Musk boasts of 1 billion views for ‘no limits’ X interview with Trump
Tech billionaire Elon Musk said his conversation with former President Trump on Monday night had a combined total of 1 billion views. “My conversation with @realDonaldTrump and the subsequent discussion from other accounts have now had nearly 1 billion combined views,” Musk posted on his social media platform, X, early Tuesday morning after the interview. […]
J&J has enough support from claimants for $6.5 billion talc settlement: report
See what’s clicking on FoxBusiness.com Johnson & Johnson has cleared a key threshold in its proposed $6.5 billion settlement of tens of thousands of lawsuits alleging that its baby powder and other talc products cause cancer, a research firm said. Bloomberg reports. More than 75% of plaintiffs voted in favor of the proposal, according to […]
El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’ – Decrypt
El Salvador is receiving a major infrastructure investment that is expected to help build the country’s future-oriented “Bitcoin City.” The government said Sunday that Turkish holding company Ilport will invest $1.62 billion in two seaports in El Salvador, the largest private investment in the country’s history. “This is a joint venture with Ilport Co., Ltd. […]
Harris plan to nix taxes on tips, raise minimum wage could cost up to $200 billion: analysis
Vice President Kamala Harris’ proposal to eliminate the tip tax and raise the federal minimum wage could cost up to $200 billion over 10 years, according to a new analysis from a budget watchdog group. The Committee for a Responsible Federal Budget (CRFB) said on Monday Estimation Exempting tip income from federal income taxes and […]
VP snub Pennsylvania Gov. Josh Shapiro touts $1.1 billion increase in public school funding
Pennsylvania Democratic Gov. Josh Shapiro visited Amanda E. Stout Elementary School in Reading on Friday to highlight $1.1 billion in additional public education funding included in the state’s new budget. This comes just days after Vice President Kamala Harris, who is preparing to take on former President Donald Trump, dropped Shapiro as her running mate […]
Taiwan Proposes Highest-Ever Military Budget of $19.7 Billion
Taiwan’s President Lai Ching-te announced on Thursday a proposed defense budget of $19.76 billion for fiscal 2025. The proposal would increase military spending by 6.7 percent through 2024, making it the highest amount ever allocated by the Republic of China (ROC) to defense. “We are determined to strengthen our self-defense capabilities and enhance cooperation with […]
Warner Bros. Discovery Stock Takes Hit After $11.2 Billion Loss
Warner Bros. Discovery Announced Quarterly profit (or loss, to be precise) was $11.2 billion, giving it a “B” loss. Warner Bros. Discovery (WBD) reported second-quarter earnings after the close on Wednesday that missed expectations on both revenue and profit and took a huge $9.1 billion impairment charge related to its television networks division. Including an […]
Google antitrust ruling may pose $20 billion risk for Apple
FOX Business’ Lydia Hu reports on how Google may be held liable in the Varney & Co. case. A U.S. court ruling that Alphabet’s search giant is operating an illegal monopoly could threaten lucrative contracts with Apple and Google. Wall Street analysts said Tuesday that Google could end its agreement to make its search engine […]
Coca-Cola to pay $6 billion in back taxes and interest to the IRS
Coca-Cola announced Friday that it will pay $6 billion in back taxes and interest following a settlement with the IRS in a lawsuit dating back nearly two decades. The dispute covers fiscal years 2007-2009, with the IRS alleging that Coca-Cola should have reported higher revenues as a result of international transfer pricing. “We look forward […]
Intel’s massive job cuts come after it received $8.5 billion in taxpayer money
Evolution VC Partners founder Greg Smith analyzes Varney & Co.’s ‘massive’ stock market sell-off Months after the federal government gave Intel $8.5 billion in subsidies to bring chip manufacturing back to the U.S., the company announced it would cut 15% of its workforce, or about 17,000 jobs. The technology company announced the job cuts as […]