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, […]
Bank of Japan makes first rate hike in 17 years
JPMorgan chief global strategist David Kelly said markets were in for a “difficult” few days and that inflation was gradually declining in the “Cramman countdown”. The Bank of Japan (BOJ) on Tuesday ended eight years of negative interest rates and other unconventional policies, marking a historic shift away from focusing on mirroring growth from decades […]
Starbucks re-aligns top leadership roles splitting US and international CEOs
See what’s being clicked on FoxBusiness.com Starbucks is disrupting its top management team, including appointing additional CEOs to oversee specific regions. The coffee giant announced Monday that it has created a new role as CEO of North America and named Michael Conway, a 13-year Starbucks veteran, to the role. Conway currently serves as group president […]
US Automakers Have Used More Aggressive Language Than Trump To Describe China’s Aspirations
U.S. automakers have used far more inflammatory and extreme language than former President Trump’s “bloodbath” comments to describe the threat China poses to their industry. Liberal media decried Trump’s use of the word “bloodbath” while he described the potential state of the U.S. auto industry if he doesn’t win the 2024 election at a Saturday […]
Minute Media becoming new publisher of Sports Illustrated brand through deal with owner Authentic Brands
Check out what’s being clicked on FoxBusiness.com Sports Illustrated has acquired a new publisher. Minute Media will receive the brand’s digital and print publishing rights through a new “long-term partnership” with owner Authentic Brands Group. The deal was announced on Monday. There were questions about what would happen to Sports Illustrated after Authentic Brands canceled […]
Huge Discrepancy In Jobs Data Could Be Making Biden’s Economy Look Way Stronger On Paper
Data from the Federal Reserve Bank of Philadelphia estimates that the U.S. economy added more than two-thirds fewer jobs in the third quarter than the Bureau of Labor Statistics (BLS) has reported. Poor economic conditions have led to a rise in part-time positions and layoffs that have made it difficult to accurately track current employment […]
UAW moves to hold unionization vote at Volkswagen plant in Tennessee
Automotive expert Mike Caudill reacts on “The Bottom Line” to the Treasury Secretary’s assertion that the future of electric vehicles in the United States is very bright. of United Auto Workers Union (UAW) Workers at the Volkswagen assembly plant in Chattanooga, Tennessee, will vote to unionize, the union announced Monday, after the UAW secured a […]
Amazon, FedEx reportedly weighed teaming up on returns last year
Laura Martin, senior media and internet analyst at Needham & Company, predicts earnings for Alphabet, Google and Amazon in “Making Money.” Amazon and FedEx reportedly considered partnering on returns last year. The two companies held talks early last year but ultimately fell through, the Wall Street Journal reported Monday, citing people familiar with the matter. […]
Troubled EV Maker Pausing Production Amid Bankruptcy Speculation
A struggling electric vehicle (EV) manufacturer is temporarily suspending production as it appears to be preparing for a potential bankruptcy. Fisker Automotive announced Monday that it is pausing production for six weeks “to align inventory levels and progress strategic and financing initiatives.” The company hired advisers last week to help prepare for a potential bankruptcy, […]
McDonald’s outage shows challenge of going from Big Mac to Big Tech
Mike Binger, president of Gradient Investments, explained to Claman Countdown why he added McDonald’s and Ulta Beauty to his portfolio. “Technology failure” that affected McDonald’s restaurant And the company’s app on Friday highlights the fast food giant’s growing reliance on technology systems that are becoming increasingly common in the restaurant industry. Friday’s power outage affected […]