International businessman sentenced to prison for ‘wine-and-dine scheme’
See what’s clicking on FoxBusiness.com A New York-based international businessman once described as one of the “world’s most global consultants and speakers” has been sentenced to prison and ordered to pay more than $6 million in restitution to victims of a wine-and-dining scam he ran. Omar Khan, 58, was sentenced to two years in prison […]
Federal Watchdog Investigating Auto Workers Union President
The president of the United Auto Workers (UAW) is under federal investigation for allegedly retaliating against other UAW officials, according to a court filing published Monday. Court-appointed monitor Neil Barofsky opened the investigation into Shawn Fain over allegations that he retaliated against certain union officials, including the UAW’s secretary-treasurer, for her alleged hesitation in approving […]
Southwest shares jump after activist Elliott buys $2B stake
Rep. Brandon Williams (R-NY) discussed President Biden challenging Republicans on Social Security and commented on Southwest Airlines’ chief operating officer apologizing for holiday travel disruptions. Southwest Airlines shares soared on Monday after activist investor Elliott Investment Management acquired $2 billion worth of stock in the airline. In a letter sent Monday to Southwest’s board of […]
Airbnb renters-turned-squatters refuse to vacate property unless evicted
DFW housing and macroeconomic analyst Amy Nixon joins “Making Money” to discuss whether monetary policy can solve the Fed’s housing problems. An Airbnb host in Durham, North Carolina, filed a lawsuit in court against squatters who refused to leave their property until an eviction order was issued, according to court documents. According to documents obtained […]
Kia tells some Telluride SUVs owners to ‘park outside’ due to fire risk
Automotive expert Mike Caudill discusses potential concerns about EVs and how consumer data should be handled. Kia America is recalling more than 450,000 Telluride vehicles due to an issue that could cause the SUV to catch fire while parked or driving. The National Highway Traffic Safety Administration (NHTSA) announced the recall on its website on […]
GameStop’s crazy week, jobs surprise and Nvidia’s stock split
Barron’s Roundtable panelists offer their market outlook and discuss three things investors should consider. U.S. employers remain active in hiring. The tech-heavy Nasdaq, helped by Nvidia, led the stock market’s weekly gain. GameStop received no help from “Roaring Kitty” following its public appearance. Former President Donald Trump is shaking up Silicon Valley. Elon Musk picks […]
‘Roaring Kitty’ social media return: What to know about the meme stock trader after his livestream
SEC Enforcement Chairman Dickinson Wright and Frontline Compliance Founder Amy Lynch examine the impact of “Roaring Kitty” on GameStop and the increased regulatory scrutiny of GameStop investors. Roaring Kitty came back with a vengeance last month, sending his top holding, GameStop Corp., into a trading frenzy. The meme stocks retail trader, popularly known as Keith […]
‘Roaring Kitty’ could not save GameStop as meme stock tanks
FOX Business senior correspondent Charlie Gasparino questioned the timing of Roaring Kitty’s live stream on “The Cramer Countdown” and the GameStop secondary sale. Meme stock trader Keith Gill, aka “Roaring Kitty,” went live on Friday for the first time in three years but failed to entice investors into GameStop as the company’s shares plummeted 40%. […]
Republican Lawmakers Urge Biden Admin To Blacklist Major Chinese Battery Companies With US Interests
A group of Republican lawmakers is urging the Department of Homeland Security (DHS) to effectively ban imports from two Chinese battery companies with business interests in the U.S. Five Republicans — including Chairman of the Select Committee on the Chinese Communist Party (CCP) John Moolenaar, House Homeland Security Committee Chairman Mark Green and Florida Sen. […]
GameStop Stock Plummets 27 Percent During Famed Meme Stock Investor’s Livestream
Stock in GameStop (GME) dropped over 27 percent Friday during meme-stock investor Keith Gill’s 50-minute YouTube livestream discussing his positions in the stock. The stock, which rallied Thursday after Gill (known online as Roaring Kitty) announced his plan to host livestream about GME, opened Friday at $37.37 and quickly shot up to $47.90, according to […]