Business news

• Boeing re-elects outgoing CEO as search for replacement continues amid safety culture crisis

  18-05-2024 19:18 via foxbusiness.com
  
  Boeing’s shareholders voted to re-elect its outgoing CEO, contrary to the proxy adviser’s recommendation, amid an ongoing safety culture crisis. Proxy Adviser Glass Lewis last month recommended against shareholders reelecting Boeing CEO Dave Calhoun at this week’s annual meeting, but they ignored the guidance and passed the measure, according to a preliminary tally. Lewis raised concerns over dissatisfaction with efforts to change the safety culture at the company, wh
  
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• Jeff Bezos' massive Beverly Hills compound coming together

  18-05-2024 14:00 via foxbusiness.com
  
  The massive estate that Jeff Bezos reportedly owns in Beverly Hills appears to be coming together.Photos of the property taken this month by X17 Online depicted significant headway after the Daily Mail and other outlets reported in late February on various developments towards completion of the billionaire Amazon founder’s construction project there.The property has been under Bezos’s ownership since early 2020, when he reached a deal with then-owner and entertainment tycoon David Ge
  
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• Biden admin, TikTok ask court to fast-track pivotal ruling to decide fate of social media platform

  18-05-2024 13:41 via foxbusiness.com
  
  The Justice Department and TikTok on Friday asked a U.S. appeals court to fast-track the social media platform's lawsuit challenging a potential ban. Under a law signed by President Biden, TikTok's China-based parent company ByteDance must divest TikTok's U.S. assets by Jan. 19, else the short-form video website will be banned. TikTok, ByteDance and a group of TikTok content creators have filed a lawsuit to stop the forced sale, arguing divestiture is not possible by the deadline. On F
  
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• Consumer ETFs showing the real inflation picture

  18-05-2024 13:00 via foxbusiness.com
  
  Investors trying to gauge the real inflation picture should be paying close attention to how and where consumers are spending their money, and two exchange-traded funds are telling part of this story, as pointed out by Larry McDonald, founder of the Bear Traps Report, during an appearance on FOX Business. The Consumer Discretionary Select Sector SPDR ETF, which counts General Motors, Chipotle and Deckers among its top holdings, is down for the year, as consumers swap spending on items they
  
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• 'Yellowstone' and 'The White Lotus' inspiring luxe summer vacations, 'set-jetting' trend

  18-05-2024 10:00 via foxbusiness.com
  
  The "set-jetting" trend in tourism is driving travelers to choose vacation destinations based on their favorite television shows, including the Montana mountains seen in the Kevin Costner-led "Yellowstone" and the sandy beaches of Maui featured in the first season of "The White Lotus." According to Adam Duckworth, president and founder of Travelmation, "Set-jetting is a hot travel trend where travelers are building trips around their favorite TV shows or movies.  This trend has ex
  
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• Older adults worried about retirement are going back into the workforce

  18-05-2024 07:49 via foxbusiness.com
  
  People over 50 are saying they are worried about prices rising faster than their income. A recent survey by AARP found that more than 25% say they are not retired yet and never expect to reach that point. This is causing some older adults to go back into the workforce so they can pay for necessities. "Well, we're gonna have to have meatless meals because it's so expensive," said Laura Wright, an older adult in St. Louis who said she is going to find another source of income to com
  
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• Summer dream job: Get paid $100K to swim in pools across all 50 US states

  18-05-2024 05:26 via foxbusiness.com
  
  This summer, you could be swimming in cash.Swimply, a private pool rental company based in Los Angeles, announced that it's hiring a chief pools officer (CPO) for the summer of 2024.The company is in search of a pool lover whose job will be to travel to all 50 U.S. states, from July to September, and review as many pools as possible, according to the listing.FREE TAYLOR SWIFT TICKETS: COMPANY WILL PAY 2 FRIENDS TO TRAVEL TO LONDON, ATTEND ERAS TOURThe CPO will be responsible for spreading the wo
  
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• Bank of America employee, 25, dies suddenly weeks after 35-year-old colleague's death

  18-05-2024 04:07 via foxbusiness.com
  
  A 25-year-old Bank of America employee died suddenly while playing soccer Thursday night just weeks after a 35-year-old investment banker with the company died of a blood clot.Bank of America confirmed Adnan Deumic's death to Fox Business. "The death of our teammate is a tragedy, and we are shocked by the sudden loss of a popular, young colleague," a Bank of America spokesperson told Fox News Digital of Deumic’s death. "We are committed to providing our full support to Adnan’s f
  
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• Mercedes-Benz workers in Alabama vote against union in major blow to UAW

  18-05-2024 01:12 via foxbusiness.com
  
  U.S. workers at a Mercedes-Benz plant in Alabama handed a stinging loss to the United Auto Workers on Friday, rejecting the union in a vote it had expected would build on a win at a Tennessee Volkswagen plant and push it deeper into the U.S. South.It marked the first big loss for UAW organizers after a series of victories, including double-digit raises for Detroit workers and the union's expansion to a VW factory in Chattanooga last month. That leaves the next steps unclear for the union, which
  
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• King Charles III officially wealthier than Queen Elizabeth, monarch's fortune soars to $770 million

  18-05-2024 00:23 via foxbusiness.com
  
  King Charles III's personal wealth has far surpassed the net worth of his late mother, Queen Elizabeth.The 74-year-old monarch's fortune has climbed to $770 million, according to The Sunday Times Rich List 2024, which listed him as the 258th wealthiest person in the U.K. Charles' wealth jumped $12 million since the outlet's Rich List 2023 was published last year.Elizabeth's wealth was determined to be $468 million prior to her death in September 2022, according to the Times Rich List 2022.Howeve
  
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• Dow 40,000, GameStop meme craze and inflation hangover

  18-05-2024 00:09 via foxbusiness.com
  
  -The Dow Jones Industrial Average has captured 40,000 for the first time ever-Inflation remains elevated, weighing on Fed Chairman Powell's psyche -Walmart is winning as more high-earning Americans shop to stretch their dollars -Thank "Roaring Kitty" for GameStop, AMC and the meme stock trading revolution -Boeing whistleblower cause of death revealed-Iconic Las Vegas casino to be leveled to make way for new brand -Red Lobster fans mourn the collapse of the casual dining chain
  
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