Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner says
MittGroup CEO Grant Mitterlehner talks cryptocurrency amid Elon Musk’s Twitter news and market uncertainty. Kabosu, Japanese Dog The dog that became a global meme and the face of alternative cryptocurrency Dogecoin has died at the age of 18, his owner announced in a blog post on Friday. The Shiba Inu’s owner, Atsuko Sato, wrote that […]
Tesla CEO Elon Musk opposes tariffs on Chinese EVs
In an interview with Barney & Company, Diana Ferchtgott Ross, an economist at the Heritage Foundation, argued that Biden’s tariffs on Chinese-made EVs don’t go far enough to protect the domestic auto industry. Tesla CEO Elon Musk said Thursday he opposes government tax incentives for electric vehicle (EV) purchases and tariffs on Chinese-made EVs or […]
Former Fed official’s bank set to receive master account approval
See what’s clicking on FoxBusiness.com The Federal Reserve’s recent decision to grant lesser-known banks access to its vast lending and credit facilities has sparked questions about possible conflicts of interest and favoritism at the U.S. central bank, FOX Business reported. Numisma, a small bank based in Greenwich, Connecticut, received conditional approval for a so-called master […]
Boeing facing ‘long road’ in addressing safety issues, FAA chief says
Diana Ferchtgott Ross, a former Department of Transportation official, told The Evening Edit that the Federal Aviation Administration is investigating. The head of the Federal Aviation Administration (FAA) said Thursday that aircraft maker Boeing Co. is preparing a plan to assure regulators that it is adequately addressing safety concerns in its manufacturing. He said there […]
‘Damage Is Done’: Illegal Immigration Under Biden Has Contributed To Housing Shortage, Experts Say
The surge of illegal immigration under President Joe Biden has exacerbated an already costly housing market for average Americans by worsening a shelter shortage, experts told the Daily Caller News Foundation. The U.S. currently has an estimated shortage of 4 million to 7 million homes as developers struggle to keep up with demand amid harsh […]
Nvidia announces 10-for-1 stock split
Nvidia is rolling out a 10-for-1 stock split and is capitalizing on the AI boom it has been driving, giving investors huge profits. The stock is up more than 91% so far this year, with shares rising above the $1,000 mark in the extended session and closing at $949.50 per share on Thursday. After the […]
Johnson & Johnson sued by cancer victims over ‘fraudulent’ bankruptcies
See what’s clicking on FoxBusiness.com Cancer survivors’ groups sued Johnson & Johnson on Wednesday, seeking to use the shell company’s bankruptcy to resolve tens of thousands of lawsuits alleging that the company’s talc products contain asbestos and cause cancer. The company accused the company of fraud due to its repeated efforts to do so. Five […]
Vivek Ramaswamy Buys Activist Stake In BuzzFeed
Former Republican presidential candidate and businessman Vivek Ramaswamy purchased an activist stake in BuzzFeed, according to a May Securities and Exchange Commission filing. Ramaswamy purchased a 7.7% stake consisting of 2.7 million shares between March 14 and May 21 at costs ranging from $1.47 to $2.51 per share, according to the filing. The businessman asserted […]
Amazon Shareholders Kill Major Union Proposal To Probe Job Losses From Green Transition
Amazon shareholders shot down a proposal Wednesday requesting a report be done on the effects of the company’s climate change policies on current workers’ jobs. The proposal was one of 14 brought on by an individual or groups holding a significant amount of shares of the company, all of which were not approved, the National […]
Vast Majority Of Americans Had Their Pocketbooks Devastated By Inflation In 2023, Study Finds
Persistently high inflation led a large number of Americans to say that it had made them worse off in 2023, according to a survey conducted by the Federal Reserve. Around 65% of Americans surveyed said that inflation had made their financial situation worse in 2023, while only 31% said that it had little to no […]