American Auto Giant Lays Off Hundreds Of US Workers
A major American auto manufacturer reportedly laid off about 1,000 of its employees on Monday, including about 600 workers based in the U.S. in a bid to streamline current operations. General Motors (GM) is making cuts in its software and services business, which was recently put under the command of two former Apple executives in […]
‘He’s A Brilliant Guy’: Donald Trump Says He’s Open To Elon Musk Having Role In His Administration
2024 Republican presidential nominee Donald Trump said Monday that billionaire Elon Musk may have an advisory role in his administration if he is reelected in November. Trump told Reuters that he would consider having Musk as an adviser or in a cabinet position during an interview in York, Pennsylvania. “He’s a very smart guy. I […]
‘When You Lose The Editorial Board Of The Washington Post’: Karl Rove Calls Harris’ First Policy Speech A ‘Disaster’
Former George W. Bush administration official Karl Rove said Monday that Vice President Kamala Harris gave former President Donald Trump a “wonderful opportunity” by calling for price controls. Harris introduced the proposal, which would reportedly allow the Federal Trade Commission to impose “harsh penalties” for “price gouging” by grocery stores during a Friday speech in […]
GM conducting layoffs in software and services division
See what’s clicking on FoxBusiness.com. General Motors is laying off employees in its software and services division. The layoffs will affect 600 workers in Warren, Michigan, where GM has its global technical center. GM did not disclose the total number of employees affected by the cuts. The layoffs affect 600 employees in Warren, Michigan, where […]
Kamala Harris Looks To Jack Up Corporate Tax Rate As President
Vice President Kamala Harris is looking to raise the corporate tax rate to 28% if elected president, NBC News reported on Monday. The federal corporate tax rate in the U.S. is currently 21%, as enshrined in former President Donald Trump’s 2017 Tax Cuts and Jobs Act. But Harris seeks to move the tax rate to […]
Value of gold bar hits $1 million after prices rise
In “Making Money,” Strategic Intelligence editor Jim Rickards discusses whether gold has the potential to replace the U.S. dollar as the world’s primary currency. The price surge meant that for the first time in history, a single gold bar was worth $1 million. The 400 troy ounce gold bar has reached the $1 million mark […]
Corporate America Considers Throwing Support Behind Harris Despite Targeting Their Profits: REPORT
A considerable share of business leaders may be considering backing Vice President Kamala Harris despite concerns her economic policies could cut into their profits through oppressive taxes and regulations, according to the Financial Times. The Harris campaign has garnered strong support from Democratic donors, lawmakers, and political figures and could now be attracting the backing of […]
7-Eleven parent company facing possible acquisition
See what’s clicking on FoxBusiness.com Alimentation Couche-Tard is considering buying another major convenience store company, Seven & I, which owns the popular 7-Eleven convenience store chain. The Canadian company, whose brands include Couche-Tard, Circle K and Ingo, “recently sent a” friendly but non-binding proposal” to Japan-based Seven & i, Couche-Tard said in a press release […]
Economist Warns Harris’ Corporate Tax Hike Could Slash Americans’ 401(k)’s By Double Digits
Economist and TrendMacro Chief Investment Officer Don Luskin warned Tuesday on Fox Business’ “The Evening Edit” that Vice President Kamala Harris’ proposal to increase corporate taxes could potentially cut 13% from Americans’ 401(k)s. On Monday, Harris’ campaign confirmed her proposal to raise corporate taxes by 7%, pledging to increase them from 21% to 28% if […]
BMW recalls 720K vehicles with risk of water pump connector short circuit
See what’s clicking on FoxBusiness.com. BMW recently initiated a recall of approximately 720,800 vehicles across multiple models in response to the risk of a short circuit in the water pump connector. NHTSA said the recall covers 2012-2015 X1 sDrive28i and X1 xDrive28i vehicles, 2012-2016 Z4 sDrive28i, 528i, 528i xDrive, 328i and 328xi vehicles, 2016-2018 X5 […]