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Showing posts from July, 2021

FOX BIZ NEWS: US sets new Cuba sanctions as Biden meets Cuban-Americans

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US sets new Cuba sanctions as Biden meets Cuban-Americans The Biden administration announced new sanctions on Friday against Cuba's national revolutionary police and its top two officials as the U.S. looks to increase pressure on the communist government following this month's protests on the island.

FOX BIZ NEWS: Bipartisan spending bill would force reports on Chinese labor practices, Keystone cancellation impact and more

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Bipartisan spending bill would force reports on Chinese labor practices, Keystone cancellation impact and more A bipartisan spending bill making its way through the Senate would, among other things, prompt a report on China’s alleged forced labor practices and another on the economic impact of President Biden’s cancellation of the Keystone XL pipeline.

FOX BIZ NEWS: House Dems make last-ditch effort to extend eviction moratorium

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House Dems make last-ditch effort to extend eviction moratorium House Democrats are rushing to set up an eleventh-hour vote on a bill that would extend a nationwide ban on evictions hours before the freeze is poised to expire, putting millions of renters at risk of losing their homes.

FOX BIZ NEWS: Toys for Tots prepares for supply shortage this holiday season

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Toys for Tots prepares for supply shortage this holiday season The U.S. Marines Toys for Tots charity program is anticipating higher prices and a smaller supply of toys this holiday season.

FOX BIZ NEWS: Cybercriminals up their game as ‘cracking’ drives big rise in hacking tool downloads

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Cybercriminals up their game as ‘cracking’ drives big rise in hacking tool downloads The widespread availability of hacking tools in the cybercrime ecosystem is being driven by widespread malware piracy or "cracking", allowing anyone to use tools without paying, HP Wolf Security said in a new report.

FOX BIZ NEWS: Stock market faces elusive pullback as coronavirus, economic headwinds swirl

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Stock market faces elusive pullback as coronavirus, economic headwinds swirl Stocks haven't suffered a correction since March 2020, but the risks are growing.

FOX BIZ NEWS: How big tech companies are responding to the market

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How big tech companies are responding to the market Barron's Roundtable associate editor Eric Savitz joins 'Barron's Roundtable' to discuss: 'they are throwing money at the cloud'

FOX BIZ NEWS: Bezos’ Blue Origin rebuffed in its protest of moon lander contract

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Bezos’ Blue Origin rebuffed in its protest of moon lander contract A federal agency upheld the decision to make Elon Musk’s SpaceX the sole winner of a contract to develop a lander for the National Aeronautics and Space Administration’s return to the moon, a setback to Jeff Bezos ’ space enterprise.

FOX BIZ NEWS: Elon Musk slams Apple app store fees

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Elon Musk slams Apple app store fees Tesla CEO Elon Musk on Friday slammed Apple for the fees it charges companies to use its app store – a fee that he likened to a “global tax on the Internet.”

FOX BIZ NEWS: Disney mandating COVID-19 vaccinations for salaried and non-union hourly employees

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Disney mandating COVID-19 vaccinations for salaried and non-union hourly employees Any employees currently working from home will need to provide proof of vaccination before they return to the workplace, with a few exceptions, Disney said.

FOX BIZ NEWS: 'Bar Rescue's' Jon Taffer says technology, robots the answer to worker shortage

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'Bar Rescue's' Jon Taffer says technology, robots the answer to worker shortage "Bar Rescue" host Jon Taffer on why he believes robots can help the restaurant worker shortage.

FOX BIZ NEWS: Walmart says corporate staff, management must be vaccinated by October

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Walmart says corporate staff, management must be vaccinated by October Walmart corporate staff and management must receive the COVID-19 vaccine by October 4, according to a company-wide memo obtained by FOX Business.

FOX BIZ NEWS: Two-star general warns US military: 'China is on the march'

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Two-star general warns US military: 'China is on the march' Retired two-star Marine Corps Gen. Arnold Punaro discusses the concerns surrounding China building up its military forces.

FOX BIZ NEWS: Bipartisan infrastructure plan is the ‘Trojan horse’ for massive tax increases: Marc Short

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Bipartisan infrastructure plan is the ‘Trojan horse’ for massive tax increases: Marc Short Former Pence chief of staff Marc Short weighs in on infrastructure negotiations and taxes.

FOX BIZ NEWS: Chevron tops profit estimates, joins share buyback stampede

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Chevron tops profit estimates, joins share buyback stampede Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.

FOX BIZ NEWS: Stocks slide as Amazon weighs down tech sector

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Stocks slide as Amazon weighs down tech sector U.S. stock indexes were lower Friday as investors digested the latest inflation data and sorted through another batch of earnings from high-profile companies.

FOX BIZ NEWS: Major conservative group takes aim at government spending plans

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Major conservative group takes aim at government spending plans With more crucial votes fast approaching in the coming days for the $1.2 trillion infrastructure deal in the Senate, Americans for Prosperity (AFP) says that their major grassroots and paid media campaign to derail the spending package is in full swing.

FOX BIZ NEWS: Cuomo begs businesses to return to NYC after devastating shutdown

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Cuomo begs businesses to return to NYC after devastating shutdown New York Gov. Andrew Cuomo is calling for companies to end remote work and bring staff back to the office by Labor Day in order to support local businesses, or New York City will suffer.

FOX BIZ NEWS: Ethereum price rises on software upgrade, Bitcoin slides

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Ethereum price rises on software upgrade, Bitcoin slides Ethereum was trading higher Friday morning with the cryptocurrency gaining more than 4%.

FOX BIZ NEWS: Stock futures trade lower, Amazon shares fall

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Stock futures trade lower, Amazon shares fall

FOX BIZ NEWS: PG&E could face criminal charges over deadly California fire

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PG&E could face criminal charges over deadly California fire Pacific Gas & Electric could face criminal charges over a deadly wildfire that destroyed hundreds of homes in Northern California.

FOX BIZ NEWS: China's Didi denies report of plan to buy back shares

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China's Didi denies report of plan to buy back shares

FOX BIZ NEWS: Oil falls but heads for strong weekly gain on demand growth

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Oil falls but heads for strong weekly gain on demand growth

FOX BIZ NEWS: Uber delays office return, makes vaccination mandatory for US employees

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Uber delays office return, makes vaccination mandatory for US employees Uber Technologies Inc (UBER.N) is pushing back its back-to-office date to late October globally, and all employees in the United States will have to be fully vaccinated before returning to office, a spokesperson said on Thursday.

FOX BIZ NEWS: Google bans ‘sugar daddy’ apps from Android store

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Google bans ‘sugar daddy’ apps from Android store Google is banning “sugar daddy” apps from its app store, the company said Wednesday, in a move that brings the Android phone maker in line with competitor Apple.

FOX BIZ NEWS: Robinhood IPO gives founders Tenev, Bhatt a net worth of $4.6B combined

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Robinhood IPO gives founders Tenev, Bhatt a net worth of $4.6B combined Robinhood's Wall Street debut might have disappointed on some fronts, but it made multi-billionaires out of co-founders Vlad Tenev and Baiju Bhatt.

FOX BIZ NEWS: Amazon beats on earnings, falls short on sales estimates

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Amazon beats on earnings, falls short on sales estimates Amazon beat analysts' expectation on earnings per share in the second quarter, but came up short on Wall Street's revenue estimates.

FOX BIZ NEWS: Most expensive cities for construction in 2021: report

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Most expensive cities for construction in 2021: report The coronavirus pandemic and global lockdowns has driven up construction costs around the world due to increased demand and constrained supply.

FOX BIZ NEWS: Facebook whistleblower turned down $64G severance package that would have bought her silence: report

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Facebook whistleblower turned down $64G severance package that would have bought her silence: report Former Facebook data scientist turned whistleblower Sophie Zhang, who was fired from the social media giant last year, turned down a $64,000 severance package that would have bought her silence, according to a new report.

FOX BIZ NEWS: Biden administration expands paid leave tax credit to encourage more vaccinations

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Biden administration expands paid leave tax credit to encourage more vaccinations The Biden administration on Thursday expanded a tax credit that would give more U.S. workers time off to help friends and family members get vaccinated for COVID-19.

FOX BIZ NEWS: It's time to cut federal regulations to restore small business after COVID, boost our economy

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It's time to cut federal regulations to restore small business after COVID, boost our economy Any American who wants to pursue their passion by starting a small business will face many hurdles but one of the most challenging is navigating the complicated maze of federal regulations.

FOX BIZ NEWS: Interactive Brokers CEO welcomes Robinhood to big leagues

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Interactive Brokers CEO welcomes Robinhood to big leagues Robinhood is the newest publically traded brokerage, joining Interactive Brokers and Charles Schwab.

FOX BIZ NEWS: Brace for Higher Prices for Ice Cream, Beer and Bottled Water

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Brace for Higher Prices for Ice Cream, Beer and Bottled Water The makers of some of the world’s bestselling food and drink brands warned they would keep raising prices as they grapple with the strongest inflation in years.

FOX BIZ NEWS: IPO market nears peak as valuations hit 20-year high

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IPO market nears peak as valuations hit 20-year high Despite last quarter being the U.S.'s biggest for IPOs in over two decades, analysts worry the IPO boom is coming to an end in the near future.

FOX BIZ NEWS: Hard liquor can take the edge off inflation

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Hard liquor can take the edge off inflation Liquor companies are taking inflation in their stride. A push into premium brands, coupled with the fact that more drinkers are switching to spirits from beer in key markets, should help maintain their edge.

FOX BIZ NEWS: Republicans opposing massive infrastructure bill ask: Where’s full text?

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Republicans opposing massive infrastructure bill ask: Where’s full text? The U.S. Senate, in a 67-32 procedural vote Wednesday, advanced a $1.2 trillion bipartisan infrastructure bill -- despite the fact that the full text of the proposal hasn't been made public yet.

FOX BIZ NEWS: Newsom-owned San Francisco wine shop targeted by would-be thieves, storefront window smashed

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Newsom-owned San Francisco wine shop targeted by would-be thieves, storefront window smashed Would-be thieves smashed the window of a wine shop founded by Gov. Gavin Newsom this week, the most recent break-in attempt in a string of attacks on the store.

FOX BIZ NEWS: New York COVID-19 vaccine mandates for government workers facing growing union backlash

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New York COVID-19 vaccine mandates for government workers facing growing union backlash Some unions are pushing back against New York state and New York City requiring government employees to either get vaccinated for COVID-19 or undergo weekly testing for the virus.

FOX BIZ NEWS: Bipartisan group's $1.2T infrastructure bill clears crucial Senate procedural vote

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Bipartisan group's $1.2T infrastructure bill clears crucial Senate procedural vote The Senate voted Wednesday evening to move forward with a $1.2 trillion package to rebuild the nation's crumbling infrastructure after months of painstaking negotiations between a bipartisan group of senators and the White House on one of President Biden's top economic goals.

FOX BIZ NEWS: AOC, Tlaib blast Sinema's refusal to support Dems' $3.5T spending package

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AOC, Tlaib blast Sinema's refusal to support Dems' $3.5T spending package Progressive congresswomen Rep. Alexandria Ocasio-Cortez and Rep. Rashida Tlaib slammed Democratic Senator Kyrsten Sinema after the senator announced she will not support a $3.5 trillion infrastructure plan.

FOX BIZ NEWS: Crypto crackdown to help finance bipartisan infrastructure bill

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Crypto crackdown to help finance bipartisan infrastructure bill The infrastructure deal agreed upon by lawmakers and President Biden on Wednesday includes a crackdown on cryptocurrencies as one way to raise revenue to support spending.

FOX BIZ NEWS: Here's what's included in the bipartisan $550B infrastructure spending bill

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Here's what's included in the bipartisan $550B infrastructure spending bill "This deal makes key investments to put people to work all across the country—in cities, small towns, rural communities, and across our coastlines and plains," President Biden said in a statement. "The Bipartisan Infrastructure Deal is a blue-collar blueprint to rebuild America that will help make our historic economic recovery a historic long-term boom."

FOX BIZ NEWS: GOP lawmakers call out Yellen for dodging oversight hearing while meeting with Dems behind closed doors

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GOP lawmakers call out Yellen for dodging oversight hearing while meeting with Dems behind closed doors Republican lawmakers issued a letter Wednesday accusing Treasury Secretary Janet Yellen of “dodging” public hearings regarding programs she oversees while opting for “partisan, closed-door meetings” with Democrats.

FOX BIZ NEWS: Pelosi says Biden doesn't have the power to cancel student loan debt

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Pelosi says Biden doesn't have the power to cancel student loan debt House Speaker Nancy Pelosi said Wednesday that President Biden can't unilaterally wipe away student loan debt, as some progressives have urged him to do, and even questioned the fairness of a debt forgiveness policy.

FOX BIZ NEWS: After Robinhood’s IPO, twist to business model may come

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After Robinhood’s IPO, twist to business model may come As Wall Street gears up for Robinhood’s highly-anticipated foray onto the open market, the company has quietly been laying the groundwork to become a standalone market maker, FOX Business has learned.

FOX BIZ NEWS: Ford cruises by chip shortage, boosts outlook

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Ford cruises by chip shortage, boosts outlook Ford Motor Co. revved up surprise second-quarter profits this year – powered by climbing pickup and SUV prices even as a global computer chip shortage forced it to pump the brakes on production.

FOX BIZ NEWS: Facebook requiring vaccines for US workers returning to office

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Facebook requiring vaccines for US workers returning to office Facebook announced Wednesday that all its employees returning to the office will be required to be vaccinated against COVID-19

FOX BIZ NEWS: Stephen Miller slams Big Tech and explains its connection to vaccine hesitancy

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Stephen Miller slams Big Tech and explains its connection to vaccine hesitancy Stephen Miller weighs in on vaccine hesitancy and the CDC's mask guidelines for vaccinated Americans on 'Kudlow'

FOX BIZ NEWS: Facebook beats on earnings and revenue, but warns growth will slow in second half of the year

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Facebook beats on earnings and revenue, but warns growth will slow in second half of the year Facebook beat analysts' expectations in the second quarter, but issued a warning to investors in announcing the results.

FOX BIZ NEWS: Apple delaying return to office until October or beyond: Tim Cook

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Apple delaying return to office until October or beyond: Tim Cook Apple CEO Tim Cook says employees of the firm will not be asked to return to the office until at least October.