Lawyers who sued to void Musk’s Tesla pay plan unlikely to get ‘windfall’ fees
Panelists Al Root and Jack Otter discuss how Tesla shareholders voted to reinstate a roughly $50 billion compensation package on Barron's Roundtable. Lawyers file lawsuit seeking Tesla CEO's resignation Elon Musk's $56 billion compensation package They are seeking $6 billion in legal costs, but their demands could run afoul of a new court ruling that […]
Custodia Bank laying off employees as Biden admin’s crypto crackdown weighs on digital asset industry
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. The Biden administration's tightening of regulations on cryptocurrencies has led to major restructuring at some of the smaller but better-known crypto banks. Custody Bank, a Wyoming-based financial institution that provides banking services to cryptocurrency companies, notified employees on Thursday […]
EXCLUSIVE: ‘I Can’t Continue’: Business Owner Tells GOP Senator Of Crushing Effects From Biden-Harris Inflation
A small business owner spoke with Republican Tennessee Sen. Marsha Blackburn about how stubbornly high inflation under the Biden-Harris administration is impacting the company’s bottom line. Jeni Donahue, the owner of Artistic Printers, a family-owned print shop in Greenville, Tennessee, told Blackburn how rising costs are forcing them to raise prices and limit hiring in […]
Dollar General stock slides as earnings show soft consumer demand
Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” Dollar General The stock plunged 27% on Thursday after the company reported second-quarter results that showed weakening consumer demand and lowered its full-year sales and profit forecasts. The company's operating profit […]
Number of crypto millionaires surges in 2024
As investors grow concerned about a recession, Invest Diva CEO Kiana Danial provides insight into the volatile US markets on “Cavuto: Coast to Coast.” $1 million is a lot of money, and the number of people holding that amount or more in cryptocurrency has skyrocketed over the past year. of Cryptocurrency Asset Report 2024 According […]
Nvidia’s earnings beat Wall Street’s estimates as AI momentum continues
Speaking on “Making Money,” Beth Kindig, chief technology analyst at I/O Fund, explains what's causing Nvidia's recent stock price decline. Artificial intelligence giant Nvidia The company reported its latest second-quarter results on Wednesday, which beat analyst expectations thanks to the company's continued AI-driven momentum. Wall Street According to LSEG data, NVIDIA is expected to report […]
‘Never Gonna Happen’: CNBC Anchors Tag Team Harris Advisor After He Claims Attacks On Tax Plan Are ‘Funny’
CNBC anchors Joe Kernan and Becky Quick pressed former Biden administration official Bharat Ramamurti on Vice President Kamala Harris’ support for taxing “unrealized” capital gains taxes Wednesday. Harris endorsed a plan to tax unrealized capital gains for those with more than $100 million in assets, according to The Wall Street Journal. Quick raised an objection […]
Buffett’s Berkshire hits $1 trillion market cap, first non-tech firm to do so
Jack Oliver, Managing Partner at RBO & Co., discusses his investment strategy and reveals his stock picks. Market value Warren Buffett's Berkshire Hathaway The company's market capitalization surpassed $1 trillion for the first time on Wednesday, making it the first non-technology company in the United States to reach that level. Buffett's company joins six other […]
Red Lobster bankruptcy forces CEO switch
Celebrity chef Andrew Gruelle speaks out about the rising costs of doing business in California as his beloved fast-food chain is forced to close 48 locations across the state. The group seeking court approval to buy Red Lobster has chosen former PF Chan CEO Damola Adamolekun to run the embattled seafood chain as it emerges […]
‘I’m Spending $500!’: Virginia Voter Vents About Inflation Under Biden-Harris Admin On CBS
A voter in Virginia described his frustration at how his grocery bill had more than doubled from $200 to $500 in the past several years under the Biden administration to a CBS reporter Tuesday. Since President Joe Biden and Vice President Kamala Harris took office in January 2021, prices have increased by more than 20%, […]