GM CEO warns Trump’s tariffs will cost automaker up to $5B
General Motors on Thursday cut its full-year forecast significantly as CEO Mary Bala warned of “current tariff exposure of $4 billion.” [to] $5 billion. ” The company, which owns brands including Chevrolet, Buick and Cadillac, faces a 25% fee for importing foreign vehicles, and expects profits of between $10.2 billion and $10.1 billion from previous […]
Google CEO Sundar Pichai testifies ‘extraordinary’ DOJ remedies would cause ‘many unintended consequences’
Google CEO Sundar Pichai tried to convince a federal judge on Wednesday that the Department of Justice's proposed plan to disband the search monopoly will have “many unintended consequences.” DOJ asked District Judge Amit Mehta to approve several remedies, including the forced sale of Google's Chrome web browser. Testifying in Google's defense in Washington federal […]
Goldman Sachs CEO David Solomon believes markets will ‘settle down’
Ocean First Bank Chairman and CEO Christopher Maher joins Maria in the morning to analyze the impact of tariffs on regional banks. Goldman Sachs CEO David Solomon said Tuesday that he believes financial markets will overcome the settlement of financial markets to resolve the expected increase in mergers with companies undergoing a common listing process. […]
Musk, Tesla board chair deny report that company is looking for a new CEO
The “The Big Money Show” panelist responds to Elon Musk's recent announcement regarding his involvement in government efficiency. Elon Musk and Tesla are pushing back reports that the company has begun searching for their next CEO, calling it “absolutely false” and “a very bad ethics violation.” Wall Street Journal On Wednesday night, Tesla's board members […]
Judge slams Apple for defying antitrust ruling, rips CEO Tim Cook
After a federal judge ruled that the tech giant violated an antitrust order related to the restrictions on the App Store, Apple faced the possibility of criminal charges and picked out CEO Tim Cook, who allegedly refused to advise an agent to comply with the award. In Wednesday's explosive decision, US District Judge Yvonne Gonzalez […]
UnitedHealth Group avoids shareholder vote on coverage denial audits in wake of CEO killing – Star Tribune
As they are led to an annual meeting, publicly available companies have discretion on whether to include all shareholder resolution proposals in their materials. However, they often seek advance guarantees from the Securities and Exchange Commission (SEC). Decisions that exclude certain proposals do not encourage enforcement action. In January, the UnitedHealth Group told the SEC […]
Amgen CEO Robert Bradway Touts Trump Tax Policy in Billion-Dollar Investment Announcement
In an interview aired on Friday’s episode of FBN’s “Craman Countdown,” Amgen CEO Robert Bradway announced the company’s decision to invest $1 billion in a facility in Columbus, Ohio. “Does the number of construction and permanent employment add this portion?” asked Liz Claman, host of Fox Business Network. “Well, we’re adding about $1 billion in […]
Luigi Mangione pleads not guilty in federal court to murdering healthcare CEO | New York
Luigi Mangion pleaded not guilty to accusations in Manhattan federal court on Friday. Mangione, 26, entered court just before 1pm. He was wearing a tan prison outfit in a white long sleeved undershirt. He spoke to the lawyer who was sitting with his lawyer and at one point he seemed to smile. He could see […]
Camping World CEO Marcus Lemonis forced to shut down North Carolina store amid battle over massive American flag
The CEO of Campworld claims he was forced to close one of his North Carolina stores. Marcus Lemonis made a shocking revelation that one of the national RV dealers in Greenville, North Carolina, was closed on April 18th. Lemonis says that after the city council violated his and company’s ordinances, he and the company continued […]
Tech behind private messaging app Telegram names new CEO
Nynext, the Telegram technology-driven company will nominate Maximilian Crown as new CEO on Thursday. Both of the moves have stabilized the ship for the billion users of the encrypted messaging app – a sign of Telegram’s intentions to scale its multi-purpose epiphysics after founder and CEO Pavel Doloff was arrested last year in Paris as […]