Business news

• LARRY KUDLOW: Three key pillars of Trump's economic plan are very bullish for future economic growth

  11-11-2024 23:54 via foxbusiness.com
  
  Markets applaud Trump's policy mandate for change and that's the subject of the riff. President Trump's landslide victory – winning both the popular and electoral college votes – represents a significant mandate for change. Yes, it's a mandate to change the Biden-Harris administration because nobody wanted a second term, but it's also a mandate to change policies almost across the board. One of those key policy changes is clearly on the economy. Now, I keep reading in various me
  
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• Southern capital tops list of best cities for US veterans: See where yours ranks

  11-11-2024 23:46 via foxbusiness.com
  
  Are some U.S. cities better for veterans than others? A study published shortly before Veterans Day says yes.The study was conducted by WalletHub, a personal finance company, and published on Nov. 7. The survey analyzed 100 of the most-populated U.S. cities, and compared how each city performed in four distinct categories."In order to determine the best places for veterans to live, WalletHub compared the 100 most populated U.S. cities across four key dimensions: 1) Employment, 2) Economy, 3) Qua
  
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• Cathie Wood predicts Trump policies will 'turbocharge' US economy more than Reagan Revolution

  11-11-2024 22:15 via foxbusiness.com
  
  Ark Invest CEO Cathie Wood sees a bright future ahead with President-elect Trump's return to the White House and predicted over the weekend that his policy agenda will likely usher in economic growth not seen in decades.In a post-election message to investors released Sunday, Wood likened America's current economic situation to the early 1980s when President Reagan's tax cuts combined with interest rate cuts by the Federal Reserve resulted in explosive growth that led to the U.S. eventually grow
  
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• 80,000 pounds of Costco butter recalled for lacking disclaimer about milk

  11-11-2024 22:03 via foxbusiness.com
  
  Continental Dairy Facilities Southwest LLC recalled more than 79,000 pounds of Costco Kirkland Signature butter last month because the packaging may not have an allergen disclaimer about milk.The recalled 46,800 pounds of Kirkland Signature Unsalted Sweet Cream Butter and 32,400 pounds of Kirkland Signature Salted Sweet Cream Butter "list cream, but may be missing the Contains Milk statement," according to the Food and Drug Administration (FDA).Distribution of approximately 2,100 cases
  
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• Fed's Kashkari warns mass deportations could disrupt labor at some businesses

  11-11-2024 21:01 via foxbusiness.com
  
  Mass deportations of illegal immigrants working in the U.S. would likely disrupt the labor supply at some businesses, but it's uncertain what impact it would have on inflation and the economy at large, Minneapolis Federal Reserve President Neel Kashkari said on Sunday.Kashkari appeared on CBS' "Face the Nation" and outlined his views on the impact of President-elect Trump's campaign pledge to deport illegal immigrants."If you just assume people are working – either working in farms or
  
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• Illinois woman wins $1M from forgotten lottery ticket she left in her bag

  11-11-2024 18:31 via foxbusiness.com
  
  A woman in Illinois won $1 million from a forgotten lottery ticket she rediscovered in her purse.She came into the seven-figure windfall thanks to a Lucky Day Lotto ticket she said she put in her bag and "forgot all about" after purchasing it during a visit to the grocery store last month on the way to see a relative, according to the Illinois Lottery.The woman rediscovered the quick-pick ticket in her purse and learned she was a million-dollar winner a couple of days after the state lotter
  
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• Tesla headed for $2 trillion valuation after Musk's 'big bet' on Trump win, analysts say

  11-11-2024 17:57 via foxbusiness.com
  
  Tesla shares continue to soar after President-elect Trump secured a second term in the White House with CEO Elon Musk as a major backer, sending the electric vehicle maker's valuation above $1 trillion following a post-election rally last week. Now, analysts see Tesla's market capitalization doubling before Trump's second term even hits the half-way mark.Wedbush analysts led by Dan Ives raised their price target for Tesla from $300 to $400 per share in a note Monday, writing "we believe the
  
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• Stuart Varney: The Trump 'resistance' movement is going to have a tough time

  11-11-2024 17:31 via foxbusiness.com
  
  During his "My Take," Monday, "Varney & Co." host Stuart Varney addressed the anti-Trump "resistance" campaign, arguing the nation is not going to look kindly on "distraught Democrats" trying to destroy President-elect Trump's second term.STUART VARNEY: There will be marches. There will be angry demonstrations. Maybe tearful outbursts. The so-called "resistance" to Donald Trump, is getting itself together. They are going to have a tough time. CRUISE LINE OFFERS 4-YEAR JOURNEY FOR A
  
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• Bitcoin surges to a new record high, topping $84,000

  11-11-2024 17:06 via foxbusiness.com
  
  Bitcoin's record-setting run in the wake of President-elect Trump's election victory continued on Monday as the cryptocurrency surged past $84,000 to a new all-time high.Bitcoin prices rose from under $80,500 to a new record of more than $84,500 and have risen over 17% since Nov. 6, when Trump sealed his return to the White House by defeating Democratic rival Vice President Kamala Harris.Prices had risen on Election Day as traders bet that the winner would adopt a more favorable regulatory
  
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• Flames burst from Boeing plane after reported bird strike, video shows

  11-11-2024 15:20 via foxbusiness.com
  
  Flames spewing from the wings of a Hainan Airlines Boeing jet were caught on video after the plane reportedly stuck a bird following takeoff from Italy. The incident involving Hainan Airlines Flight 438, a Boeing 787-9 Dreamliner destined for Shenzhen, China, unfolded Sunday in the vicinity of Rome Fiumicino Airport. Footage obtained by Viral Press shows trails of flames coming from one of the plane’s engines as it flew close to the ground.  In another clip, the plane could
  
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• Lockout at Port of Montreal could be 'catastrophic' for economy, port authority says

  11-11-2024 14:48 via cbc.ca
  
  A lockout at the Port of Montreal began Sunday night. The CEO of the Montreal Port Authority says if the dispute between dockworkers and the Maritime Employers' Association drags on, it will have disastrous consequences for the economy.
  
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• President-elect Trump's deportation plan touted as a 'cost savings' opportunity for Americans

  11-11-2024 13:00 via foxbusiness.com
  
  President-elect Donald Trump's immigration plan will be a "cost savings" for the American people, former acting ICE Director Tom Homan told Maria Bartiromo on Sunday, responding to a warning from the Wall Street Journal that carrying out the largest mass deportation effort in history could bear a hefty price tag."[The Biden administration] is paying for free airline tickets around the country, free hotel rooms at $500 bucks a night, free education, free medical care, and that's in perpetuity," h
  
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• Hiring veterans is good business: USAA CEO

  11-11-2024 13:00 via foxbusiness.com
  
  This Veterans Day comes as the country prepares for change, to usher in President-elect Donald Trump in January, but the message for those who served our country remains unchanged."We’re asking folks at 11 a.m. ET on Veterans Day to reach out, whether you reach out by phone or reach out personally, and just connect with a veteran in your network. Building that community is so important," USAA CEO Wayne Peacock told FOX Business. "We're going to be supporting anyone who wants to help u
  
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• Military veterans who became Fortune 500 CEOs

  11-11-2024 12:00 via foxbusiness.com
  
  Members of the armed forces have traded their uniforms for corporate suits for decades, with some making their way to the helm of Fortune 500 companies. Companies like General Motors, Verizon, Johnson & Johnson and Anheuser-Busch have all tapped former military members to lead their operations.Eric Eversole, president of Hiring Our Heroes and vice president at the U.S. Chamber of Commerce, told FOX Business that these individuals are highly qualified for executive roles due to their tra
  
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• Gold ETFs are finally joining the party

  11-11-2024 12:00 via foxbusiness.com
  
  As gold prices continued to defy the odds, hitting new all-time highs, exchange-traded funds linked to the precious metal were not part of the party – until now.  "Western-listed gold ETFs have finally started to stir, leading to the first quarter of global inflows since Q1 2022," according to the World Gold Council’s "Gold Demand Q3 2024" report.  Gold prices hit a record $2,788 an ounce on Oct. 30. Since then, they have drifted lower, but they remain near the peak. T
  
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• Disney Cruise Line ship rescues passengers at sea from sinking catamaran near Bermuda

  11-11-2024 11:33 via foxbusiness.com
  
  A Disney Cruise Line ship that was traversing the Atlantic Ocean made an unexpected stop Sunday to help rescue four people from a sinking catamaran off the coast of Bermuda.The 50-foot catamaran, named Serenity, began taking on water after a gasket failure in the escape hatch happened about 230 miles away from Bermuda, according to a report from ABC7.Passengers from Serenity placed a call for help, in which turn the U.S. Coast Guard sent a broadcast. DISNEY WORLD CONFIRMS ‘TWISTED&rsq
  
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• Free transit actually is a thing, and you might be surprised where

  11-11-2024 10:00 via cbc.ca
  
  While public transit in many Canadian cities is struggling with rising fares and falling ridership, one Ontario community has more than doubled its transit use in the past two years. Orangeville has made its buses free, joining a list of much larger communities that have gone fare-free.
  
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• California drivers brace for possible gas price hike after state regulators approve tighter climate standards

  11-11-2024 03:35 via foxbusiness.com
  
  California drivers may soon see a hike in gas prices after state regulators approved tougher standards for reining in climate emissions. The California Air Resources Board (CARB), which comprises board members appointed by Gov. Gavin Newsom and the Democrat-controlled legislature, voted Friday to update the Golden State’s Low Carbon Fuel Standards (LCFS). The board says the updates are aimed at increasing cleaner fuel and transportation options for California drivers, and acceler
  
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• Tesla market value surpasses $1 trillion after Musk-backed Trump wins presidency

  11-11-2024 03:18 via foxbusiness.com
  
  The relationship between President-elect Trump and billionaire Elon Musk sent Tesla’s market value above the $1 trillion mark after a rally on Friday.Musk, who is the CEO of Tesla, endorsed Trump's bid to return to the White House and was a prominent financial backer of his campaign.Reuters reported on Friday that the electric automobile maker’s shares rose to $321.22, or up 8.2%, putting the company’s valuation above the $1 trillion mark for the first time in over two years.Ov
  
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• Cruise line offers 4-year journey for Americans mourning Trump win: 'Skip forward'

  11-11-2024 02:10 via foxbusiness.com
  
  A cruise line recently introduced a package for ocean enthusiasts willing to set sail for four years – days after President-elect Trump won the Nov. 5 presidential election.Villa Vie Residences announced its "Skip Forward" package on Nov. 7, one day after Trump was declared the winner of the 2024 presidential race.The Skip Forward package is part of the company's Tour La Vie program, which starts at around $40,000 per year. "Residents have the flexibility to join their customized jour
  
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