Stellantis takes massive $26B hit after moving away from EVs

Stellantis takes massive $26B hit after moving away from EVs

Valvoline CEO Lori Flees discusses the used car boom, decreased interest in electric vehicles and more on ‘The Claman Countdown.’ Stellantis on Friday announced it will take a $26.5 billion charge as the automaker cuts back on electric vehicle (EV) production, joining other manufacturers in taking a financial hit after misjudging consumer demand for EVs. Stellantis…

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California's 'billionaire tax' will be 'disastrous' and cause wealthy to flee, economist predicts

California’s ‘billionaire tax’ will be ‘disastrous’ and cause wealthy to flee, economist predicts

FOX Business host Marcus Lemonis discusses billionaires fleeing California to avoid a proposed wealth tax on ‘The Bottom Line.’ A proposed tax targeting California’s wealthiest residents is drawing strong support from likely voters, but critics warn it would discourage investment and trigger an exodus of high-income earners and businesses from the state. “I think it’s…

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Fanatics Sportsbook sees major spike in downloads from Kendall Jenner's viral Super Bowl ad campaign

Fanatics Sportsbook sees major spike in downloads from Kendall Jenner’s viral Super Bowl ad campaign

Vaynermedia CEO Gary Vaynerchuk discusses how artificial intelligence will play a role in 2026 Super Bowl advertisements on ‘The Claman Countdown.’ The goal for any Super Bowl ad this week is for consumers to take action after seeing their campaign instead of just watching. For Fanatics Sportsbook, that has been the case even before kickoff…

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Google plans to spend big as AI race with rivals intensifies

Google plans to spend big as AI race with rivals intensifies

‘The Big Money Show’ discusses the dump in software and data stocks after new AI tools spark disruption fears, destroying $300 billion in market value. Alphabet executives struck a confident tone on Wednesday’s post-earnings call, signaling that Google’s heavy investments in artificial intelligence are now translating into real revenue growth across the business. The call…

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Major firearms distributor serving thousands of retailers across multiple countries files for bankruptcy

Major firearms distributor serving thousands of retailers across multiple countries files for bankruptcy

Check out what’s clicking on FoxBusiness.com. A major distributor in the gun and outdoor sporting goods industry has filed for bankruptcy. Big Rock Sports, LLC, a key supplier serving tens of thousands of retailers across the U.S. and abroad, has filed for Chapter 7 bankruptcy liquidation in the U.S. Bankruptcy Court for the Eastern District…

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Trump administration axes $1.5B in blue-state grants over reported waste and mismanagement concerns

Trump administration axes $1.5B in blue-state grants over reported waste and mismanagement concerns

Check out what’s clicking on FoxBusiness.com. The Trump administration’s budget office told FOX Business Wednesday that it is canceling $1.5 billion in blue-state grants, citing concerns about how funds are being managed in California, Colorado, Illinois and Minnesota. The Office of Management and Budget (OMB) said it will target projects at the Department of Transportation…

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