August Job Growth Below Expectations As Unemployment Falls
Unemployment fell in August for the first time since March, ticking down to 4.2% as the U.S. economy added 142,000 nonfarm payroll jobs, according to Bureau of Labor Statistics (BLS) data released Friday. Economists anticipated that the country would add 161,000 nonfarm payroll jobs in August compared to the 114,000 added in initial estimates for […]
Mark Cuban Says Kamala Harris Would ‘Kill The Stock Market’
Billionaire investor Mark Cuban warned that 2024 Democratic presidential nominee Kamala Harris’s economic plan would “kill the stock market” Thursday on CNBC’s “Squawk Box.” Harris proposed increasing the capital gains tax rate to 28% during an economic policy speech Wednesday in New Hampshire. Cuban, who is part of a group of over 800 venture capitalist […]
Volvo Abandons 2030 EV Target As Market Woes Continue
Swedish automaker Volvo Cars said on Wednesday that it is scrapping its goal of going fully electric by 2030 as the electric vehicle (EV) market continues to struggle. The company announced it now aims for between 90% and 100% of its cars to be fully electric or plug-in hybrids by the end of the decade, […]
Disney leak included personal information for some cruise line workers: report
See what's clicking on FoxBusiness.com. Information leaked from The Walt Disney Company earlier this summer included cruise line employee passport numbers, revenue from Disney+ and Genie+ (now Lightning Lane), and guest data. In July, a Russia-based group of self-described artists' rights hacktivists known as “Nullbulge” uploaded 1.1 terabytes of data from an internal Slack channel […]
Modelo and Corona parent company says weak wine demand could impact earnings
See what's clicking on FoxBusiness.com. Constellation Brands is experiencing weak demand in its wine and spirits segments, which the alcohol producer recently said will hurt its second-quarter results. The company said Tuesday it expects to take a non-cash goodwill impairment charge of between $1.5 billion and $2.5 billion on its wine and spirits division in […]
BlockDAG latest crypto firm to score deal with major European soccer clubs
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. Cryptocurrency teams up with major European football club to usher in a new era of sports marketing. Sponsorship deals between cryptocurrency companies and big-name soccer teams have been particularly hot this season, with the latest deals involving blockchain company […]
Boing faces a strike of about 32,000 workers
Bank of America senior aerospace analyst Ron Epstein shared his thoughts on the current state of aerospace giant Boeing as the company names a new CEO. Aerospace giant Boeing The company faces a new challenge: a strike by 32,000 workers that could begin this month if the company and the union cannot reach an agreement. […]
Toyota recalls 43,000 hybrid SUVs in US because their tow hitch covers could fall off
Barron's Roundtable panelists discuss Toyota's stock hitting an all-time high this week and how a slowdown in EVs could impact Ford and General Motors. Toyota is recalling more than 43,000 Sequoia hybrid SUVs because of a tow hitch cover that could come off. Toyota said that if the tow hitch cover detaches from the rear […]
Ford recalls over 90K vehicles in response to risk of engine intake valve breaking
See what's clicking on FoxBusiness.com. A recall of approximately 90,700 Ford and Lincoln vehicles is underway. The Michigan-based automaker said in a recall report to the National Highway Traffic Safety Administration (NHTSA) that the reason for the recall was due to a risk that the engines of the affected 2021-2022 Ford Bronco, Ford Edge, Ford […]
Dow record, Buffett’s $1 trillion win and Boar’s Head’s crisis
Former CEO of the Federal Reserve Bank of St. Louis James Bullard discusses interest rate cuts and the labor market on “The Craman Countdown.” U.S. stocks ended a mixed week and month with healthy gains as investors headed into the long Labor Day weekend, with the Dow Jones Industrial Average hitting a new record high […]