Business news

• Daniel Loeb's Top 5 Buys in the 3rd Quarter

  18-11-2019 23:19 via news.yahoo.com
  
  Top buy is Irish drug manufacturer Allergan Continue reading...
  
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• Container ship that caused Baltimore bridge collapse to be refloated, moved out of channel

  19-05-2024 21:04 via foxbusiness.com
  
  Maryland Gov. Wes Moore said Sunday the container ship that caused the Francis Scott Key Bridge collapse in late March will be removed from the Patapsco River channel "within days" as salvage crews plan to refloat the ship on Monday.Moore, a Democrat in his first term as governor, provided the update about progress in clearing the main shipping channel to Baltimore Harbor during an appearance on NBC News' "Meet the Press" with host Kristen Welker."I remember that first morning when the bridge fe
  
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• Disneyland's character actors and performers vote to unionize

  19-05-2024 20:09 via foxbusiness.com
  
  Actors and performers who portray characters like Mickey Mouse, Donald Duck and Cinderella at Disneyland Resort voted to unionize, the Actors Equity Association announced Saturday night.Cast members at Disneyland Resort first announced their intent to form a union in February and organized under the name Magic United. The union said 79% voted in favor of unionizing, with 953 votes in favor to 258 against in the National Labor Relations Board (NLRB) vote.While most of the 35,000 workers at Disney
  
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• Air India Express plane engine catches fire, forcing emergency landing at Bangalore airport

  19-05-2024 18:52 via foxbusiness.com
  
  Passengers aboard an Air India Express flight can be heard screaming on video as one of the aircraft’s engines caught fire Saturday night, forcing the plane to make an emergency landing.  The flight aboard an Airbus A320 had just taken off from Bangalore and was heading to Cochin International Airport in Kerala when the terrifying incident unfolded.Video shows a bright light glowing underneath a wing of the plane as it is flying before the video cuts to a shot of the plane on the tarm
  
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• Late hedge fund billionaire and philanthropist had a 222-foot yacht called Archimedes

  19-05-2024 15:00 via foxbusiness.com
  
  James Simons left behind a legacy in mathematics, finance and philanthropy, as well as a massive personal fortune and a yacht, when he passed away at age 86 last week.The billionaire, who founded the extremely successful hedge fund Renaissance Technologies, built up a personal fortune worth $31.4 billion over the course of his lifetime and used billions of that money for charity, according to Forbes. His charitable organization, the Simons Foundation that he co-founded with wife Marilyn, provide
  
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• Costco price hike: Popular items see unexpected jumps in cost

  19-05-2024 14:59 via foxbusiness.com
  
  Creeping price hikes have become all too common for consumers recently and Costco has generally been a safe haven for savvy shoppers due to its bulk buys and competitive prices. However, the retailer has upped the prices on some of its popular goods recently.For instance, while most Costco warehouses have gas stations with prices lower than competitors in that area, the company has quietly increased its prices on gas. Costco gas tends to be thirty to fifty cents cheaper than other gas
  
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• This newsletter is not AI; gag orders at the bank: CBC's Marketplace cheat sheet

  19-05-2024 14:00 via cbc.ca
  
  CBC's Marketplace rounds up the consumer and health news you need from the week.
  
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• Drew Barrymore's luxury New York barn hits market for $8.45 million

  19-05-2024 14:00 via foxbusiness.com
  
  Drew Barrymore's home in the Hamptons has been listed for $8.45 million.The 49-year-old actress purchased the house, which sits on 1.7 acres of land on Long Island, New York, in the ritzy Sagaponack village, for $5.5 million in 2019. Originally built as a barn in 1920, the primary residence was converted into a vacation house and underwent extensive renovations while Barrymore lived there – including many personal touches added by the "50 First Dates" star, per the Robb Report.FROM &l
  
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• After industry boom, Quebec distilleries fight for space on liquor store shelves

  19-05-2024 10:00 via cbc.ca
  
  It's one of the only ways Quebec distillers can sell their products. But as the Société des alcools du Québec aims to cut down on a glut of locally produced spirits amid a downturn in sales and a crowded market, some producers are worried.
  
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• Cruise line offers retirees concerned about inflation a 'new way of life'

  19-05-2024 00:01 via foxbusiness.com
  
  A luxury cruiseliner is now offering retirees the chance to live on its ships and travel the world for a flat sum – and it may be more economical than keeping a home.Villa Vie Residences's new Endless Horizons program requires a one-time payment of $299,999 for single-occupancy. For a double-occupancy cabin, the price increases to $499,999.Passengers will sail on the Villa Vie Odyssey ship, which embarks on a seven-continent adventure on May 30. The ship is currently docked in Belfast, Nor
  
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• 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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• LARRY KUDLOW: Trump will have significant ammunition on the economy

  17-05-2024 23:42 via foxbusiness.com
  
  With a little more than five weeks to go before the first Trump-Biden debate, virtually all the polls show the most important issues are the economy and immigration. In a recent Bloomberg-Morning Consult poll, Donald Trump was up 15 points over Joe Biden on the economy, 51 to 36%. On immigration, Trump was up 20 points, 52 to 32%. Important flag here: This is just seven swing states, but, in some sense, that may be all that matters for this election. Head-to-head for the big seven, by the w
  
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• Dow closes above 40,000 for first time

  17-05-2024 23:16 via foxbusiness.com
  
  The Dow Jones Industrial Average closed above 40,000 for the first time ever on Friday after hitting the milestone the day before. Investors celebrated solid earnings and a slight easing of consumer inflation last month. It marks the third 1,000 point milestone of 2024.The Dow has gained 6% this year and a strong quarter from the nation's largest retailer, Walmart, helped propel gains on Thursday. It closed above 30,000 on Nov. 24, 2020. Investors are also betting inflation may cool enough for t
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $34,552,930,923,742.92 as of 5/17/24

  17-05-2024 22:58 via foxbusiness.com
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — declined to $34,552,930,923,742.92 as of Wednesday afternoon, according to the latest numbers published by the Treasury Department. That is down about $18.1 billion from the $34,534,845,450,747.16 figure reported the previous day.By comparison, just four d
  
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• Beatles legend Paul McCartney named Britain's first billionaire musician

  17-05-2024 22:21 via foxbusiness.com
  
  Paul McCartney is Britain's first billionaire musician – and the first billionaire Beatle. According to The Sunday Times' annual Rich List, McCartney and his wife, Nancy Shevell's, net worth sits at one billion pounds ($1.27 billion). Paul's 2023 Got Back tour and Beyoncé covering The Beatles' "Blackbird" on her "Cowboy Carter" album contributed to his rise in revenue, according to the outlet.The Beatles also released "Now And Then" in November and it skyrocketed to the top of
  
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• Minister suggests Canada is considering tariffs on Chinese EVs following U.S. move

  17-05-2024 20:57 via cbc.ca
  
  Canada’s industry minister says Ottawa is “considering all measures” after the U.S. announced it would be hiking tariffs on Chinese electric vehicles and other related goods.
  
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• Frontier Airlines eliminates change fees as Biden admin cracks down on transparent pricing

  17-05-2024 20:53 via foxbusiness.com
  
  Frontier Airlines is eliminating change fees and says it will be more transparent with pricing as it works to comply with the Biden administration's mandate that U.S. carriers disclose all fees.The discount carrier announced on Friday that there won't be any change or cancellation fees for any cabin including economy, premium and business class. It's one of a handful of changes the carrier implemented in what CEO Barry Biffle claims is a "new era for Frontier – one with transparency i
  
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• Under Armour to lay off employees as part of restructuring plan

  17-05-2024 19:29 via foxbusiness.com
  
  Under Armour Inc. is initiating a restructuring plan to turn around its mounting losses. Founder Kevin Plank, who was brought back as CEO last month after stepping down at the end of 2019, told analysts that he is working on cost management and implementing necessary strategies to grow the brand. This includes an undisclosed number of layoffs. The company said it plans to take a charge of between $7 million and $15 million in employee severance and benefits costs.FOX Business reached o
  
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• Prices at the pump dropped four cents this week due to low oil costs

  17-05-2024 19:27 via foxbusiness.com
  
  Gas prices continued their downward descent, dropping by four cents to $3.60 per gallon, AAA’s weekly prices report found. This week’s average is still seven cents more than it was this time last year.Lackluster demand from drivers contributed to the drop in gas prices. Demand rose just slightly from 8.79 to 8.87 million barrels per day last week, data from the Energy Information Administration (EIA) showed. On top of a small jump in demand, lower oil prices are making gas cheaper at
  
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• East Palestine resident says whistleblower is 'tip of the iceberg' for disaster response 'cover-up'

  17-05-2024 19:02 via foxbusiness.com
  
  East Palestine, Ohio, residents are expressing frustration after learning that the emergency response to the toxic train derailment last year was riddled with mistakes."We're just hanging in there. It's all we can do," East Palestine local Linda Murphy said on "The Bottom Line" Thursday.The Environmental Protection Agency (EPA) is disputing whistleblower claims of mistakes and "no confidence" in early data collected from the site where a Norfolk-Southern train hauling caustic materials derailed
  
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