Via Fox Business The United Auto Workers strike against General Motors is about to enter its third week, when striking employees can begin collecting $250 a week in strike pay. But the end of the strike does not seem any clearer than when it began on Sept. 15 after both sides failed to reach a new labor...
Via Fox Business In the run-up to the 2020 presidential election, Sens. Elizabeth Warren and Bernie Sanders have hinged their campaigns on expansive plans that rely, in large part, on proposals to tax the wealth of the richest Americans. The problem, some critics warn, is that a federal wealth tax might not be constitutional. When...
Via Fox Business Billionaire bond fund manager and Buffalo native Jeffrey Gundlach says Tom Brady and the New England Patriots will be facing a situation like no other on Sunday, when the undefeated Buffalo Bills host the undefeated New England Patriots in a battle for first place in the AFC East. “I think there’s going to...
Via Fox Business Republicans slam Democrats for focusing on investigating Trump ‘There are only 13 legislative days left until the government is not funded, yet when I look at the list of committee hearings this week, it looks like a list of paybacks for all the August fundraisers the Democrats did,’ Thomas Massie (R-KY) told...
Via Fox Business U.S. aerospace giant Boeing may have a new safety issue on its hands. According to an exclusive report from Seattle-based news station KOMO News, the company is under pressure to figure out how many of its 737NG jets have a cracked part known as a “pickle fork.” The pickle fork essentially connects...
Via Fox Business NASA has doubled what it is spending to help detect and possibly deflect asteroids on a collision course with Earth. Next year, the U.S. space agency plans to spend $150 million on its so-called “planetary defense” programs. Some of the money would be going to develop systems to detect asteroids and comets...
Via Fox Business As big tech companies navigate an increasingly hostile Washington, D.C., they are relying on an unlikely savior: The Republican Party. Companies like Facebook and Google — where employees have long been known to support progressive causes and candidates, are pointing to conservative senators including the GOP’s Senate Majority Leader Mitch McConnell, and Senate Antitrust Subcommittee Chair Mike Lee, as...
Via Fox Business The global economy has thrown the kitchen sink at President Trump’s stock-market rally, but so far nothing has been able to stop it. The S&P 500 has gained 18.7 percent this year, even as traders grappled with large swaths of geopolitical uncertainty and worrying economic data. “Yield curve inversion, U.S.-China trade war,...
Via Fox Business Wells Fargo, the bank that lost two CEOs while dealing with the fallout from a fake-accounts scandal, has appointed former Visa chief Charles Scharf as its top executive. Scharf, who landed a job under Jamie Dimon – now the CEO of JPMorgan Chase – by sending him a resume through family connections...
Via Fox Business U.S. Secretary of Commerce Wilbur Ross said the trade war between the U.S. and China is having a negligible impact on American consumers. Speaking with FOX Business’ Gerry Baker on “WSJ at Large”, Ross argued the numbers prove him right. “There was a study done by one of the European think tanks that...
Via Fox Business As millennials begin to settle down, they’re fleeing big cities in droves, driving a huge resurgence to American suburbs in search of cheaper houses and good schools, according to Census Department figures. After years of stagnant growth in the wake of the financial crisis, suburban towns now account for 14 of the...
Via Fox Business As quickly as states across the country race to ban vaping products – in response to a nationwide spread of breathing illnesses – stores selling them are reacting just as swiftly to prevent it. Massachusetts’ ban on the sale of all vaping products, which was announced by Gov. Charlie Baker (R-MA) on Tuesday,...
Via Fox Business PELOTON CEO: WE’RE INVESTING IN NEW NYC, LONDON STUDIOS
Via Fox Business Donations to the GOP surged in the 24 hours after House Democrats opened an impeachment inquiry against President Trump. Trump’s reelection campaign and the Republican National Committee raked in a combined $5 million, according to Trump’s campaign manager, Brad Parscale. “Huge groundswell of support leading to Trump landslide in 2020!” he tweeted on...
Via Fox Business Peloton Interactive slid 6.9 percent in its trading debut, a sign that investors may have a waning appetite for money-losing companies. Ticker Security Last Change %Chg PTON PELOTON INTERACTIVE 27.52 n.a. n.a.% Shares of the home-fitness company opened at $27 a piece, down from the $29 where they priced on Wednesday evening. At $29...
Via Fox Business Wall Street is growing increasingly worried over the prospect of Elizabeth Warren winning the Democratic presidential nomination. Warren’s popularity has skyrocketed this summer: The Massachusetts senator holds a 2 percentage-point lead over former Vice President Joe Biden in Iowa, according to the latest Des Moines Register/CNN/Mediacom poll, and has also moved ahead of...
Via Fox Business The marriage vow that usually involves a variation of “for richer or poorer” may no longer apply. Women may now want to add “as long as you make as much money as me.” MORE FROM FOXBUSINESS.COM It seems many men aren’t getting up to the income level that women prefer in a potential...
Via Fox Business It sounds like a plot of a science-fiction novel: A future that doesn’t need human beings. But is it more reality than fantasy? Most people use artificial intelligence and probably don’t even realize they’re using it — whether it’s asking Siri a question or trying to avoid a traffic jam using GPS...
Via Fox Business Social media giant Facebook may be on the hook for yet another investigation into its competitive practices. The U.S. Department of Justice is planning to open an antitrust investigation of the company, according to Reuters, which cited a source familiar with the matter. The company did not immediately return FOX Business’ request...
Via Fox Business General Motors and striking United Auto Workers may be moving closer to an agreement with the strike entering its 11th day. UAW Vice President Terry Dittes provided an update to union members, via a letter, saying that the main issues are now with General Motors as the two sides look to finalize a new contract. Ticker...