Subway CEO retiring at end of year
Subway North America President Doug Fry gives an update on the $3 Footlong Dipper on “Claman Countdown.” Sandwich chain Subway announced Tuesday that Chief Executive Officer John Chidsey will retire at the end of the year. “It's been an honor to lead Subway during a period of exciting change, and I'm so proud of what […]
Walmart Abandons Trans Products For Kids, DEI Policies
Walmart, the world’s largest retailer, is scaling back its diversity, equity and inclusion (DEI) policies, according to The Associated Press. The retailer confirmed that it would not renew a five-year commitment for a racial equity center created after the death of George Floyd in 2020, it would withdraw from a gay rights index from the […]
Oil Companies May Not Be So Keen To ‘Drill, Baby, Drill,’ Exxon Exec Says
An executive for ExxonMobil said Tuesday that oil firms are not likely to significantly step up production in line with President-elect Donald Trump’s “drill, baby, drill” energy agenda at a conference in London. Trump repeatedly pledged to unleash U.S. oil production on the campaign trail to bring down energy costs and assert America’s will on […]
Macy’s delays quarterly report, claims employee hid $154 million in expenses
FOX Business' Lauren Simonetti breaks down New York City's “Cavuto: Coast to Coast.” Macy's said it will not release its full third-quarter earnings report as scheduled this week after it was discovered that employees “intentionally” concealed up to $154 million in expenses. . The company had been scheduled to release a report on Tuesday morning, […]
‘There Will Be Attrition’: Biden Admin To Slash Handout For Chip Maker In Blow To $39 Billion Manufacturing Push
The White House plans to curtail a multi-billion dollar subsidy for chipmaker Intel as the company dials back on construction projects following record-breaking losses. The manufacturer was the largest beneficiary of the Biden-Harris administration’s 2022 CHIPS and Science Act (CHIPS Act), being awarded $8.5 billion in grants and up to $11 billion in subsidized loans […]
Auto Giants Scrambling To Slash Costs As Massive Bet On EVs, Self-Driving Fizzles
Major automobile companies are attempting to cut costs associated with electric vehicle (EV) lines and autonomous cars after spending heavily on both, according to CNBC. Companies such as General Motors (GM), Stellantis and Ford are taking drastic measures aimed at reducing costs, such as enacting layoffs and making production cuts, according to CNBC. Automakers have […]
Over 10% of South Korea’s workforce is now robotic, survey finds
Anastasia Amoroso, chief investment strategist at iCapital, talks about the sectors investors should avoid on “Making Money.” The World Robotics 2024 annual survey found that just over 10% of South Korea's workforce has been replaced by robots. reportA report released by the International Federation of Robotics (IFR) has found that robotics continues its upward trend […]
Trump unleashes DOGE; stocks, bitcoin and gold keep climbing
Liz Claman, host of “The Claman Countdown,” reports on the soaring price of cryptocurrencies following SEC Chairman Gary Gensler's decision to resign following President Trump's inauguration. – While President-elect Trump is busy building his cabinet, the DOGE team is already hard at work. – Wall Street CEO selected as Treasury Department favorite after tight race […]
EXCLUSIVE: Yeti Accused Of Going ‘Full Woke’ After Years Pushing DEI, Sponsoring Trans Ideology For Kids
Conservative nonprofit organization Consumers’ Research on Friday accused Yeti, a premium outdoor gear brand, of going “full woke” by promoting Diversity, Equity, and Inclusion (DEI) initiatives, including sponsoring transgender ideology for children. While the push for DEI initiatives appeared to slow in 2023 as American companies tightened budgets amid economic uncertainty, Yeti continued to promote […]
ETFs: what they are and how to make money with them
Meb Farber, Founder and Chief Investment Officer of Cambria Investment Management, discusses how investors position their portfolios and provides new tax-aware tips on how to make money. Discuss ETFs. Exchange-traded funds (ETFs) have been all the rage this year, with more investors flocking to the opportunities they offer. This trend may have some people wondering […]