Business news

• TikTok CEO reaching out to Elon Musk for information on Trump presidency: WSJ

  23-11-2024 22:54 via foxbusiness.com
  
  TikTok CEO Shou Chew has been seeking out Elon Musk’s advice about President-elect Trump’s approaching second term, according to a report. Musk endorsed Trump last summer and has been close with the president-elect since, even staying at Mar-a-Lago after the election and joining him on calls with leaders like Ukrainian President Volodymyr Zelenskyy. Chew has reached out to Musk, the owner of X, more than once, asking him about the new administration and Trump’s potent
  
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• Nebraska AG launches assault against California's electric vehicle push

  23-11-2024 22:28 via foxbusiness.com
  
  Nebraska's attorney general is fighting back against what he calls a "three-pronged attack" from truck manufacturers, California regulators and the Biden administration to force out diesel-powered engines in favor of electric trucks.Attorney General Mike Hilgers this week filed a lawsuit against four of the nation's largest heavy-duty truck companies, alleging they colluded in an "industry-wide conspiracy" with California environmental regulators to phase out medium and heavy-duty trucks that ru
  
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• Germany in economic doldrums amid Trump tariff war, China competition

  23-11-2024 15:00 via foxbusiness.com
  
   FRANCE - For decades after WWII, Germany became the industrial engine of Europe. It remained that way until two years ago. Then, its economy slumped and, after that, went dormant. Once by far the most vibrant of any inside Europe, it peaked in the third quarter of 2022 with an inflation-adjusted output of $954 billion for the three-month period. "You have an economy in Germany that is sick," says Elias Haddad, a senior markets strategist at Brown Brother Harriman in London. Two m
  
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• Young CEO gave up $10 million dollar bonus to launch technology company: 'Wouldn't trade it for the world'

  23-11-2024 14:27 via foxbusiness.com
  
  While money is often top of mind for business owners, one CEO was more drawn to climbing the ladder of entrepreneurial success — so much so, he turned down a $10 million bonus to launch his own company.Alex Merutka, founder and CEO of Craftsman+, an innovative technology company which offers brands an opportunity to increase engagement with consumers, left AppLovin, a Silicon Valley-based startup worth over $100 billion, to be his own boss."There was a certain point where money didn't real
  
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• 'Wicked' fans warned not to sing in theaters, must wait for sing-along screenings in money-grabbing move

  23-11-2024 14:00 via foxbusiness.com
  
  "Wicked" fans were warned not to sing, talk or wail in a commercial played ahead of the film in theaters.AMC Theaters aired the commercial ahead of "Wicked," giving moviegoers a list of things not to do during the film starring Ariana Grande and Cynthia Erivo."No talking. No texting. No singing. No wailing. No flirting," a voiceover said, while showing clips from the Broadway musical-turned-movie. "And absolutely no name-calling. Enjoy the magic of movies.""AMC has a long-standing policy that pr
  
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• Family of California Gov. Newsom acquires Marin County home for $9.1M

  23-11-2024 14:00 via foxbusiness.com
  
  The family of California Gov. Gavin Newsom acquired a multi-million-dollar home in a Marin County purchase early in November. Local media outlets such as the San Francisco Standard and San Francisco Chronicle reported the purchase of the 5,600-square foot Kentfield home occurred Nov. 14.The luxury home was acquired via a limited liability company owned by Newsom’s wife, Jennifer Siebel Newsom, a source told FOX Business.Its sale price came in at $9.1 million, a listing for the pr
  
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• More than 10% of South Korea's workforce is now robotic, survey finds

  23-11-2024 05:43 via foxbusiness.com
  
  Slightly over 10% of South Korea's workforce has been replaced with robots, an annual survey by World Robotics 2024 found.The report, which was presented by the International Federation of Robotics (IFR), found that robotics has continued on an upward trend globally.South Korea led the transition to a robotic workforce, with the Asian country having 1,012 robots per 10,000 employees. The country has increased its use of robots by 5% each year since 2018, the IFR found.FORMER FACEBOOK EXEC S
  
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• Stocks jump, DOGE gets to work and Walmart talks tariffs

  23-11-2024 01:52 via foxbusiness.com
  
  - While President-elect Trump is busy building his cabinet, the DOGE team is already hard at work - Wall Street CEO gets nod for commerce secretary, treasury favorite picked after tight race  - Bitcoin nears $100K as U.S. stocks wrap up a winning week, along with big gains for gold - Nvidia CEO tells FOX Business why his company is dominating the AI race - Tariffs are just talk right now, but Walmart and TJX, owner of Marshalls and TJ Max, are telling customers what to expect
  
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• Trump nominates Scott Bessent as treasury secretary; picks Russ Vought to lead budget office

  23-11-2024 01:42 via foxbusiness.com
  
  President-elect Trump nominated Scott Bessent to serve as Treasury Department secretary once he returns to the White House in January.In a statement on Friday, Trump highlighted Bessent's expertise."I am most pleased to nominate Scott Bessent to serve as the 79th Secretary of the Treasury of the United States," he said. "Scott is widely respected as one of the World’s foremost International Investors and Geopolitical and Economic Strategists. Scott’s story is that of the America
  
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• LARRY KUDLOW: Here's to hoping the Senate GOP puts their big boy pants on and confirms Trump's Cabinet choices

  23-11-2024 00:31 via foxbusiness.com
  
  Here's to hoping the Senate GOP puts their big boy pants on and confirm President-elect Donald Trump's Cabinet choices. Don't listen to the D.C. swamp. Don't listen to the liberal media. Please listen to the guy who won a landslide election, where voters have given him a major mandate for change – policy change, as well as personnel change.Indeed, personnel becomes policy. I personally don't think Matt Gaetz got a fair hearing, or was truly allowed to make his case, but it was he who
  
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