Check out what’s clicking on FoxBusiness.com. Taco Bell will be making its Mexican pizza a permanent feature on its menu after announcing on Tuesday that it severely underestimated demand. The fast food chain brought back the Mexican pizza as a limited time menu item in May, but didn’t purchase nearly […]
FOX Business News
Apple to move iPad production out of China for first time: report
Strategic Wealth Partners CEO Mark Tepper argues the market will see its bottom when Apple’s stock tanks. Apple is moving parts of its product manufacturing out of China for the first time in history. The tech company is moving production of various iPad components out of Chinese factories and into […]
Deutsche Bank subsidiary CEO resigns after greenwashing raid
Check out what’s clicking on FoxBusiness.com. Deutsche Bank subsidiary DWS said Wednesday that its chief executive is resigning, hours after authorities raided its offices as part of a probe into claims that the company exaggerated the sustainable credentials of some of the financial products. CEO Asoka Woehrmann is set to […]
LA lifeguard’s pay tops $500,000, investigation discovers
FOX Business’ Jeff Flock reports from the Jersey Shore, where it’s costing families more to hit the beach and the boardwalk. It pays to be a lifeguard in Los Angeles County. So much, in fact, that a government watchdog is sounding the alarm to taxpayers in the California county and […]
Biden’s plan to make inflation worse
Former Trump administration economist Stephen Moore argues against President Biden’s three solutions for inflation. President Joe Biden has had the inflation story entirely wrong from the beginning. So it’s no surprise that his latest plan to combat gas prices that hit six dollars per gallon in some markets, unprecedented supply […]
Stock futures trade mixed to start the new month
Slatestone Wealth chief market strategist Kenny Polcari predicts current bear market rallies will see a ‘refocus’ around valuation and interest rates. U.S. equity futures traded mixed as the new month begins after ending May on a down note. The major futures indexes suggest a rebound of 0.3% on the Dow […]
Wednesday’s Trading: 5 Things to know
U.S. Bank Asset Management Group CIO Eric Freedman provides insight on the stock market on ‘The Claman Countdown.’ Here are the key events taking place on Wednesday that could impact trading. GET FOX BUSINESS ON THE GO BY CLICKING HERE ADP REPORT: The payroll processing firm ADP releases its National […]
US robot orders surge 40% as labor shortages, inflation persist
Former Trump administration economist Stephen Moore predicts ‘another 18 months or so’ of very high prices. Inflation and the tight labor market are becoming a win-win for robots. Orders for workplace robots in the United States surged 40% year-over-year in the first quarter of 2022 as companies are leveraging automation […]
Salesforce boosts profit outlook, shares rise
Check out what’s clicking on FoxBusiness.com. Salesforce Inc increased its full-year adjusted profit forecast on strong demand for its software as companies look to improve efficiencies. Shares of the company traded 8% higher in the after-hours session. GET FOX BUSINESS ON THE GO BY CLICKING HERE Salesforce raised its profit […]
Wells Fargo told to fix its risk-management practices
Check out what’s clicking on FoxBusiness.com. Wells Fargo & Co. must fix its governance and risk-management issues, the chairman of the U.S. Senate Banking Committee said, highlighting what he called a “laundry list” of consumer abuses and compliance breakdowns. The bank has been plagued by weaknesses in its governance and […]