Kohl’s shares tumble after retailer reports sales slump, lowers forecast
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]
OpenAI Signs Deals With The Atlantic, Vox Media
Two media organizations announced deals Wednesday with Open AI as nine others engage the artificial intelligence (AI) startup in legal battles over alleged copyright infringements, according to official statements and court documents. The Atlantic announced “a strategic content and product partnership with OpenAI, which positions The Atlantic as a premium news source within OpenAI.” “The […]
American Airlines sued for racial discrimination for removing Black men from flight
Thomas Hayes, chairman and managing member of Great Hill Capital, discusses American Airlines’ market performance and companies cutting prices to keep up with inflation. American Airlines is facing a racial discrimination lawsuit after briefly removing eight black men from a plane after a white flight attendant complained about passengers’ body odor. According to the complaint […]
Trump, verdict, stock | Fox Business
Former lawyer and prosecutor Guy Lewis criticized Judge Juan Marchan on “The Big Money Show” for running a “shaky” trial. Shares of Trump Media and Technology Group closed higher on Wednesday as jurors began deliberations in the former president’s hush-money criminal trial. Ticker safety last change change % David Trump Media & Technology Group, Inc. […]
Oil Giant Fends Off Board Hijack Attempt Led By Major Public Pension Over Climate Activist Suit
American oil and gas company ExxonMobil fended off a major push to unseat all of its board directors after suing two activist investors who sought to put emission standards on the company. The attack was headed by the California Public Employees’ Retirement System (CalPERS), which has a $1 billion stake in Exxon, in protest of […]
Departments Of Justice And Labor Fine Virginia-Based Company For ‘Whites Only’ Job Posting
A Northern Virginia-based technology company reached an agreement with the Department of Justice (DOJ) and the Department of Labor (DOL) to pay fines over a discriminatory job posting, according to official statements. Arthur Grand Technologies, Inc. (AGT) in Ashburn, Virginia, released a job listing “that restricted eligible candidates to ‘only US Born Citizens [white] who are […]
China’s Electric Vehicle Giant Claims To Have New Hybrid That Runs American Automakers Off The Road
China’s largest electric vehicle (EV) manufacturer, BYD, announced Tuesday that two of its new hybrid models have ranges that far exceed those of American competitors, The Wall Street Journal reported. BYD’s chairman Wang Chuanfu claimed at an event in Xian, China, that the company was launching two new hybrid models that could go 2,100 kilometers, […]
Elon Musk urges Tesla shareholders to vote on pay with special offer
Varney & Co. host Stuart Varney discusses whether Elon Musk’s latest tech bet will pay off for investors. Tesla CEO Elon Musk Tesla is encouraging shareholders to vote their shares by offering them the chance to win a private guided tour of the company’s Texas factory, as the company’s board of directors asks shareholders to […]
trading, T+1 settlement | Fox Business
Jason Katz, managing director and senior portfolio manager at UBS, explains in Varney & Co. why the Fed’s first interest rate cut would be bad for the stock market. Tuesday’s move to next-day settlement for U.S. securities trading will force exchange-traded funds and market makers to juggle requirements and capital needs across multiple jurisdictions, market […]
Top Trump Ally Leverages BuzzFeed Stake To Push Outlet To Apologize For Having ‘Repeatedly Lied’
Former Republican presidential candidate Vivek Ramaswamy used his recently purchased activist stake in BuzzFeed to urge the media outlet to issue an apology for what he referred to as repeated lies, according to a letter shared with the Daily Caller News Foundation. Ramaswamy purchased a 7.7% stake consisting of 2.7 million shares in BuzzFeed between […]