‘No One Would Accuse Us Of Being Elon Musk Fans, But … ‘: Scarborough Takes Rare Stand For Musk Over Judge’s Ruling
MSNBC’s Joe Scarborough came to a rare defense of Elon Musk on Wednesday’s episode of “Morning Joe.” Scarborough was discussing Elon Musk’s $56 billion Tesla pay package, which a Delaware judge voided in January, with Andrew Ross Sorkin. Sorkin explained that, despite Tesla’s board voting in favor of Musk’s incentives-based pay package, the Delaware judge […]
‘Infiltrating And Influencing’: GOP Rep Questions Ex-CIA Officer On Dangers Of Chinese-Owned Factory In US Heartland
A former CIA officer warned during a House hearing Wednesday that the Chinese Communist Party (CCP) could use U.S. subsidiaries of Chinese firms to steal intellectual property and conduct economic espionage. The hypothetical company in question might provide “tips and leads” to Chinese state security given its Chinese government ties, Peter Mattis, ex-CIA officer and […]
FTC may try to block yet another business merger
See what’s being clicked on FoxBusiness.com federal antitrust regulator Coach is planning to file a lawsuit to block owner Michael Kors’ $8.5 billion bid to buy Capri by Tapestry, Coach’s parent company, according to a report. new york times dealbook. The Federal Trade Commission (FTC) is scheduled to hold a meeting next week to discuss […]
Electric Vehicle Maker Launches Another Round Of Layoffs As Demand Slows
Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for EVs stalls. The layoffs at Rivian will affect around 1% of the company’s staff as they continue to look for ways to cut costs to bolster struggling profits due to less-than-expected EV sales, the company […]
United said it lost $200 million from the temporary grounding of the Boeing 737 Max 9
FreightWaves Founder and CEO Craig Fuller discusses whether the U.S. is facing a transportation crisis and addresses Boeing’s “money-making” issues. united airlines announced its first-quarter results on Tuesday, revealing a loss of about $200 million due to the temporary grounding of its Boeing 737 Max 9 fleet earlier this year. The Chicago-based airline reported a […]
Ford Recalls Over 450,000 Vehicles Over Potential Battery Detection Flaw
Ford Motor Company is recalling over 450,000 vehicles over a potential battery detection flaw, according to a report submitted to authorities Friday. The company is concerned the vehicles may stall in motion or fail to restart and therefore possibly cause a crash. The Dearborn, Michigan-based carmaker said some 402,978 2021-2024 Ford Bronco Sport vehicles and […]
Union vote underway at Volkswagen’s only US plant
FOX Business spoke to three United Auto Workers union members about why they support Donald Trump in the 2024 presidential election. Workers at Volkswagen’s only U.S. plant are voting this week on whether to join the United Auto Workers union, the union’s third attempt to organize the plant. Voting began Wednesday among 4,100 hourly workers […]
Planet Fitness announces CEO pick
Check out what’s being clicked on FoxBusiness.com Planet Fitness on Tuesday named Colleen Keating as its new CEO. He will replace interim CEO Craig Benson, effective June 10, the fitness center chain announced in a press release. Mr. Keating joins Planet Fitness from FirstKey Homes, where he served as CEO for approximately four years. Colleen […]
‘It Has To Be Built Properly’: Josh Hawley Asks Boeing Quality Engineer Point Blank If Company’s Planes Are Safe
A current Boeing employee warned Republican Missouri Sen. Josh Hawley that the company’s planes have increased risk factors due to poor company safety standards at a hearing on Wednesday of the Senate Committee on Homeland Security and Government Affairs. Boeing quality engineer Sam Salehpour, in his response to Hawley, emphasized the risks Boeing planes pose […]
Tesla asks shareholders reinstate Musk’s pay, move to Texas
Former Tesla director Steve Westley joins Barney & Company. We analyze automakers’ first quarter delivery reports and their potential impact on the stock market. Tesla has reinstated CEO Elon Musk’s pay package and moved the company from Delaware to Texas, months after a judge rejected the CEO’s $56 billion compensation package. We are asking shareholders […]