total planned capacity of 10 gigawatts [2][6] - OpenAI's CEO, Sam Altman, indicated that the project is ahead of schedule and is crucial for supporting the growing demand for AI tools like ChatGPT [3][6] Investment and Capacity - The Stargate project has secured over $400 billion in investments committed over the next three years, targeting nearly 7 gigawatts of capacity [6] - The project is on track to meet its full $500 billion investment and 10 gigawatts capacity goal by the end of the year [6] Demand and Usage Growth - ChatGPT usage has increased more than tenfold since the beginning of the previous year, indicating a significant rise in demand for AI capabilities [7] - Altman emphasized the need for continuous improvement in speed and efficiency to meet future demand for AI features and products [10][11] Site Selection Factors - Texas has been identified as a prime location for new data centers due to its energy availability, favorable regulatory environment, and access to talent [14] - The companies involved reviewed over 300 proposals from more than 30 states before finalizing the site selections [14]
What to know about Sinclair, the media giant preempting 'Jimmy Kimmel Live!'
Fox Business· 2025-09-23 19:12
Core Viewpoint - Sinclair Inc. will preempt "Jimmy Kimmel Live!" on its ABC affiliate stations, replacing it with news programming, despite The Walt Disney Co. announcing the show's return [1][2][5]. Group 1: Sinclair Inc. - Sinclair operates the largest network of local television stations, owning, operating, or providing service to 185 television stations in 85 markets [9]. - The company also owns the Tennis Channel and multicast networks such as Comet, Charge!, and The Nest, delivering content through multiple platforms [9]. - Sinclair's history dates back to 1971, founded by Julian Sinclair Smith, and has grown significantly over the decades [10][11][13]. Group 2: Disney's Decision - Disney initially suspended "Jimmy Kimmel Live!" to avoid inflaming a tense situation following comments made about the assassination of Charlie Kirk [5][6]. - After discussions with Jimmy Kimmel, Disney decided to resume production of the show [6]. Group 3: Financial Implications - The preemption of "Jimmy Kimmel Live!" by Sinclair and Nexstar Media Group Inc. may lead to financial repercussions for ABC, as it shuts out certain advertisers [3][11].
Nvidia to invest up to $100B in OpenAI
Fox Business· 2025-09-22 17:30
Core Insights - Nvidia plans to invest up to $100 billion in OpenAI to enhance AI infrastructure and capabilities [1] - The partnership aims to deploy at least 10 gigawatts of AI data centers using Nvidia systems, with the first phase expected to be operational in the second half of 2026 [1][2] - OpenAI's CEO emphasizes the importance of compute infrastructure for future economic growth and AI advancements [5] Investment and Partnership Details - The investment marks a significant step in the collaboration between Nvidia and OpenAI, focusing on AI data center deployment [1][2] - Nvidia previously supported OpenAI in a $6.6 billion funding round in October 2024, indicating a strong financial backing [9] - The companies are working to finalize the details of this new phase in the coming weeks [3] Strategic Implications - The partnership is expected to drive new AI breakthroughs and empower businesses and individuals at scale [5] - Nvidia's substantial investment could attract antitrust scrutiny due to its size and impact on the AI industry [9]
Unlikely partnership between streaming giant and global beer brand may indicate the future of advertising
Fox Business· 2025-09-22 12:31
Core Insights - A new partnership between Netflix and AB InBev aims to enhance social experiences at home, reflecting changing drinking habits and socialization patterns [1][10] - The collaboration will include promotions for Netflix subscriptions, themed packaging, and product placements within Netflix shows [4][5] Group 1: Partnership Details - AB InBev's Chief Marketing Officer, Marcel Marcondes, emphasizes the importance of adapting strategies to appeal to home audiences, indicating a shift in social drinking occasions [1][2] - The partnership will see Netflix incorporate AB InBev products into its content, such as featuring Stella Artois in the upcoming season of "The Gentlemen" [5][12] - Both companies aim to create unique and engaging marketing campaigns that resonate with viewers and enhance the cultural relevance of their brands [7][10] Group 2: Market Context - AB InBev controls approximately 25% of the global beer market and is known for brands like Corona and Budweiser [7] - Netflix reportedly has over 300 million paid subscribers, providing a substantial audience for the partnership [8] - The collaboration is positioned to capitalize on the growing trend of social streaming, where viewers gather to watch shows together, even from different locations [2][10]
Michelob Ultra dethrones Modelo Especial to become America's new top-selling beer brand
Fox Business· 2025-09-22 11:21
Core Insights - Michelob Ultra has become the top-selling beer in America, surpassing all competitors including Modelo Especial, largely due to its strategic marketing during major sports events [1][2][3] Group 1: Market Position - Michelob Ultra has claimed the top spot in retail channels for the latest 52 weeks, as well as in bars and restaurants, according to data from Circana and NielsenIQ [3][9] - The brand's rise effectively ends Constellation Brands' reign at the top, which was held by Modelo Especial until June 2023 [5][7] Group 2: Strategic Partnerships - Anheuser-Busch has secured significant sponsorships, including being the NBA's first global beer sponsor and the official beer sponsor for FIFA World Cup 2026 and LA 2028 [2] - Michelob Ultra has a 30-year partnership with the PGA Tour, which has contributed to its brand visibility and growth [2][8] Group 3: Brand Growth and Marketing - The brand has been positioned around active and social lifestyles since its launch in 2002, which has resonated with its target demographic [8] - Anheuser-Busch identified Michelob Ultra's expansion as a top priority in 2019, recognizing it as a key growth driver [8] Group 4: Industry Trends - The backlash against Bud Light due to its marketing campaign has shifted consumer preferences, allowing Michelob Ultra to capitalize on this opportunity [5][7] - Draftline Technologies reported that Michelob Ultra has the largest share of U.S. draft lines, indicating strong market presence [9][10]
Musk, Trump come together at Charlie Kirk memorial
Fox Business· 2025-09-21 21:58
After a spectacular break-up, President Donald Trump and Elon Musk came together to honor conservative activist Charlie Kirk. The two were spotted shaking hands at Kirk's memorial service Sunday afternoon in a box at State Farm Stadium in Glendale, Arizona. Kirk, who co-founded Turning Point USA, was assassinated while speaking at Utah Valley University during his ‘Prove Me Wrong’ campus tour. His killing sparked an outpouring of support around the globe, as well as criticisms of conservatives and leftist ...
McDonald's value meal return sparks industrywide discount battle
Fox Business· 2025-09-20 14:25
Core Insights - The restaurant industry is increasingly focusing on value offerings to attract budget-conscious consumers, with McDonald's leading the charge by reintroducing its Extra Value Meals, which provide an average savings of 15% compared to purchasing items separately [1][9][14] - Industry experts predict that McDonald's strategy will compel its competitors to implement similar discount strategies, particularly during breakfast hours, to retain and attract customers [2][4][13] Industry Response - Following McDonald's announcement, IHOP introduced an everyday value menu featuring four complete breakfast meals for $6, available daily from 7 a.m. to 10 p.m. [5][8] - Jack in the Box plans to increase cup sizes by approximately 25% and lower prices across its drive-thru menu, with over 60% of its combo meals priced under $10 [11] - Burger King has also launched promotional deals for its loyal customers, offering free items tied to a $1 order during a week-long celebration [12] Market Conditions - The fast-food sector is currently facing challenges such as margin pressures from supply chain issues and rising labor costs, alongside a general decline in customer traffic, with exceptions noted for brands like Chipotle and Cava [16] - As of July, menu prices at limited-service restaurants rose by 3.3% year-over-year, peaking at 8.2% in April 2023, indicating a trend of increasing costs in the industry [17]