Johnson & Johnson faces new class action lawsuit on behalf of talc users
Fox Business Briefs: Johnson & Johnson has announced that it will stop selling its talc-based baby powder in the United States. A new class action lawsuit against Johnson & Johnson seeks damages and medical oversight on behalf of women who have been diagnosed with or may develop cancer due to their use of the company’s […]
Countries getting ditched by the most millionaires
See what’s clicking on FoxBusiness.com China is set to lose more billionaires than any other country in 2024. Henley & Partners predicted the country will be the “biggest billionaire loser” again this year. 2024 Personal Asset Movement Report The firm released the findings on Tuesday, drawing on New World Wealth data from a survey of […]
EV Start-Up Files For Bankruptcy One Year After Rolling Out Its First Model
An electric vehicle (EV) producer that was once a splashy start-up company has filed for bankruptcy. Fisker filed for Chapter 11 bankruptcy on Tuesday after trying and failing to secure more investment to stay afloat, the company announced. The company once attracted robust interest and hype, marketing itself as the Apple of vehicles, but it […]
More than a dozen Indiana Pizza Huts closed
See what’s clicking on FoxBusiness.com More than a dozen Pizza Hut locations in Indiana suddenly closed earlier this month. The 15 restaurants are located in northwest Indiana and are operated by franchisee EYM Group. Northwest Indiana Times It was reported last weekend. The news of the closures comes as EYM Group and Pizza Hut are […]
Another Boeing Whistleblower Speaks Out Ahead Of CEO’s Senate Testimony
A quality insurance inspector for Boeing in Renton, Washington, has come forward with more allegations against the plane manufacturer hours before Boeing CEO Dave Calhoun’s Senate testimony Tuesday. Democratic Connecticut Sen. Richard Blumenthal’s office has identified Sam Mohawk as the whistleblower. Mohawk alleges that Boeing wrongly tracked and stored improper parts, and that those parts were used in […]
Nvidia topples Microsoft as world’s most valuable company
CFRA Research Analyst Angelo Gino joins Varney & Co. to discuss whether AI will continue to drive the tech sector. Chipmaker Nvidia has now overtaken Microsoft as the world’s most valuable company, and investors are betting its dominance in AI will remain unchallenged for the foreseeable future. Ticker safety last change change % NVDA NVIDIA […]
Apple ends its buy now, pay later service
Wamsi Mohan, senior IT hardware analyst at BofA Securities, said investors should buy Apple on The Claman Countdown. Apple announced this week that it will discontinue its buy now, pay later service, Apple Pay Later, and that installment loan options from other providers will become available on its Apple Pay platform in the near future. […]
GameStop meme stock mania is SEC’s bad dream on repeat
FOX Business senior correspondent Charlie Gasparino questioned the timing of Roaring Kitty’s live stream on “The Cramer Countdown” and the GameStop secondary sale. GameStop investors got another deluge of news on Monday at the company’s annual shareholder meeting, where CEO Ryan Cohen told investors that the video game retailer plans to “continue to reduce costs […]
J.D. FOSTER: No Longer Crying Wolf: Foreign-Born Workers Are Taking Americans’ Jobs
Something very strange is going on in America’s labor market. The employer’s survey in the June jobs report showed 272,000 jobs gained in May, and nearly 2.8 million jobs over the past year. These are both amazing figures given that the economy is at full employment. While the employer’s survey is surely fine, the household survey, also produced […]
Tupperware shutting down last US plant, moving production to Mexico
See what’s clicking on FoxBusiness.com Tupperware Brands is closing its last remaining manufacturing plant in the United States and moving operations to Mexico, resulting in the loss of jobs for more than 100 employees. The iconic food storage container maker issued a WARN notice last week warning that it plans to permanently close its Hemingway […]