CVS In DC Will Close Due To Teen Theft Epidemic
A CVS store in Washington, D.C., will close next month due to teenage theft. The drugstore chain announced the Feb. 29 closure of its Columbia Heights location following rampant ransacking of the store by young thieves, WUSA 9 reported. Prescriptions from the shuttering store will be transferred to the CVS at 1755 Columbia Road, company […]
Longtime Tesla shareholder calls Elon Musk the most ‘delusional’ CEO he’s ever invested with
Ross Gerber, president and CEO of Gerber Kawasaki, analyzes demand for Tesla EVs in “Craman Countdown.” One of Tesla's most loyal and longtime shareholders is expressing wavering confidence in the electric vehicle (EV) company with Elon Musk at the helm. “Most of our customers own Teslas,” Ross Gerber, president and CEO of Kawasaki Wealth and […]
The South Is Rising: Dixie States Are Growing While The Northeast Shrinks
Over the past few years, states in the American South have come to economically surpass the Northeast, owing to policies like lower taxes and better business environments spurring prosperity and population growth, experts told the Daily Caller News Foundation. The gross domestic product of Florida, Texas, Georgia, the Carolinas and Tennessee surpassed the cumulative economy […]
Elon Musk-led Tesla releases earnings today: What is in store?
Ross Gerber, president and CEO of Gerber Kawasaki, analyzes demand for Tesla EVs in “Craman Countdown.” Tesla will release its latest financial results on Wednesday afternoon. Shareholders and analysts will be watching closely. The announcement comes as Tesla's stock price has risen more than 45% in the past 12 months. Meanwhile, the company's market capitalization […]
eBay to eliminate 1,000 roles, reducing full-time workforce by 9%
Piper Sandler Managing Director and Shared Research Economist Jake Obina discusses the shift from an inflation focus to an unemployment focus and the looming risk of a recession on Morning with Maria. eBay will begin cutting approximately 9% of its workforce (approximately 1,000 full-time roles) in an effort to “better position eBay for long-term, sustainable […]
Hollywood Spent Years Kowtowing To Beijing. Now, Their Movies Are Tanking
The American film industry has attempted to woo China by appealing to the country’s censors since the 1990s, but Chinese audiences aren’t buying in anymore, according to The New York Times. There were no American pictures among the top ten highest-grossing films in the Chinese market in 2023, the first time this has happened in […]
The rear windows of one of Honda’s top reliable vehicles are shattering
Check out what's being clicked on FoxBusiness.com Honda plans to fix an issue in the 2023 Honda HR-V SUV that has received hundreds of complaints from consumers about the rear window breaking unexpectedly. The National Highway Traffic Safety Administration (NHTSA) has posted numerous complaints on its website about windows breaking on their own without any […]
Unionization Rate Falls To Record Low Despite Biden’s Efforts To Bolster Organized Labor
Though the Biden administration pursued several policies aimed at boosting organized labor, the union membership rate fell to an all-time low in 2023, according to Bureau of Labor Statistics (BLS) data released Tuesday. Just 10% of American wage and salary workers were union members in 2023, down from the previous all-time low of 10.1% in […]
China Looks To Huge Stimulus Package To Prop Up Ailing Stock Market
The Chinese stock market has had a precipitous drop since the start of 2024 as the economy fails to recover to pre-COVID-19 pandemic levels, prompting a possible government stimulus, according to Bloomberg. The Chinese Communist Party is considering mobilizing the equivalent of $278 billion from offshore state-owned enterprises to buy shares in the country’s rapidly […]
GE shares fall as first-quarter outlook disappoints
Check out what's being clicked on FoxBusiness.com General Electric Co.'s stock rose Tuesday after the company reported lower-than-expected profit for the current quarter, despite a better-than-expected fourth-quarter profit on strong demand for parts and services from its jet engine business. It fell as a result. The Boston, Massachusetts-based company expects adjusted earnings to range from […]