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Spirit Airlines pilot arrested at airport on child stalking charges
Fox Business· 2025-08-06 15:01
A Spirit Airlines pilot has been arrested and pulled from future flights for allegedly stalking two minors. Dominic Armando Cipolla, 40, is charged with two counts of stalking including a felony count for allegedly stalking someone under the age of 14. According to a criminal complaint, Cipolla targeted children born in 2008 and 2013 with conduct that would cause a reasonable person or their family to fear for their safety. The complaint does not provide details of the alleged conduct, other than it took pl ...
White House says Apple to announce $100B US investment commitment for manufacturing
Fox Business· 2025-08-06 13:51
Tech giant Apple is poised to announce a new investment of $100 billion in U.S. facilities as early as today, the White House said on Wednesday. National Economic Council director Kevin Hassett said on FOX Business Network's "Mornings with Maria" that companies are "moving here in droves, which is why we've got trillions and trillions of dollars of commitments for people to build new factories here. In fact, you're likely to see one today from Apple."The White House said that the announcement will include a ...
American Eagle stock jumps following Trump praise for Sydney Sweeney ad
Fox Business· 2025-08-04 21:05
Core Insights - President Trump's praise for Sydney Sweeney's ad campaign significantly boosted American Eagle Outfitters' stock value, which rose by 23.65% to close at $13.28 per share [1][3] - The stock reached a two-month high intraday, helping to mitigate year-to-date losses, which still stand at 20.3% [3] - The ad campaign has sparked controversy on social media, with some critics suggesting it promotes racial discrimination and eugenics [9] Company Performance - American Eagle's shares experienced their largest percentage increase since August 3, 2000, and the highest close since February 26 [3] - The stock's performance is notable given the ongoing year-to-date decline, indicating a potential recovery driven by external factors [3] Public Reaction and Controversy - Trump's comments about Sweeney being a registered Republican contributed to the positive reception of the ad, which features the tagline "Sydney Sweeney has Great Jeans" [4][8] - The ad has faced backlash for its perceived implications regarding race and genetics, prompting discussions in major media outlets [9] - American Eagle responded to the criticism by clarifying that the campaign is focused on the jeans and individual stories, not on any racial connotations [11]
Tesla grants Musk massive pay deal to keep CEO on board amid legal battle
Fox Business· 2025-08-04 18:15
Group 1 - Tesla has granted CEO Elon Musk a new $29 billion pay deal to retain him as the company shifts focus from electric vehicles to robotaxis and humanoid robots [1][5] - The new compensation includes an "interim award" of 96 million shares, described as a "good faith" payment following the invalidation of a previous $50 billion pay package by a Delaware court [1][11] - Musk must remain a top executive for two years and hold the shares for five years, with an exercise price of $23.34 per share [2] Group 2 - Tesla plans to propose a longer-term CEO compensation plan at its annual investor meeting on November 6, aimed at keeping Musk focused on the company amid his political activism and challenges in the electric vehicle market [5][6] - Musk's political involvement and other business interests have raised concerns about his commitment to Tesla, which remains his primary source of wealth [7] - With the new stock award, Musk's stake in Tesla is projected to increase from 12.7% to 15%, reinforcing his control over the company [10]
Bank of America's CEO responds to weak jobs report that spurred Trump firing of BLS chief
Fox Business· 2025-08-04 16:15
Bank of America CEO Brian Moynihan said in an interview on Sunday that the president's firing of the Bureau of Labor Statistics commissioner following a weak jobs report was due to politics, though he said government employment data should be improved. Moynihan appeared on CBS News' "Face the Nation with Margaret Brennan" and was asked whether he's concerned about the president firing the Bureau of Labor Statistics (BLS) commissioner and whether he feels there is political pressure."Well, I think that's mor ...
Zillow hit with federal copyright lawsuit over 47K allegedly stolen property photos
Fox Business· 2025-08-01 17:05
Core Points - CoStar is suing Zillow for allegedly using tens of thousands of its copyrighted photographs to enhance its online rental listings business [1][4] - CoStar claims that Zillow displayed nearly 47,000 copyrighted images, profiting from them while many images included CoStar's watermark [1][4] - The lawsuit highlights that Zillow's misconduct extends beyond its own websites, as it distributes CoStar's images through syndication agreements with competitors like Realtor.com and Redfin [4] Company Actions - CoStar has invested billions to create a comprehensive real estate information database and claims to have the world's largest library of real estate photographs [5] - The company employs thousands of professional photographers who have produced millions of copyrighted images [5] Legal Context - This lawsuit against Zillow is the second legal challenge the company has faced in a short period, following a lawsuit from real estate brokerage Compass [7] - Compass is seeking an injunction against Zillow to change its practices and is also pursuing monetary damages [8] Market Presence - Zillow has a substantial market presence with approximately 160 million homes in its database and receives 227 million unique visitors monthly [10] - The company recorded 2.4 billion visits between January and March [10]
Nvidia denies 'backdoors' in chips after China raises security concerns
Fox Business· 2025-08-01 00:05
Group 1 - Nvidia asserts that its chips, including the H20 AI chip, do not contain any "backdoors" that could allow unauthorized remote access or control, addressing security concerns raised by China [1] - The Cyberspace Administration of China summoned Nvidia to discuss potential backdoor security risks associated with its H20 AI chip, highlighting ongoing tensions regarding cybersecurity and user data privacy [3] - Nvidia's CEO indicated that the company is committed to cybersecurity, emphasizing the importance of protecting user data and privacy rights [1][3] Group 2 - A recent meeting between President Trump and Nvidia's CEO led to the lifting of a ban on transferring the H20 AI chip to China, which is expected to significantly benefit Nvidia financially [4] - The U.S. Commerce Department had previously restricted sales of the H20 AI chip, resulting in substantial financial losses for Nvidia, but the ban's removal is seen as a strategic concession in a minerals deal with China [6] - Nvidia's products are in high demand in China across various sectors, including technology companies, military, universities, and AI research institutes [7] Group 3 - The Chinese regulator has expressed concerns over a U.S. proposal to add tracking features to American-made chips sold overseas, reflecting broader apprehensions about data privacy and security [3] - In 2023, China prohibited key infrastructure operators from purchasing products from American memory chipmaker Micron, indicating ongoing scrutiny of U.S. tech companies [9] - Nvidia's CEO has stated that the Trump administration's AI plan is expected to enhance innovation and deployment of AI technologies in the U.S. [10]
Microsoft joins exclusive $4T market cap club after AI surge, joining only one other company
Fox Business· 2025-07-31 23:10
Microsoft touched $4 trillion in market cap Thursday, joining Nvidia as the only two companies to reach this level. Ticker Security Last Change Change % Microsoft T-Rex 2X long Microsoft is up over 44% annually, and it seeks results that are "200% of the daily performance of MSFT," according to the fund. Ticker Security Last Change Change % MSFX ETF OPPORTUNITIES TR T REX 2X LONG MICROSOFT DAI 37.87 +2.81 +8.01% "We're innovating across the tech stack to help customers adapt and grow in this new era, and, t ...
Figma is going public, and the CEO was a fellow at Peter Thiel's foundation
Fox Business· 2025-07-31 20:05
Design software maker Figma will debut with shares indicated to open at more than triple their initial public offering (IPO) price, with the deal oversubscribed. Figma CEO Dylan Field co-founded the firm and has served as CEO since 2012, becoming chair of the board of directors in April 2025. The company's biography of Fields included in a regulatory filing with the Securities and Exchange Commission (SEC) noted he attended Brown University for 2½ years before he accepted a Thiel Fellowship from investor Pe ...
Starbucks getting rid of an ordering option as CEO pushes turnaround
Fox Business· 2025-07-31 16:11
Starbucks is closing its pickup-only grab-and-go stores next year to better align with CEO Brian Niccol's strategic coffeehouse portfolio overhaul aimed at revitalizing traffic and restoring in-store experiences. Starbucks decided to sunset its mobile order and pickup-only concept in fiscal 2026 following an evaluation of its North American portfolio to ensure it has "the right coffeehouses in the right locations to drive profitability and deliver the Starbucks experience," Niccol said on the company's earn ...