Trump To Announce All-Hands-On-Deck Approach Seeking Foreign Investment In US Economy
Former president and Republican presidential nominee Donald Trump is expected to announce on Tuesday a plan to prevent American businesses from offshoring jobs and to invest in the American economy, according to The Associated Press. Trump is planning to announce a plan for offering foreign companies access to federal land in hopes of enticing them […]
Boeing makes ‘final’ offer of 30% wage increase to striking workers
Third Bridge's head of global analyst Peter McNally talks to The Big Money Show about how the Boeing factory worker strike is affecting business. Aerospace giant Boeing has raised its offer to tens of thousands of striking union employees to what the company calls its “best and final contract offer.” Boeing's latest proposal to members […]
How Intel became a takeover target
Writing in Varney & Company, Great Hill Capital Chairman Thomas Hayes analyzes the new retail sales data and whether the Fed's rate cut matters for the market. Intel was once the world's most valuable semiconductor company, but its steady decline in recent years has left it in a precarious position. According to multiple reports, the […]
FTC Chair Lina Khan defends merger and acquisition crackdown
Federal Trade Commission Chairwoman Lina Khan In an interview aired on Sunday, the minister defended the agency's role in policing mergers and acquisitions, saying companies were causing inflation. Khan was interviewed by Lesley Stahl on CBS News' “60 Minutes” at a town hall hosted by Khan and Rep. Alexandria Ocasio-Cortez (D-NY). The FTC chairman said, […]
Southwest warns employees of ‘difficult decisions’ ahead: report
Jack Otter and panelists join “Barron's Roundtable” to discuss Southwest Airlines' decline in popularity and how to turn it around. Southwest Airlines has warned employees that “difficult decisions” are looming amid pressure from activist investor Elliott Investment Management to boost profits. The Dallas-based airline's chief operating officer, Andrew Watterson, said in a video to employees […]
Motel 6 sold to India-based OYO hotels for $525 million: ‘New chapter’
Motel 6's parent company has been acquired by India-based OYO Hotels in an all-cash deal worth $525 million, according to a press release. (Source: File) India-based hotel operator OYO is acquiring Motel 6 parent company G6 Hospitality in an all-cash deal worth $525 million, according to a statement from Blackstone Real Estate. Oravel Stays, which […]
How the Fed’s jumbo interest rate cut will impact your wallet
Brian Belski, chief investment strategist at BMO Capital Markets, talks about the importance of stock selection on “The Claman Countdown.” Stocks extended their solid weekly gains as the Dow and S&P 500 held on to record highs. The rise came after the Federal Reserve cut interest rates for the first time since March 2020. A […]
GM recalling 450,000 trucks, SUVs that don’t issue brake fluid warning
NASCAR driver Christopher Bell talks about his win at Phoenix Raceway on “Varney & Co.” ahead of the Food City 500 at Bristol Motor Speedway. General Motors has issued a recall involving about 450,000 trucks and SUVs that may have a faulty brake fluid warning light. The recall includes the 2023 Chevrolet Silverado 1500, GMC […]
Caterpillar makes policy changes in yet another corporate DEI rollback
Former Levi Strauss senior marketing executive Jennifer Say explains on The Big Money Show why some of America's biggest companies are backsliding on DEI practices. Heavy equipment manufacturer Caterpillar The company is reviewing and making changes to its diversity, equity and inclusion (DEI) policies amid increased scrutiny of DEI efforts at companies across the country. […]
Ford recalls 144,500 Maverick trucks due to rearview camera display issue
National transportation expert Mike Caudill spoke on “The Big Money Show” about the history of the Ford Mustang and revealed the automaker's plans for the future. Ford is recalling about 144,500 Maverick pickup trucks over concerns that the rearview camera display may show a frozen image when backing up. The recalled 2022-2024 Maverick trucks are […]