EXCLUSIVE: Investment Advisors Warn Top Corporations Diversity Initiatives Are ‘Now A Liability’ Under Trump Admin
Dozens of investment advisors warned America’s biggest corporations Friday that their diversity programs will be a liability under the incoming Trump administration. Americans “overwhelmingly rejected the ideological takeover of political and civic life by narrow-minded identity politics” in the Nov. 5 election, a coalition of 38 financial officers wrote in letters warning companies that the […]
Advance Auto Parts closing hundreds of locations following sluggish performance
See what's being clicked on FoxBusiness.com. advanced auto parts announced plans on Thursday to close more than 700 stores in the United States, aiming to improve performance amid weak consumer demand. The company announced plans to close 523 corporate stores, 204 independently owned stores and four distribution centers by mid-2025. The company also announced that […]
Chipotle shareholder sues company amid portion frenzy
Barron's Roundtable panelists provide economic outlook and analyze Starbucks and Chipotle stocks. Chipotle shareholders are suing the company, claiming they faced “significant losses” due to the alleged portion size reductions that caused an uproar on social media. A proposed class action lawsuit was filed on Monday on behalf of Michael Stratford. Michael Stradford claimed that […]
Capri terminates Tapestry merger citing regulatory hurdles
See what's being clicked on FoxBusiness.com. The luxury fashion brand merger between Capri and Tapestry has officially been called off, the companies announced Thursday. abandon the merger This is because regulatory approval is unlikely. The proposed $8.5 billion merger was first announced in August 2023 but has faced scrutiny from the government. Federal Trade Commission […]
Tucker Carlson Releases ALP Pouches As Alternative To Woke Zyn
Daily Caller co-founder Tucker Carlson announced the official release of his new ALP nicotine pouches Thursday, arguing that Zyn brand pouches are of substandard quality, according to a press release. “There’s no reason consumers should be forced to buy nicotine pouches from soulless, pronoun loving, politicized conglomerates that despise them and their culture,” Carlson said. “With […]
FBI Raids Home Of Polymarket CEO Shayne Coplan After Odds Predicted Trump Win: REPORT
The FBI reportedly raided the Manhattan apartment of Shayne Coplan, the CEO of betting platform Polymarket, early Wednesday after his company’s odds predicted Republican President-elect Donald Trump’s win. Several law enforcement agents descended on 26-year-old Coplan’s New York City residence and rousted him awake at 6 a.m. before demanding he hand over his phone and […]
Biggest bitcoin ETF soars to record high
Anthony Pompliano, founder and CEO of Professional Capital Management, explains why Bitcoin prices are soaring to new highs in Kabuto: Coast to Coast. Bitcoin's record rally is driving a big boost for one exchange-traded fund. The iShares Bitcoin Trust ETF, the largest Bitcoin ETF with $42 billion in assets as of Thursday morning, is up […]
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Michael Buschbacher, Partner at Boyden Gray PLLC, discusses concerns about electric vehicle mandates on “The Bottom Line.” Rivian stock soared more than 15% on Wednesday after the electric car maker announced a $5.8 billion investment from German automaker Volkswagen as part of a joint venture. After Trump was elected president for a second time, Rivian […]
DirecTV scrapping DISH merger | Fox Business
See what's being clicked on FoxBusiness.com. DirecTV announced it is withdrawing from its plan to acquire EchoStar's video distribution service DISH DBS after Dish's bondholders rejected a debt exchange offer from the satellite TV provider. “A successful exchange was a condition of our acquisition of the DISH Video business,” a DirecTV spokesperson said in a […]
Inflation Ticks Up Despite Slowdown In Jobs Market
Inflation rose slightly in October despite a massive slowdown in job growth in the same month, according to a Bureau of Labor Statistics (BLS) report released Wednesday. The consumer price index (CPI), a measure of the price of everyday goods, increased 0.2% on an annual basis in October and rose 2.6% month-over-month, compared to 2.4% in […]