FTX says it can repay most customers all funds
FOX Business’ Kelly O’Grady reports on the trial of former FTX CEO Sam Bankman Freed after he was found guilty on seven counts of criminal fraud. Bankrupt cryptocurrency exchange FTX said most customers will be fully repaid for the assets lost during its bankruptcy nearly two years ago, and some will receive more. The company […]
Labor Board’s Pro-Union Ruling Could Have Devastating Consequences For Free Speech
A judge with the National Labor Relations Board (NLRB) last week ruled in favor of a case that has serious implications for free speech by employers when talking about unions, legal experts told the Daily Caller News Foundation. Judge Brian Gee found that the NLRB was correct in its assertion that certain comments made in […]
Netflix Tom Brady roast hits FTX loss and Gronk
FTX class action lawsuit co-lead attorney Adam Moskowitz explains on The Big Money Show how he plans to recover the money stolen by Sam Bankman Freed. Nothing was off limits during the period. tom brady A roast was held on Netflix over the weekend, and several guests used the opportunity to criticize the NFL great’s […]
Disney’s Stock Plummets As Market Grapples With Earnings Report
Entertainment giant Disney’s stock price dropped rapidly Tuesday morning following an earnings report that cast doubt on the future of the company. Disney’s stock was down more than 9% for the day Tuesday morning after releasing its second quarter earnings that reported revenue growth but contained lower guidance than investors had expected, according to Forbes. […]
‘This Fails’: Biden Admin’s Rules For EV Subsidies Could Be Ripe For Abuse By China
The Biden administration published guidelines meant to restrict some foreign companies from capitalizing on its climate agenda, but some stakeholders say the rules are not strict enough on China. The “foreign entity of concern” (FEOC) guidelines, published in the Federal Register on Monday, are designed to keep companies based in or controlled by China, Russia […]
Swiss Army Knife maker plans model without a well-known feature
See what’s being clicked on FoxBusiness.com classic manufacturer swiss army knife is developing a new model without a blade to address regulatory barriers that prevent access to knife-based multitools. Karl Elsner, CEO of Victorinox, which owns the Swiss Army Knife brand, said in an interview. Swiss media “Brick”“I’m concerned that the violence around the world […]
Disney CEO Bob Iger Says Company Will Cut Marvel Movie Output Over Quality Concerns: REPORT
Disney CEO Bob Iger reportedly said he will be decreasing Marvel Studios’ output dramatically, in an effort to improve quality concerns that have plagued the brand. Iger announced his intentions for Marvel Studios’ future productions in a company earnings call Tuesday, according to The Wrap “I’ve been working hard with the studio to reduce output […]
Panera discontinuing caffeinated ‘Charged Lemonade’ after lawsuits
See what’s being clicked on FoxBusiness.com Panera Bread Co.’s caffeinated “Charged Lemonade” drink will be discontinued after the company faces a lawsuit alleging the drink causes health problems and wrongful deaths. Panera Bread’s website currently lists three premium beverages: Blood Orange, Strawberry Lemon Mint Lemonade, and Mango Yuzu Lemonade, which contain between 155 mg and […]
Disney comes close to making money off its combined streaming business
Craman Countdown panelists Robbie Whelan and Kenneth Leung explain Disney’s battle against Trian Partners. Disney’s combined streaming business of Disney+, Hulu, and ESPN+ came close to profitability in the second quarter. The entertainment giant on Tuesday reported second-quarter revenue of $6.19 billion, including its streaming business, and an operating loss of just $18 million. This […]
TikTok Sues Biden Admin Over Potential Ban
TikTok and its China-based parent company sued the Biden administration Tuesday over a recently signed bill that would force ByteDance to sell the app or potentially face a blanket ban in the U.S. China-based ByteDance is suing the U.S. government on grounds that the Protecting Americans From Foreign Adversary Controlled Applications Act is unconstitutional because […]