GM’s EV push stalls amid slow rollouts for GMC Hummer, Cadillac Lyriq
GM will not surpass Tesla this year in electric vehicle sales. GM has found it harder than expected to move away from fossil fuel cars and scale EV manufacturing.
The perk-cession is under way at some companies
Tech companies have cut perks, something remaining employees say has gone to far, while laid off employees wish the company had kept them around but reduced perks further.
Wegovy, Ozempic: The barriers to accessing these weight loss drugs
Doctors tell FOX Business that there are a handful of barriers keeping people from being able to take Wegovy and Ozempic including insurance coverage, high cost and availability issues.
Senate’s bipartisan RESTRICT Act would block tech products like TikTok made in adversarial countries
Senators introduced the bipartisan RESTRICT Act that would block technology products from adversarial countries like China and Russia from being available in the U.S.
South Korea says US Chips Act subsidies have too many requirements
SK Group of South Korea has pledged a $15 billion U.S. investment that includes semiconductor research and development.
White House watching Silvergate in crypto fallout
White House press secretary Karine Jean-Pierre said in her Monday briefing the Biden Administration has its eyes on Silvergate after the California crypto bank delayed its annual report and announced the shuttering of its exchange network last week.
As customer problems hit a record high, more people seek ‘revenge’
Consumer anger has tripled since 2020, while more angry customers are seeking revenge and running into problems with services, as companies struggle to hire enough employees.
Senate Banking Committee Republicans to grill Fed chair on inflation, regulating big banks
Republicans on the Senate Banking Committee are expected to grill Federal Reserve Chair Jerome Powell in a Tuesday hearing on Capitol Hill.
Interest rate hikes 'won’t stop big corporations' raising prices, Sen. Brown to tell Fed chair
Senate Banking Committee Chairman Sherrod Brown is expected at Tuesday's hearing to criticize the Federal Reserve's continuous interest rate hikes.
US challenges Mexico’s plan to phase out imports of corn from GMO seeds
During 2022, Mexico purchased nearly $5 billion worth of corn from the U.S., making it the second largest importer after China. US exports to Mexico are GMO based.
JetBlue, Spirit brace for Justice Department lawsuit to block airlines’ merger
JetBlue expects a lawsuit from the Justice Department over the $3.8 billion merger with Spirit Airlines; Spirit argues deal would save customers millions.
Jamie Dimon says Ukraine war, China his biggest economic concerns
JPMorgan Chase CEO Jamie Dimon warned on Monday that the war in Ukraine, and what it means for U.S. relations with China, are the top economic concerns.
FDA to decide on full approval of Alzheimer's treatment Leqembi in early July
The FDA will decide on July 6 whether to grant full approval to the new Alzheimer's treatment Leqembi, Japanese drugmaker Eisai and its U.S. partner Biogen said.
Angelo Gordon raises $1.3B fund to buy company debt
Angelo Gordon & Co is raising a new fund to invest in corporate-debt securitie. saying it believes worry over default has created screaming deals in the bond market.
California court orders oil company to pay big after several spills damage natural resources
HVI Cat Canyon Inc., has been ordered to pay the U.S. government and the State of California $65 million in damages and cleanup costs for more than two dozen oil spills.
Iran claims discovery of massive lithium deposit
Iran claims to have discovered a massive lithium deposit for the first time ever as demand for the raw material sores as the world races to go electric.
Why Apple stock can rise over 30%: Goldman Sachs initiates first Buy since 2017
For the first time since 2017, Goldman Sachs has initiated first Buy on Apple since 2017 after saying shares could climb as high as 36% in 2023.
Georgia thieves busted by cops when they stopped to charge getaway Tesla
Two thieves in Georgia were apprehended for stealing gaming systems after officers found them charging their getaway electric vehicle, according to police.
Family sues Airbnb after toddler dies of fentanyl overdose in rental
The Lavenir family filed a wrongful death lawsuit against Airbnb, a rental owner, and the prior renter after their 19-month-old daughter died due to fentanyl exposure.
Chinese genomics company rejects human rights abuses after US blacklists its units
The U.S. Commerce Department has added three units of Chinese company BGI Group to its "entity list" over allegations of contributions to Chinese surveillance.



















