Business

Check out what’s clicking on FoxBusiness.com WASHINGTON, March 25 (Reuters) – Shawn Fain on Saturday won the race for United Auto Workers president, narrowly defeating incumbent head Ray Curry in a shakeup for the Detroit-based labor union. Curry and a court-appointed monitor said Fain will be sworn in Sunday, a …

Martin Lewis has warned customers to be “careful” when it comes to fixed rate energy bill deals, and not “jump” on a fix because it costs less than what they’re paying right now. He explained that for those on a standard tariff, the rates being paid are governed by a …

JPMorgan global market strategist Jack Manley and The Fitz-Gerald Group principal Keith Fitz-Gerald discuss Tesla’s investor day and if now is the time for investors to get off the sidelines on ‘The Claman Countdown.’ Twitter CEO Elon Musk reportedly sent a notice to staff early Wednesday morning to remind them …

Billions of pounds were wiped off UK shares and pension funds yesterday as Deutsche Bank became the latest financial giant to get dragged into the mess. Shares in the German behemoth fell almost 15 percent at one point on Friday, sending a shockwave through global markets, including London’s FTSE 100. …

Check out what’s clicking on FoxBusiness.com Intel’s co-founder Gordon Moore died on Friday at the age of 94. The announcement was made in a statement from Intel and the Gordon and Betty Moore Foundation. The foundation reported he died peacefully surrounded by family at his home in Hawaii. Moore and …

Heather Pollard, head of underwriting and inheritance expert at Tower Street Finance said: “When dealing with the short and long-term effects of bereavement, any unexpected impacts to your financial well-being can cause further stress in an already difficult and upsetting time. “However, this has been a reality for a growing …

Huntington Bancshares chairman and CEO Stephen Steinour weighs in on Jerome Powell’s inflation battle as the economy shows ‘increasing signs of stress’ on ‘The Claman Countdown.’ President Biden’s clean-energy law will cost roughly $1.2 trillion, a figure three times more than what supporters initially claimed.  The Inflation Reduction Act was …

“In fact, recognising the pressures of the rising cost of living, we’re increasing our payments to the most vulnerable to £1,350 in 2023-24, having delivered £1,200 to millions of households last year. “This is on top of a rise in benefits of 10.1 percent next month. We have also provided …

The World Bank Group President David Malpass provides insight on regulations following banking failures on ‘Kudlow.’ Treasury Secretary Janet Yellen on Friday morning chaired a private meeting with top financial regulators amid renewed fears over the global banking system. The meeting – held by the Financial Stability Oversight Council – …

Earlier this month, fears regarding the banking sector started in the US when SVB collapsed. The bank is known predominantly for services in the technology industry and had benefitted from low-interest rates. But, SVB suddenly entered a crisis when customers withdrew their deposits. The bank has also invested in government …