JPMorgan Chase, checking account fees
JPMorgan Chase CEO Jamie Dimon told lawmakers during a Senate Banking Committee hearing that the only real use for cryptocurrencies is for criminals and that if he were in power in the government, he would “shut them down.” The head of America’s largest retail bank warned his 86 million customers to “get ready to pay […]
Holy Hamburgers! Biden’s Inflationary Economy Is Making Your Cookout Even More Costly This July 4
The inflationary pressures pinching Americans will be make this year’s Fourth of July celebrations costlier than they may be accustomed to, according to the American Farm Bureau Federation (AFBF). Inflation has been a consistent problem plaguing everyday Americans throughout President Joe Biden’s first term, with the consumer price index (CPI) increasing by roughly 20% since […]
Buffett, Berkshire, Chubb | Fox Business
Chubb CEO Evan Greenberg talks about the impact of climate change on insurance premiums on “The Craman Countdown.” When news spread among investors that Warren Buffett’s Berkshire Hathaway had added Chubb to its portfolio in May, the insurance company became a new big name stock. The 25.9 million shares, worth $6.72 billion, boosted the stock […]
Ro Khanna crypto roundtable seeks industry inroads for White House and Democrats
Rep. Tom Emmer (R-MN) joins “Making Money” to discuss a new bill aimed at protecting Americans’ privacy in digital currencies. Lo Khanna wants to save the $2 trillion cryptocurrency industry from a Trump takeover. The congressman, a progressive Democrat who represents a district that includes crypto-friendly parts of Silicon Valley, is reaching out to top […]
Jeff Bezos to sell $5 billion in Amazon stock after shares hit all-time high
Mike Murphy, founder and managing partner at Rosecliff, will share his insights on the stock after trading opens on Tuesday. Amazon founder Jeff Bezos said on Tuesday he plans to sell about $5 billion worth of stock in the company, the same day the e-commerce giant’s shares hit an all-time high. Bezos disclosed his plans […]
California Lawmakers Hand Porn Industry Huge Victory After Watering Down Age Verification Bill
The California Senate Judiciary Committee proposed making ID verification optional for pornography websites in new amendments to the state’s age verification bill, according to the bill analysis released Tuesday. The committee proposed amendments to the Parent’s Accountability and Child Protection Act (PACPA) that made proof-of-age methods like providing a government ID or a credit card […]
Saks owner to buy Neiman Marcus—with help from Amazon
See what’s clicking on FoxBusiness.com Saks Fifth Avenue’s parent company has inked a deal to buy rival Neiman Marcus for $2.65 billion, with a little help from Amazon.com Inc., creating a luxury-retail powerhouse aimed at retaining wealthy shoppers, according to people familiar with the matter. The boards of directors of both companies have approved the […]
Biden Admin Cooks Up New Rules For Employers To Address Heat As Workplace Hazard
The Biden administration proposed regulations that would require employers to take measures to protect their employees from the heat on Tuesday. The Occupational Safety and Health Administration (OSHA) proposed rules designed to provide millions of outdoor workers, like agricultural and construction laborers, and indoor workers like kitchen cooks relief from “extreme heat” while at work. […]
Tesla, deliveries, Elon Musk | Fox Business
Stephen Gengaro, a managing director at Stifel, said there are “multiple layers” to Tesla and its valuation. Tesla delivered more electric vehicles than expected in the second quarter. The Elon Musk-led company said on Tuesday it delivered 443,956 vehicles during the quarter, down about 4.8% from the same period a year ago. Still, the figure […]
Car dealership losses from CDK software outage could reach $1 billion, study finds
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. Direct losses for car dealerships affected in recent weeks by an outage at major software provider CDK Global could total $1 billion if the issue is not resolved soon, new data shows. Michigan-based Anderson […]