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Showing posts from September, 2021

FOX BIZ NEWS: Feds schedule Gulf offshore oil lease sale for November

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Feds schedule Gulf offshore oil lease sale for November President Joe Biden's administration says it has followed a court order to schedule an offshore oil and gas lease sale for the Gulf of Mexico after the Democratic president's moratorium on new oil and gas leasing on federal lands was blocked by a judge.

FOX BIZ NEWS: FDA considering half-dose of Moderna vaccine as booster

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FDA considering half-dose of Moderna vaccine as booster The Food and Drug Administration is leaning toward approving a half-dose of Moderna’s COVID-19 vaccine as a booster shot, according to a report.

FOX BIZ NEWS: Leon Cooperman and family donate $100M to hospital

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Leon Cooperman and family donate $100M to hospital Billionaire Leon Cooperman and his wife Toby have donated $100 million to a New Jersey hospital

FOX BIZ NEWS: Fed's Powell pledges diversity focus in filling reserve bank openings

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Fed's Powell pledges diversity focus in filling reserve bank openings U.S. Federal Reserve Chair Jerome Powell on Thursday promised to redouble efforts to find "diverse candidates" to replace two high-profile officials who resigned this week after criticism of their securities trading, as the central bank tried to regroup from a blow to its typically staid, technocratic image.

FOX BIZ NEWS: College students question Biden spending plans after learning of eye-popping national debt

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College students question Biden spending plans after learning of eye-popping national debt A video from Campus Reform shows students questioning President Joe Biden's spending plans after learning the numbers on America's national debt

FOX BIZ NEWS: Andy McCarthy reacts to Facebook's Instagram grilling on Capitol Hill

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Andy McCarthy reacts to Facebook's Instagram grilling on Capitol Hill Former assistant US attorney joins 'Fox Business Tonight' to discuss the impact of Facebook products on kids

FOX BIZ NEWS: Lordstown Motors confirms plan to sell Ohio plant to Foxconn

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Lordstown Motors confirms plan to sell Ohio plant to Foxconn Lordstown Motors confirmed earlier reporting Thursday that it plans to sell its Ohio factory to Foxconn.

FOX BIZ NEWS: Elizabeth Warren targets bank mergers with reintroduced bill

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Elizabeth Warren targets bank mergers with reintroduced bill Sen. Elizabeth Warren, D-Mass., and Rep. Jesús “Chuy” García, D-Ill., reintroduced a bill Thursday that would ramp up scrutiny of proposed mergers between the country’s biggest banks, the latest in a series of moves by federal lawmakers to crack down on business practices they consider harmful to competition.

FOX BIZ NEWS: Yellen: Federal debt ceiling should be abolished by Congress

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Yellen: Federal debt ceiling should be abolished by Congress With the federal government days away from its first default in U.S. history, Treasury Secretary Janet Yellen argued Thursday that Congress should eliminate the borrowing limit entirely to prevent similar risks in the future.

FOX BIZ NEWS: Jeff Bezos' Blue Origin accused of fostering 'toxic' workplace by current, former employees

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Jeff Bezos' Blue Origin accused of fostering 'toxic' workplace by current, former employees A group of 21 former and current Blue Origin employees have penned an essay arguing Jeff Bezos' aerospace company is "stuck in a toxic past."

FOX BIZ NEWS: Government short-term funding bill includes billions in Afghan resettlement funds

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Government short-term funding bill includes billions in Afghan resettlement funds The House and Senate on Thursday passed a short-term funding bill that staved off a government shutdown and ensured funding to resettle thousands of Afghan refugees.

FOX BIZ NEWS: Manchin muscles progressives: I went from zero to $1.5T

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Manchin muscles progressives: I went from zero to $1.5T West Virginia Sen. Joe Manchin says is willing to go "from zero" to a top line of $1.5 trillion on his fellow Democrats' planned reconciliation bill.

FOX BIZ NEWS: Brian Brenberg: Biden's $3.5T spending plan is really about the addiction that follows

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Brian Brenberg: Biden's $3.5T spending plan is really about the addiction that follows The budget debates happening in Congress this week are about much more than the spending and debt we’ll saddle ourselves with over the next decade.

FOX BIZ NEWS: Sinema reiterates she won't back $3.5T spending bill, says Biden and Schumer 'fully aware' of her stance

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Sinema reiterates she won't back $3.5T spending bill, says Biden and Schumer 'fully aware' of her stance Sen. Kyrsten Sinema, D-Ariz., reiterated Thursday that she will not support a $3.5 trillion spending bill, in the latest sign of discord among key Democrats as President Biden scrambles to rally support for his signature piece of legislation.

FOX BIZ NEWS: CarMax slammed by inventory shortages

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CarMax slammed by inventory shortages Inventory shortages are serving as a severe headwind for used-car dealers, according to CarMax Inc.

FOX BIZ NEWS: Former OnlyFans employees allegedly retained access to sensitive user data after leaving company: report

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Former OnlyFans employees allegedly retained access to sensitive user data after leaving company: report A new report claims that former employees of online platform OnlyFans retained access to sensitive data from some users long after leaving the company.

FOX BIZ NEWS: Sen. Cotton, Rep. Gallagher call on Biden admin to blacklist Chinese biotech companies

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Sen. Cotton, Rep. Gallagher call on Biden admin to blacklist Chinese biotech companies Cotton and Gallagher sent a letter to Biden administration officials calling for Beijing Genomics Institute (BGI) and other Chinese biotech companies to be added to the blacklist.

FOX BIZ NEWS: Spending negotiations a battle between left and far-left: Sen. Lankford

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Spending negotiations a battle between left and far-left: Sen. Lankford Oklahoma Sen. James Lankford discusses the ongoing spending negotiations on Capitol Hill.

FOX BIZ NEWS: House is ‘voting today’ on infrastructure bill: Rep. Green

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House is ‘voting today’ on infrastructure bill: Rep. Green Rep. Mark Green says he expects the House to vote on the infrastructure bill Thursday.

FOX BIZ NEWS: Republicans say Biden's $3.5T spending bill will spur cultural decline and sap the work ethic

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Republicans say Biden's $3.5T spending bill will spur cultural decline and sap the work ethic As Democrats forge ahead with unilateral negotiations on President Biden’s $3.5 trillion spending package, Republicans – and at least one Democratic moderate – caution the expansive slate of social programs included in the bill could have lasting negative consequences for American workers.

FOX BIZ NEWS: 2022 midterm elections ad spending expected to break records

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2022 midterm elections ad spending expected to break records The 2022 midterm election cycle will likely set a new record for ad spending, according to a report from a top national ad tracking firm.

FOX BIZ NEWS: Schumer says deal reached for vote to avoid government shutdown

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Schumer says deal reached for vote to avoid government shutdown Senate Majority Leader Chuck Schumer announced an agreement late Wednesday for a Thursday morning vote to avoid a government shutdown.

FOX BIZ NEWS: Lordstown Motors reportedly in talks to sell Ohio factory to Foxconn

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Lordstown Motors reportedly in talks to sell Ohio factory to Foxconn Startup automaker Lordstown Motors is reportedly in talks with Foxconn about the sale of its Ohio factory. The two companies would build products at the former General Motors plant.

FOX BIZ NEWS: Stock futures rally as Senate reaches deal to avert shutdown

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Stock futures rally as Senate reaches deal to avert shutdown U.S. stock futures were pointing to gains on the final day of the third quarter as the Senate reached a deal to avoid a government shutdown.

FOX BIZ NEWS: US stocks trending higher as S&P claws back from losses and leads market back into positive territory

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US stocks trending higher as S&P claws back from losses and leads market back into positive territory U.S. equity futures were trading higher after the S&P 500 rose Wednesday, clawing back some of its losses from the prior day’s rout as traders scooped up discounted shares.

FOX BIZ NEWS: IPOs slow down globally in Q3 after frenetic 2021 start

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IPOs slow down globally in Q3 after frenetic 2021 start Initial public offerings (IPO) globally slowed in the third quarter of 2021 from their previous frenetic pace, but the number of listings in the first nine months of the year still was the highest since the dotcom bubble of 2000, according to Refinitiv data.

FOX BIZ NEWS: AT&T to require vaccines for 90,000 of its union workers

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AT&T to require vaccines for 90,000 of its union workers AT&T has become one of the largest employers in the U.S. to mandate vaccines for a significant number of frontline workers.

FOX BIZ NEWS: Amazon settles with employees allegedly fired for criticizing working conditions

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Amazon settles with employees allegedly fired for criticizing working conditions Amazon.com Inc and the U.S. National Labor Relations Board (NLRB) said on Wednesday the company had reached a settlement with two former employees who alleged they were fired last year after they criticized the working conditions at the e-commerce giant's warehouses.

FOX BIZ NEWS: Appeals are mounting in Purdue Pharma bankruptcy settlement

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Appeals are mounting in Purdue Pharma bankruptcy settlement Objections to a historic settlement with Purdue Pharma are mounting in the form of appeals, with Rhode Island's attorney general saying Wednesday the plan doesn't hold the OxyContin maker or its owners accountable for its role in sparking the opioid crisis.

FOX BIZ NEWS: Virgin Galactic says FAA has cleared it for further flights

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Virgin Galactic says FAA has cleared it for further flights Virgin Galactic said Wednesday that the Federal Aviation Administration has cleared it to resume launches after an investigation into why its spaceship veered off course while descending during a July flight with founder Richard Branson aboard.

FOX BIZ NEWS: SEC charges ex-Goldman compliance analyst with insider trading

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SEC charges ex-Goldman compliance analyst with insider trading A U.S. regulator on Wednesday charged a former Goldman Sachs Group Inc senior compliance analyst with insider trading, saying he made illegal trades involving banking clients while working in Warsaw, Poland.

FOX BIZ NEWS: Manchin stares down Biden, Democratic leaders, declaring he cannot support 'trillions in spending'

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Manchin stares down Biden, Democratic leaders, declaring he cannot support 'trillions in spending' Sen. Joe Manchin, D-W.Va., said Wednesday that he would not support “spending trillions more” on social programs, highlighting an ongoing dispute between the moderate Democrat and party leaders that threatens to derail negotiations on President Biden’s $3.5 trillion spending bill.

FOX BIZ NEWS: GM CEO Mary Barra first woman to lead Business Roundtable

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GM CEO Mary Barra first woman to lead Business Roundtable Business Roundtable has elected GM CEO Mary Barra as its incoming chair, making her the first woman to lead the association

FOX BIZ NEWS: Elon Musk accuses Biden of being ‘biased’ against Tesla after White House snub: He’s ‘controlled by unions’

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Elon Musk accuses Biden of being ‘biased’ against Tesla after White House snub: He’s ‘controlled by unions’ Tesla CEO Elon Musk says the Biden administration appears to be "biased' against the electric vehicle maker, and "seems to be controlled by unions."

FOX BIZ NEWS: Lucid Motors to begin Lucid Air EV deliveries in October

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Lucid Motors to begin Lucid Air EV deliveries in October Lucid Motors CEO Peter Rawlinson discusses the rollout of the automaker's electric vehicle product.

FOX BIZ NEWS: US, EU deepen alliance to boost 'underpin' of global economies: semiconductors

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US, EU deepen alliance to boost 'underpin' of global economies: semiconductors The U.S. and European Union pledged Wednesday to deepen its alliance for the sake of advancing common priorities like artificial intelligence, trade challenges and the “underpin” to global economies: semiconductors.

FOX BIZ NEWS: Schumer: Raising debt ceiling through majority vote under reconciliation would be 'risky'

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Schumer: Raising debt ceiling through majority vote under reconciliation would be 'risky' Senate Majority Leader Chuck Schumer, D-N.Y., reiterated Wednesday that Democrats would not raise the debt ceiling through the budget reconciliation process despite ongoing resistance from Republican lawmakers ahead of a crucial deadline.

FOX BIZ NEWS: Lt. General Keith Kellogg: Milley remained consistent with recommending 2,500 troops stay in Afghanistan

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Lt. General Keith Kellogg: Milley remained consistent with recommending 2,500 troops stay in Afghanistan Former VP Pence National Security Adviser Lt. General Keith Kellogg joined “Cavuto: Coast to Coast” Wednesday, asserting Gen. Mark Milley remained consistent with recommending that 2,500 U.S. troops remain in Afghanistan.

FOX BIZ NEWS: Phantom Space, John Deere's Ingenu to build 72-satellite constellation

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Phantom Space, John Deere's Ingenu to build 72-satellite constellation Phantom Space, a Tucson, Arizona-based space transportation and rocket manufacturing startup, has reached a deal valued at up to $240 million to design, build and launch a 72-satellite constellation that will carry Industrial Internet of Things (IIoT) payloads for John Deere subsidiary Ingenu.

FOX BIZ NEWS: YouTube banning all anti-vaccine content contributing to misinformation

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YouTube banning all anti-vaccine content contributing to misinformation YouTube is banning all content the platform says is spreading misinformation about the COVID-19 vaccine.

FOX BIZ NEWS: Samsung Electronics close to finalizing $17B Texas chip plant -sources

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Samsung Electronics close to finalizing $17B Texas chip plant -sources Samsung Electronics Co Ltd is close to finalising the construction of a $17 billion semiconductor factory in Williamson County in the U.S. state of Texas, three people with knowledge of the matter said.

FOX BIZ NEWS: Progressive caucus says no infrastructure without reconciliation as Dem divisions become apparent

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Progressive caucus says no infrastructure without reconciliation as Dem divisions become apparent Just days after House Speaker Nancy Pelosi went on ABC’s "This Week" to vow that Democrats will pass the $1 trillion infrastructure plan this week, progressives in the party did their own promising.

FOX BIZ NEWS: United Airlines ready to fire workers for defying vaccine mandate

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United Airlines ready to fire workers for defying vaccine mandate United Airlines said on Tuesday nearly 600 U.S.-based employees faced termination after failing to comply with the carrier's vaccination policy.

FOX BIZ NEWS: Cherokee Nation reaches $75M settlement with drug companies

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Cherokee Nation reaches $75M settlement with drug companies The Cherokee Nation and three opioid distributors reached a $75 million settlement to resolve opioid-related claims against the companies, the tribe and the companies announced Tuesday.

FOX BIZ NEWS: Court says city can ban Confederate flag in veterans parade

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Court says city can ban Confederate flag in veterans parade A Georgia city did not violate the constitutional rights of a Sons of Confederate Veterans group when it banned the Confederate battle flag from its annual parade honoring veterans of American wars, a federal appeals court ruled Tuesday.

FOX BIZ NEWS: Apple, Google asked to turn in S.Korea compliance plans by mid-October

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Apple, Google asked to turn in S.Korea compliance plans by mid-October Apple and Alphabet's Google have been asked to turn in by mid-October compliance plans for a new South Korean law that bans major app store operators from forcing software developers to use their payment systems, a regulatory official said on Wednesday.

FOX BIZ NEWS: Facebook’s effort to attract preteens goes beyond Instagram kids, documents show

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Facebook’s effort to attract preteens goes beyond Instagram kids, documents show Facebook Inc. has come under increasing fire in recent days for its effect on young users and its efforts to create products for them. Inside the company, teams of employees have for years been laying plans to attract preteens that go beyond what is publicly known, spurred by fear that Facebook could lose a new generation of users critical to its future.

FOX BIZ NEWS: Amazon unveils new hardware lineup

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Amazon unveils new hardware lineup Amazon Smart Thermostat, Astro home assistant, Echo Show 15, Halo View fitness tracker among Amazon's latest upcoming products

FOX BIZ NEWS: White House says 400,000 people so far got boosters at pharmacies

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White House says 400,000 people so far got boosters at pharmacies The Biden administration reported Tuesday that more than 400,000 Americans received COVID-19 booster shots over the weekend, just at pharmacies alone.

FOX BIZ NEWS: Biden cancels Wednesday Chicago trip to focus on salvaging $3.5T spending bill

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Biden cancels Wednesday Chicago trip to focus on salvaging $3.5T spending bill President Biden will postpone a planned trip to Chicago on Wednesday so he can continue negotiations with Democrat holdouts on his $3.5 trillion spending bill, the White House confirmed.