Tesla CEO Elon Musk celebrates results
Keith FitzGerald, president of FitzGerald Group, is looking at the top and bottom stocks before the market opens on Monday. Tesla did not disappoint, and CEO Elon Musk has made that clear. “It's remarkable that Tesla is profitable despite a very challenging environment, and in fact this is a record third quarter for us,” he […]
Costco’s Neflix moment big win
Keith Fitz-Gerald, president of Fitz-Gerald Group, highlighted stocks of Costco, Palantir, and Lockheed Martin ahead of the market open. Costco's introduction of membership card scanners in front of U.S. stores is still being rolled out, but the move is already a big win for the wholesale club. Morgan Stanley analysts said in a note this […]
Apple and Goldman Sachs ordered to pay $89M over Apple card failures
Barron's market reporter Jacob Sonnenschein reports that Apple and Google face billions of dollars in taxes and penalties after the European Union Supreme Court ruled against them in Barney & Co. I reacted to what I owed. The Consumer Financial Protection Bureau (CFPB) on Wednesday ordered Apple and Goldman Sachs to pay $89 million over […]
Starbucks CEO says company will fix ‘overly complex menu’ to reverse sales slump
Stacey Widlitz, founder of SW Retail Advisors, analyzes why Starbucks' stock price is soaring after announcing a new CEO on “Craman Countdown.'' Starbucks CEO Brian Nicol said the company plans to simplify its menu and revise its pricing strategy to win back customers and reverse declining sales. Nicol, who left Chipotle in August to lead […]
Boeing CEO on third-quarter earnings: ‘Trust in our company has eroded’
Keith Fitz-Gerald, president of the Fitz-Gerald Group, is looking at the top and bottom stocks before the market opens on Monday. Boeing CEO Kelly Ortberg said Wednesday that “confidence in our company has been eroded,” and laid out plans for the aerospace giant to regain its industry leadership position while addressing financial challenges. Who was […]
Americans shift to more affordable cars as prices, insurance costs increase nationally: report
Boyden Gray PLLC Partner Michael Buschbacher discusses concerns about electric vehicle mandates on “The Bottom Line.” With more affordable cars on the U.S. market and inflation still continuing, average U.S. car prices appear to be out of reach for most consumers. The average price of a car sold in America before 2020 was about 20% […]
Denny’s to close 150 restaurant locations
See what's being clicked on FoxBusiness.com. Denny's Corporation will close 150 Denny's restaurants under its umbrella. The company, which owns the Denny's and Keke's Breakfast Cafe chains, announced that those Denny's stores will close by the end of 2025. Dozens of those 150 restaurants are scheduled to close this year, according to an investor presentation […]
Biden-Harris Admin Airdropping Taxpayer Cash, Tax Credits For Manufacturing In Michigan As Election Nears
The Biden-Harris administration invested in two major manufacturing projects in the key swing state of Michigan with just weeks left before election day. The administration handed out a “significant” tax credit to a $900 million manufacturing project in Michigan on Tuesday, according to The Detroit News. The report comes after the Department of Commerce signed […]
Honda recalls over 720K vehicles for risk of cracks, leaks in fuel pump
See what's being clicked on FoxBusiness.com. Honda is recalling approximately 720,800 vehicles across multiple models due to possible defects in parts within the high-pressure fuel pumps. The recalled 2023-2024 Honda Accord and Accord Hybrid, 2025 Honda Civic and Civic Hybrid, and 2023-2025 Honda CR-V Hybrid vehicles have cracks in the high-pressure fuel pump parts. The […]
Police Arrest Former CEO Of Abercrombie & Fitch As Part Of FBI’s Sex Trafficking Investigation
Authorities arrested the former CEO of Abercrombie & Fitch, Mike Jeffries, on Tuesday in a criminal sex trafficking investigation led by the FBI and federal prosecutors in New York. His partner, Matt Smith, and a third individual, Jim Jacobson, were also arrested, according to ABC News. The investigation concerns the alleged sexual exploitation and abuse […]