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 […]
Judge Slams Brakes On Elon Musk’s Record-Breaking $56 Billion Tesla Pay Package
A Delaware judge invalidated billionaire Elon Musk’s $56 billion pay package from his electric car company Tesla on Tuesday, according to court documents. Chancellor Kathaleen St. Jude McCormick determined that Tesla’s board of directors failed to substantiate the justification for the compensation plan, which was tied to Musk’s performance as CEO, according to the ruling. […]
Trump To Meet With Massive Union As He Battles Biden For Big Labor Support
Former President Donald Trump will meet with both leadership and rank-and-file members of the International Brotherhood of Teamsters on Wednesday in a bid to expand union support. The meeting is part of a presidential roundtable with a few Teamsters members, the union executive board, the General President Sean O’Brien and the General Secretary-Treasurer Fred Zuckerman […]
Major Apparel Company’s Political Arm Funnels $71 Million Toward Climate, Dem Orgs: REPORT
Over $70 million of apparel company Patagonia’s profits have been used to fund Democratic groups, green initiatives and other causes since September 2022, The New York Times reported on Tuesday. Patagonia channels all its profits, excluding those reinvested in the company, through an entity named Holdfast Collective, which has established and oversees five different 501(c)(4) […]
Judge rules in favor of plaintiffs challenging Elon Musk’s Tesla pay package
Nicholas Wealth Management President and Founder Reveals Which Big Tech Stocks Will Explode at Barney & Company. A Delaware judge has ruled in favor of Tesla investors who challenged a $56 billion compensation package. Tesla CEO Elon Muskthe court filing showed. “This decision boldly steps “where no one has gone before, at least where no […]
Business Groups File Suit Against California Law Requiring Climate Disclosures
A coalition of business interest groups filed a lawsuit on Tuesday seeking to overturn a California law that would mandate thousands of companies report their greenhouse gas emissions. The lawsuit was filed by the U.S. Chamber of Commerce and the American Farm Bureau Federation, along with four groups in California, alleging that the mandate constitutes […]
GM to cut spending on robotaxi unit Cruise in half
CyberGuy’s Kurt Knutsson joins “The Big Money Show” to discuss San Francisco’s new law allowing self-driving car tickets. general motors The company announced Tuesday that it will cut spending on its robotaxis division Cruise by half, or about $1 billion, in 2024. The company is looking to refocus the division after a pedestrian accident temporarily […]
GAME CHANGER: New Beer Dispenser Fills Glass From The Bottom Up
The beer game has changed! A new kind of beer dispenser is filling up cups from the bottom, freeing up bartenders while ensuring a perfect pour (if that’s still the right word) every time. Meet the Bottoms Up glass! Bottoms Up Draft Beer Systems CEO Josh Springer created the nifty invention back in 2008 after […]
Shipping Giant To Lay Off Thousands Of Employees As Union Deal Hampers Profits
The United Parcel Service (UPS) announced Tuesday that it would be laying off 12,000 employees in a bid to adjust to higher labor costs from a new labor union deal. UPS reached a deal with the International Brotherhood of Teamsters in July 2023, just days before an existing labor contract for 340,000 delivery drivers was […]
Toyota tells owners of 50,000 cars not to drive due to Takata air bags
Check out what’s being clicked on FoxBusiness.com Toyota is asking owners of 50,000 cars not to drive their vehicles, citing problems with airbags that can cause “serious injury or death.” The airbags in the affected vehicles are “subject to an emergency airbag safety recall” because they are “involved in the Takata airbag recall,” the automaker […]