Job Cuts Soar As Employers Look For Ways To Lower Costs
The number of job cuts by American employers surged in January as companies looked to lower operating costs to adjust to harsh economic conditions, according to outplacement firm Challenger, Gray and Christmas, Inc. The number of positions cut by employers in January jumped 136%, with 82,307 positions cut compared to the 34,817 cut in December, […]
Ford reveals redesigned 2025 Explorer which features new digital experience
The Floor Show panelists Gabriela Santos and Andy Brenner react to the Federal Reserve’s decision to keep interest rates unchanged on Craman Countdown. ford motor company announced the new 2025 Ford Explorer on Thursday. This will be the first vehicle to feature Ford Digital Experience, a technology designed to improve customer connectivity. “From the beginning, […]
Byron Allen offers to buy Paramount Global for $14B
Laura Martin, senior media and internet analyst at Needham & Company, discusses Netflix’s wild trading range ahead of earnings on Making Money. Inner mogul Byron Allen The company is making another bid to buy Paramount Global after its bid last year failed to gain traction. Allen Media Group has offered $14.3 billion to acquire Paramount […]
H&M CEO quits as fashion group fails to keep up with rivals
See what’s being clicked on FoxBusiness.com H&M on Wednesday replaced Helena Helmarsson as CEO and replaced company veteran Daniel Elber as CEO as the Swedish fashion retailer’s performance lagged behind rivals such as Inditex and Shein. He made an unexpected announcement. H&M’s shares fell 12% as the company revealed sales fell 4% in December and […]
Boeing CEO says company has ‘much to prove’
Aviation expert Peter Rehm discussed reports on the Evening Edit that an Alaska Airlines jet was missing several bolts when it left a Boeing factory. Boeing President and CEO Dave Calhoun said Wednesday that the company is working to restore confidence after a door plug panel flew off one of its 737 Max 9 planes […]
Former Boeing Exec Explains Why He Would ‘Absolutely Not’ Fly In MAX Plane
An ex-Boeing manager revealed he would never fly in a MAX airplane, and a former Boeing engineer advised travelers to avoid them. “I would absolutely not fly a Max airplane,” Ed Pierson, an ex-Boeing senior manager, told the LA Times. “I’ve worked in the factory where they were built, and I saw the pressure employees […]
Fed Continues Rate Pause With Cuts On The Horizon
The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate, but does project rate cuts later this year. The Fed’s decision not to raise rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the fourth meeting in a row where the Fed chose […]
Bud Light sales down nearly 30% year over year as rivals continue to climb
UFC President Dana White has responded by creating the official Bud Light UFC beer after the beer giant faced intense backlash for partnering with trans activist Dylan Mulvaney on Hannity. Anheuser-Busch InBev’s beleaguered Bud Light brand is still struggling to bring back the customers it lost after last year’s controversial partnership with transgender activist Dylan […]
‘What The Hell Were You Thinking?’: Ted Cruz Confronts Mark Zuckerberg On Instagram Reportedly ‘Helping Pedophiles’
Republican Texas Sen. Ted Cruz grilled Meta CEO Mark Zuckerberg during a hearing on Wednesday about Instagram allegedly assisting pedophiles in accessing inappropriate child sexual content. Cruz referred to investigative reporting by The Wall Street Journal exposing that numerous pedophiles have exploited Instagram’s algorithms and networking features for predatory activities during the Senate Judiciary Committee […]
Walmart announces 3-for-1 stock split
Walmart US CEO John Farner shares lessons learned that help him lead the company today. Walmart Inc. announced a 3-for-1 stock split that eases barriers for employees and investors to purchase stock. The Arkansas-based company said the stock split is part of its “continuous review of optimal trading and spread levels and wants our employees […]