CALIFORNIA — This week in California business news: State officials are warning that some drivers have paid $8 a gallon for gas amid the war in Iran — and that might be illegal. Additionally, a major chain of used car dealerships has settled allegations that it dragged its feet on important DMV paperwork. Additionally, a…
President Trump may have some competition on the social-media front. Loading audio narration… Trump has become known for posts that can move the market depending on whether he deescalates the Iran-war situation, or adds to existing tensions. The market is always watching his account for cues. But recently, Mohammad Bagher Ghalibaf, the speaker of Iran’s…
Check out what’s clicking on FoxBusiness.com. Nearly 150 cases of an Einstein Bros. Bagels’ cream cheese flavor have been recalled over the potential presence of undeclared almonds that could pose a life-threatening allergic reaction risk for people with almond allergies. Wisconsin-based Schreiber Foods issued a voluntary recall last week of cases of Einstein’s Honey Almond…
The national flag carrier said it will cut costs as energy prices soar due to the Iran war. Source link
Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. The conflict between Iran, the U.S. and Israel has entered its second month, with disruptions to oil and other…
Treasury Secretary Scott Bessent joins ‘Fox & Friends’ to discuss the gradual reopening of the Strait of Hormuz and unveils a new fraud crackdown program to expose scams in healthcare and other industries. Treasury Secretary Scott Bessent is offering what could be big money for potentially “hundreds of billions” recouped from fraudsters emboldened during a…
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said. Source link
Sen. Ashley Moody, R-Fla., praises Elon Musk’s offer to pay TSA workers and blasts gridlock affecting essential employees during the shutdown on ‘The Bottom Line.’ A Delaware judge on Monday reassigned several lawsuits involving Elon Musk after lawyers for the Tesla CEO accused her of bias over a LinkedIn post that appeared to mock the…
Hellmann’s mayonnaise-maker’s board met Monday afternoon to review details of the transaction. Source link
Packaged goods companies are staring into the abyss of big challenges. “We believe intensifying headwinds and emerging challenges have been building for some time to undermine historical assumptions underpinning the US consumer packaged goods investment case,” warned Deutsche Bank analyst Steve Powers in a new note on Monday. “Some of these dynamics may ultimately prove…
