JPMorgan’s Jamie Dimon gives support to Disney’s Bob Iger in activist fight
Bank of America’s Jessica Lief Ehrlich talked about Disney’s $130 price target on “Craman Countdown,” a day after the earnings boosted the stock by 10%. JPMorgan Chase CEO Jamie Dimon has voiced support for CEO Bob Iger and has become involved in the proxy battle between Disney and Trian Fund Management. Daimon told CNBC Iger […]
Boeing security footage of work on jet with failed door plug is unavailable, NTSB says
Former Acting FAA Administrator Billy Nolen talks about Boeing’s recent series of safety issues in Kabuto: Coast to Coast. Boeing says it can’t find documentation to back up repairs its employees made in September to a 737 Max 9 whose door plug was blown off during an Alaska Airlines flight in January, and surveillance footage […]
Tesla CEO Elon Musk visits Giga Berlin as production resumes following arson attack
Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss Ford’s decision to offer free Tesla Superchargers to EV owners through July. Tesla CEO Elon Musk visited the electric car giant’s giant German factory on the outskirts of Berlin on Wednesday, where it had been out for a week after an arson attack on […]
Jeff Bezos’ Charity Spending Millions To Fund Development Of Fake Meat
The charitable foundation of Amazon founder and billionaire Jeff Bezos is pouring tens of millions of dollars into efforts to advance synthetic meat. The Bezos Earth Fund (BEF) will be spending an initial $60 million to fund research and development of “alternative proteins,” which the University of Melbourne defines as “plant-based and food-technology alternatives to […]
Adidas Gives Warning For American Market After Posting First Loss In Three Decades
German sportswear giant Adidas reported on Wednesday a net loss for 2023 and noted that revenues for North America will most likely struggle into 2024. Total revenue for Adidas declined 5% in 2023, totaling around 21.5 billion euros, with the company posting a 75 million euro loss attributable to shareholders for the year and a […]
REPORT: United Airlines Requests Boeing To Cease Production Of Max 10 Jets The Airline Initially Purchased
United Airlines Holdings Inc. reportedly made the decision to pause its orders for Boeing Co.’s 737 Max 10 jets Tuesday, according to Bloomberg. United’s CEO, Scott Kirby, disclosed the airline’s pivot to Boeing’s 737 Max 9s and Airbus SE’s A321 planes during a JPMorgan investor conference. “We’ve asked Boeing to stop building Max 10s, which […]
United tells Boeing to stop making the Max 10s the airline ordered: report
Former Acting FAA Administrator Billy Nolen talks about Boeing’s recent series of safety issues in Kabuto: Coast to Coast. United Airlines CEO Scott Kirby on Tuesday called on Boeing to halt production of the 737 Max 10 planes United has ordered and, after extended delays, build Max 9 planes instead. It was reported that he […]
3M hires outsider Bill Brown as CEO, shares jump
See what’s being clicked on FoxBusiness.com Conglomerate 3M has named Bill Brown, the former head of L3Harris Technologies, as its next chief executive, betting that an outsider will take the reins amid declining sales and multiple lawsuits. CEO). The company’s shares rose nearly 7% on Tuesday. Shares fell about 14% this year to the end […]
Federal Gov’t Spent More Than Double What It Collected In February
The U.S.’ national deficit surged in February as income declined and expenses rose, resulting in the federal government spending more than double what it collected in the month, according to a release from the Treasury Department. The federal government collected $271 billion in February, mostly through taxes and social insurance and retirement payments, but spent […]
GM says it built about 20,000 EVs that didn’t qualify for tax credits
Kevin O’Leary talks about the realities of electric cars, lithium batteries and Boeing stock, and “The View’s” Joy Behar mocks Gen Zers who say they can’t survive in today’s economy. general motors The Detroit automaker said it has built about 20,000 electric vehicles (EVs) so far this year but was not eligible for the EV […]