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Valvoline CEO Lori Flees discusses the used car boom, decreased interest in electric vehicles and more on ‘The Claman Countdown.’ Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker's electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier. The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large writedowns to its EV programs, which the company is realigning in response to lower-than-expected consumer demand and changing federal subsidies."I think the customer has spoken," Ford CEO Jim Farley said on the company's earnings call. "That's the punchline." The company lost $4.8 billion on EVs last year and projects 2026 will bring losses in the...

Katie Elliot shares essential tips for minimising the costs of owning a car (Image: Getty )It’s becoming increasingly expensive to run a car. Between fuel prices and insurance, and the rising cost of repairs, many drivers probably feel there’s little wiggle room left in their budgets. While some costs are unavoidable, there are a surprising number of lesser-known ways to cut spending, and I spoke to a few experts this week to find out what they are. When it comes to insurance, timing matters more than you might realise. Tom Banks, car insurance expert at Go.Compare, told me that buying early is far cheaper. The company’s data shows that the average policy costs £337 when bought around 26 days before renewal, compared with £487 if purchased on the day cover starts. Read more: HMRC clari...

Walmart CEO Doug McMillon joins ‘Mornings with Maria’ to discuss his retirement, inflation pressures, tariffs, AI-driven growth and the future of America’s largest retailer. Estée Lauder Companies and several of its luxury brands have filed a federal lawsuit accusing Walmart of allowing counterfeit beauty and fragrance products to be sold through its online marketplace. The complaint, filed Monday in the U.S. District Court for the Central District of California, alleges knockoff versions of high-end products, including Estée Lauder’s Advanced Night Repair, Le Labo’s Santal 33 and Tom Ford fragrances, among others, were listed and sold on Walmart's website.The companies claim the products were not authentic and argue that Walmart’s website layout, checkout system and return process...

Check out what's clicking on FoxBusiness.com. Barron Trump is listed in public records as a director of a new beverage business based near Mar-a-Lago. Filings submitted last month in Florida and Delaware show that Barron Trump is one of five directors of SOLLOS Yerba Mate Inc., described by one of its directors as a "yerba mate beverage company" and headquartered just minutes from the Trump family’s Mar-a-Lago Club in Palm Beach. Yerba mate – a caffeinated herbal tea popular in Brazil, Argentina, Uruguay and Paraguay – has gained traction in the U.S. as a coffee alternative. FOX Business was unable to independently confirm that the Barron Trump named in the filings is the 19-year-old son of President Donald Trump. BARRON TRUMP BUSINESS PARTNER CLARIFIES FUTURE OF LUXURY REAL ESTATE...

Si la popularité des cryptoactifs ne se dément pas chez les investisseurs, les principales banques françaises sont encore loin d’avoir adapté leur offre à cette tendance, malgré un cadre réglementaire plus favorable depuis l’entrée en vigueur, fin 2024, du règlement européen sur les marchés de cryptoactifs, MiCA, puis l’assouplissement, en décembre 2025, de la doctrine de l’Autorité des marchés financiers (AMF) sur les produits financiers « complexes ». L’AMF a en effet pris acte du fait que certains cryptoactifs « ne présent[ai]ent plus un caractère inhabituel pour une clientèle non professionnelle », ouvrant la porte à la commercialisation d’ETN (exchange-traded notes), des titres de créances adossés à des cryptoactifs. Pour les grands réseaux his...

Former U.S. Attorney for the District of Utah Brett Tolman discusses Big Tech in court over claims social media is addictive on 'The Bottom Line.' Instagram chief Adam Mosseri on Wednesday pushed back on claims the platform is dangerously addictive, reportedly telling jurors in a high-profile Los Angeles trial that using the app is more comparable to binge-watching Netflix than suffering from clinical addiction. Mosseri, who has led Instagram since 2018, drew a distinction between clinical addiction and what he described as "problematic use," the New York Post reported."I think it’s important to differentiate between clinical addiction and problematic use," Mosseri said. "I’m sure I said that I’ve been addicted to a Netflix show when I binged it really late one night, but I don’t t...

A UK car hire company operating in the West Midlands and North West England has plunged into administration after 45 years of business, in a major blow. Afford Rent a Car offered car and van hire across Staffordshire and Cheshire, with offices in Stoke-on-Trent and Stafford. The company website claimed the brand offered the “best deal in town” with their pricing said to be “hard to beat”. Afford Rent a Car said it has provided low-cost car and van hire options since 1981. However, business appears to have come to an end, with no word yet on potential job cuts. According to The London Gazette, Crenoon Limited, operating under the trading name of 'Afford Rent a Car', confirmed the appointment of administrators on February 10. The administration report includes the same address as Afford R...

Check out what's clicking on FoxBusiness.com. The U.S. Food and Drug Administration (FDA) has elevated a nationwide recall of cake and bread mixes to a Class I designation, its most serious warning, issued when a product poses a risk of severe illness or death. The recall, first announced in December, involves 866 bags of mixes from Dallas-based distribution company B.C. Williams Bakery Service. These include 51 bags of Spice Cake Mix, 720 bags of Bread and Roll Mix and 95 bags of Swiss Chocolate Cake Mix, according to the FDA.The mixes may contain an undeclared milk allergen that could trigger life-threatening reactions in people with milk allergies, local outlet WHNT reported. A Class I recall involves a "situation in which there is a reasonable probability that the use of or exp...

This move will directly affect everyone born between 6 April 1960 and 5 March 1961, while everyone born after this time facing a state pension age of 67. However, people born after 6 April 1978 are expected to have an even higher state pension age of 68. These estimates are based on the Pensions Act 2007, which notes that the state pension age will reach 68 between 2044 and 2046. However, this is currently under review, so the Government may be able to make the change earlier, potentially affecting people born before 6 April 1978 too.The Pensions Act 2014 mandates a regular review of the State Pension age at least once every five years. The third review, launched last year and is expected to conclude by March 2029.It will examine potential future increases, considering factors such as l...

Check out what's clicking on FoxBusiness.com. To celebrate its 30th birthday, Raising Cane's pulled off perhaps its most epic celebrity get-together in San Francisco for Super Bowl week. With partners like Christian McCaffrey working a shift early during Super Bowl week to Matthew Stafford and his family chowing down some chicken tenders almost immediately after winning his first Super Bowl, the party was on for owner and founder Todd Graves."Time flies, right? This is all I've done my whole adult life. And the best part about it is, same menu for 30 years, same crew, same culture, same vibe, same great people," Graves told Fox Business from the San Francisco Proper, where he hosted A-list celebrities. CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM Cardi B was one of t...