Disney Agrees To Wrongful Death Trial After Facing Blowback For Trying To Dodge Case
Disney has reportedly decided to let a wrongful death lawsuit in Florida proceed in court, reversing its earlier push for arbitration due to a Disney+ subscription. Walt Disney Co. has agreed to have a wrongful death lawsuit brought by a widower decided in court, reversing its earlier position that the case should be settled through […]
Ford cancels plans for electric three-row SUV
See what’s clicking on FoxBusiness.com. Ford is scrapping plans for an all-electric three-row SUV. The company said Wednesday it will not produce the vehicle and instead plans to “utilize hybrid technology for our next three-row SUV.” The company said the discontinuation of the SUV will result in an impairment of approximately $400 million in “certain […]
Judge Strikes Down Biden Admin Rule Affecting Millions Of Workers
A federal judge struck down a Biden administration rule on Tuesday that banned employers from using noncompete agreements, which would have affected the contracts of millions of Americans. U.S. District Court Judge Ada Brown for the Northern District of Texas ruled that the Federal Trade Commission’s (FTC) banning the entire category of noncompetes, rather than […]
New Starbucks CEO to commute from California home to Seattle HQ
Starbucks will allow its next CEO, Brian Niccol, to commute from his home in Southern California and give him the option to fly the company’s corporate jet. The coffee chain said in a filing with the Securities and Exchange Commission that Nicol “is not required to relocate” to Seattle and has agreed to “commute from […]
Ford Ditching Plans For EV SUV As Market Struggles Continue
Ford said Wednesday that it is canceling its plans to build a three-row electric SUV as the wider U.S. electric vehicle (EV) market continues to struggle. The company announced that it expects to take up to $1.9 billion in write downs and other special charges related to its decision after losing billions of dollars on […]
BlackRock’s support of ESG resolutions falls to record low
Rick Rieder, CIO of Global Fixed Income at BlackRock, offers up some key investment advice on The Claman Countdown. BlackRock, the world’s largest asset manager, appears to be moving further away from environmental, social and governance (ESG) initiatives. Of the roughly 500 ESG-related proposals submitted by shareholders during the 2023-24 meeting season, only 4% were […]
Boeing’s ‘Unmatched’ New Jets Grounded As New Structural Failure Takes Off
Boeing grounded its new 777X jets after a post-test flight inspection revealed a structural problem that could further threaten the company’s reputation barely two weeks into the company’s new helmsman’s tenure, according to reports. Boeing discovered the thrust link structure of its third 777-9 test airplane had come off after the jet completed a five-hour-31-minute […]
‘Likely To Just Drive Prices Up’: Washington Post Columnist Blasts Kamala Harris Economic Plan On CNN
Washington Post columnist Catherine Rampell said during a Friday appearance on “CNN News Central” that Vice President Kamala Harris’ economic plans to address high prices were “totally unworkable” and would be “bad for markets.” Harris announced her plan to enact a federal ban on so-called “price gouging” on groceries and to address high housing costs […]
Walmart wins, Starbucks boots CEO and Trump and Harris duel on economy
Brian Belski, chief investment strategist at BMO Capital Markets, explains how investors can use quality to protect against market volatility. Inflation and Federal Reserve outlook propel stocks to best week of 2024 Vice President Kamala Harris and former President Trump debate the economy Elon Musk meets with former President Trump Walmart stock hits all-time high […]
‘Voter Friendly’: CNN Anchor Says Harris’ Speech Was ‘Masterclass’ In ‘Keeping The Details Incredibly Light’
CNN anchor Julia Chatterley said Vice President Kamala Harris’ Friday speech on her economic policy was appealing to voters, but sparse on details. Harris delivered remarks in North Carolina, where she discussed lowering costs for Americans on food and housing and expanding the child tax credit. Chatterley, on “CNN News Central,” said that while Harris […]