Business

General Motors faces billions of dollars in new tariff-related hits to earnings but still plans to hold vehicle prices steady, CEO Mary Barra told FOX Business on Thursday, citing the company's push to expand U.S. production.With the side effects of tariffs looming, something has to give – but, for now, GM says customers won't be paying the price."From a pricing perspective, we've said, and we've included in our guidance, it […]

Goldman Sachs CEO David Solomon said Tuesday he thinks financial markets will overcome prevailing uncertainty to settle down for an anticipated rise in mergers with companies going through the public listing process."If the level of uncertainty grows from here, yes, you will not see the same amount of capital activity, but things will settle down," Solomon said in an interview with Bloomberg Television's Francine Lacqua. "People need to transact, need to […]

The liberal media and their pals on Wall Street are talking about recession, because GDP in the first quarter of 2025 was scored with a slight decline of three-tenths of one percent.And those afflicted with the disease of 'Trump derangement syndrome' are now breathlessly predicting a recession in the second quarter.But, if you look under the hood of the GDP report and carefully parse through the numbers, what you actually […]

A Hawaiian Airlines flight heading from Honolulu to Tokyo declared an emergency on Monday as a precautionary measure after a mobile device became lodged in a seat, creating an "electrical smell" on the plane.The carrier said in a statement to FOX Business that Hawaiian Airlines Flight 457’s emergency declaration was issued "out of an abundance of caution" so the aircraft could receive "priority handling" when it arrived at Haneda Airport, […]

Italian restaurant chain Bertucci’s is closing more locations after filing for bankruptcy again to mitigate losses.The Massachusetts-based business, which has locations along the East Coast and is best known for its brick oven pizza and pasta, filed for Chapter 11 bankruptcy protection in Florida last week. It marked the chain's third bankruptcy since 2018.Bertucci’s also closed seven of its underperforming locations – five in Massachusetts, one in Rhode Island and […]

First Solar's stock fell on Wednesday after investors reacted to the "significant challenges" that CEO Mark Widmar said President Donald Trump’s tariffs presented to the solar module maker.The company’s shares fell over 7.5% on Wednesday, the day after First Solar released its first-quarter financial results and held its earnings call to discuss them.Widmar told analysts and investors on the call that the Trump administration’s tariffs "introduced significant challenges to 2025 […]

President Donald Trump said Wednesday that his administration’s tariffs are incentivizing investment in the U.S., while China is "doing very poorly right now." "I heard Samsung is — now because of the tariffs — they're going to build massive facilities in the United States," Trump said during a Cabinet meeting. "If we didn't do the tariffs, they wouldn't be doing that." Trump said earlier this month that he has attracted over $7 […]

Ford CEO Jim Farley got under the hood of the automaker's commitment to American manufacturing Tuesday on FOX Business, telling "Mornings with Maria" host Maria Bartiromo that one sprawling Kentucky truck plant showcases President Trump's vision for the U.S. auto industry."This is one of the biggest, most profitable plants in the world. [It's] certainly our most important – it makes the Super Duty, the new Expedition and Navigator, [which are […]

President Donald Trump on Wednesday blamed his predecessor for a volatile stock market amid an unexpected contraction of the U.S. economy in the first quarter — but voiced that the economy is still poised for rapid growth. Stocks fell on Wednesday morning after new data showed the economy contracted for the first time in three years."This is Biden’s Stock Market, not Trump’s," the president wrote on Truth Social. "I didn’t take over […]