GM beats inflation as US demand drives quarter
The automaker reported net income of $3.3 billion, or $2.25 per share, on revenue of $41.9 billion. Net income for the quarter was driven by a new vehicle sales increase of 24% in the United States.
Housing, earnings reports due, cuts in healthcare and more: Tuesday's 5 things to know
Four Dow members will report third-quarter earnings Tuesday morning. The big corporate names include Coca-Cola, Microsoft, Visa, GM, General Electric and more.
Meta investor urges company to slash headcount, slow metaverse spending
Altimeter Capital argues the changes would double Meta's free cash flow to $40 billion per year, improve its stock price and make a leaner, more productive and focused company.
Apple, Amazon earnings, Elon Musk, Twitter deal deadline, new home sales top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Snap Inc. co-founders see their net worths drop over year: report
Snap Inc. co-founders Evan Spiegel and Bobby Murphy have seen their respective net worths drop precipitously in a year, Bloomberg reported Friday.
Tesla with a market cap bigger than Apple? Elon Musk says so; experts weigh in
Tesla CEO Elon Musk said this week that his electric vehicle company's market cap could eventually exceed that of tech giant Apple. What are the odds?
Biden admin considers reviews of Elon Musk's Twitter deal, Starlink — report
Officials are concerned about Elon Musk's plan to acquire Twitter with a group of foreign investors and possibly pull the plug on Starlink funding in Ukraine
Elon Musk says he's 'obviously overpaying' for Twitter but touts platform's 'incredible potential'
Billionaire Elon Musk has said his decision to acquire Twitter for $54.20 per share could potentially accelerate the creation of X, an "everything app," by three to five years.
Twitter freezes employee equity award accounts: report
Elon Musk has until Oct. 28 to close his $44 billion acquisition of Twitter and avoid a legal trial in the Delaware Court of Chancery over his previous attempts to walk away.
Paul Pelosi exercises $1M Google stock call options before Dems introduce congressional stock trading ban
Paul Pelosi exercised call options on Google parent-company Alphabet worth between $1 million and $5 million just a week before a bill banning congress members and their spouses from trading individual stocks.
Activist investor Starboard takes Salesforce stake
A Salesforce spokesperson told FOX Business that the company is "committed to acting in the best interests of our shareholders" but did not comment on the report of a stake.
Hasbro sales slip as families tire of playing with inflation
Revenue for the Pawtucket, Rhode Island, company fell to $1.68 billion, down 15% from last year's third quarter. Hasbro Inc. earned $129.2 million in the quarter.
Student loan portal opens, Musk's bot plan and more: Tuesday's 5 things to know
Online application portal for President Biden's student loan handout program officially rolls out. And power producers sound the alarm about natural gas demand as cold front hits U.S.
Elon Musk-Twitter saga: A look at the major players
Tesla CEO Elon Musk has until Oct. 28 to close the Twitter deal before the Delaware Court of Chancery moves forward with a legal trial in November.
Oil tycoon Harold Hamm to acquire Continental Resources for $74.28 per share
The energy billionaire's tender offer is for approximately 58 million shares of Continental's common stock, based on shares outstanding as of Oct. 12.
Coinbase CEO to sell 2% of his stake to fund scientific research
Coinbase CEO Brian Armstrong emphasized that he remains "super bullish" on cyrpto and the company, but expressed his excitement to "contribute in a different way."
Bank of America profit drops on loan-loss reserve build
The second-largest U.S. bank, led by Brian Moynihan, earned 81 cents a share vs. analysts' expectations of 77 cents per share in the third quarter of the year.
Tesla, Netflix earnings, Spirit Airlines shareholder vote, existing home sales top week ahead
FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.
Best ETFs for defensive stocks
Experts say there is no one-size-fits-all approach to investing and that there are different factors to consider when building your portfolio, including ETFs.
Harvard's endowment has first year of negative returns since 2016
Harvard University's endowment posted its first year of negative returns since 2016, reporting a 1.8% loss for fiscal year 2022. It had a value of $50.9 billion in June.

















