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Molson Coors to cut hundreds of jobs in major restructuring plan
Fox Business· 2025-10-23 04:31
Molson Coors Beverage Company announced Monday that it plans to eliminate about 400 jobs by the end of the year, as part of a sweeping corporate restructuring plan. The cuts – which represent roughly 9% of the company’s salaried workforce in the Americas – come as alcohol companies across the U.S. face uncertainty amid slower consumer spending and tariff-driven volatilities.PATRIOTS LEGEND VINCE WILFORK TEAMS UP WITH SAMUEL ADAMS FOR GRILLING-THEMED BEER LAUNCH "We’ve made progress on our transformation jou ...
GM plans 'eyes-off' driving, AI and other high-tech features for vehicles
Fox Business· 2025-10-23 00:11
General Motors is positioning itself to take a leading role in the AI evolution with a suite of upgrades from anticipating a driver's needs to driving for them. The automaker, which sells vehicles under the Chevrolet, Cadillac, GMC and Buick brands, plans to equip its vehicles with conversational AI powered by Google Gemini next year ahead of GM's launch of its own custom-built AI.With the conversational AI, drivers will be able to draft and send messages and plan routes with context, such as finding a char ...
NFL star Travis Kelce teams up with JANA Partners for major Six Flags investment
Fox Business· 2025-10-22 06:15
JANA Partners, a New York-based investment firm, has tapped NFL superstar Travis Kelce for a venture that is the literal definition of fun.  Kelce joins a group, which also includes consumer executive Glenn Murphy and technology executive Dave Habiger, that is investing in Six Flags Entertainment Corporation – the theme park giant with 42 locations across the United States, Mexico and Canada, with one coming to Saudi Arabia in 2026. This group will collectively own an economic interest of around 9%, or roug ...
Beyond Meat, Walmart and a MEME ETF
Fox Business· 2025-10-22 05:41
It’s been a wild two days for Beyond Meat investors, with shares jumping over 146% after falling to a record low earlier this month.  Ticker Security Last Change Change % BYND BEYOND MEAT INC. 3.62 +2.15 +146.26% WMT WALMART INC. 106.22 -0.81 -0.76% On Tuesday, the battered plant-based meat company said it will expand its distribution deal with Walmart, the nation’s biggest retailer.  "At a time when many households are navigating rising food prices, we're pleased to introduce our new Beyond Burger value ...
Cracker Barrel CEO breaks silence on logo U-turn
Fox Business· 2025-10-22 04:12
Cracker Barrel CEO Julie Felss Masino told an investing conference on Tuesday that the company updated its logo so that it was more visible on highway billboards. She noted that the move wasn't meant to be ideological, according to The Wall Street Journal. "Part of this transformation is setting up success for the long term," Masino said during the 13D Monitor Active-Passive Investor Summit in New York City on Tuesday. CRACKER BARREL EXECUTIVE INSISTS RESTAURANT REMODELS ARE 'WHAT THE GUESTS ASKED FOR'Those ...
CNN parent Warner Bros Discovery open to sale, says it has interest from multiple suitors
Fox Business· 2025-10-21 23:25
Warner Bros. Discovery, which counts CNN and HBO among its assets, announced Tuesday it is for sale amid interest from several suitors. The company previously announced plans to separate Warner Bros. and Discovery Global into two companies but announced that "unsolicited interest" from multiple parties for both the entire company and Warner Bros. gave the board of directors something to think about. "After receiving interest from multiple parties, we have initiated a comprehensive review of strategic altern ...
Disney announces major plans to commemorate America's 250th anniversary
Fox Business· 2025-10-21 22:50
Disney plans to show off the red, white and blue in a major way as America approaches its 250th birthday.  "Disney Celebrates America" is a company-wide celebration beginning on Veterans Day and going through Independence Day weekend, the company announced.Along with special programming, storytelling and experiences, Soarin' Across America will debut at both Walt Disney World in Orlando, Fla., and Disneyland in Anaheim, Calif., by next summer. The "immersive new flight experience" in Disney California Adven ...
South Korea’s crackdown on US tech giants could cost $1T, report warns
Fox Business· 2025-10-21 18:01
研究核心观点 - 一项研究指出,韩国针对美国科技公司的严格竞争规则可能在10年内导致美韩两国经济损失近1万亿美元 [1] - 研究估计美国公司将损失5250亿美元,而韩国中小企业将损失约4690亿美元 [1] - 韩国公平贸易委员会的激进执法被认为不公平地限制了美国科技公司并阻碍了外国投资 [2] 受影响公司及市场反应 - 涉及的主要美国科技公司包括苹果、Coupang、谷歌和微软 [4] - 苹果公司股价上涨9.95美元至262.24美元,涨幅达3.94% [5] - Coupang公司股价上涨0.48美元至31.69美元,涨幅为1.54% [5] - 谷歌母公司Alphabet股价上涨3.25美元至256.55美元,涨幅为1.28% [5] - 微软公司股价上涨3.21美元至516.79美元,涨幅为0.63% [5] 行业影响与潜在后果 - 韩国监管行动可能为在规则执行上受限较少的中国公司创造竞争优势 [12] - 不友好的投资环境可能导致一些美国公司缩减在韩业务、停止未来投资或完全退出市场 [10] - 监管不确定性使贸易谈判复杂化并可能加剧对抗性 [10]
Major US steelmaker pivots to rare earth minerals as China tightens grip
Fox Business· 2025-10-21 03:01
A major U.S. steelmaker is looking to help kickstart domestic production of rare earth minerals amid China's move to block access amid its trade dispute with the Trump administration. Cleveland-Cliffs, a steelmaker headquartered in Ohio, announced the rare earths plan on the company's quarterly earnings call on Monday."Beyond steelmaking, the renewed importance of rare earths has driven us to re-focus on this potential opportunity at our upstream mining assets," said Cleveland-Cliffs' CEO Lourenco Goncalves ...
Some Jeep production hobbled by aluminum shortage
Fox Business· 2025-10-21 02:26
An aluminum shortage is forcing a Michigan factory that produces certain Jeep vehicles, including its flagship luxury SUV, to temporarily halt production for several weeks.  A United Auto Workers (UAW) source told FOX Business that a shift at the Warren Truck Assembly plant in Michigan is on temporary layoff due to an aluminum supply chain issue. The halt in production is impacting the production of Jeep's Wagoneer and Grand Wagoneer, the source said. The UAW is a labor union representing the Big Three auto ...