Autoworkers Union Gives Full-Throated Support To Biden EPA Rule That Could Kill Thousands Of Jobs
The United Auto Workers (UAW) came out in support of a change to a Biden administration auto emissions regulation that would force an electric vehicle (EV) transition and potentially end the need for thousands of autoworker jobs. The rule from the Environmental Protection Agency (EPA) delays some of the emission standards that were set to […]
‘You Need To Check Yourself’: Fed Chair Warns Not To Dismiss Recent High Inflation Reports
Federal Reserve Chair Jerome Powell warned reporters Wednesday not to dismiss recent high inflation data when looking at how the economy is running. The remarks from Powell follow a Fed decision not to change the federal funds rate, which remains in a range of 5.25% and 5.50%, the highest in 23 years, which has been […]
JetBlue leaving 5 cities as it cuts unprofitable routes
Travel expert Mark Murphy joins Kabuto: Coast to Coast to break down the timeline of the Boeing 737 Max crisis and its impact on the travel industry. low cost airline jetblue plans to eliminate routes to five cities and reduce flights to Los Angeles in a bid to improve financial performance after a federal court […]
Fed Keeps Rate Cut Predictions Despite Stubborn Inflation
The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate or its prediction for the year, even as persistent inflation pushes back rate cut expectations. The Fed’s decision not to change rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the fifth meeting […]
Fed leaves rates unchanged, says three cuts still planned
The Fed chairman gave a speech following the central bank’s interest rate decision. With inflation remaining high for many Americans, the Fed kept interest rates on hold for the fifth straight time at its March meeting. Policymakers also said they remain committed to delivering three rate cuts this year, although plans for rate cuts may […]
REPORT: Don Lemon Demanded Elon Musk Give Him A Tesla, Control Of News Content
Ex-CNN host Don Lemon reportedly presented Twitter CEO Elon Musk with a list of demands for their prospective partnership, including a new Tesla and control of the platform’s news content, according to the Daily Mail. Lemon and Musk planned to form a partnership to air his new show, “The Don Lemon Show,” on the platform […]
Biden Admin Pours Billions Into Chip Giant As Rollout Stalls
President Joe Biden’s administration announced on Wednesday it is pouring about $20 billion into American semiconductor titan Intel amid a stalled rollout. Biden is set to visit Intel’s Arizona campus in Ocotillo, where he will unveil the Department of Commerce’s preliminary agreement with the chip giant to dole out $8.5 billion in direct funding as […]
Chipotle board approves 50-to-1 stock split
Check out what’s being clicked on FoxBusiness.com Chipotle’s board of directors approved a 50-1 split of its common stock, following a similar move by Walmart earlier this year. “This is the first stock split in Chipotle’s 30-year history, and we believe it will make our stock more accessible to a wide range of investors, not […]
Credit Applications Surge As Americans Scramble For Cash To Make Ends Meet
In February, the percentage of Americans applying for credit in the past year reached its highest point since October 2022, as consumers seek financing to counteract persistent inflation, according to the Federal Reserve Bank of New York. The application rate for any kind of credit reached 43.4% in February, up from 42.5% in October and […]
Netflix to feature NFL stars Justin Jefferson, Davante Adams in ‘Receiver’ docuseries
Mark Mahaney, senior managing director at Evercore ISI, discusses Netflix’s market performance and why Google is dangerous. Netflix plans to offer a docuseries on NFL wide receiver as the streaming giant continues to move forward with its sports strategy. The company announced Tuesday the latest addition to its extensive lineup of sports content, announcing that […]