Business

GameStop and AMC were the early faces of the meme stock revolution as retail investors traded these shares in a viral frenzy even if there wasn’t factual news. Famously, investor Roaring Kitty, also known as Keith Gill and Deep-F…value, who had gone quiet for three years, returned to social media in June 2024 with a Reddit post that showed a ledger of GameStop holdings worth millions of dollars. The stock soared […]

Prominent American business leader Ari Emanuel unveiled a new holding company, which will house many of Endeavor Group Holdings assets and live sporting events and experiences.Emanuel, the CEO of entertainment and media agency Endeavor and TKO Group Holdings, announced his latest venture will operate under the name MARI. Arts organization Frieze and IMG’s portfolio of tennis events including the Miami Open and Madrid Open are under MARI's control. The new […]

Teamsters union president Sean O'Brien testified before a Senate committee on Wednesday and expressed appreciation for Republican lawmakers' efforts to reach out to labor unions and work with them on legislation.O'Brien testified before the Senate Health, Education, Labor and Pensions (HELP) Committee at the invitation of Chairman Bill Cassidy, R-La., to discuss proposals for reforming labor laws."I'm encouraged that I've been invited here as a guest of the Republican majority, that is […]

A major aluminum supplier for Ford Motor Co. said it will suspend operations for several months after a fire erupted at its facility in September. Novelis, a key supplier of automotive-grade aluminum for Ford and used in vehicles like the F-150 pickup truck, told FOX Business that its plant in Oswego, New York, won't be back in operation until the first quarter of fiscal 2026.A Novelis spokesperson said the company activated […]

FIRST ON FOX — At least a dozen Republican state attorneys general from across the United States signed a letter to Meta Platforms Chief Legal Officer Jennifer Newstead demanding answers on the company's actions following the Oct. 7, 2023, terror attacks in Israel."We, the 12 undersigned Attorneys General, write to express our serious concerns over recent allegations regarding Meta’s actions following the October 7, 2023, massacre and terrorist attack in […]

A Minnesota-based food products supplier is recalling organic spinach after some of the product tested positive for a potentially harmful bacteria. Sno Pac Foods' Del Mar 35 LB Bulk Organic Frozen Spinach and Sno Pac 10-ounce Organic Frozen Cut Spinach are being recalled after a bulk case of spinach from its supplier was tested and found positive for listeria monocytogenes, according to a notice posted by the Food and Drug Administration […]

Democratic Connecticut Gov. Ned Lamont has cautioned about a Zohran Mamdani victory in the New York City mayoral race given the impact his policies could have on Wall Street.In an interview with Bloomberg Television, Lamont also alluded to the effect on neighboring Connecticut’s own financial ecosystem. "New York City is the financial capital of the world, and we’re a big piece of it here," Lamont said at the Greenwich Economic Forum […]

The CEO of Dollar Shave Club vowed that the company would return to its roots after its corporate owner "neutered" the brand, Fortune Magazine reported. "They neutered the voice of the brand. They tried to make it too corporate, and they lost that irreverent, ‘on the edge’ humor. And when you do that, you lose the consumer," Dollar Shave Club CEO Larry Bodner said. Dollar Shave Club was founded in 2012, launching […]

The Federal Aviation Administration (FAA) is bracing for nationwide air traffic disruptions Tuesday night as staffing shortages hit several major control centers, including Chicago, Nashville, Houston and Las Vegas.Officials said the shortages, which come amid the ongoing government shutdown, will increase the likelihood of flight delays, reroutes and ground stops overnight.As of 3 p.m. CST, the FAA issued a two-hour ground delay for Nashville International Airport from 5 p.m. to […]