Amazon in talks to offer free mobile services to Prime members: Report
Ark invests Kathy Wood predicts Amazon will have more robot workers than humans by 2030. A new report says Amazon is looking into the possibility of offering free or low-cost mobile services to Prime members. The Amazon shop logo can be seen in this photo illustration taken in Warsaw, Poland, May 31, 2023. (Photo credit: […]
Electric truck maker Nikola may do reverse stock split to prevent delisting
Check out what’s being clicked on FoxBusiness.com Electric truck maker Nikola may move to prevent the Nasdaq from delisting its shares. A reverse stock split is being considered to meet the minimum bid price requirement over a period of time, said CEO Michael Raescherer. Nikola stock closed Thursday at about 57 cents. The company is […]
Lululemon Athletica boosts outlook sending shares higher
Check out what’s being clicked on FoxBusiness.com Lululemon Athletica has raised its full-year revenue and profit forecasts on strong sales of expensive activewear. Shares rose 13% in extended trading. Contributing to the better-than-expected quarterly results were lower air freight costs, tighter inventory management and a strong recovery in China. Since the pandemic, the move to […]
Airbnb files suit against NYC, challenging short-term rental law
air Airbnb co-founder and CEO Brian Chesky reveals what’s behind the travel downturn and how the company can benefit from artificial intelligence in ‘The Krumman Countdown’ talk about what you can do. The New York City Mayor’s Office of Special Enforcement has been hit with a lawsuit against short-term rental laws by rental platform Airbnb. […]
JPMorgan closing 25% of First Republic Bank branches
Rep. Roger Williams (R-Tex.) discusses the collapse of First Republic Bank, the response of the Treasury Department, Biden’s new mortgage rules, and the imminent threat of Title 42 expiring. JPMorgan Chase & Co. plans to close about a quarter of its recently acquired First Republic Bank branches by the end of the year, a JPMorgan […]
Target shares hit three-year low, JPMorgan downgrades stock
In “The Bottom Line,” former Trump campaign manager Kellyanne Conway discusses how America’s biggest companies can target conservative consumers. Target shares fell further on Thursday amid more trouble for retailers. Stocks are nearing a three-year low, but they are on their longest losing streak in 23 years and headed for a tenth straight period of […]
Elon Musk reclaims spot as world’s richest man
Former Arkansas Gov. Mike Huckabee discusses Elon Musk in “The Bottom Line,” saying suppressing talk about Hunter Biden’s laptop is election interference. Elon Musk is once again the world’s richest man, according to the Bloomberg Billionaires Index released Wednesday. Musk is worth an estimated $192 billion, according to the index, ahead of LVMH CEO Bernard […]
Bud Light backlash to boost Truly, seltzers: analyst
FOX Business’s Lydia Hu reports on the impact of Bud Light’s controversial partnership with transgender influencer Dylan Mulvaney. The backlash from consumers at Bud Light’s parent company Anheuser-Busch in recent weeks may ultimately help Boston Beer Company’s Truly and other seltzers. Indeed, the loss of market share for Bud Light, which the Massachusetts-based company launched […]
Salesforce shares fall despite better-than-expected earnings
Check out what’s being clicked on FoxBusiness.com Salesforce reported better-than-expected results last quarter. The company says it has curtailed spending on cloud-based software products amid uncertain economic conditions. Salesforce shares fell more than 5% in extended trading. Shares are up more than two-thirds this year, hitting a nearly 16-month high in regular trading on Wednesday. […]
Jaguar recalls I-Pace electric vehicles due to fire risk in batteries
Check out what’s being clicked on FoxBusiness.com If you own a Jaguar I-Pace electric SUV, the automaker recommends parking it outdoors. Jaguar has recalled more than 6,000 vehicles in the United States due to the risk of high-voltage battery fire. Document posted on Wednesday U.S. Highway Traffic Safety Administration The recall applies to all SUVs […]
