Walmart meets consumer spending changes with markdowns: CFRA analyst
CFRA senior equity adviser discusses Walmart's positive earnings and argues the retail giant has a positive approach to combating changes in consumer spending habits.
American Airlines agrees to buy 20 Boom Supersonic jets
American Airlines has agreed to add Boom Supersonic's Overture planes to its fleet to cut down its future travel times. Financial terms were not disclosed.
Walmart expects smaller profit drop as discounts drive demand
Walmart's total revenue rose 8.4% to $152.86 billion in the second quarter, helped by demand for food and other essential items. The retailer's stock has fallen over 8% this year.
Capri Sun flavor recalled for possibly containing 'cleaning solution'
Thousands of cases of Capri Sun Wild Cherry Flavored Juice Drink Blend beverages have been recalled for possibly containing cleaning solution.
Home Depot beats quarterly comparable sales estimates
The largest U.S. home improvement chain's comparable sales rose 5.8% for the second quarter, while analysts had expected a 4.9% growth, according to IBES data from Refinitiv.
Walmart is a top US inflation gauge
Walmart's earnings are due out Tuesday morning, and investors will be paying close attention to the retail giant seen as an additional inflation gauge.
Walmart reaches streaming deal with Paramount+
The retail giant is taking on Amazon by partnering with Paramount+ for entertainment streaming.
Disney responds to letter from activist investor Dan Loeb
The Third Point CEO has called on the House of Mouse to consider a series of initiatives, including a cost-cutting program, board refresh, EPSN spinoff and integration of Hulu into Disney+.
Elon Musk pitches 'like-minded Chinese partners' on technological vision for the future
Billionaire Elon Musk outlined his vision in China Cyberspace, the Cyberspace Administration of China's flagship magazine. Here is a FOX Business roundup of the essay's highlights.
Starbucks asks labor board to suspend all mail ballot elections after misconduct allegations raised
Starbucks issued a letter to the National Labor Relations Board to suspend mail ballot elections after claiming it was tipped off that there has been misconduct in prior elections.
Bank of America chief economist sees high chance of mild recession this year
Bank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.
US opens probe into 1.7 million Ford vehicles over brake hose recall
The National Highway Traffic Safety Administration is looking into a 2020 Ford recall
BlackRock launches spot Bitcoin private trust
The move comes as the world's largest asset manager has seen "substantial interest" from some institutional clients despite the digital asset market's recent downturn.
Walgreens is offering up to $75,000 to recruit pharmacists amid shortage
Walgreens typically offers signing bonus for pharmacists near $30,000 or $50,000, but due to staffing shortages, it is offering up to $75,000.
MLB 'Field of Dreams' game to feature tribute to Ray Liotta
FOX Business correspondent Grady Trimble previews the 2022 MLB game featuring the Cincinnati Reds and Chicago Cubs on 'The Claman Countdown.'
Twitter announces strategy to combat election misinformation
Twitter pledged that it would continue to fight election misinformation ahead of the 2022 midterms, enforcing its Civic Integrity Policy and other practices.
McDonald's to reopen some restaurants in Ukraine
Over the next few months, McDonalds will work with suppliers to get product to restaurants, prepare the properties to service customers, bring its employees back on site and implement enhanced safety procedures and protocols.
Whole Foods founder says socialists are 'taking over' the US, threatening liberties
Whole Foods CEO John Mackey says Americans' rights are "under threat" from socialists who are taking over major institutions like education, the military and corporations.
Producer prices, Disney shares rise and more: Thursday's 5 things to know
Investors will be watching for the latest inflation figures in the form of producer prices as well as the latest jobless claims.
Former Twitter employee convicted of accepting bribes from Saudi Arabia, sharing private user information
Ahmad Abouammo, a 44-year-old former Twitter employee, was convicted of sharing private user information with officials in Saudi Arabia and the royal family.


















