Category: Business

The upcoming model of Apple’s smartwatch will have a larger display and multiple new features.

The Apple Watch Series 10, unveiled Monday during Apple’s “Glowtime” event, will come with a display that provides “up to 30 percent more active screen area” than the Series 4, 5 and 6 and “up to 9 percent more” than the Series 7, 8 and 9, the tech giant announced Monday.

Rounding the corners of the case and giving it a wider aspect ratio helped Apple achieve that feat without increasing the size of the case significantly, according to Apple. The case size options for the Series 10 are 42 mm and 46 mm, up 1 mm from the Series 9. 

Apple has also reduced the thickness of its smartwatch with the Series 10, designing it to be almost 10% thinner than its predecessor.

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“Apple Watch Series 10 builds on a decade of breakthrough innovations to offer the most advanced version yet, with even more intelligence, our biggest wearable display, and a design that’s slimmer and sleeker than ever,” Apple COO Jeff Williams said in a press release.

The newest version of the Apple smartwatch will have the ability to play audio from numerous Apple and third-party apps through its speaker.

Apple also said the Series 10 has an upgraded charging coil that “means users can charge to 80 percent battery in about 30 minutes.”

Another notable addition to the latest Apple Watch is sleep apnea notifications. The smartwatch will track “breathing disturbances” during sleep and analyze it using a special algorithm to send those messages, according to Apple.

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The Series 10 will run on watchOS 11. That will include a new app showing “key overnight health metrics,” more customization options for “Activity Rings,” an upgrade for “Smart Stack,” double-tap scrolling capability and more, per the company. 

Apple has already started accepting preorders for the Series 10 and will officially launch the new smartwatch late next week. Series 10 watches will have different starting price tags based on the material of their cases, with aluminum costing $399 and titanium costing $699, it said. 

The upgraded Apple Watch Ultra 2, also unveiled Monday, has the same release timeline as the Series 10.

The unveiling of Apple’s latest smartwatches coincided with the tech giant providing details about its four new iPhone models — the iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max.

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Those will also start hitting the market Sept. 20. Their preorders open Friday, later than the smartwatches.

In addition to those products, Apple used “Glowtime” to introduce AirPods 4 and revamped AirPods Max.

The company’s stock price ended the trading day roughly flat from where it opened amid investors reacting to the product updates.

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In May, Carlson announced his decision to step down from his role and said he would stay with the company as editor-at-large after a new...

Apple announced several artificial intelligence-powered features will be introduced into its product lineup starting next month, using its AI software, dubbed Apple Intelligence.

Apple Intelligence uses generative AI to create text, images and other content for users on command.

The iPhone maker said Apple Intelligence will first come to iOS 18.1, iPadOS 18.1 and macOS Sequoia 15.1, with features rolling out in the coming months.

“The next generation of iPhone has been designed for Apple Intelligence from the ground up. It marks the beginning of an exciting new era,” CEO Tim Cook said during the company’s “It’s Glowtime” event and product launch.

APPLE UNVEILS THE IPHONE 16

During its innovation event on Monday, where Apple unveiled its new AI-boosted iPhone 16, the company showed off some of the new features, such as identifying objects using the phone’s camera, creating new emojis by typing in a description, and receiving a summary of emails in their inbox with the most important information rather than just showing the first few lines.

The company has also enhanced the capabilities of Siri, its personal assistant, with AI. Users are able to type inquiries to Siri on iPhone, iPad and Mac, and switch between text and voice while utilizing the tool.

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“Apple Intelligence marks the start of a new era for Siri and makes it more natural, more contextually relevant and more personal to you,” said Apple’s software engineering chief, Craig Federighi.

Apple Intelligence also prioritizes certain notifications and offers tools that can use AI to summarize content like web pages and voice notes.

Apple says users will also be able to utilize OpenAI’s ChatGPT across several areas, accessing the chatbot’s knowledge as well as its image and document-understanding capabilities.

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Apple and tech companies around the world are racing to add AI to products, and phones are expected to be one of the most important battlegrounds. The Cupertino, California-based company also is betting the AI feature will drive consumers to upgrade amid a slowdown in iPhone sales.

Apple first announced its plans for Apple Intelligence at its annual Worldwide Developers Conference in June.

FOX Business’ Eric Revell and Reuters contributed to this report.

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Former President Trump on Monday promised to halt taxes on social security benefits in an effort to help many senior citizens. 

On Truth Social, Trump posted a video saying inflation under the Biden administration has hurt seniors. 

“To help seniors on fixed incomes who are suffering the ravages of Comrade Kamala Harris’ inflation nightmare — I’m promising NO TAX on SOCIAL SECURITY BENEFITS!” he wrote. 

This story is breaking. Please check back for updates. 

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Norfolk Southern CEO Alan Shaw could be on his way out after the railroad’s board launched an investigation into allegations that he engaged in an inappropriate relationship with another employee, according to multiple reports.

The Wall Street Journal reported Monday that Shaw is expected to depart Norfolk Southern by the end of the week, after the board announced its probe into Shaw’s alleged misconduct over the weekend.

The Journal confirmed details from an earlier report by CNBC that the investigation was launched over allegations of an inappropriate workplace relationship.

When contacted by FOX Business, Norfolk Southern declined to comment beyond its statement about the investigation, which disclosed that company had hired an outside law firm to look into allegations that Shaw potentially violated the company’s code of ethics.

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Shaw has worked at Norfolk Southern for thirty years, rising through the ranks before taking over as CEO in 2022. 

The board, of which Shaw is a member, supported his leadership through the disastrous 2023 derailment in East Palestine, Ohio, and defended him against an effort by activist investors to replace the railroad’s entire leadership team earlier this year.

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A number of high-profile corporate leaders have lost their jobs in recent years for failing to fully disclose personal relationships with colleagues.

BP CEO Bernard Looney and Cboe Global Markets Chairman and CEO Edward Tilly both resigned from decades-long careers at their respective companies last year after boardroom investigations discovered they had not been entirely forthright about their relationships with fellow employees.

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McDonald’s ousted former CEO Steve Easterbook in 2019 for engaging in a “consensual relationship with an employee,” and former Intel CEO Brian Krzanich stepped down in 2018 after the semiconductor manufacturer found out he had a “past relationship with an Intel employee.”

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Joe Biden and Kamala Harris are completely incapable of telling the truth, and you can bet that Donald Trump will exploit this in tomorrow night’s presidential debate hosted by ABC News. 

Not only do their constant untruths damage them with American voters, these untruths reflect enormous character flaws. It is interesting that National Review editor-in-chief Rich Lowry and former House member Tulsi Gabbard have both written important essays on why Kamala Harris’ constant flip-flops represent an enormous character flaw that should disqualify her from becoming president and commander-in-chief. 

The laundry list of untruths and flip-flops is too long to chronicle here, but there’s a couple that stand out. Begin with Afghanistan, a foreign policy catastrophe that in many respects was the beginning of the end of Joe Biden’s presidency. On August 31, 2021, Mr. Biden referred to his administration’s cut and run from Afghanistan as an “extraordinary success.” 

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As almost anyone could see, it was a major catastrophe, but just recently a comprehensive report from the House Foreign Affairs Committee’s more than two-year investigation, showed that Biden was hell-bent on leaving Afghanistan and ignored the military’s advice. Bear in mind, Kamala has always bragged that she was the last person in the room with Biden, and she has always echoed his phony claim that the operation was a success. 

We know it was a failure. We know the Biden-Harris administration constantly lied to and misled the American public, and now we have learned some additional details. Nearly every U.S. military official advised against the Afghan exit: the secretary of defense, the chairman of the Joint Chiefs, the office of the director of National Intelligence, commander of U.S. Central Command, along with strenuous objections from NATO allies, but Joe Biden and Kamala Harris insisted on making one of the greatest foreign policy blunders in American history and then lied about it. 

By the way, the Trump administration entered into a Doha agreement with the Afghan government and insisted that the Taliban cut all ties with al-Qaeda, ISIS, and other terrorist groups, but Biden-Harris ignored these details and one more untruth. During his recent debate with Donald Trump in June, Biden insisted nobody was killed and then made this sweepingly false statement: “Truth is, I’m the only president this century that doesn’t have any—this, this decade—that don’t have any troops dying anywhere in the world.” Ignoring the 13 U.S. Service members killed in Abbey Gate (11 Marines, 1 Navy corpsman and 1 soldier). 

The Afghanistan retreat led to a cascading decline in American strength that connects the dots from catastrophe in Afghanistan to Putin’s invasion of Ukraine, to the Iran-Hamas massacre and subsequent war against Israel. 

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Appeasement led to appeasement. American strength, respect and deterrence – out the window. Other examples of character flaw untruths – to name just a few more, Kamala is trying to persuade us that she favors a wall to protect our southern border, but a recent CNN report showed that at least 50 times in the past, Kamala has opposed the wall. 

Of course, the same could be said for her fracking ban, her Bernie Sanders nationalizing healthcare, all of her tax hike promises or even stealing Donald Trump’s idea for tax-free tips. She and her advisers think they’re moving toward the political center. The rest of American voters think her flip-flops are just untruths that are part of her major character flaws that disqualify her to be commander-in-chief at a time when America needs both honesty and strength at the helm. 

Even Joe Biden lying about inheriting 9% inflation, or a deep recession, or creating 16 million jobs – lies that have all been corrected in recent weeks, but lasted nearly 3 and a half years and were supported by loyal running mate Kamala Harris. Instead of blatant untruths, flip-flops and character weaknesses, this is a time for truth. Ms. Harris and her team think they’re being very clever, but politics in today’s information age leaves no stone unturned. It will never work. That’s the riff. 

This article is adapted from Larry Kudlow’s opening commentary on the Sept. 9, 2024, edition of “Kudlow.”      

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The complaint seeks at least $5 million in damages from Ewing, NJ-based Church & Dwight for purchasers of Trojan condoms nationwide. Read More 

A new report released Monday by the Federal Reserve Bank of New York found that U.S. consumers see inflation easing, but that worries about the labor market and managing household debt loads rose.

The New York Fed’s latest Survey of Consumer Expectations found that respondents continue to see inflation at 3% a year from now and 2.8% in five years, findings that are unchanged from the prior month. It found that consumers’ price expectations over the next year involved larger increases for gas, rent and medical care, as well as smaller increases for food and college expenses.

The survey also found that for the third straight month, respondents’ expectations of missing a debt payment in the next three months increased with a 0.3 percentage point rise in August to 13.6%, the highest level since the early stages of the COVID pandemic in April 2020.

Consumers’ views of the labor market were mixed in the report, with fewer worries about losing a job but also less optimism about voluntarily leaving a current job or finding a new job after losing their present role. 

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The perceived probability of an individual losing their job in the next 12 months fell by 1 percentage point to 13.3%, below the 12-month trailing average of 13.7%, while the probability of leaving a job voluntarily also fell to 19.1% from 20.7%.

The report also found that the perceived probability of finding a job if an individual lost their job decreased, with a decline of 0.2 percentage points to 52.3% – below the 12-month average of 53.9%.

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Expectations for growth in household incomes increased by 0.1 percentage points to 3.1%, while spending growth expectations increased by the same amount to 5.0%.

The report comes ahead of the release on Wednesday of inflation data for the month of August when the Labor Department releases the latest figures for the consumer price index (CPI).

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Markets will be closely monitoring the CPI print as they assess how much the Federal Reserve will cut interest rates by when the central bank’s policy committee meets next week. The benchmark federal funds rate currently sits at a range of 5.25% to 5.50%, the highest level in 23 years, while analysts debate whether the Fed will lower rates by 25 or 50 basis points.

Fed Chair Jerome Powell has signaled that the “time has come” for interest rate cuts amid signs of progress in tamping down inflation. 

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July’s CPI came in at a year-over-year increase of 2.9% – well below the 9.1% June 2022 peak in this inflationary cycle, though it remains above the Fed’s 2% target rate.

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One of the world’s biggest consulting and accounting firms plans to monitor its employees’ locations to ensure compliance with a stricter return-to-office policy set to take effect next year. 

PricewaterhouseCoopers, known as PwC, announced that its U.K. branch is “placing more emphasis on in-person working.” It initiated a new policy that requires staff to spend at least three days a week, or 60% of their time, in the office or with clients. That’s up from the previously mandated two to three days in the office or with clients, according to the firm.

In an internal email, staffers were told that the company would be sharing their location data with them on a monthly basis, a PwC spokesperson told FOX Business. 

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“The new policy tips the balance of our working week into being located alongside clients and colleagues,” PwC U.K. Managing Partner Laura Hinton said, adding that “this feels right for our business and right for our people, given our focus on client service, coaching, and learning and development.” 

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The policy takes effect in January, which PwC says will give staff time to “plan for these arrangements.” 

If an employee’s data shows they are “consistently breaching the policy,” PwC would first seek to understand why, a spokesperson said. 

There has been a wave of companies, especially in the tech sector, that have required employees to come back to the office as the pandemic subsided. 

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In 2023, Amazon, now requiring employees to be in person three days a week, warned that employees who don’t comply with its return-to-office policy could get fired. It would also jeopardize an employee’s chance of getting a promotion, according to several reports. 

Meta employees who weren’t fully remote were also required in 2023 to come back to the office at least three days per week. 

JPMorgan Chase CEO Jamie Dimon has been vocal about flaws associated with working from home. His firm, along with Morgan Stanley and Goldman Sachs took steps in the fall of 2022 to reduce remote work. 

JPMorgan had return-to-office pushes for top trading staffers in late 2020 and for managing directors in 2023.

FOX Business’ Aislinn Murphy contributed to this report.

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A Carnival Cruise Line ship struck “an errant piece of drifting ice last Thursday while sailing in Tracy Arm Fjord, Alaska,” the company confirmed to FOX Business on Monday.

The hull of the Carnival Spirit underwent an assessment and no damage was found, the company said. The ship continued on its current seven-day cruise that arrives back in Seattle, Washington, on Tuesday. 

Carnival said “the vessel continued on its cruise and there has been no impact to operations.” Despite this, social media reactions took a turn for the dramatic.

“If we die, it was damn-well worth it,” a passenger said in a video she posted in a private Carnival VIFP Club Members Facebook group. “It’s a Titanic moment.”

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“Oh, we are hitting it,” she said, as other passengers could be seen looking over the side of the ship. “Damn.”

The video’s caption reads, “Carnival did an AMAZING job of keeping all the passengers and staff safe and updated.”

One X user shared photos with their local meteorologist that showed the iceberg and a boat, assessing for damage.

Carnival said in a statement to FOX Business that the ship did not experience delays, and that the Spirit “arrived in Skagway on Friday as scheduled.”

The Carnival Spirit was built in 2001. It can take just over 2,600 guests on voyages with 920 team members onboard, according to a ship fact sheet.

While its home port is currently Seattle, the ship has upcoming cruises from Mobile, Alabama.

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Alaska is considering a new policy to limit the number of visitors to its capital, Juneau, amid concerns about the impact of overtourism, expanding on measures introduced last year. 

Juneau last year limited visitation to just five cruise ships per day, and in June, Carnival, Royal Caribbean and Norwegian agreed to limit the number of passengers visiting the shore per day as well: 16,000 per day Sundays through Fridays and 12,000 on Saturdays starting in 2026, according to the Alaska Beacon. 

Cruise season runs from early April to late October, and the capital continues to prove a highly popular destination with several glaciers nearby, including the Mendenhall Glacier. Residents in recent years have raised concerns about the increased traffic, congested trails and noise pollution from both cruise ships and helicopter tours. 

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The cruise industry produces around $375 million in direct investment into Juneau, mostly through passenger spending. Tourism dipped during the coronavirus pandemic, but has spiked in the past 18 months as travel resumed normal levels, with a record 1.6 million cruise passengers visiting Juneau in 2023. 

FOX Business’ Peter Aitken contributed to this report. 

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