Mercedes-Benz is recalling more than 24,000 vehicles due to an issue with the drive shaft universal joint, which may unexpectedly break, according to the National Highway Traffic Safety Administration (NHTSA). 

The recall affects various Mercedes models as documents shared by the NHTSA say that a broken joint can lead to a loss of power, which can increase the risk of a car crash. 

A total of 24,092 cars were affected, ranging from models released between 2018 and 2020, according to the documents, while the share of vehicles with the defect is estimated to be 100% of the recalled vehicles.

Representatives for Mercedes-Benz did not immediately respond to FOX Business’s request for comment.  

BISSELL STEAMERS RECALLED IN RESPONSE TO DOZENS OF ‘SERIOUS’ BURN INJURIES

Mercedes-Benz has recalled 24,092 vehicles because the drive shaft universal joint may unexpectedly break. (Reuters/Athit Perawongmetha, File / Reuters Photos)

Dealers will be notified about the recall, and will inspect the drive shaft universal joint. The brand is also sending notification letters to vehicle owners who may be affected by the recall by June 2, 2026, according to the NHTSA. 

The agency also reported last week that more than 422,000 Ford vehicles in the U.S. are being recalled over windshield wiper failure.

Windshield wiper arms may operate erratically or may break, causing the wipers to fail, according to NHTSA.

The model year 2021-2023 Lincoln Navigator, 2021-2023 Ford Expedition, and the 2022-2023 Ford Super Duty, are some of the specific vehicles that may be directly affected by the recall.

350K SUPPLEMENTS RECALLED FOR PACKAGING FLAW THAT POSES ‘SERIOUS INJURY OR DEATH’ RISK TO CHILDREN

Drivers who may be affected by the Mercedes-Benz recall will be contacted through a letter from the company by June 2. (Getty Images)

“An improperly functioning or detached wiper arm may impair driver’s vision, increasing the risk of a crash,” NHTSA’s description of the defect said.

“The windshield wiper arm’s latch retention plate may have been incorrectly staked at the supplier. The latch retention plate keeps the arm head properly seated to the wiper arm. Additionally, the engagement between the knurl and wiper arm may be reduced due to dimensional variability. Proper knurl-to-arm head teeth engagement ensures robust wiper arm operation,” the agency said.

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Customers with further questions can contact Mercedes-Benz using the customer service phone number, 1-800-367-6372. 

They can also check if their car has been impacted by searching for their model number on NHTSA.gov.

FOX Business’ Eric Revell contributed to this report.

NEW YORK — The Nasdaq Composite climbed 1.40% to 23,507.62 Tuesday morning, extending its rebound from recent geopolitical shocks as investors bet on resilient corporate earnings and the enduring strength of artificial intelligence-driven growth.

The tech-heavy index rose 323.88 points by 11:28 a.m. EDT, building on Monday’s 1.2% gain that pushed it to 23,183.74 at Monday’s close. The move reflected renewed optimism that U.S. companies can navigate higher energy costs from Middle East tensions while delivering solid first-quarter results.

Gains were led by technology and semiconductor stocks, with AI-related names continuing to anchor the rally. The index has now recovered much of its losses from the brief escalation involving U.S.-Iran tensions that began in late February, returning to levels last seen before the conflict intensified.

Analysts pointed to easing concerns over a prolonged energy shock and diplomatic progress as key drivers. Reports of advancing peace talks, including comments from U.S. Vice President JD Vance on “a lot of progress” in initial Iran negotiations, helped lift risk appetite across markets. Oil prices eased slightly Tuesday, reducing fears that sustained high crude costs would crimp corporate margins or force the Federal Reserve into a more hawkish stance.

Earnings season, which kicked into high gear this week with major bank reports, provided additional support. Investors appeared encouraged by early results showing banks weathering the environment, while broader expectations for double-digit profit growth across the S&P 500 helped justify valuations in the tech sector.

The Nasdaq’s performance outpaced the broader market, underscoring its heavy weighting toward growth stocks. The Dow Jones Industrial Average and S&P 500 also traded higher but with more modest gains, highlighting the continued leadership of technology amid economic uncertainty.

Key movers included semiconductor giants and software companies tied to AI infrastructure. Memory chip producers, data center enablers and cloud computing leaders posted solid intraday advances as investors rotated back into high-conviction tech names. Oracle shares jumped on news of expansions to its agentic AI platform, while other AI-adjacent stocks benefited from broader sector momentum.

The rally comes after a volatile start to 2026. The Nasdaq posted a roughly 7% decline in the first quarter amid worries over AI disruption in certain industries and geopolitical flare-ups. Yet April has brought a sharp rebound, with the index now testing recent highs and flirting with all-time territory in some sessions.

Market participants remain focused on the balance between strong corporate fundamentals and external risks. Consensus forecasts call for about 14% year-over-year earnings growth in the first quarter, with even stronger projections for the full year. Some strategists have raised full-year 2026 S&P 500 earnings growth estimates to around 19%, citing resilient demand and operating leverage in tech and related sectors.

Producer Price Index data released Tuesday showed a tame 0.5% headline increase for March, below expectations and helping soothe inflation concerns. Core PPI rose just 0.1%, offering reassurance that wholesale price pressures have not spiraled despite higher energy costs. The report supported views that the Federal Reserve can remain patient, with markets still pricing in limited rate cuts for the remainder of the year but virtually no chance of near-term hikes.

Federal Reserve speakers scheduled for Tuesday added to the cautious optimism. While officials have signaled a data-dependent approach, the combination of cooling wholesale inflation and solid corporate outlooks has kept hopes alive for a soft landing.

Geopolitical developments continued to influence sentiment. The temporary U.S. blockade related to the Strait of Hormuz had earlier driven oil prices higher, but signs of de-escalation and potential follow-up negotiations helped stabilize energy markets. Citigroup and other firms upgraded their equity outlook citing the prospect of an eventual cessation of hostilities.

Within the Nasdaq, strength was broad but concentrated in a handful of megacap names and AI ecosystem players. Nvidia, Broadcom, TSMC-related optimism and memory stocks like Micron and Seagate have been standout performers in recent sessions, reflecting ongoing capital spending on data centers and AI training infrastructure.

Software stocks also contributed, with some analysts noting a shift toward names providing tangible productivity gains rather than speculative AI hype. The index’s longest winning streaks in recent memory have been powered by a mix of established tech leaders and selective growth names.

Smaller tech and growth stocks showed mixed results, with the Russell 2000 lagging the Nasdaq as investors favored liquidity and proven business models amid uncertainty.

Looking ahead, investors will parse a steady stream of earnings this week, including results from major banks like JPMorgan Chase, Wells Fargo and Citigroup, as well as industrial and consumer names. Guidance on loan demand, trading revenues and cost management will offer clues about the health of the broader economy.

Tech earnings later in the season, particularly from leaders in semiconductors and cloud computing, will be closely watched for updates on AI capital expenditure trends. Any acceleration in data center buildouts or upward revisions to revenue forecasts could provide fresh fuel for the Nasdaq.

Valuations remain elevated by historical standards, but many analysts argue they are justified by superior growth prospects in artificial intelligence, cloud adoption and digital transformation. Forward price-to-earnings ratios for the Nasdaq-100 have moderated slightly from peaks but still reflect premium pricing for future cash flows.

Risks persist. A prolonged Middle East conflict could push energy costs higher, squeezing margins and reigniting inflation worries. Supply chain disruptions or slower-than-expected AI monetization could also weigh on sentiment. On the policy front, any surprise shift in Fed rhetoric toward tighter policy would likely pressure growth stocks disproportionately.

Despite these headwinds, the prevailing narrative Tuesday centered on resilience. The market’s ability to shrug off recent shocks and focus on fundamentals has encouraged bulls, with some strategists arguing the Nasdaq could test or surpass previous highs if earnings deliver.

The index’s recovery also highlights the enduring appeal of U.S. technology leadership. From AI chips to enterprise software, American companies continue to dominate innovation cycles that drive global productivity gains.

As trading progresses, volume has been respectable, signaling genuine participation rather than thin holiday-like action. Options activity and futures positioning suggest traders are positioning for continued volatility but with a constructive bias.

Broader market breadth has improved modestly, though the Nasdaq’s gains remain top-heavy. Rotation into financials and select cyclicals has provided some balance, preventing an overly narrow rally.

For individual investors, the message from Tuesday’s action is one of cautious participation. While the Nasdaq’s surge reflects optimism, disciplined risk management remains essential given the potential for swift reversals on news flow.

The coming days will test whether this rebound has legs. Strong bank earnings and continued diplomatic progress could extend the rally, while disappointing guidance or renewed geopolitical flare-ups might prompt profit-taking.

For now, the Nasdaq Composite’s climb to 23,507 demonstrates the market’s focus on long-term growth drivers even amid short-term noise. As earnings season unfolds and the geopolitical picture clarifies, investors will continue weighing the balance between opportunity in technology and the realities of a complex global backdrop.

In an era where environmental accountability is no longer optional, vehicle emissions have become a key concern for businesses and individuals alike.

The combination of stricter UK regulations and increased public understanding of emissions makes businesses maintain their emissions at lower levels for both compliance requirements and their corporate image. The condition of a vehicle’s exhaust system represents an essential element in this process, and, more importantly, the role of timely exhaust repairs.

The exhaust system functions to direct combustion gases away from the engine. It functions as a primary system which decreases dangerous emissions while it boosts engine performance and helps vehicles achieve required emission limits. The development of system faults will lead to increased emissions which create environmental harm and result in financial penalties.

The implementation of scheduled maintenance creates a vital link between commercial vehicle operations and environmental protection for companies that operate vehicle fleets and people who want to decrease their environmental impact. For cleaner emissions and a smoother drive, book exhaust repairs with Magowan Tyres today.

Why Exhaust Systems Matter More Than You Think

Contemporary exhaust systems work to decrease harmful emissions which include carbon monoxide, nitrogen oxides, and hydrocarbons. The system uses catalytic converters and oxygen sensors to transform toxic gases into safer substances which are then emitted into the atmosphere.

The systems reach their full potential when they operate at their optimal performance level. It loses its equilibrium when an exhaust pipe gets damaged, a catalytic converter stops working, or even when a small leak occurs. The result is that vehicles produce extra pollutants which harm environmental targets and break environmental regulations.

This is where regular exhaust repairs become crucial. Early problem detection protects the system from additional harm while maintaining peak performance for emission control systems.

The Business Case for Timely Exhaust Repairs

Small and medium-sized enterprises together with fleet operators face problems because their vehicles experience downtime and they must manage unplanned maintenance expenses. When people overlook exhaust problems their vehicles sustain greater damage which results in decreased engine performance and lower fuel efficiency.

Proper maintenance, regular inspections, and immediate exhaust repairs bring measurable benefits to the company:

• Improved fuel efficiency: A well-maintained exhaust system supports better engine performance, reducing fuel consumption.
• Regulatory compliance: Vehicles that fail emissions tests risk fines, penalties, or operational delays.
• Cost control: Early intervention prevents small issues from turning into costly repairs.
• Brand responsibility: Demonstrating a commitment to lower emissions aligns with modern sustainability expectations.

In a competitive market, such constructs influence operational efficiencies and reputations.

Environmental Impact and Legal Responsibility

The United Kingdom enforces tighter emission regulations throughout its cities which struggle with air quality problems. The establishment of Clean Air Zones combined with Low Emission Zones creates new requirements for businesses who must ensure their vehicles comply with established standards.

Emission test failures occur mainly because of defective exhaust systems. Regular exhaust repairs help vehicles succeed in MOT tests while it also supports environmental goals through reduced air pollution and better public health outcomes.

The organization will save money by staying ahead of compliance requirements instead of dealing with penalties and restrictions which occur after violations.

Warning Signs That Should Not Be Ignored

It is equally essential to know when you may need an exhaust repair. Few significant warning signs that you can focus on include:

• Unusual engine noise or increased exhaust sound
• Reduced fuel efficiency
• Vibrations while driving
• A noticeable drop in engine performance
• Strong fumes or unusual smells

Indeed, these set of symptoms often signify issues that may impact both emissions and safety unless an appropriate action is taken.

A Practical Approach to Emission Control

The rise of electric vehicles will continue, but internal combustion engines will persist as a major component of UK transportation systems during the next years. The most effective way to decrease emissions today requires organizations to focus on better vehicle maintenance.

The organization needs to consider exhaust repairs as an essential component of their operational plan. By ensuring systems operate as intended, businesses and individuals can achieve a balance between performance, cost-efficiency, and environmental responsibility.

The Bottom Line for Businesses and Drivers

The emission control process not only requires organizations to implement fresh technologies but also to maintain their existing systems. Exhaust systems represent a crucial element of this procedure, which requires complete operational maintenance to avoid any potential problems that can occur from system neglect.

Exhaust repairs represent an effective method for reducing emissions while maintaining compliance and enhancing vehicle performance that all drivers, fleet managers, and decision-makers should adopt. The connection between sustainability and efficiency has created a situation where organizations can achieve substantial results through their choice of maintenance practices.

President Donald Trump said the U.S.-Iran war is “very close” to an end as hostilities ease amid a two-week ceasefire agreement.

“I think it’s close to over, yeah. I view it as very close to being over,” Trump told FOX Business anchor Maria Bartiromo in an interview that will air on “Mornings with Maria” on Wednesday.

The president’s comments come as peace talks between U.S. officials and Iranian negotiators are reportedly expected to restart Thursday following stalled weekend talks in Pakistan.

On Monday, Trump instituted a naval blockade of all Iranian ports, marking a fresh intensification of the conflict after the U.S. agreed to stop bombing Iran last week.

FORMER TREASURY SECRETARY WARNS IRAN CONFLICT AND ‘TRUST DEFICIT’ COULD DERAIL US-CHINA MEETING

A view of a residential area affected during the United States-Israeli military operations in the city of Karaj in Alborz province, several kilometers west of Tehran, Iran, on April 3, 2026. The area was struck on March 9. (Morteza Nikoubazl/NurPhoto via Getty Images / Getty Images)

Despite Trump saying the war is nearing an end, he also said the U.S. is not done.

“If I pulled up stakes right now, it would take them 20 years to rebuild that country. And we’re not finished,” he said. “We’ll see what happens. I think they want to make a deal very badly.”

Vice President JD Vance and senior White House officials held negotiations with Iranian officials over the weekend in Pakistan regarding Tehran’s nuclear program and enrichment plans.

TRUMP’S IRAN CEASEFIRE ROCKED WITHIN HOURS AMID REPORTED MISSILE, DRONE ATTACKS

The talks reportedly produced no breakthrough, although Vance said Monday “a lot of progress” was made and that Iran holds the deciding hand in what comes next in the conflict.

President Donald Trump, left, considers striking Iranian nuclear sites as Middle East tensions escalate. Iran’s Supreme Leader Ayatollah Ali Khamenei, right, has rejected U.S. demands for surrender. (Getty Images / Getty Images)

“The ball is very much in their court,” Vance told “Special Report.” “You ask what happens next, I think the Iranians are going to determine what happens next.”

The Iran war began Feb. 28 when the U.S. and Israel launched coordinated strikes against Iran, killing Supreme Leader Ayatollah Ali Khamenei and effectively disfiguring the Islamic regime.

TRUMP AGREES TO 2-WEEK CEASEFIRE IF IRAN OPENS STRAIT OF HORMUZ

President Trump has boasted the degradation of Iranian leadership and military capacities, frequently declaring that U.S. forces “decimated” the Tehran’s military capabilities.

Thirteen U.S. servicemembers and thousands across the Middle East have been killed in the conflict.

President Donald Trump waves to the media after walking off of Air Force One at Miami International Airport on April 11, 2026 in Miami, Florida (Tasos Katopodis/Getty Images / Getty Images)

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Trump justified his entrance into Middle East conflict, telling “Mornings with Maria” it was necessary to disarm Iran’s nuclear capabilities.

“I had to divert because if I didn’t do that, right now, you’d have Iran with a nuclear weapon,” Trump said. “And if they had a nuclear weapon, you’d be calling everybody over there ‘sir,’ and you don’t want to do that.”

Tune in to “Mornings with Maria” on FOX Business Wednesday at 6 am ET to see the full interview with President Trump.

NEW YORK — Bitcoin climbed above $75,000 on Tuesday, gaining more than 1% to trade around $75,249.84 as investors shrugged off lingering Middle East tensions and embraced signs of de-escalation in U.S.-Iran relations along with steady institutional buying through spot exchange-traded funds.

The world’s largest cryptocurrency rose $807.61, or 1.08%, by 3:39 p.m. UTC, extending a sharp rebound from earlier in the week when prices dipped amid uncertainty over a U.S. naval blockade in the Strait of Hormuz. The move pushed Bitcoin firmly above the psychologically important $75,000 level, a threshold it had tested but failed to hold consistently in recent sessions.

Analysts attributed the surge to a combination of technical short-covering, a weakening U.S. dollar and renewed risk appetite as diplomatic signals suggested progress toward easing the conflict that had rattled energy markets and global equities. Oil prices eased modestly Tuesday, relieving some pressure on broader risk assets and allowing Bitcoin to reclaim ground lost during the weekend dip below $71,000.

“This rebound shows Bitcoin’s growing role as a hedge that can benefit from both risk-on sentiment and its scarcity narrative,” said one crypto strategist at a major Wall Street firm. “When geopolitical fears ease even slightly, capital flows back into high-beta assets like BTC.”

The rally triggered significant liquidations in the derivatives market, with more than $541 million in crypto positions wiped out in the past 24 hours, the majority of them short bets against Bitcoin. Short sellers absorbed roughly $440 million in losses, amplifying the upward momentum as leveraged positions unwound.

U.S. spot Bitcoin ETFs continued to provide a structural tailwind. Cumulative inflows into the products have now exceeded $53 billion since their 2024 launch, far surpassing initial projections. Recent daily inflows have remained positive even during periods of volatility, with institutions including BlackRock, Fidelity and ARK Invest adding hundreds of millions in recent sessions. On one standout day earlier in April, the ETFs recorded nearly $471 million in net purchases, underscoring persistent institutional conviction despite macroeconomic headwinds.

Bitcoin’s performance Tuesday aligned with a broader recovery in risk assets. The Nasdaq Composite also advanced, reflecting renewed optimism that corporate earnings and artificial intelligence spending could outweigh near-term geopolitical or inflationary risks. Ethereum rose alongside Bitcoin, gaining over 8% in some sessions earlier Tuesday, while the total crypto market capitalization added roughly $115 billion in a single day.

The latest price action comes after a choppy start to April 2026. Bitcoin opened the month near $71,000 following a ceasefire-related bounce in early April, but tensions reignited with reports of the U.S. blockade, briefly pressuring prices toward the low $70,000s. Optimism around potential peace talks, including comments from administration officials about “progress” in negotiations, helped reverse the sentiment.

Market observers noted that Bitcoin has demonstrated resilience during the conflict period. While traditional safe havens like gold faced pressure in certain phases, Bitcoin often moved with risk assets, rising on hopes of resolution and holding support levels during spikes in oil prices. Some analysts described it as behaving more like a “tech-growth proxy” in the current environment than a pure inflation hedge.

Institutional adoption remains a core driver. Spot Bitcoin ETFs have absorbed billions in 2026 alone, with first-quarter inflows estimated around $12 billion to $18 billion globally for crypto ETPs. This demand has helped offset selling from miners and early holders while creating a steady bid under the market. Morgan Stanley’s recent launch of its own Bitcoin trust further signals growing acceptance among traditional financial giants.

Regulatory developments also factored into sentiment. Progress on crypto-friendly legislation, including discussions around the CLARITY Act, has kept long-term bulls engaged. Pro-crypto policies under the current administration continue to contrast with earlier uncertainty, providing a supportive backdrop even as the Federal Reserve maintains a cautious stance on interest rates.

The Fed’s data-dependent approach has left markets pricing in limited rate cuts for the remainder of 2026, with some traders even contemplating the possibility of no cuts or modest hikes if inflation reaccelerates due to energy costs. Producer price data released this week showed tame increases, helping ease those concerns and supporting growth assets.

Technically, Bitcoin faced resistance near the upper Bollinger Band after its quick surge to the $74,000-$75,000 zone. Stochastic indicators flashed overbought readings, suggesting the possibility of a near-term pause or consolidation. However, sustained volume — with Binance spot trading alone exceeding $1.9 billion in recent sessions — pointed to genuine buying interest rather than purely speculative momentum.

Looking ahead, investors will watch several catalysts. Any concrete breakthroughs in U.S.-Iran talks could further boost risk appetite. Upcoming corporate earnings from tech and financial giants may reinforce the narrative of economic resilience. On the crypto-specific front, continued ETF inflows and potential updates on tokenized assets or Layer-2 scaling solutions could provide fresh fuel.

Longer-term, the post-2024 halving supply dynamics continue to play out. With the block reward at 3.125 BTC and the next halving not due until 2028, new Bitcoin issuance remains constrained. Combined with institutional accumulation, this scarcity thesis underpins many bullish forecasts that see Bitcoin testing $80,000 or higher in the coming months if macro conditions stabilize.

Challenges persist. Prolonged conflict or renewed energy shocks could weigh on liquidity and risk sentiment. April tax-related selling has historically created headwinds, though institutional flows appear to have mitigated that effect so far this year. Volatility remains elevated, with Bitcoin capable of sharp swings on headline news.

Broader crypto market breadth improved Tuesday, though gains remained concentrated in major assets. Altcoins showed selective strength, but many smaller tokens lagged as investors favored established names with deeper liquidity.

For retail and institutional participants alike, the message from Tuesday’s action was one of cautious optimism. Bitcoin’s ability to push through $75,000 despite recent macro noise highlights its maturing status as an asset class. Yet disciplined position sizing remains essential given the potential for rapid reversals.

As the week progresses, focus will shift to whether this rebound can sustain or if profit-taking will emerge near key resistance levels. Stronger-than-expected earnings or clearer diplomatic progress could extend the rally, while any escalation in the Middle East or hawkish Fed commentary might prompt a pullback.

Bitcoin’s climb to $75,249 demonstrates the market’s focus on long-term structural drivers — institutional adoption, supply scarcity and Bitcoin’s evolving role in portfolios — even amid short-term geopolitical noise. With ETF demand showing no signs of abating and global liquidity conditions still accommodative overall, many analysts maintain constructive outlooks for the remainder of 2026.

Whether this surge marks the start of a sustained move toward new highs or another volatile chapter in Bitcoin’s journey will depend on the interplay of macro developments and continued capital inflows. For now, the cryptocurrency is once again flashing its potential as a high-conviction bet on technological and financial innovation.

Disney confirmed that it would be laying off 1,000 employees across the company on Tuesday.

“Over the past several months, we have looked at ways in which we can streamline our operations in various parts of the company to ensure we deliver the world-class creativity and innovation our fans value and expect from Disney,” CEO Josh D’Amaro wrote in a memo obtained by Fox News Digital.

He continued, “Given the fast-moving pace of our industries, this requires us to constantly assess how to foster a more agile and technologically-enabled workforce to meet tomorrow’s needs. As a result, we will be eliminating roles in some parts of the company and have begun notifying impacted employees.”

WHO IS DISNEY’S NEXT CEO, JOSH D’AMARO?

Josh D’Amaro sent out an employee memo on Tuesday confirming the layoffs. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

A source familiar with the matter confirmed that approximately 1,000 employees across film and TV divisions, including ESPN, as well as the product and technology divisions, will be terminated along with “certain corporate functions.”

Additional articles have suggested that Marvel Studios, which Disney acquired in 2009, faced the brunt of these layoffs, with approximately 8% of the company being let go, particularly in the visual effects department. Fox News Digital reached out to Disney for comment on the impact of the layoffs at Marvel Studios. 

DISNEY CEO DEFENDS MASSIVE AI DEAL, SAYS CREATORS WON’T BE THREATENED

This announcement marks D’Amaro’s first major company move since becoming CEO in March. Prior to his promotion, D’Amaro served as chairman of Disney Parks, Experiences and Products.

The layoffs were D’Amaro’s first major company change since becoming Disney CEO last month. (Gerardo Mora/Getty Images / Getty Images)

Layoffs are not new to the house of Mickey Mouse. D’Amaro’s predecessor, Bob Iger, announced a series of layoffs across the company after he resumed his position as CEO in 2022.

DISNEY DROPS TWO DEI PROGRAMS IN LATEST SEC FILING AS INVESTORS PRESSURE COMPANY TO DO MORE

By 2023, Iger had reduced the Disney workforce by approximately 7,000 employees and consolidated the company under three segments: Entertainment, ESPN, and Parks, Experiences and Products.

Former Disney CEO Bob Iger previously laid off 7,000 employees in 2023. (Gary Hershorn/Getty Images / Getty Images)

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As of late 2025, according to the company’s fiscal year reporting, Disney had about 231,000 employees.