Jaguar Land Rover is recalling nearly 2,300 electric SUVs in the U.S. over concerns that a high-voltage battery may overheat, increasing the risk of fire, the National Highway Traffic Safety Administration (NHTSA) announced on Tuesday.

The recall impacts 2,278 Jaguar I-Pace vehicles from the 2020–2021 model years.

“As an interim repair, the battery software will be updated by a dealer, or through an over-the-air (OTA) update to limit the state of charge to 90%” the NHTSA said, according to Reuters, adding that the final remedy is currently under development.

BMW RECALLS NEARLY 90,000 VEHICLES OVER ENGINE STARTER FIRE RISK

There will be no charge to vehicle owners for the interim repair, the recall report said.

Customers can monitor their vehicle’s charging with the latest version of the Jaguar Remote App or inside the vehicle, according to the report, which says owners should physically stop charging by unplugging the cable when it reaches a 90% state of charge.

Vehicle owners are urged to park outside and away from structures and to charge outside if possible.

“Vehicles have experienced thermal overload, which may show as smoke or fire, that may occur in the high voltage traction battery pack. The investigation is ongoing,” the report reads.

Investigations pointed to a “folded anode tab” in battery cells produced at an LG Energy Solution facility in Poland, which can lead to short-circuiting.

CHRYSLER RECALLS MORE THAN 450,000 VEHICLES OVER BRAKE LIGHT FAILURE

GET FOX BUSINESS ON THE GO BY CLICKING HERE

“Modules that were identified by the remedy software as having characteristics of a folded anode tab, which may contribute to a risk of thermal overload, are still being inspected by the supplier,” it added.

Notification letters are expected to be mailed to affected owners starting April 3.

A top official involved in the Trump administration’s new AI “Tech Force” initiative offered a glimpse inside the White House’s push to place AI engineers inside federal agencies and overhaul how the federal government uses technology.

“This is a public-private partnership where we’re going to bring a thousand great engineers into government to help us complete the modernization that is so important to our American people and so important to making sure that technology is a first-class citizen inside of government,” Scott Kupor, Office of Personnel Management director, said Tuesday on “Varney & Co.“

With help from companies such as Microsoft, Palantir, Salesforce and Snowflake, Kupor said the initiative is designed to embed engineers across major federal agencies rather than centralizing them in a single office, allowing technologists to work directly on modernization efforts at departments including the Treasury Department, the Department of Health and Human Services and the Department of War.

TRUMP ADMIN REUNITES WITH ELON MUSK IN PURSUIT OF AI DOMINANCE: ‘BENEFIT OF THE COUNTRY’

Palantir, for one, already plays a key role in integrating artificial intelligence into the Department of War, Kupor noted, pointing to the company as an example of how advanced technology can be deployed effectively inside government.

“Palantir is no doubt a leader in that area, and what we want to do is make sure that other parts of technology, other parts of AI get into government,” he explained. 

CHEVRON CEO DETAILS STRATEGY TO SHIELD CONSUMERS FROM SOARING AI POWER COSTS

“Today, what happens is we have a very heavy reliance on contractors and consultants, as you may know. We don’t have as much homegrown talent in core AI, modern software development, and Tech Force is really intended to make sure that the government can be a first-class citizen and attract those types of individuals, just like Palantir has done in the government, but we also want to make sure that talent is resident in government long-term.”

Kupor said the engineers brought in through Tech Force will be placed directly inside agencies and supported through a structured program that includes professional development, a speaker series and engagement with private-sector partners.

He said applications for the initiative are already coming in, with the administration expecting to begin making offers within the next 30–45 days.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

At the end of the program, many workers are expected to move into private sector roles, taking with them experience gained working inside the federal government.

“The whole goal is, agency by agency, [to] figure out what are all the major modernization efforts and how do we make technology, how do we make AI really important to the American people?” he said.

Operator

Thank you to everyone for joining Robinhood’s Q4 and Full Year 2025 Earnings Call, whether you’re tuning into the live stream or here with us in person. With us today are Chairman and CEO, Vlad Tenev; CFO, Shiv Verma; and VP of Corporate Finance and Investor Relations, Chris Koegel.

Vlad and Shiv will offer opening remarks and then open the call to Q&A. During the Q&A portion of the call, we will answer questions from the audience, which includes institutional research analysts, finance content creators, who may hold an ownership position in Robinhood and both institutional and retail shareholders.

As a reminder, today’s call will contain forward-looking statements. Actual results could differ materially from our current expectations, and we may not provide updates unless legally required. Potential risk factors that could cause differences, including regulatory developments that we continue to monitor are described in the press release we issued today, the earnings presentation and our SEC filings, all of which can

Target on Monday took steps toward streamlining its retail model by putting more money toward frontline store employees while cutting about 500 office and supply chain jobs.

The retail giant indicated in an internal memo seen by FOX Business that it will reduce the number of store districts – which are regions that Target stores are grouped into – to facilitate payroll for more workers and hours, as well as guest experience training for store staff. The news was first reported by CNBC.

Target’s layoff plans are expected to impact about 100 people at the store district level and about 400 across the company’s supply chain sites, according to the internal email sent to employees by Chief Stores Officer Adrienne Costanzo and Chief Supply Chain and Logistics Officer Gretchen McCarthy.

“We have already shared the news with team members directly impacted, and we’ll be supporting them through this transition with a range of resources and benefits,” the memo said.

TARGET’S NEW CEO TAKES OVER AMID SLUMPING SALES, UNREST IN MINNEAPOLIS

The change “fuels our ability to put significantly more payroll in our stores – primarily in additional labor and hours where needed most, but also in new guest experience training for every team member at every store,” the executives wrote.

The announcement does not change the starting pay for workers, according to a Target spokesperson, who declined to specify the amount of money being invested in the stores.

Target CEO Michael Fiddelke, who moved into the top job earlier this month, indicated in October that the company would cut about 1,800 corporate roles as the big box retailer undergoes its first major layoff in nearly a decade.

TARGET BETS ON $5B STORE REVAMP PLAN TO REVIVE SALES

Ticker	Security	Last	Change	Change %
TGT	TARGET CORP.	113.23	-2.29	-1.98%

Fiddelke is hoping to lead a successful turnaround effort that will drive growth at Target, as the retailer’s sales have slumped over the last several years.

On Tuesday, the company announced changes at the executive level. Cara Sylvester was named chief merchandising officer and Lisa Roath was appointed chief operating officer. 

Fiddelke said in a memo to employees after taking charge that his priorities will include sharpening Target’s merchandise mix while improving stores and the retailer’s website to make shopping easier and more appealing.

TARGET SLASHES PRICES ON THOUSANDS OF ITEMS IN BID TO REVIVE SLIPPING SALES

Fiddelke also said the company plans to use technology to streamline operations and personalize the customer experience, and indicated the company plans to invest more in its employees and strengthen ties to communities where it operates.

“Priority 1 through 10 is accelerating Target’s growth,” Fiddelke said in an emailed statement to FOX Business earlier this month, adding that the company is “moving with urgency and focus.”

GET FOX BUSINESS ON THE GO BY CLICKING HERE

FOX Business’ Daniella Genovese and Reuters contributed to this report.

President Donald Trump said the U.S. should have the “lowest interest rates in the world” and argued that rate cuts would significantly reduce federal borrowing costs during an interview Tuesday on FOX Business’ “Kudlow.”

“This country should have the lowest interest rates in the world,” Trump told host Larry Kudlow. “We keep the world going.”

Trump tied interest rates to government interest expenses, saying that changes of a few points could significantly alter federal finances.

DOW CLOSES ABOVE 50,000 FOR FIRST TIME

“Every point is $600 billion,” Trump said. “All he has to do if we went down two points, we don’t have a deficit anymore,” he claimed.

Market milestone

Trump also pointed to recent market milestones as evidence of economic strength, telling Kudlow he remembers predictions that the Dow Jones Industrial Average reaching 50,000 would be considered a “miracle” by the end of a presidential term.

“I remember when I first won, they said if he gets the Dow up to 50,000 by the end of his fourth year, he will have done miracles,” Trump said. “And we’re at the end of the first year.”

Trump added, “We’ve had a very good run, and we want to keep it going.”

INSIDE THE TRUMP ADMINISTRATION’S AI ‘TECH FORCE’ DESIGNED TO MODERNIZE THE GOVERNMENT

Trump credited falling energy prices for easing costs, telling Kudlow he recently saw gas prices as low as $1.85 in Iowa and saying prices in other parts of the country had “broken $2 a gallon.”

“And that’s like a major tax cut,” Trump said.

In the interview, Trump pushed back on the idea that strong growth should automatically prompt tighter monetary policy, arguing that markets and policymakers react negatively to inflation concerns.

“We’re old enough to remember when the stock market, when there was good news, the market went up and was bad news, the market went down,” Trump said. “That’s the way it should be.”

Trump suggested that dynamic has shifted, claiming markets can fall on positive economic news because of inflation fears and expectations about rates.

NAVARRO SAYS TRUMP’S TARIFF BET DEFIED WALL STREET PANIC AS DOW SURGED PAST 50,000

“They have the yips,” Trump said, comparing the reaction to golfers who “can’t sink a three-foot putt” when they hear the word inflation. “Well, growth doesn’t mean inflation.”

“We have to go back to the old system when we have good news, the market should go up, and we have bad news, the market should go down,” Trump said, adding, “We’ll take care of inflation as it comes.”

Warsh nomination

Trump praised Kevin Warsh, his nominee connected to the Federal Reserve, in the interview’s discussion of monetary policy, saying Warsh would be influential.

“I think he’s somebody that’s going to be a real influencer,” Trump said. “I think he agrees with what I’m saying.”

Trump argued the U.S. has historically maintained comparatively low borrowing costs.

“Let’s go back again. Another 20, 25 years. We were always the lowest interest rate,” Trump said. “We used to pay like almost nothing.”

FED’S POWELL EITHER CORRUPT OR INCOMPETENT WITH BUILDING PROJECT, TRUMP TELLS KUDLOW

He then contrasted that with today, claiming, “Now we’re like number 38 because we have had stupid people running our country.”

Switzerland tariffs

Trump illustrated his view by recounting a dispute with Switzerland, which he said benefited from low tariffs and trade imbalances with the United States.

“We had an incident with a very nice country, Switzerland,” Trump said. “They were paying no tariffs, sending stuff over here like nobody could believe. And we had a $42 billion deficit and we weren’t taking anything.”

“I said, ‘You may be a small country, but we have a $42 billion deficit with you,’” he added.

Trump said he initially imposed a 30% tariff on Swiss imports before later raising it to 39% following pushback from Swiss officials.

The U.S. later agreed to lower tariffs on certain Swiss goods to 15% from 39% under a trade framework announced last year, Reuters reported.

In a wide-ranging exchange with Kudlow, Trump sharply criticized Federal Reserve Chair Jerome Powell, arguing rates should be lower.

GET FOX BUSINESS ON THE GO

“He’s so bad that, I mean, interest rates should have been cut. We should be two points lower,” Trump said.

Kudlow closed the interview by thanking the president for his time.

With markets moving at lightning speed, flooded with updates, alerts, finfluencers, and chatter, Warren Buffett’s famous observation feels like a timely and much-needed reminder. His words highlight a simple yet powerful truth about investing: Success often depends less on how frequently you trade and more on how long you can stick to a well-thought-out strategy.

Today, every market move is tracked, earnings reports reviewed, and geopolitical events quickly connected to potential market impact. The temptation to react—to buy, sell, or reshuffle portfolios at the first sign of volatility—is ever-present. Yet Buffett’s message reminds investors to cut through the noise and focus on the long game.

When investing is driven by short-term swings, emotions often take over. Fear can prompt premature selling, while excitement or FOMO during rallies may lead to chasing overpriced stocks. Over time, such behavior erodes returns and increases transaction costs, taxes, and stress, all of which undermine long-term wealth creation.

Patience, on the other hand, lets compounding work its magic. Strong businesses rarely grow in a straight line — earnings and competitive advantages build over years, not weeks, and market leadership evolves gradually, not overnight.

Investors who remain patient give quality companies with strong fundamentals the time to execute, expand market share, and enhance profitability. This long-term mindset often distinguishes consistently successful investors from those who struggle.

Buffett’s quote also underscores the psychological advantage patience provides. Markets reward those who stay calm amid uncertainty. Whether facing an economic slowdown, interest rate changes, political developments, or sudden market corrections, patient investors focus on fundamentals rather than reacting to every headline.
In the present day and age, Buffett’s words are a timely reminder that investing is not a sprint. The ability to wait, stay disciplined, and trust a well-thought-out strategy often separates average outcomes from exceptional results. Patience is not about doing nothing, it is a deliberate choice that fuels long-term financial success.

Cheltenham and Gloucester councils announced the preferred bidder last year and were targeting January for sale completion

Concerns are mounting the disposal of Gloucestershire Airport is “dragging on and on” following a missed January completion target. Cheltenham Borough Council and Gloucester City Council are currently selling the jointly-owned aerodrome in Staverton.

Their chosen bidder is Horizon Aero Group, and council leaders had established a January deadline to finalise the transaction. However, February has arrived and the disposal remains incomplete.

Council leaders revealed in July last year their intended buyer for the 375-acre facility.

Yet finalisation of the sale, which was agreed at a figure exceeding the £25m guide price, has encountered setbacks and conjecture has emerged that the agreement may be experiencing difficulties.

Both authorities released a joint statement a fortnight ago confirming they are in the concluding phases of fulfilling the legal obligations for the proposed disposal.

Nevertheless, Labour councillor Terry Pullen (Moreland) is amongst those expressing unease about the hold-ups.

He said: “I’m seriously worried as the sale of Gloucestershire Airport is dragging on and on.

“In September I was told by the Leader of the Council that it would be sold by Christmas but that never happened. At the beginning of January, I was assured that the sale would be completed by the end of the month, but now that deadline has passed too.

“I am beginning to wonder if the sale of the airport will ever be completed as deadline after deadline passes and the airport remains unsold.”

He said he will request an update at this week’s cabinet meeting and “will be interested to see what excuses” he receives this time.

“The council is currently asking the government for a bailout of £15.5 million and I understand that funds from the airport sale will be needed to go towards paying off that debt,” he added.

“As far as I am aware there is no plan B for the airport and if it isn’t sold no one seems to know what will happen next. I will be interested to see what the council leader has to say about that.”

On January 28, both councils issued a joint statement saying that the sale of an airport is an “extremely complex undertaking and naturally takes time”. They confirmed all parties are working towards completion of the sale.

“We are now in a position to move toward completing the deal, and we anticipate bringing the process to a conclusion shortly,” they said.

“Communication with the Horizon Group remains constructive and will be crucial as all parties continue to work collaboratively towards the completion of the sale.”

A spokesperson for both councils informed the Local Democracy Reporting Service this week that this remains their stance and they will provide further updates when suitable.

Multiple airlines on Monday suspended flights to Cuba following warnings that the island is running low on jet fuel in the wake of President Donald Trump’s tariff threats on oil shipments to the communist country.

At least three Canadian carriers, including the country’s largest airline, Air Canada, said aviation fuel is expected to be unavailable for commercial use at airports starting this week.

Other Canadian airlines, including low-cost carrier WestJet and leisure airline Air Transat, also canceled flights due to anticipated fuel shortages.

Cuban authorities issued a notice Sunday stating that aviation fuel will be unavailable at the country’s airports for one month, until March 11 at the earliest, as the Trump administration steps up economic pressure on the island nation’s third-party oil suppliers.

TRUMP DECLARES NATIONAL EMERGENCY OVER CUBA, THREATENS TARIFFS ON NATIONS THAT SUPPLY OIL TO COMMUNIST REGIME

On Monday, all three carriers issued similar notices canceling departures and announcing plans to operate repatriation flights over the coming days to retrieve customers currently in Cuba. 

“Effective today it is suspending its service to Cuba due to an ongoing shortage of aviation fuel on the island,” Air Canada said. “Over the following days, the airline will operate empty flights southbound to pick up approximately 3,000 customers already at their destination and return them home.”

While WestJet said it will ensure its flights carry sufficient fuel to “safely depart without reliance on local fuel availability,” Air Canada said its repatriation flights will arrive empty and make technical stops as necessary to refuel on the journey back.

Air Transat added that it will suspend flights to Cuba through April 30, and refund customers whose trips that have not yet begun.

TRUMP SAYS CUBA IS ‘READY TO FALL’ AFTER CAPTURE OF VENEZUELA’S MADURO

Multiple U.S. airlines told FOX Business that American operations to the island will continue without major disruptions.

Southwest and Delta Air Lines noted that the air carriers are currently operating one flight per day to and from Havana. 

“Due to the current status of aviation fuel in Cuba, Southwest Airlines is requiring aircraft that fly to Havana to carry enough fuel to also fly to their next destination,” the air carrier said. “The airline currently operates one flight daily to Havana. Nothing is more important to Southwest than the Safety of our Customers and Employees.”

Delta confirmed that its scheduled daily roundtrip between Miami and Havana remains unaffected by the fuel shortage, as the short route can be operated without carrying excessive fuel.

The island’s notice of a fuel shortage comes just two days after Cuban officials reportedly said air travel would not be immediately affected by the country’s fuel rationing plan announced over the weekend.

According to Cuban media outlet Grito de Baire, Cuba’s Minister of Transportation Eduardo Rodríguez Dávila said international airports is operating without difficulty. 

AFTER MADURO, VENEZUELA FACES HARD CHOICES TO REBUILD ITS SHATTERED ECONOMY

Reuters added that the Cuban Aviation Corporation published a statement Monday morning saying: 

“We continue working tirelessly to ensure the safety, fluidity, and order of the airspace, supporting airline operations and ensuring that aviation in Cuba maintains the levels of reliability that characterize us.” 

Last month, Trump intensified economic pressure on Cuba by declaring a national emergency via an executive order in which he accused the country’s communist regime of aligning with hostile foreign powers and terrorist groups while moving to punish countries that supply it with oil.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

The Jan. 29 executive order, which called the Cuban government “an unusual and extraordinary threat” to the U.S. and aims to protect American national security, has effectively crippled Cuba’s energy infrastructure by prompting major foreign partners, such as Venezuela and Mexico, to halt shipments to the island.

“The United States has zero tolerance for the depredations of the communist Cuban regime,” Trump said in the order, adding that the administration will act to hold the regime accountable while supporting the Cuban people’s aspirations for a free and democratic society.

FOX Business reached out to the White House and American Airlines for more information.

Fox News Digital’s Jasmine Baehr and Reuters contributed to this report.