The National Highway Traffic Safety Administration said Thursday Ford Motor has agreed to a $165 million civil penalty after a government investigation found the automaker failed to recall vehicles with defective rearview cameras in a timely manner. Under a consent order that will last at least three years, the No. 2 US automaker must pay $65 million in … Read more
A cryptocurrency plant in central New York can continue operating after a court rejected the state’s effort to shutter the facility over concerns about its climate impact. The decision was hailed as a victory by Greenidge Generation, a large-scale crypto mine in the Finger Lakes region that has drawn the ire of environmental groups and … Read more
President-elect Donald Trump is reportedly eyeing Fox Business host Larry Kudlow for a top economic role in his administration. Kudlow – who served as the director of the National Economic Council during Trump’s first administration – met with the president-elect late this week, sources told The Wall Street Journal. The 77-year-old former CNBC contributor is … Read more
A warehouse for Texas Pool Supply, a company that’s part of SRS Distribution, carries pool parts such as filters and heaters, along with large buckets of pool chemicals. It’s an example of the specialized business that Home Depot includes after acquiring SRS. Melissa Repko | CNBC PLANO, Texas — In a suburban warehouse, giant buckets … Read more
CNN anchor Chris Wallace was reportedly told his two poorly-rated shows would be canceled and his massive salary slashed before the veteran journalist announced he would leave the network. Wallace, who was being paid a reported $7 million a year, was informed that he was welcome to stay on as an analyst but at a … Read more
With President-elect Donald Trump‘s trade and foreign policy team taking a hawkish stance toward China, U.S. companies are increasingly concerned a hard-line approach could stunt their prospects in the world’s second-largest economy – and turn them into targets of Chinese retaliation. Trump has threatened to hit China with at least 60% tariffs and vowed to … Read more
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market. The workers, mostly white-collar, were notified about the decisions early Friday. The company confirmed the layoffs in a statement but gave few details. GM and other automakers have been navigating an uncertain transition … Read more
People walk in front of Cinderella’s Castle at the Magic Kingdom Park at Walt Disney World on May 31, 2024, in Orlando, Florida. Gary Hershorn | Corbis News | Getty Images All is well in the Magic Kingdom. Disney’s theme park division posted record revenue and profit in fiscal 2024, with revenues rising 5% for … Read more
Things might look gloomy at CNN with layoffs, salary cuts and a new digital programming model that may or may not work. But On The Money has learned that private equity firms have been crunching the numbers on a possible acquisition of the ratings-challenged network. Don’t exactly hold your breath for anything happening soon, my … Read more
Jake Paul and Mike Tyson aren’t the only ones who have high stakes when they meet in the boxing ring on Friday night. For Netflix, it is their biggest live sports event to date, and an opportunity to make sure it can handle audience demand with the NFL and WWE on the horizon. The bout … Read more