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Showing posts from October, 2021

FOX BIZ NEWS: An 'eraser button': Focused ideas could help bridle Big Tech

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An 'eraser button': Focused ideas could help bridle Big Tech Lawmakers are getting creative as they introduce a slew of bills intended to take Big Tech down a peg. One bill proposes an "eraser button" that would let parents instantly delete all personal information collected from their children or teens.

FOX BIZ NEWS: Coke to pay $5.6 billion for full control of BodyArmor

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Coke to pay $5.6 billion for full control of BodyArmor Coca-Cola Co. is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, according to people familiar with the matter, amping up a rivalry with Gatorade.

FOX BIZ NEWS: Investors buy oil on inflation fears, pushing prices even higher

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Investors buy oil on inflation fears, pushing prices even higher Fund managers are contributing to a rally that has pushed oil prices to their highest level since the 2014 energy bust. While energy-futures markets are more typically the province of producers and commodities-focused hedge funds, an oil rally that shows no signs of slowing is now exerting a pull on traditional money managers who run portfolios of stocks and bonds

FOX BIZ NEWS: Fed decision, jobs report, CVS Health earnings top week ahead

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Fed decision, jobs report, CVS Health earnings top week ahead The Federal Reserve releases its decision on interest rates and likely an update on inflation Wednesday.

FOX BIZ NEWS: Biden announces agreement with EU to lift steel, aluminum tariffs as part of transatlantic climate plan

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Biden announces agreement with EU to lift steel, aluminum tariffs as part of transatlantic climate plan President Biden and European Commission President Ursula Von Der Leyen announced a new agreement on Sunday that includes lifting steel and aluminum tariffs as part of what Biden called “a new era of transatlantic cooperation.”

FOX BIZ NEWS: Cyberattacks: Research shows which countries are most at risk

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Cyberattacks: Research shows which countries are most at risk Cyber threats vary widely across the globe with some countries at very high risk for attacks.

FOX BIZ NEWS: Unhappy Halloween: Gaming platform Roblox crashes

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Unhappy Halloween: Gaming platform Roblox crashes

FOX BIZ NEWS: Biden, at Rome summit, seeks fixes for supply chain kinks

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Biden, at Rome summit, seeks fixes for supply chain kinks President Biden is convening world leaders at the Group of 20 summit on Sunday to talk about ways to relieve the supply chain bottlenecks hampering the global economy as it recovers from the coronavirus pandemic.

FOX BIZ NEWS: Southwest under fire after video surfaces purportedly showing pilot say 'Let's go Brandon'

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Southwest under fire after video surfaces purportedly showing pilot say 'Let's go Brandon' Southwest Airlines is under fire after a video surfaced purportedly showing one of its pilots saying “Let's go Brandon” over the plane's intercom system.

FOX BIZ NEWS: Biden urges G20 leaders to increase energy production as coal surges, oil crunch continues

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Biden urges G20 leaders to increase energy production as coal surges, oil crunch continues President Biden will ask global leaders to increase energy output as the United States faces a coal shortage and rising energy prices.

FOX BIZ NEWS: G20 leaders find agreement on global tax deal

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G20 leaders find agreement on global tax deal The Latest on the Group of 20 summit taking place in Rome: Leaders have expressed “broad support” for a landmark deal to establish a 15% global minimum corporate tax that aims at deterring multinational countries from using clever accounting to elude taxes by using low-rate havens.

FOX BIZ NEWS: Patagonia is boycotting Facebook, urges other companies to do the same

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Patagonia is boycotting Facebook, urges other companies to do the same Patagonia is doubling down on its decision to stop all paid advertising on Facebook Inc. platforms, urging other companies to join the sportswear company in its boycott of the social-networking company as it faces widespread scrutiny following the release of internal documents.

FOX BIZ NEWS: SpaceX Crew-3 launch delayed due to 'large storm system'

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SpaceX Crew-3 launch delayed due to 'large storm system' The SpaceX Crew-3 launch, initially slated to liftoff from NASA’s Florida-located Kennedy Space Center early Halloween morning, has been delayed due to a large storm system.

FOX BIZ NEWS: FBI raids Chinese sales equipment supplier: report

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FBI raids Chinese sales equipment supplier: report U.S. federal investigators raided the Florida offices of a Chinese point-of-sale device provider that reportedly facilitated cyberattacks on American and European entities.

FOX BIZ NEWS: FAA plans warnings to pilots, airlines over new 5G threat to cockpit safety systems

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FAA plans warnings to pilots, airlines over new 5G threat to cockpit safety systems U.S. air-safety regulators are preparing to issue warnings to pilots and airlines about potential interference with key cockpit safety systems by a new 5G wireless service slated to go live as soon as early December

FOX BIZ NEWS: Prosecutors urge prison for Michael Avenatti in Nike case

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Prosecutors urge prison for Michael Avenatti in Nike case New York prosecutors urged a judge Friday to order California lawyer Michael Avenatti to begin serving a 2 1/2-year prison term, more than a year after he was convicted of trying to extort up to $25 million from Nike.

FOX BIZ NEWS: AOC says Biden should cancel student debt after spending bill cuts: 'He doesn't need Manchin's permission'

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AOC says Biden should cancel student debt after spending bill cuts: 'He doesn't need Manchin's permission' Rep. Alexandria Ocasio-Cortez reiterated her call for President Biden to cancel student debt on Friday after moderate Democrats, including Sen. Joe Manchin of West Virginia, forced significant cuts to programs favored by progressives in the “Build Back Better Act.”

FOX BIZ NEWS: BlackRock targeted in new ad campaign for being too woke

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BlackRock targeted in new ad campaign for being too woke The world’s largest money manager is getting put on blast for being too woke.

FOX BIZ NEWS: McCarthy, Republicans torch Democrats over rising energy prices: 'We are the Saudi Arabia of natural gas'

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McCarthy, Republicans torch Democrats over rising energy prices: 'We are the Saudi Arabia of natural gas' Fox News attended the Wednesday roundtable on surging energy prices across America, where a reporter asked the top House Republican on if the GOP had a plan to drive down gas and power prices.

FOX BIZ NEWS: Varney: Far-left is running Democrat Party into the ground

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Varney: Far-left is running Democrat Party into the ground FOX Business' Stuart Varney discusses division among the Democrat Party.

FOX BIZ NEWS: FDA approves Pfizer vaccine for emergency use in children aged 5 to 11

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FDA approves Pfizer vaccine for emergency use in children aged 5 to 11 The U.S. Food and Drug Administration approved the Pfizer-BioNTech COVID-19 vaccine for emergency use in children aged 5 to 11 on Friday, a critical step toward beginning vaccinations for the age group.

FOX BIZ NEWS: Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO

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Disappointing earnings a 'wake-up call' for Apple, Amazon: Cornerstone Wealth CIO Cornerstone Wealth CIO Cliff Hodge argues that supply chain disruptions have impacted earnings for some of the best-run companies.

FOX BIZ NEWS: Stock futures slide following Apple, Amazon results

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Stock futures slide following Apple, Amazon results U.S. equity futures traded lower to end the week following disappointing results from Apple and Amazon.

FOX BIZ NEWS: Bitcoin price rises as Ether surges to record

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Bitcoin price rises as Ether surges to record Bitcoin was trading 3.7% higher Friday morning. The price was around $61,200 per coin.

FOX BIZ NEWS: Starbucks workers will vote on union at 3 Buffalo stores

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Starbucks workers will vote on union at 3 Buffalo stores Workers hoping to unionize Starbucks stores in the U.S. have won a preliminary victory.

FOX BIZ NEWS: Amazon falls far short on earnings, citing ongoing supply chain crisis

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Amazon falls far short on earnings, citing ongoing supply chain crisis Amazon's earnings fell far short of expectations in its latest earnings report, and CEO Andy Jassy warned investors of "several billion dollars" in additional costs for Q4.

FOX BIZ NEWS: Pelosi says most progressives ready to back infrastructure bill

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Pelosi says most progressives ready to back infrastructure bill House Speaker Nancy Pelosi struck an optimistic tone after she was forced to delay a planned vote on the bipartisan infrastructure bill on Thursday night, asserting in a letter to colleagues that most progressive lawmakers who opposed her timeline are still committed to backing the legislation.

FOX BIZ NEWS: Progressives back Biden social spending bill framework

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Progressives back Biden social spending bill framework The Congressional Progressive Caucus endorsed the framework agreement for President Biden’s social spending bill on Thursday, even as they reiterated a warning that they would not back the Senate’s bipartisan infrastructure bill unless a final version of the “Build Back Better” package is brought up for a vote at the same time.

FOX BIZ NEWS: What to keep an eye on ahead of Apple, Amazon earnings

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What to keep an eye on ahead of Apple, Amazon earnings Starship Capital managing partner John Meyer and Neuberger Berman senior research analyst Daniel Flax discuss what's weighing on earnings.

FOX BIZ NEWS: Elon Musk tweets he has better plans for his money that Dems want to take

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Elon Musk tweets he has better plans for his money that Dems want to take Elon Musk says he already has better plans for the additional billions that Democrats want to take from him with their proposed billionaire's tax.

FOX BIZ NEWS: Facebook name change draws skepticism on social media

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Facebook name change draws skepticism on social media Facebook plans to go all-in on the metaverse and will do so with a new name: Meta.

FOX BIZ NEWS: Newsom, Buttigieg announce billions in loans to address bottlenecks and upgrade California ports

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Newsom, Buttigieg announce billions in loans to address bottlenecks and upgrade California ports California Gov. Gavin Newsom and Transportation Secretary Pete Buttigieg announced a loan partnership Thursday to address the state's clogged ports.

FOX BIZ NEWS: Tax hikes in Biden's spending plan could raise $500B less than estimated, analysis shows

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Tax hikes in Biden's spending plan could raise $500B less than estimated, analysis shows President Biden on Thursday outlined a slew of new taxes on corporations and the ultra-wealthy in order to pay for the bulk of his signature economic spending plan – but a new analysis suggests the rate increases could generate $500 million less than the White House estimated.

FOX BIZ NEWS: Democratic lawmakers demand pledges, accuse oil companies of past climate lies in confrontational hearing

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Democratic lawmakers demand pledges, accuse oil companies of past climate lies in confrontational hearing House Democrats raked energy CEOs over the coals over for their companies’ past responses to climate change, while the executives insisted they recognize the need for a future with lower carbon emissions.

FOX BIZ NEWS: Apple posts rare sales miss amid chip shortage, supply issues

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Apple posts rare sales miss amid chip shortage, supply issues Apple posted a rare sales miss in its fourth fiscal quarter of 2021 on Thursday as the iPhone maker contended with a global chip shortage and manufacturing delays related to the COVID-19 pandemic.

FOX BIZ NEWS: Facebook early investor: Metaverse rollout thrown together in 'desperation'

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Facebook early investor: Metaverse rollout thrown together in 'desperation' Elevation Partners co-founder Roger McNamee says the social media giant's latest business venture is a distraction from recent revelations.

FOX BIZ NEWS: Biden plans to fundamentally alter the US economy. Here's how we know: Justin Haskins

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Biden plans to fundamentally alter the US economy. Here's how we know: Justin Haskins Biden’s recent decision to nominate Cornell University professor Saule Omarova to head the Office of the Comptroller of the Currency (OCC) tells us this.

FOX BIZ NEWS: Progressives spurn Pelosi on infrastructure vote without reconciliation deal

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Progressives spurn Pelosi on infrastructure vote without reconciliation deal House Speaker Nancy Pelosi is urging Democrats to pass a stalled $1 trillion infrastructure package as soon as today, but is being rebuffed by progressive lawmakers who are threatening to vote against the bipartisan measure unless it's accompanied by a larger, party-line spending bill.

FOX BIZ NEWS: Marco Rubio urges Biden to investigate Amazon for allegedly shortchanging new parents, patients

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Marco Rubio urges Biden to investigate Amazon for allegedly shortchanging new parents, patients Sen. Marco Rubio, R-Fla., slammed Amazon for the company's “woke hypocrisy” following a report that accused the tech giant had been “shortchanging” new parents and patients dealing with medical issues.

FOX BIZ NEWS: Biden pitches $1.75T reconciliation bill framework as 'historic' with progressives still not on board

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Biden pitches $1.75T reconciliation bill framework as 'historic' with progressives still not on board President Biden on Thursday, in his final pitch before traveling to Europe for the G20 summit, urged Congress to support his revised economic agenda, admitting that "no one got everything they wanted, including me."

FOX BIZ NEWS: Biden pitches revamped millionaires tax, global minimum to fund $1.75T spending bill

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Biden pitches revamped millionaires tax, global minimum to fund $1.75T spending bill The Biden administration on Thursday outlined a revamped tax-hike plan to pay for Democrats' roughly $1,750,000,000,000 spending plan, including rate increases on well-off corporations and wealthy Americans.

FOX BIZ NEWS: Facebook unveils new name as company dives deep into metaverse

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Facebook unveils new name as company dives deep into metaverse As Facebook plans to go all in on the metaverse, a virtual-reality space where users can interact with each other in a computer-generated environment, the tech giant has announced it will take on a new name: Meta.

FOX BIZ NEWS: Stock futures gain ahead of GDP, jobless claims

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Stock futures gain ahead of GDP, jobless claims U.S. equity futures are trading with gains ahead of reports on economic growth and jobless claims.

FOX BIZ NEWS: Biden to announce reconciliation framework deal, sources say, but details unclear

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Biden to announce reconciliation framework deal, sources say, but details unclear President Biden is expected to tell congressional Democrats Thursday morning that they've reached an agreement on a framework for their reconciliation bill.

FOX BIZ NEWS: American Airlines ‘outraged’ after flight attendant allegedly assaulted: ‘This behavior must stop’

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American Airlines ‘outraged’ after flight attendant allegedly assaulted: ‘This behavior must stop’ An American Airlines flight from New York City to Orange County, California, was diverted to Denver on Wednesday after a passenger allegedly assaulted a flight attendant, according to reports.

FOX BIZ NEWS: Federal Reserve Chair Powell's renomination may or may not happen, Sen. Sherrod Brown says

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Federal Reserve Chair Powell's renomination may or may not happen, Sen. Sherrod Brown says Federal Reserve Chair Jerome Powell’s future as head of the central bank remains in doubt this week, with Senate Banking Committee Chair Sherrod Brown, D-Ohio, noting Powell may or may not be re-nominated when President Biden unveils his Fed nominees in the coming days.

FOX BIZ NEWS: Del Monte produce raising prices in response to 'unprecedented market conditions' and 'inflationary pressures'

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Del Monte produce raising prices in response to 'unprecedented market conditions' and 'inflationary pressures' The Del Monte produce company has announced that it will be raising costs on certain products in response to “unprecedented market conditions” and “inflationary pressures.”

FOX BIZ NEWS: Tech entrepreneur stirs debate after calling men who take 6 months paternity leave ‘losers’

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Tech entrepreneur stirs debate after calling men who take 6 months paternity leave ‘losers’ A prominent investor and entrepreneur stirred online debate Wednesday after calling fathers with important jobs “losers” if they take six months of paternity leave for a newborn.

FOX BIZ NEWS: Starbucks to increase employee pay to attract workers

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Starbucks to increase employee pay to attract workers Starbucks is raising its U.S. employees’ pay and making other changes as the company deals with a challenging labor market and as a union effort looms.

FOX BIZ NEWS: Rent the Runway struts its stuff before falling in Wall Street debut

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Rent the Runway struts its stuff before falling in Wall Street debut Rent the Runway had a strong showing out of the gate with its market debut on Wednesday, before seeing its share price steadily fall.