Longtime Fox News exec who wrote controversial Olympics column out at network

Longtime Fox News exec who wrote controversial Olympics column out at network

Fox News exec slams Olympic committee's focus on diversity John Moody, the longtime Fox News executive who wrote a controversial column about the US Olympic committee last month, is no longer with Fox News, three people familiar with the matter told CNN. A Fox News spokesperson confirmed the news, telling CNN, “John Moody has retired → Read More

Why Delta and Atlanta need each other

Why Delta and Atlanta need each other

CNN anchor questions Georgia lawmaker over Delta Georgia may be lashing out at Delta, but they aren't breaking up any time soon. This week, Georgia lawmakers removed a jet fuel tax break worth about $50 million from a bill after the airline distanced itself from the NRA. Read More

Plan to end rule that allows spouses of H-1B holders to work is delayed

Plan to end rule that allows spouses of H-1B holders to work is delayed

Eric Schmidt: Cap on H-1Bs is ‘stupid' Plans to rescind an Obama-era rule that allows spouses of thousands of H-1B visa holders to work in the United States has been delayed until June, according to a court filing from the Department of Homeland Security. Under a rule introduced by President Obama's administration in 2015, the → Read More

GM reveals high-tech pickup

GM reveals high-tech pickup

General Motors just revealed a new pickup with a bed made from carbon fiber, an expensive lightweight material usually found in high-priced exotic sports cars, not cradling sheets of plywood or cinder blocks. On the new GMC Sierra Denali, all the inside surfaces of the truck's bed are made from the special carbon fiber material. → Read More

Gun sales plunge for Smith & Wesson owner

Gun sales plunge for Smith & Wesson owner

American Outdoor Brands posted lousy earnings Thursday, as the gun industry continues to suffer. American Outdoor Brands (AOBC), which owns the famous Smith & Wesson brand, reported a 33% year-over-year decline in quarterly net sales, and profits that sank 65%. Read More

Fed's Powell sees 'no evidence' the US economy is overheating

Fed's Powell sees 'no evidence' the US economy is overheating

Fed Chair grilled on black unemployment Federal Reserve Chairman Jerome Powell sees no sign that US economy is building too much steam. The job market is tight, but Powell isn't worried that wages are rising too quickly, which can lead to inflation. If anything, he's surprised wages haven't risen faster. Read More

Bill Ackman's Herbalife disaster is finally over

Bill Ackman's Herbalife disaster is finally over

Ackman: ‘Don't know if I'll do another' Herbalife Hedge fund manager Bill Ackman has finally ended his disastrous $1 billion bet against Herbalife. In December 2012, Ackman famously made a short bet against Herbalife, an investment that makes money when the stock price falls. Read More

Jaguar reveals first-ever electric SUV

Jaguar reveals first-ever electric SUV

Jaguar has unveiled its first electric vehicle, the I-Pace SUV. A concept version of the I-Pace was revealed two years ago. The vehicle displayed Thursday was the actual production version of the SUV that will go on sale later this year. Like the concept vehicle, the I-Pace has a very short hood allowing for as → Read More

These are bleak days for gun companies

These are bleak days for gun companies

Will NRA-backed Trump actually hurt the gun industry? Gunmakers are coming to grips with a new reality after Parkland. The stock of American Outdoor Brands (AOBC), the owner of Smith & Wesson, tumbled 25% in February and is trading at its lowest level in almost five years. Sturm Ruger (RGR) fell 19% to a three-year → Read More

Equifax says hackers stole more than previously reported

Equifax says hackers stole more than previously reported

Timeline: Equifax data breach Cybercriminals exposed millions more people's personal information in the Equifax hack than the company reported last September. On Thursday, Equifax (EFX) said the breach surfaced 2.4 million more Americans' names and drivers license numbers — less data than was exposed from the millions of other victims. Equifax said it will notify → Read More

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