Alcohol maker stocks see declines in wake of Surgeon General cancer advisory
See what's being clicked on FoxBusiness.com. It's been a rocky morning for popular alcohol producers as investors react to the U.S. Surgeon General's recommendations on alcohol and cancer. As of early Friday afternoon, Molson Coors stock had fallen 2.86% from the open. Anheuser-Busch InBev fell about 2.04%. Coors Light is offering fans the chance to […]
Chinese EV Maker BYD Using Imported Slave Labor in Brazil
Brazilian government suspends work visas for Chinese electric car maker BYD after local authorities rescue 163 Chinese nationals who were working in conditions “akin to slavery'' at a BYD factory under construction in Camaçari, Bahia Reuters reported Friday. BYD, a company with deep knowledge tie The Chinese Communist Party is building a factory on land […]
Contractor for electric car maker BYD denies slavery claims
A contractor for Chinese electric vehicle giant BYD on Thursday denied claims that Chinese nationals were working in “slave-like conditions” at the construction site of its factory in Brazil. On Tuesday, a task force led by Brazilian prosecutors said it had rescued 163 Chinese nationals who were working in “slave-like” conditions at a BYD construction […]
Vodka maker Stoli Group USA files for Chapter 11 bankruptcy
See what's being clicked on FoxBusiness.com. Stoli Group USA filed for Chapter 11 bankruptcy protection in court last week. Stoli Group USA, a division within Stoli Group and owned by global beverage company SPI Group, said in a Nov. 27 bankruptcy filing in the U.S. Bankruptcy Court for the Northern District of Texas that the […]
Is the iShares Expanded Tech Sector ETF a Millionaire Maker? – The Motley Fool
In theory, almost any investment has the potential to make you a millionaire, but most investments don't get you there. But technology stocks have a long history of delivering impressive returns. of iShares Extended Tech Sector ETF (IGM -1.05%) At the very least, it has an interesting investment focus that suggests very profitable potential. But […]
Shares of drone maker Unusual Machines surge more than 100% after Donald Trump Jr. joins advisory board
Shares of drone maker Unusual Machines soared more than 100% Wednesday after the company announced that Donald Trump Jr. has joined its advisory board. The stock fell throughout the day, but was up 76% by Wednesday afternoon. The stock closed at $5.36 per share on Tuesday and was trading above $9 per share on Wednesday, […]
Biden administration preliminarily OKs $6.6B loan to EV maker Rivian
The Biden administration previously announced it would provide electric vehicle maker Rivian with a $6.6 billion loan to build a factory in Georgia. The administration said the loan will help Rivian build a facility to produce up to 400,000 “mass-market” electric SUVs and crossovers. Specifically, the company plans to help build Rivian's R2 and R3 […]
Evian maker Danone defeats lawsuit over ‘carbon neutral’ claim
Danone, the maker of Evian Spring Water, has won a dismissal of a lawsuit challenging the company's “carbon neutral” claims for its bottles, with a US judge reversing an earlier ruling and allowing a proposed class action lawsuit to proceed. . Consumers accused Danone of tricking Evian into buying the products without knowing that the […]
Olive oil maker Deoleo expects to cut prices in half
Olive oil prices are about to fall. Olive oil's biggest producer plans to cut prices in half as the weather crisis that caused the price of “liquid gold” to soar in recent months appears to be over. Deoreo, the maker of household olive oil brands such as Bertolli and Carbonell, says yields in southern Europe […]
OpenAI co-founder Greg Brockman returns three months after leaving ChatGPT maker
OpenAI co-founder Greg Brockman has returned to the artificial intelligence startup three months after leaving his role as president, he said in an article. Post to X on tuesday. An OpenAI spokesperson confirmed Brockman's return. Brockman is working with CEO Sam Altman to create a new role that will allow him to focus on critical […]