FAA stepping up oversight of United Airlines, may pause some certifications
United Airlines Flight 2477 skids off the runway at George Bush Intercontinental Airport in Houston, Texas. (Credit: KHOU) The Federal Aviation Administration (FAA) is increasing its oversight of: united airlines The agency said on Saturday it was working to ensure airlines complied with safety regulations following a series of accidents. “In response to recent safety […]
China blocks use of Intel and AMD chips in government computers: report
Former State Department Spokesperson Morgan Ortagus joins The Bottom Line to discuss the potential national security risks posed by American companies doing business in China. China The government has instituted new guidelines aimed at phasing out the use of American microprocessors from Intel and AMD in government computers and servers, the Financial Times reported on […]
Biden Regulator Considering Limiting United Airlines Growth Amid Safety Concerns: REPORT
The Federal Aviation Administration (FAA) is considering measures to halt expansion at United Airlines while regulators investigate recent safety issues, according to Bloomberg. The FAA is looking at taking temporary actions such as restricting the airline from starting new routes and barring customers from flying on newly delivered aircraft, people familiar with the matter, who […]
Blue City Voters Reject Referendum That Would Hike Taxes To Fund Homeless Services
Chicago voters shot down a referendum supported by Democratic Mayor Brandon Johnson that would have hiked taxes on more expensive homes to fund services to alleviate rampant homelessness, according to the Chicago Tribune. The measure was voted on Tuesday but was called by The Associated Press on Friday night, with 46.8% of people voting yes […]
Apple under fire, Fed’s Powell juices stocks and Reddit’s rally
Mark Mahaney, senior managing director at Evercore ISI, ranks Varney & Co. among his top 11 stocks. -The Department of Justice quells the Apple boom -Federal Reserve Chairman Jerome Powell delights investors -Dow, S&P 500, and Nasdaq Composite hit all-time highs -Chipotle’s crazy 50-1 stock split -Reddit is America’s newest public company, and its stock […]
Chrysler recalls 286,000 vehicles over airbag concerns
Check out what’s being clicked on FoxBusiness.com Chrysler is recalling about 286,000 vehicles over concerns that their side airbag inflators could explode, injuring or killing people. The recall includes some 2018 to 2021 Dodge Charger and Chrysler 300 vehicles, as well as airbag replacements in about 1,000 vehicles, according to a separate notice posted by […]
Stellantis To Lay Off Hundreds Of Employees As It Struggles To Transition To Electric Vehicles
Stellantis announced Friday that it will soon lay off around 400 employees amid its challenging transition to producing electric vehicles (EVs). The layoffs for one of America’s biggest automakers become effective on March 31 and are white-collar jobs largely at the company’s headquarters and a chemical center in Auburn Hills, Michigan, covering engineering, technology and […]
Dodge-parent Stellantis laying off hundreds of US workers
Scott Hayes, president of Toledo Refining Company, spoke during FOX & Friends First about how California’s policy failures have caused collateral damage in the Midwest. Stellantis is the parent company of several car brands. including dodgeJeep and Chrysler confirmed Friday that they will lay off hundreds more U.S. workers as they continue to cut jobs […]
Truth Social To Go Public After Investors Approve Merger, Could Net Trump Billions
Shareholders of Digital World Acquisition Corporation (DWAC) voted to approve a merger with Trump Media & Technology Group (TMTG) on Friday, potentially netting billions of dollars to former President Donald Trump, Axios reported. The vote to approve the merger with TMTG, the parent company of Truth Social, could give Trump almost 79 million shares of stock […]
California’s Biggest Insurer Ending Tens Of Thousands Of Home Policies Amid Regulation, Inflation Crunch
State Farm, California’s largest insurer, will not be renewing 72,000 policies in the state as factors like inflation and regulations make operations unsustainable. Around 30,000 homeowner, rental dwelling and other property insurance policies will not be renewed starting on July 3, and around 42,000 commercial apartment policies will not be renewed starting on Aug. 20, […]