Boeing needs to focus on safety and quality after incidents, FAA chief says
Aviation attorney and pilot Sal Lagonier talks about the FAA’s quality control audit of Boeing amid concerns about aircraft safety. This was announced by the head of the US Federal Aviation Administration (FAA). Aerospace giant Boeing He said recent incidents require a renewed focus on ensuring aircraft safety and quality. FAA Administrator In an interview […]
Reddit CEO addresses $193M compensation package
Sarah Kunst, managing director at Creo Capital, talks about Reddit’s unusual IPO and Encyclopedia Britannica seeking a $1 billion IPO valuation on Making Money. Reddit CEO Steve Huffman The $193 million fee was mentioned amid backlash from volunteer moderators on the social media platform as the company nears its initial public offering. Mr. Huffman answered […]
Nvidia CEO Jensen Huang announces company’s next-gen AI chip
R Ray Wang, founder of Constellation Research, discusses whether Nvidia’s stock rally is slowing with Varney & Co. Nvidia CEO Jensen Huang initiated the project. Artificial intelligence (AI) Giant attended the GTC 2024 conference with a keynote on Monday, announcing its next-generation AI chips that the company hopes will keep NVIDIA at the forefront of […]
Texas Schools Pull $8.5 Billion From BlackRock Over ESG
The Texas Permanent School Fund (PSF) is pulling $8.5 billion from the investment firm BlackRock over its use of environmental, social and governance (ESG) policies. The board informed the investment firm that it was being terminated as the manager of the Navarro 1 Fund in a Tuesday letter, which it provided to the Daily Caller […]
George Lucas backs Disney CEO Iger as proxy fight continues
Rob Luna, founder of the Rob Luna Wealth Academy, talks about whether it’s time for investors to rethink how they make money after some disappointing stocks. Legendary film director George Lucas is backing Disney and CEO Bob Iger in their proxy battle with activist investor Nelson Peltz. “No one knows Disney better than CEO Bob […]
‘Don’t Want To Get In The Crosshairs’: Turley Says Banks Fear Retaliation If They Loan Trump Bond Money
George Washington University law professor Jonathan Turley said Monday banks may not be providing former President Donald Trump loans to post an appeals bond due to fear of crossing Democratic Attorney General Letitia James. Trump’s attorneys told a New York appellate court that finding funds for an appeals bond was “a practical impossibility” due to […]
Biden’s Domestic Chip Agenda Suffers Another Major Blow: REPORT
President Joe Biden’s chips agenda is encountering more significant setbacks as key manufacturing projects are already experiencing delays, Nikkei Asia reported on Tuesday. LCY Chemical, Solvay, Chang Chun Group, KPPC Advanced Chemicals (Kanto-PPC) and Topco Scientific, which are companies that produce chemicals and materials needed for chips, are pushing back their construction plans in Arizona, […]
Average Wall Street bonus dipped to $176,500 last year
Peter Eliades, editor and publisher of Stockmarket Cycles, identifies worrying market signs that investors should pay attention to regarding Varney & Co. New York State Comptroller Thomas DiNapoli said Tuesday that Wall Street bonuses fell slightly last year despite an increase in industry profits. The average annual cash bonus on Wall Street in 2023 will […]
Bentley Pushes Back Ambitious All-Electric Goals
British luxury carmaker Bentley Motors is pushing back its plans to have an all-electric vehicle (EV) offering by 2030, following other top vehicle manufacturers, according to CNBC. Bentley had originally planned to transition all of its vehicle sales to EVs by 2030 but announced that it would be looking to delay that change by a […]
Ben & Jerry’s Parent Company Unilever Cuts 7,500 Jobs, Plans To Split Ownership
Unilever announced Monday its plans to cut 7,500 jobs and split the ownership of its ice cream business, Ben & Jerry’s. The parent company, which owns Magnum and Ben & Jerry’s ice cream, Dove soap and Vaseline, is attempting to reduce costs and boost profits through its layoffs and move to offload Ben & Jerry’s, […]