2025 Corvette ZR1 comes with 1,000hp and possibly, a steep price tag
See what’s clicking on FoxBusiness.com Chevrolet has officially unveiled the new Corvette ZR1, which boasts an impressive amount of horsepower. The General Motors-owned brand announced Thursday that the 2025 Corvette ZR1 sports car will produce an astounding 1,064 horsepower. That’s thanks to a 5.5-liter “twin-turbocharged, DOHC, flat-plane crank V8 engine” that Chevrolet describes as “the […]
SEC and DOJ charge famed short seller in $16M stock manipulation scheme
See what’s clicking on FoxBusiness.com Federal prosecutors on Friday charged prominent short seller Andrew Left with fraud, accusing him of using his vast following to manipulate the stock market. Stock Market And he made at least $16 million in illegal profits. of Securities and Exchange Commission It also filed charges against Left and his company, […]
Major Airline Ends Decades-Long Tradition With Huge Policy Shakeup
Southwest Airlines announced a major policy change Thursday, abandoning their nearly 60-year-long tradition of letting passengers choose their own seats onboard the aircraft. Southwest will now follow suit with other major airlines and will begin assigning seats to passengers, according to a press release. The new policies are “designed to elevate the Customer experience, improve […]
Ohio high court rules, boneless wings can contain bones
On “Varney & Co.”, “The Big Money Show” co-host Brian Bremberg shows how inflation under President Biden has made life more unaffordable for Americans. In a split decision, the Ohio Supreme Court ruled Thursday that consumers shouldn’t expect boneless wings to be boneless. The 4-3 decision came after a restaurant patron sued after choking on […]
Credit Card Delinquencies Reach Grim Milestone As Inflation Continues To Crush Americans
Credit card delinquencies reached the highest level since at least 2012 as Americans continue to grapple with high inflation and interest rates, according to a report from the Federal Reserve Bank of Philadelphia published Wednesday. At the end of March, 2.59% of credit card balances were more than 60 days overdue, more than double the […]
Former Solicitor General Paul Clement joins Coinbase board
See what’s clicking on FoxBusiness.com The rapid growth of the $2 trillion cryptocurrency industry is attracting the attention of experienced lawyers. Former Attorney General under the Bush Administration and veteran Supreme Court lawyer Paul Clement will join the board of directors of Coinbase, the largest cryptocurrency exchange in the United States, FOX Business reports. Clement […]
Albertsons and Kroger agree to pause merger amid legal, regulatory challenges
The FTC’s competition chief speaks on “The Claman Countdown” about the lawsuit to block the Kroger-Albertsons merger. Kroger and Albertsons The two companies agreed on Thursday to temporarily halt their proposed $25 billion merger while regulators take legal action to block the deal. The two companies Merger Pending The lawsuit filed by Colorado is proceeding. […]
Chinese Officials Reportedly Urged American Execs To Carry China’s Water
Chinese officials called on a group of U.S. business executives to improve perceptions of China and warned that investment restrictions could hurt their business interests in the country during a recent trip to the country, according to The Associated Press. Representatives of the U.S.-China Business Council (USCBC) — a private nonprofit composed of more than […]
Pro-CCP Billionaire To Benefit From $208 Million Biden Admin Grant
A Chinese billionaire and senior Chinese Communist Party (CCP) member is set to benefit from a massive award recently approved by the Biden administration, the Washington Free Beacon reported. Chinese auto magnate Li Shufu, through his firm Zhejiang Geely Holding Group, is the second-largest shareholder in Volvo Group, which the Department of Energy (DOE) will […]
Tesla’s quarterly results miss estimates after price cuts hit bottom line
Constellation Research founder R Ray Wang analyzes Tesla and Google at Varney & Co. Tesla Inc. on Tuesday reported second-quarter profit margins that fell short of analysts’ expectations as the company ramps up efforts in self-driving technology while price cuts and incentives to stimulate sluggish demand continued to weigh on profits. Tesla’s second-quarter auto gross […]