Sarge986 Stephen Guilfoyle discusses Wells Fargo CEO Tim Sloan’s testimony on Capitol Hill. WASHINGTON (Reuters) – One of Wells Fargo & Co’s top regulators plans to bring enforcement actions against as many as 10 former executives in relation to the bank’s sales practices scandal as soon as Thursday, a person familiar with the matter told Reuters. Continue Reading Below Ticker Security Last Change […]
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Trade war weighs on railroad operator Union Pacific
President Trump sits down with FOX Business’ Maria Bartiromo to discuss second-term goals including tax cuts for the middle class, the impeachment battle and trade deals. (Reuters) – Railroad operator Union Pacific Corp reported a lower-than-expected quarterly profit, as freight volumes of agricultural products and energy shipments fell. Continue Reading Below Last year, […]
Weekly jobless claims rise less than expected
What are the median annual wages of the most dangerous jobs in th United States? WASHINGTON (Reuters) – The number of Americans filing applications for unemployment benefits increased less than expected last week, pointing to strong labor market conditions that should continue to support a moderately growing economy. Continue Reading […]
JetBlue curbs costs to enable low airfares for next decade
JetBlue CEO Robin Hayes discusses Boeing 737 MAX safety, Blue Basic fare, and expanding to London. CHICAGO (Reuters) – JetBlue Airways Corp said on Thursday it had shaved $314 million off its cost base over the past three years, delivering on a cost-cutting drive designed to enable budget-friendly airfares over the next decade. Continue Reading […]
Tesla roars past $100B in market value
Gerber Kawasaki CEO Ross Gerber discusses the electric-car maker’s shares. Tesla on Wednesday crossed $100 billion in market valuation for the first time, further extending its lead over Ford and General Motors. Continue Reading Below The electric-car maker has seen its stock more than double in the last three months, […]
Major companies buy first-ever Super Bowl ads with hopes to gain attention in streaming era
FOX Business’ Grady Timble says a 30-second advertisement for the Super Bowl can cost a reported $5.6 million. Little Caesars pizza chain, Facebook and the running brand Saucony will buy their first Super Bowl ads ever this year, taking advantage of one of the last events that enjoys a large live audience in an era where streaming services like Netflix have splintered TV […]
Wall Street pegs Boeing’s 737 Max bill at more than $25 billion
Founder of Airline Weekly and aviation journalist Seth Kaplan discusses the many issues facing the Boeing 737 MAX and whether a rebranding would help the situation. (Reuters) – Boeing Co’s bill for the 737 MAX grounding could balloon to more than $25 billion, analysts estimated on Wednesday, a day after […]
Johnson & Johnson misses revenue estimates as blockbuster drugs disappoint
Health and Human Services Secretary Alex Azar updates FOX Business’ Lou Dobbs on the first U.S. case of coronavirus found in Washington state. (Reuters) – Johnson & Johnson narrowly missed quarterly revenue estimates on Wednesday as sales of its blockbuster psoriasis medicine Stelara and cancer drug Imbruvica fell short of expectations. Continue […]
Honda recalls 2.7M North American vehicles for new air bag inflator defect
Fox Business Briefs: Takata recalls 10 million more airbags amid fears they may explode due to defective inflators; Virgin Galactic reports that all major structural elements of its second rocket plane have been assembled. WASHINGTON (Reuters) – Honda Motor Co (7267.T) said on Tuesday it will recall 2.7 million older […]
Disney+ to launch in UK, Western Europe earlier than planned
Epoch Investment Partners CEO and co-CIO Bill Priest, who joined Barron’s annual roundtable where top investors come together and give their 2020 predictions, shares his investing tips for 2020. (Reuters) – Walt Disney Co said on Tuesday it had moved up the launch of its video streaming service, Disney+, by […]