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 […]
Major Union Continues To Withhold Endorsement Of Biden Despite Dem Efforts
United Auto Workers (UAW) President Shawn Fain told reporters Monday that the union has still not made a decision on who it will endorse in the 2024 presidential election, despite President Joe Biden’s efforts to woo the key Democratic voting bloc, according to Reuters. Fain noted that the UAW would hold a formal discussion on […]
Exxon Mobil files lawsuit to block activist investors’ climate proposal
Chevron Chairman and CEO Mike Wirth talks about the Hess acquisition, Biden policies, and rising oil demand and reliability. exxon mobil filed a lawsuit in Texas court on Sunday seeking to block activist investors from bringing climate change proposals to a vote at the company's shareholders meeting in May. The lawsuit marks the first time […]
Trump’s 2024 Prospects Prompt Wall Street Execs To Stop Opposing Him As Some Mull Support: REPORT
Numerous Wall Street executives are stopping their resistance to former President Donald Trump’s 2024 reelection campaign, CNBC reported. With Trump’s ascent toward becoming the potential Republican nominee, Wall Street executives have strategically opted not to express verbal resistance to him, over 12 individuals familiar with the situation told CNBC. Some executives are even open-minded to […]
Dow blows past 38,000 in new milestone
Ken Fisher, founder of Fisher Investments, reveals why an aging population signals progress in making money. The Dow Jones Industrial Average rose above 38,000 for the first time in just 25 days, marking the shortest time to rise 1,000 points since 2021, according to tracked by Dow Jones Market Data Group. Ta. ticker safety last […]
These Airlines Have Diversity ‘Representation’ Goals. Here’s Why They Might Be Illegal
Several major airlines and one aircraft manufacturer that promote diversity “representation” goals on their websites may be in violation of civil rights laws, according to several legal experts. Following a door flying off of a Boeing 737-9 Max jet mid-flight, as well as the grounding of more than 170 planes, airlines and airplane manufacturers have […]
SolarEdge eliminating 16% of jobs
Former Energy Secretary Rick Perry talks about the future of nuclear energy and fossil fuels on “Varney & Co.” SolarEdge, which makes inverters for solar panels, will cut about 16% of its workforce. The company announced Sunday that approximately 900 people will lose their jobs in a restructuring plan “designed to reduce operating expenses and […]
Corporations Try To Bury Their ‘Diversity’ Programs ‘Under The Radar’ After Backlash
Many corporations are reforming their diversity, equity and inclusion (DEI) initiatives to be less overt in response to recent backlash, The New York Times reported on Monday. Hundreds of firms recently have been reassessing their DEI programs after the Supreme Court ruled against race-based college admissions in June, prominent business executive resistance and technology layoffs […]
China Sees Huge Spike In Foreclosures As Real Estate Crisis Threatens Economy
The number of properties in China that were foreclosed upon reached a record high in 2023 as the country’s debt-laden real estate sector continues to inhibit China’s economic recovery, according to Reuters. The total number of property foreclosures, which includes commercial, residential and industrial properties as well as land, garages and parking spaces, added up […]
Barstool Begins New Partnership With Rumble
Rumble announced Monday its new partnership with Barstool Sports which will allow users to access all of Barstool’s content. The new partnership will also allow users to watch Barstool Sports livestreams, and in return, Barstool will promote Rumble “as their preferred video home” to bring advertisers to the video streaming service. Dave Portnoy, the founder of Barstool […]