Biden Has Cracked Down On Big Business Mergers And Monopolies. Are Americans Better Off Because Of It?
The Biden administration has pursued a more aggressive antitrust approach than previous administrations, filing numerous lawsuits seeking to break up large companies and block mergers with mixed success. The administration’s antitrust action through either the Federal Trade Commission (FTC) or the Department of Justice (DOJ) has been aggressive since the president took office in January […]
Mark Cuban links immigration policy to DEI in debate with Elon Musk
FOX Business’ Lydia Hu speaks with EEOC Commissioner Andrea Lucas about potential legal action against Mark Cuban over his diversity, equity and inclusion employment policies. Billionaire Mark Cuban spoke out about corporate diversity, equity and inclusion during a debate with Elon Musk after Musk appeared to chide the Tesla boss over his support for legal […]
Company Recalls 150,000 Household Appliances Over Fire Hazard
Bissell recalled more than 150,000 vacuum cleaners Thursday over a fire hazard. The company announced the recall of its Multi Hand Reach and Floor vacuum cleaners after it was discovered that the appliance’s battery pack has the potential to “overheat and smoke, causing a fire hazard,” according to a release from the United States Consumer […]
Meta’s dividend, Tesla’s Musk claps back, Walmart’s new stores and Fed’s Powell pivots
Tom Gimbel, founder and CEO of LaSalle Networks, examines the state of the U.S. economy and reacts to the January jobs report. — Facebook parent company Meta pays surprising dividend, stock price soars — Social media CEOs skewered on Capitol Hill over child abuse — Tesla CEO Elon Musk retaliates after judge shoots him $56 […]
‘Peep The Stache’: Target Pulls ‘Civil Rights’ Kit From Shelves Over Major Errors
Target pulled a “Civil Rights” educational kit from store shelves after social media users noticed major errors. The “Civil Rights Magnetic Learning Activity” by Bendon was removed from Target stores because three historic Black leaders were misidentified, The Hill reported. Three magnets featuring the names of W.E.B. Du Bois, Booker T. Washington and Carter G. […]
Bank Of America Walks Back Much-Touted Pledge To Not Finance Coal, Arctic Drilling
Bank of America appears to be backtracking on its late 2021 pledge to cease financing new coal and Arctic initiatives, based on company documents. Bank of America had committed to terminate its direct funding of coal mines, coal-fired power plants and arctic drilling, according to its December 2021 “Environmental and Social Risk Policy Framework.” However, […]
Superstar media dealmaker having trouble finding attendees exclusive conference
Check out what’s being clicked on FoxBusiness.com People once begged to attend dealmaker Arie Burkov’s so-called “Media Slope” conference. Now, Berkoff and his team are shopping around for conference participants, Fox Business has learned. Byron Allen offers to buy Paramount Global for $14 billion In recent days, officials from Mr. Berkoff’s boutique investment bank, Lion […]
Full-Time Work Is Being Replaced By Part-Time Jobs As Americans And Businesses Struggle
Since June 2023, Americans have been increasingly employed in part-time positions, with a subsequent decline in full-time work, according to data from the Bureau of Labor Statistics (BLS). The number of Americans working part-time in January grew by 96,000 compared to the previous month, while full-time employment sank by 63,000, according to the BLS. The […]
Bezos plans on selling 50 million Amazon shares during next 12 months
Peggy Olin, CEO of Oneworld Properties, spoke about the hype surrounding Amazon’s Jeff Bezos relocating from Seattle to Miami in an interview on Fox News Digital. Jeff Bezos plans to sell a large amount of his Amazon stock next year, according to a filing with the Securities and Exchange Commission (SEC). Amazon, where Bezos is […]
Ford hybrid sales jump in January as EVs slide
Phil Flynn and Tom Maoli discuss the Biden administration’s push to produce electric cars that consumers don’t want on “Evening Edit.” Ford Motor Co.’s electric vehicle sales were weak last month as consumer demand for EVs continued to decline, but total vehicle sales still rose, thanks in part to a surge in hybrid models. Ford […]