Check out what’s clicking on FoxBusiness.com Warner Bros. Discovery expects to incur approximately $3.2 billion to $4.3 billion in pre-tax restructuring charges. According to a Monday filing with the U.S. Securities and Exchange Commission, the charges will include: – $2 billion to $2.5 billion in “strategic content programming assessments,” leading […]
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Gold’s Gym parent company gives update on CEO, family’s plane crash off Costa Rica coast
Check out what’s clicking on FoxBusiness.com The RSG Group, which owns brands such as Gold’s Gym, confirmed that its CEO Rainer Schaller and his family were on the plane that disappeared off Costa Rica’s Caribbean coast. “We are shocked, stunned, and full of grief about this tragic plane crash in […]
UPS stock rises after mixed third quarter earnings
Adviser Investments portfolio manager Adam Johnson and former Tether CEO Reeve Collins on where they see growth in the markets. Shares for the United Parcel Service rose Tuesday morning after releasing a mixed third-quarter earnings report. Despite growing concerns over softening demand and inflation, the shipping giant reaffirmed it was […]
Powerball jackpot reaches $700M
Jackpot CEO Akshay Khanna reveals how the startup plans to disrupt the $100 billion lottery market on ‘The Claman Countdown.’ Powerball players will have the chance to play for the seventh-largest jackpot in history on Wednesday, estimated at $700 million. The cash value is approximately $335.7 million. The jackpot rolled […]
FHFA to change credit score model for new mortgages
The Federal Housing Finance Agency (FHFA) announced Monday that it will soon begin using a new credit score model, the first update in 20 years. (iStock) The Federal Housing Finance Agency (FHFA) announced Monday at the Mortgage Bankers Association’s (MBA) annual conference in Nashville that it will begin using new credit […]
US home prices slowed in August at the fastest pace on record
Macro Trends Advisors founding partner Mitch Roschelle argues the housing market is slowing down ‘dramatically.’ Home price increases in August slowed at the fastest pace on record as rapidly rising mortgage rates drained demand from the housing market. Prices climbed 13.0% nationally in August from the previous year, down from […]
Amazon shoppers can use Venmo for first time ahead of holiday shopping
Check out what’s clicking on FoxBusiness.com Shopping juggernaut Amazon now accepts Venmo. Starting Tuesday, some Amazon customers will be able to pay with Venmo for purchases on Amazon.com and its mobile shopping app, the Seattle-based shopping giant announced. The move underscores the company’s acceptance of digital transactions and commitment to […]
Adidas ends partnership with Kanye West over antisemitic comments
Parlement Technologies CEO George Farmer discusses Ye West agreeing to acquire social media platform Parler and Elon Musk’s Twitter bid on ‘Varney & Co.’ Retail giant Adidas said Tuesday that it terminated its partnership with rapper Ye, formerly known as Kanye West, following his recent remarks. “Adidas does not tolerate […]
WhatsApp users worldwide report issues with messaging
Kentucky Republican James Comer discusses the situation in Afghanistan on ‘The Evening Edit’ WhatsApp users around the world reported issues with sending and receiving messages on the popular application. Users started to report that they were experiencing problems with the application at around 3 a.m., according to Downdetector, which tracks […]
Lawsuit filed against California weed companies for not getting consumers high enough
Los Angeles cannabis chamber of commerce chair member Hirsh Jain joins ‘Kennedy’ to discuss the weed market in California as it is overpowered by the black market. Two weed companies in California have been sued for allegedly not getting consumers high enough after promising more potent products. The class-action lawsuit […]