Investment bankers say Trump mergers and acquisitions boom already underway
Constellation Research CEO R 'Ray' Wang and Heritage Foundation financial economist EJ Antoni join Mornings with Maria to discuss the outlook for 2025. With one week left until President-elect Donald Trump's official inauguration, investment bankers say a boom in Trump-related deal making has already begun, exploding trading activity that had been stymied by the regulatory-heavy […]
You Might Have Missed It, But Biden’s IRS Is Going On A Last-Minute Spending Binge
The Biden-Harris administration’s Internal Revenue Service (IRS) greenlit roughly $2.4 billion in automatic stimulus payments that will be disbursed to eligible Americans by late January. The IRS is issuing the payments to Americans who did not claim the Recovery Rebate Credit on their 2021 tax returns and did not receive the economic stimulus payments sent […]
Meta cutting 5% of workforce through performance-based attrition
Meta CEO Mark Zuckerberg recently appeared on Joe Rogans' podcast, and the two discussed the company's culture shift in a wide-ranging interview. Facebook's parent company, Meta, announced Tuesday that it plans to cut its workforce, focusing on its worst-performing employees, according to an internal memo to Meta's employees. “We have decided to raise the bar […]
Small Business Optimism Soars To Highest Level In 6 Years Ahead Of Trump’s Return
Small businesses’ optimism reached a six-year high in December following the results of the 2024 presidential election, according to a survey released Tuesday from the National Federation of Independent Business (NFIB). The NFIB’s Small Business Optimism Index, a measure of the outlook of small business owners about the future of their business and the economy, […]
Southwest to pause some hiring, summer internships in cost-cutting measure
Gary Kaltbaum, president of Kaltbaum Capital Management, analyzes Nvidia and Southwest Airlines for Varney & Co. Southwest Airlines is aiming to cut costs by canceling some hiring and most summer internships. “As we focus on reducing costs, we are limiting discretionary expenses, including hosting this year's Southwest Rally,” a Southwest Airlines spokesperson told FOX Business. […]
‘A Huge Win’: Woke Climate Cartel Goes Belly Up
The Net Zero Asset Managers (NZAM) coalition — a United Nations–sponsored collection of financial services companies that have pledged to negate their portfolio’s greenhouse gas emissions by 2050 or sooner — suspended activities after investment firm BlackRock announced its departure from the group, according to a press release. BlackRock, which manages over $10 trillion and has been […]
Apple’s board recommended shareholders reject DEI rollback proposal
Keith FitzGerald, chief investment officer at FitzGerald Group, analyzes Apple and explains why Barney & Co.'s Palantir stock is worth $100 a share. Apple's board of directors asked shareholders to reject a proposal to end its diversity, equity, and inclusion (DEI) program, calling the measure “unnecessary.” iPhone maker defends its DEI program following Supreme Court […]
Is DEI dying? Here’s the list of companies that have rolled back the ‘woke’ policies
Panelists Jennifer Say and Daniel Cameron discuss how major companies are rolling back DEI and environmental, social, and governance programs on “The Bottom Line.” While most major U.S. companies still have diversity, equity, and inclusion (DEI) programs in place, the list of companies reversing so-called “woke” efforts has recently grown. Last year, many companies announced […]
MoonPay acquires Helio for $175M to expand crypto payments infrastructure
Sound Planning Group CEO David Stryzewski talks about big tech stocks weighing on the market, jobs data, and whether silver will drive the U.S. economy. Cryptocurrency payments platform MoonPay acquires blockchain payments processor Helio for $175 million, marking the beginning of what could be a series of strategic mergers in the digital assets space under […]
‘Midnight Rulemaking’ From Liz Warren’s Favorite Agency Spells Even More Bad News For Cash-Strapped Americans
The Consumer Financial Protection Bureau (CFPB) issued a new rule Tuesday that will hide nearly $50 billion in medical bills from credit reports, a move that could ultimately make life harder for everyday Americans who are already struggling to get by. The agency, which Democratic Massachusetts Sen. Elizabeth Warren and current director Rohit Chopra worked […]