Big Corporations Try To Clean Up Their Acts After Reports Of Rampant Child Migrant Labor
U.S. companies are conducting full-scale audits and shifting “focus” after multiple reports revealed child immigrants were working in increasingly dangerous conditions, according to The New York Times. In 2023, the Department of Labor opened an investigation into companies like Lucky Charms and Cheetos after reports of immigrant children working in dangerous conditions while thousands of […]
Disney’s Iger gets more activist heat amid stock slump
Jeff Sica, founder of Circle Squared Alternative Investments, reveals Hollywood’s biggest winners and losers in 2023 on “Varney & Co.” Activist investors continue to push the entertainment giant ahead of Disney’s first-quarter earnings report Wednesday afternoon. The push comes from two companies, Tryon Group and Blackwells Capital, who have made their own proposals for Disney’s […]
‘Not Normal’: Over One Million Jobs Reported In 2023 Didn’t Actually Exist
The federal government in 2023 overestimated the number of jobs in the U.S. economy by an average of 105,000 per month in initial reports, equating to a cumulative monthly difference of 1.3 million, according to data from the Bureau of Labor Statistics (BLS). The cumulative number of jobs reported each month was 1,255,000 less than […]
‘Squad’ Member Asks Janet Yellen If ‘Racism’ Threatens US Financial System
Democratic Rep. Ayanna Pressley of Massachusetts asked Secretary of the Treasury Janet Yellen if “racism” posed a threat to the American financial system during a Tuesday hearing. Yellen testified before the House Financial Services Committee in a hearing to review the annual report of the Financial Stability Oversight Council. Pressley noted that financial services companies […]
Toyota investing $1.3 billion in red state to build all-electric SUV
FOX Business’ Jeff Flock reports from the Celebrity Ford dealership in Toms River, where electric F-150s aren’t zipping away fast enough. Toyota Motor Corporation announced Tuesday that it will spend an additional $1.3 billion on its flagship products. Georgetown, Kentuckywill begin production of a new all-electric SUV at its factory. The Japanese automaker says the […]
Morgan Stanley Throws Cold Water On Biden’s Lofty EV Targets
One of the largest investment banks in the U.S. published new market research on Tuesday that calls the Biden administration’s ambitious electric vehicle (EV) targets into question. Morgan Stanley released market research that projects the role that EVs will play in the global and American automobile markets over the coming years. The bank is forecasting […]
Honda recalls 750,000 vehicles to address air bag defect
See what’s being clicked on FoxBusiness.com Honda announced Tuesday that it is recalling 750,000 vehicles in the U.S. due to a defect that could allow airbags to deploy unintentionally in a crash. The National Highway Traffic Safety Administration (NHTSA) has announced that the passenger seat weight sensor may crack and short out, causing the airbag […]
Credit Card Delinquencies Surge As Mounting Debt Crushes Americans
Serious credit card delinquencies surged for another quarter as record levels of debt continue to weigh on struggling Americans, according to the Federal Reserve Bank of New York. Delinquencies of 90 or more days for credit card debt rose to 6.36% in the fourth quarter of 2023, up from 4.01% from one year ago, according […]
Ousted WeWork CEO Adam Neumann trying to buy company back
Joe Sitt, CEO of Thor Equities, spoke about what the sharp decline in commercial real estate means for Barney & Co.’s bank. WeWork co-founder Adam Neumann, who was ousted as CEO of the bankrupt co-working space provider four years ago, is trying to buy back the company through his new venture, Flow Global Holdings. It […]
Honda Recalls 750,000 Vehicles Over Safety Concerns
Honda recalled 750,000 vehicles in the U.S. Tuesday over defective airbags that could inflate unintentionally during a crash. The recalled vehicles’ front seat weight sensor was at risk of cracking and short-circuiting, the National Highway Traffic Safety Administration (NHTSA) reportedly said, which would make the airbags difficult to suppress. The recall includes certain models of Honda Pilot, […]