Business

For years, Elon Musk, the CEO of Tesla, who recently became the richest man in the world, has positioned himself as something of an ideological enigma. Online and in the media, the eccentric and outspoken billionaire has at various points in his life called himself a “socialist,” a “registered independent”,” a “moderate,”and a “fiscal conservative.” … Read more

St. Louis Fed President James Bullard forecasts a ‘pretty good second half of the year’ despite economic headwinds. Wall Street is increasingly convinced that the Federal Reserve is going to drag the economy into a recession with its war on inflation. Bank of America, Deutsche Bank, Wells Fargo and Goldman Sachs are among the most … Read more

Elon Musk joked about letting Chad Hurley (right) touch his “wiener.”Gotham/Alberto E. Rodriguez via Getty Images Elon Musk joked about buying a horse for Chad Hurley if he touched Musk’s “wiener”. The Youtube cofounder told Musk to stop “horsing around” and close the Twitter deal. Musk has offered to buy the social media platform for … Read more

Check out what’s clicking on FoxBusiness.com. Tesla and SpaceX founder Elon Musk with Brazilian President Jair Bolsonaro Friday to talk about rural areas’ internet connectivity and efforts to preserve the Amazon rainforest. The meeting was held in a resort in the state of Sao Paulo and was organized by Communications Minister Fábio Faria. The minister … Read more

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, March 21, 2022. REUTERS/Brendan McDermid Register now for FREE unlimited access to Reuters.com Register NEW YORK, May 20 (Reuters) – The Federal Reserve’s determination to raise interest rates until it squashes the highest inflation in decades is darkening … Read more

Placeholder while article actions load When he was 10 years old, Don Gorske told his dad that when he grew up, he was going to eat at McDonald’s every day of his life. “When you’re a kid, you say a lot of stupid stuff,” says Gorske, now 68. “Who knew that it would come true?” … Read more

The Department of Workforce Services in Taylorsville is pictured on April 15, 2021. Utah’s unemployment rate hit a record-low of 1.9% in April, according to a report issued Friday. (Kristin Murphy, Deseret News) Estimated read time: 3-4 minutes SALT LAKE CITY — Utah labor officials reported Friday that the state’s seasonally adjusted unemployment rate slipped … Read more

Peter Smith, CEO of leading cryptocurrency exchange and wallet provider Blockchain.com, has warned more cryptocurrency destruction is coming in the short-term but believes that in the long run, this type of destruction will lead to a stronger industry. Cryptocurrency prices have recently experienced heightened volatility after the collapse of the Terra ecosystem, which saw LUNA … Read more

JACKSONVILLE, Fla. – As VyStar Credit Union members have been struggling to get information on their accounts for a week now, a VyStar executive said there’s no timeframe for when the issue will be fixed, but they’re working around the clock to resolve the issues. The credit union’s online banking and mobile banking app were … Read more

The Association of Flight Attendants Union President Sara Nelson slammed Elon Musk on Friday about allegations that he sexually propositioned a SpaceX flight attendant. According to a report published by Insider Thursday, Musk was accused of exposing himself to one of his SpaceX employees and asking her for sex. Later Thursday, the Tesla CEO denied … Read more