Jessica Ibarra was standing in a Target store, staring at bare shelves that should have been lined with baby formula. It was Tuesday, six days after she had given birth to her daughter de ella, and neither she nor her husband de ella had had any luck finding formula during trips to multiple grocery stores […]
Check out what’s clicking on FoxBusiness.com. Instacart has taken a major step toward becoming a publicly traded company. The grocery delivery platform said late Wednesday that it has confidentially filed documents for an initial public offering (IPO) with US securities regulators. GET FOX BUSINESS ON THE GO BY CLICKING HERE Instacart is working on the […]
Struggling EV company Lordstown completed the sale of its Ohio factory to Foxconn, the Taiwanese company that assembles Apple’s iPhone. The factory, which sold for $230 million, will now become the site of a joint venture between the two companies. The deal was originally set to close last month, but Lordstown kept pushing back the […]
AUSTIN (Nexstar) — You won’t be able to use some of the fun filters on Instagram or Facebook in Texas anymore. The change comes after Texas Attorney General Ken Paxton sued Meta, Instagram’s parent company, alleging it uses facial recognition technology that violates Texas law and infringes upon Texans’ privacy rights. Facial recognition was previously […]
Twitter’s founder Jack Dorsey quashed speculation that he would be back to lead the company. “Nah, I’ll never be CEO again,” Dorsey tweeted on Wednesday. Dorsey has been vocal about running Twitter as a public good and not as a company. loading Something is loading. “Nah.” That was Twitter’s founder Jack Dorsey’s response to speculation […]
Apple has seen its share price drop over the past month San Francisco: Saudi Aramco on Wednesday dethroned Apple as the world’s most valuable company as surging oil prices drove up shares and tech stocks slumped. The Saudi Arabian national petroleum and natural gas company billed as the largest oil-producing company in the world, was […]
Central bankers are hoping that their policies will temper economic growth without pushing unemployment up or plunging America into a recession — engineering what they often call a “soft landing.” “I really want us to have that be the outcome, but I recognize that it’s not going to be easy to do,” Raphael Bostic, the […]
Jack Dorsey is trying to squash rumors that he’ll be reinstated as Twitter’s CEO once Elon Musk takes charge. On Wednesday he tweeted “nah I’ll never be CEO again” in response to someone predicting he would be returning to lead the company he co-founded, before going on to say that he doesn’t want the role. […]
New York CNN Business — Electric truck maker Rivian delivered some much needed assurance to Wall Street Wednesday, even as it reported a larger than expected first quarter loss. The company said that it had 7,000 new orders for its R1 electric pickup in the last two months, bringing total net orders up to 90,000 […]
Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty ImagesNews | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. The […]