U.S. House expected to uphold Biden veto preserving SEC accounting rule
Commodity Futures Trading Commissioner Caroline Pham explained that creating a regulatory framework for cryptocurrencies is a “top priority.” of Biden Administration It is on the brink of scoring an important victory in policing cryptocurrencies. A resolution to remove regulatory obstacles for traditional investment banks wanting to hold digital assets is unlikely to get enough votes […]
Fisker recalling 7,500 SUVs in US, citing issue with water pump
Fisker founder and CEO Henrik Fisker explains how the company is solving the EV range problem in “Cavuto: Coast to Coast.” More than 7,500 Fisker Ocean SUVs subject to U.S. recall Electric vehicle (EV) maker Fisker said in a recall report submitted to the National Highway Traffic Safety Administration (NHTSA) that the cabin electric water […]
Paramount-Skydance merger: what strategies execs plan to use for streaming
See what’s clicking on FoxBusiness.com After Paramount and Skydance announced they had reached a merger agreement over the weekend, executives from Skydance Media and RedBird Capital Partners revealed how they plan to approach Paramount Global’s streaming business. Executives said Monday that their approach to the direct-to-consumer business will include strategies such as improving technology and […]
What are the odds of Biden dropping out? Here’s what the betting markets say
Mark Penn, chairman of the Harris Poll and former senior adviser to Clinton, explains concerns Democrats have about Biden’s fitness to be president and who would likely succeed him. Biden has maintained he will be the Democratic nominee in 2024 despite growing calls for him to withdraw, and betting markets have been on a rollercoaster […]
LEGO unveils nearly 1,500-piece ‘JAWS’ brick set
Storch Advisors CEO Gerald Storch assesses the consumer landscape amid rising credit card delinquencies and late payments. He also discusses which retailers will thrive in the current environment. Lego last week unveiled a new plastic brick set that pays homage to the 1975 blockbuster movie “Jaws,” featuring some of the main characters, a killer whale […]
Tesla investors call for judge to reject $7 billion legal fee in Musk’s pay case
Panelists Al Root and Jack Otter discuss how Tesla shareholders voted to reinstate a roughly $50 billion compensation package on Barron’s Roundtable. Tesla shareholders are due to appear in court in Delaware on Monday to ask a judge to reject the company’s “exorbitant” demand for $7 billion in attorneys’ fees to the lawyers leading the […]
Paramount agrees to merger with Skydance
See what’s clicking on FoxBusiness.com Paramount Global and Skydance Media have agreed to combine their media companies, according to a joint statement on Sunday. The proposed merger comes after reports earlier this month of fresh talks between the two companies emerged, and after months of interest from a range of potential bidders. Paramount Global and […]
Boeing Pleads Guilty To Criminal Fraud
Boeing agreed Sunday to plead guilty to criminal fraud over its two fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. Boeing agreed that it conspired to defraud the U.S. government — a felony charge — after the U.S. Department of Justice (DOJ) accused the multinational airplane manufacturer and defense contractor of […]
Tesla, shares, Musk, Robotaxi | Fox Business
Stephen Gengaro, a managing director at Stifel, said there are “multiple layers” to Tesla and its valuation. Tesla shares have been on a positive footing this year as investors who were pessimistic about the prospects for Elon Musk’s electric car maker have changed and the company is on the brink of rolling out its long-awaited […]
Ford recalls more than 30K Mustangs due to steering issue
See what’s clicking on FoxBusiness.com More than 30,700 Ford Mustangs are being recalled over an issue that could cause the steering wheel to turn unintentionally. Automakers June 28th Recall Report The Mustangs that are at risk of unintended steering wheel rotation are 2022-2023 model years, the National Highway Traffic Safety Administration was informed. The recalled […]