Posts

Showing posts from November, 2021

FOX BIZ NEWS: Stocks book records as Fed announces taper

Image
Stocks book records as Fed announces taper U.S. stock indexes climbed to record highs Wednesday as traders digested the news that the Federal Reserve will begin tapering its asset purchases later in November.

FOX BIZ NEWS: Chinese spy convicted for attempting to steal US trade secrets

Image
Chinese spy convicted for attempting to steal US trade secrets A spy for China’s Ministry of State Security was convicted on Friday for attempting to steal trade secrets from General Electric and other U.S. aviation firms, the Justice Department announced.

FOX BIZ NEWS: Pelosi plans House vote on $1.2 trillion infrastructure bill Friday despite progressive opposition

Image
Pelosi plans House vote on $1.2 trillion infrastructure bill Friday despite progressive opposition House Speaker Nancy Pelosi and her leadership team Friday doubled down on a plan to put the bipartisan infrastructure bill and a procedural rule for Democrats' reconciliation bill up for a vote despite not having the votes for final passage of the reconciliation bill.

FOX BIZ NEWS: Democrats push tax break for high-income earners in last-minute social spending package revision

Image
Democrats push tax break for high-income earners in last-minute social spending package revision In a late Thursday night revision to President Biden’s social spending package, Democrats included a provision that would raise the itemized deduction cap for state and local taxes (SALT), a move analysts argue will only benefit high-income earners.

FOX BIZ NEWS: AOC attacks moderate Dem who says he will oppose controversial spending package

Image
AOC attacks moderate Dem who says he will oppose controversial spending package Rep. Alexandria Ocasio-Cortez, D-N.Y., had a derisive response Friday after one of her fellow Democrats said he would vote to kill the spending package pushed by others in the party.

FOX BIZ NEWS: OSHA COVID mandate warns lying about vax status punishable by $10K fine, up to 6 months in prison

Image
OSHA COVID mandate warns lying about vax status punishable by $10K fine, up to 6 months in prison The Occupational Safety and Health Administration's new vaccine requirement for businesses with more than 100 employees warns of a potential $10,000 fine and up to six months of imprisonment for individuals who lie about their vaccination status.

FOX BIZ NEWS: Pelosi forced to abandon Friday vote on immense social spending bill amid resistance from moderates

Image
Pelosi forced to abandon Friday vote on immense social spending bill amid resistance from moderates House Speaker Nancy Pelosi moved to save face with a procedural vote on Democrats' reconciliation bill Friday after an effort to pass it stalled yet again after a small group of moderates demanded the House wait for scores from the Congressional Budget Office.

FOX BIZ NEWS: Biden Energy Sec. Granholm laughs at question about boosting oil production: 'That is hilarious'

Image
Biden Energy Sec. Granholm laughs at question about boosting oil production: 'That is hilarious' Energy Secretary Jennifer Granholm on Friday laughed at a question about boosting America's domestic oil production, calling it “hilarious.”

FOX BIZ NEWS: Build Back Better Act: Immigration provision grants 5-year parole to some migrants, shielding from deportation

Image
Build Back Better Act: Immigration provision grants 5-year parole to some migrants, shielding from deportation A new provision in Democrats' Build Back Better social spending plan would grant parole to immigrants who entered the U.S. illegally more than 10 years ago to shield them from being deported.

FOX BIZ NEWS: Kroger, like Walmart, hit by fake crypto press release

Image
Kroger, like Walmart, hit by fake crypto press release Kroger says it was hit with a fake press release falsely claiming the nationwide grocer would be accepting Bitcoin Cash

FOX BIZ NEWS: Robotic delivery gets boost amid pandemic

Image
Robotic delivery gets boost amid pandemic Starship Technologies CEO Alastair Westgarth discusses the technology behind the innovative delivery robot.

FOX BIZ NEWS: Airbnb reports $834M profit as revenue soars

Image
Airbnb reports $834M profit as revenue soars

FOX BIZ NEWS: American Airlines delays COVID-19 vaccine mandate deadline until January

Image
American Airlines delays COVID-19 vaccine mandate deadline until January American Airlines announced Thursday that it would postpone the implementation of a COVID-19 vaccine mandate for its employees until Jan. 4.

FOX BIZ NEWS: Biden's social spending, infrastructure bills on track for House votes Friday

Image
Biden's social spending, infrastructure bills on track for House votes Friday Democratic leaders are on track to bring both President Biden’s social spending bill and the bipartisan infrastructure bill up for votes on Friday following weeks of intense negotiations with progressive and moderate holdouts.

FOX BIZ NEWS: GOP lawmakers say 'moronic' global tax minimum puts American businesses at a disadvantage

Image
GOP lawmakers say 'moronic' global tax minimum puts American businesses at a disadvantage The party-defining debate between Democrats and Republicans on corporate tax rates took center stage Thursday, with GOP House lawmakers calling President Biden’s Made in America Tax Plan “moronic.”

FOX BIZ NEWS: Boeing shareholders reach settlement in 737 MAX board oversight suit

Image
Boeing shareholders reach settlement in 737 MAX board oversight suit

FOX BIZ NEWS: News Corp profit surges on gains in real estate, book publishing, news media

Image
News Corp profit surges on gains in real estate, book publishing, news media

FOX BIZ NEWS: Peloton shares skid as pandemic-related uncertainty weighs on outlook

Image
Peloton shares skid as pandemic-related uncertainty weighs on outlook Shares of Peloton have plunged as much as 30% in after-hours trading Thursday after the fitness equipment giant cut its full-year 2022 guidance due to a slow start to the second quarter and "challenged visibility" in its near-term operating performance as a result of uncertainty related to the COVID-19 pandemic.

FOX BIZ NEWS: Profit miss and Portnoy allegations taint Penn National shares

Image
Profit miss and Portnoy allegations taint Penn National shares Penn National Gaming’s stock plunged 21% in trading Thursday following a lukewarm earnings report and the publication of an article accusing Barstool Sports founder Dave Portnoy of sexual misconduct.

FOX BIZ NEWS: Sec. Raimondo: Public pre-K will lead to fewer 'help wanted' signs

Image
Sec. Raimondo: Public pre-K will lead to fewer 'help wanted' signs Commerce Secretary Gina Raimondo on Thursday said public preschool programs will lead to fewer "help wanted" signs by boosting female employment rates.

FOX BIZ NEWS: Democrats' spending bill could give four weeks of paid leave to people without jobs

Image
Democrats' spending bill could give four weeks of paid leave to people without jobs The provision in question is buried deep in the bill sewn together by House Democrats as they desperately try to get legislation across the finish line after a GOP trouncing at the polls on Tuesday.

FOX BIZ NEWS: NYC mayor-elect Eric Adams wants first 3 paychecks in bitcoin

Image
NYC mayor-elect Eric Adams wants first 3 paychecks in bitcoin New York City Mayor-elect Eric Adams pledged Thursday that he would accept his first three paychecks in bitcoin when he formally takes office next year.

FOX BIZ NEWS: Biden spending bill: Hoyer puts House on alert to be ready to return within an hour's notice

Image
Biden spending bill: Hoyer puts House on alert to be ready to return within an hour's notice House Majority Leader Steny Hoyer, D-Md., said Thursday that lawmakers will receive one hour’s notice prior to any vote later this evening on President Biden’s spending and infrastructure bills.

FOX BIZ NEWS: West Hollywood OKs highest minimum wage hike in the country

Image
West Hollywood OKs highest minimum wage hike in the country The West Hollywood City Council voted Wednesday evening in favor of increasing the city's minimum wage to $17.64 an hour, bumping another California city for the highest in the country.

FOX BIZ NEWS: Pelosi says Dems 'proceeding' with Biden spending bill, but no update on vote timing

Image
Pelosi says Dems 'proceeding' with Biden spending bill, but no update on vote timing House Speaker Nancy Pelosi said Thursday that Democratic lawmakers were “proceeding” with President Biden’s social spending bill, a declaration she made despite lingering disagreements on the legislation.

FOX BIZ NEWS: Rep. Luetkemeyer says voters ‘mad as the dickens’ at Biden policies crippling 'Main Street' America

Image
Rep. Luetkemeyer says voters ‘mad as the dickens’ at Biden policies crippling 'Main Street' America Rep. Blaine Luetkemeyer said Virginia's election results show voters are "mad as the dickens" at policies put forward by the Biden administration and congressional Democrats.

FOX BIZ NEWS: Nvidia riding Metaverse wave with crucial chip production

Image
Nvidia riding Metaverse wave with crucial chip production U.S. Bank wealth management CIO Eric Freedman and Sarge986 president Stephen Guilfoyle weigh in on tech sector movement.

FOX BIZ NEWS: NASA restricting use of SpaceX Dragon spacecraft toilet for Crew-2 astronauts

Image
NASA restricting use of SpaceX Dragon spacecraft toilet for Crew-2 astronauts NASA's Crew-2 astronauts will be unable to use the toilet on SpaceX's Dragon spacecraft when they return home from the International Space Station in November.

FOX BIZ NEWS: Miami mayor to accept salary in bitcoin: 'We're not going to be enforcing it'

Image
Miami mayor to accept salary in bitcoin: 'We're not going to be enforcing it' Miami Mayor Francis Suarez explains what prompted him to want to accept his entire salary in bitcoin.

FOX BIZ NEWS: Bezos' Blue Origin loses NASA lawsuit; win for Musk’s SpaceX

Image
Bezos' Blue Origin loses NASA lawsuit; win for Musk’s SpaceX A Federal Court of Claims judge ruled against Blue Origin on Thursday, dismissing the case and the claims of safety concerns.

FOX BIZ NEWS: Tech company hiring remote cashiers to help restaurants amid worker shortage

Image
Tech company hiring remote cashiers to help restaurants amid worker shortage Bite Ninja co-founder Will Clem says his company provides remote cashiers to help restaurants with an ongoing worker shortage.

FOX BIZ NEWS: White House snubbed by OPEC, exploring options

Image
White House snubbed by OPEC, exploring options The White House is exploring its options after OPEC+, a group of the world’s largest energy producers, moved ahead with planned production increases, ignoring President Biden’s plea to pump out more oil.

FOX BIZ NEWS: Manchin: U.S. has already spent more on COVID-19 than it did on World War II

Image
Manchin: U.S. has already spent more on COVID-19 than it did on World War II Sen. Joe Manchin, D-W.Va., explained his hesitance to vote for more spending in President Biden's Build Back Better plan by noting that the United States has already spent more money amid the COVID-19 pandemic than it did in fighting World War II, in today's dollars.

FOX BIZ NEWS: Miami mayor to accept entire salary in bitcoin

Image
Miami mayor to accept entire salary in bitcoin Miami Mayor Francis Suarez, who just secured a second term this week, said he will accept his entire salary in bitcoin.

FOX BIZ NEWS: Fox's revenue rises amid increased advertising sales

Image
Fox's revenue rises amid increased advertising sales Fox Corp., parent of Fox News and the Fox broadcast network, reported higher revenue in the latest quarter, as more original entertainment programming, live sports and growth at its streaming platforms boosted advertising sales.

FOX BIZ NEWS: Republican Youngkin says winning Virginia governor race reflects importance of ‘kitchen table issues’

Image
Republican Youngkin says winning Virginia governor race reflects importance of ‘kitchen table issues’ Glenn Youngkin, the governor-elect of Virginia, argued that the results of the election reveal that voters in the state value the importance of the “kitchen table issues” of low taxes, great schools, safe communities and a growing economy with job opportunities.

FOX BIZ NEWS: OSHA vaccine mandate to hit large employers Jan. 4, with hefty fines for noncompliance

Image
OSHA vaccine mandate to hit large employers Jan. 4, with hefty fines for noncompliance The Occupational Safety and Health Administration (OSHA) is giving employers with more than 100 employees a Jan. 4 deadline to comply with President Biden's COVID-19 vaccine mandate and threatening thousands of dollars in fines for defiant businesses

FOX BIZ NEWS: Amid supply chain woes, over 80 House members tell Buttigieg to implement program for truck drivers under 21

Image
Amid supply chain woes, over 80 House members tell Buttigieg to implement program for truck drivers under 21 Over 80 total bipartisan House members are telling Transportation Secretary Pete Buttigieg to allow truckers under 21 years old to cross state lines.

FOX BIZ NEWS: Stocks seek record day after Fed announces taper

Image
Stocks seek record day after Fed announces taper U.S. stock futures were mixed Thursday, a day after the major averages closed at record highs following the Federal Reserve announcing plans to begin tapering asset purchases.

FOX BIZ NEWS: Facebook slammed for stifling 'wrong-think' on climate change

Image
Facebook slammed for stifling 'wrong-think' on climate change Facebook has gotten more aggressive in promoting claims about a climate change consensus, adding fact-check-style “information” notes to various posts. Climate experts have condemned the move, attacking the study on which the claim of “consensus” is based and faulting Facebook for becoming an Orwellian thought police.

FOX BIZ NEWS: Bitcoin price slips as Ether comes down from record

Image
Bitcoin price slips as Ether comes down from record

FOX BIZ NEWS: Stock futures trade tentatively following Fed taper decision

Image
Stock futures trade tentatively following Fed taper decision

FOX BIZ NEWS: Toyota lifts annual profit outlook on a weaker yen

Image
Toyota lifts annual profit outlook on a weaker yen

FOX BIZ NEWS: Google to pursue Pentagon cloud-computing contract

Image
Google to pursue Pentagon cloud-computing contract Google is pursuing a massive cloud-computing contract with the Department of Defense, nearly three years after abandoning a similar bid process in the face of employee protests.

FOX BIZ NEWS: MGM plans to sell Mirage operations in Las Vegas

Image
MGM plans to sell Mirage operations in Las Vegas MGM Resorts International said it would sell its operations of The Mirage to another operator, part of a rash of deals that are changing the hands of ownership on the Las Vegas Strip.

FOX BIZ NEWS: Qualcomm posts record sales amid surging demand for 5G smartphones

Image
Qualcomm posts record sales amid surging demand for 5G smartphones Qualcomm Inc. posted record quarterly sales and forecast further growth amid surging demand for 5G smartphones in the face of supply-chain constraints.

FOX BIZ NEWS: Kellogg's US cereal plant workers reject revised offer

Image
Kellogg's US cereal plant workers reject revised offer

FOX BIZ NEWS: Tennessee Gov. Bill Lee names two officials to oversee Ford 'Blue Oval City' development

Image
Tennessee Gov. Bill Lee names two officials to oversee Ford 'Blue Oval City' development Tennessee Gov. Bill Lee unveiled a pair of appointments to the Megasite Authority of West Tennessee, the newly created entity tasked with overseeing the development of Ford Motor Company’s planned mega-campus near Memphis.

FOX BIZ NEWS: Pelosi: Paid leave added back into Biden social spending bill

Image
Pelosi: Paid leave added back into Biden social spending bill House Speaker Nancy Pelosi informed Democratic lawmakers Wednesday that a paid leave provision will be added back into President Biden’s social spending bill, a decision that could draw the ire of moderate holdouts, including Sen. Joe Manchin, W-Va.

FOX BIZ NEWS: Ford issues vaccine mandate for salaried workers

Image
Ford issues vaccine mandate for salaried workers Ford is requiring its salaried workers to get vaccinated against COVID-19 in order to comply with the Biden administration's requirement for federal contractors.