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- Cadbury chocolate-owner Mondelez defends staying in Russia
Mondelez boss Dirk Van de Put says it was the "right decision" to remain after the war with Ukraine. [TheTopNews] Read More.3 hours ago - Beijing’s New Message to Its Citizens: Your Money Belongs at Home
Eager to keep capital within its borders, China is restricting the ways individuals can engage with global markets. [TheTopNews] Read More.3 hours ago - LARRY KUDLOW: Trump has smashed Iran’s capabilities for decades
With all the fake news about some kind of $300 billion reparations fund for Iran, and President Obama’s inane remarks that nothing’s changed and nothing’s going change regarding Iran, it’s important to remember how badly America has crippled Iran’s military and its economy.Here’s President Trump on this fake news fund: "We are not investing any money in Iran, by the way. That rumor got out there yesterday, it was ridiculous. We have the right to go in some day and do if I want to do something or if somebody wants to do something, but we are not investing any money. We have no obligation to invest any money in Iran." Mr. Trump added: "We don’t pay them — there was some statement" that "we’re going to spend $300 billion. No, we’re allowed to go and invest if we wanted to. Someday, in the future. We have no obligation whatsoever."Between the incredible B-2 bunker-busting bombers dropped a year ago in Operation Midnight Hammer, and the incredible devastation wreaked on Iran’s military, and industrial complex from Operation Epic Fury, and the enormous economic and financial hardship imposed on Iran by Economic Fury, the simple straightforward fact is that Iran capabilities to do anything have been virtually obliterated.And that includes their nuclear capabilities. Their navy is sitting at the bottom of the Arabian Gulf. The country has no air defense. Essentially no radar. All of this with no boots on the ground. The currency is worthless. The economy is shrinking rapidly. The inflation is a couple of hundred percent. If nothing else ever happened by way of deals or arrangements, or penalties, or whatever, Mr. Trump has taken them out probably for twenty years. And that could be an understatement.Now, if we end their nuclearization altogether, if we get our hands on the enriched uranium, and destroy it, that will be a wonderful gift to the Middle East and the rest of human kind. Even if all the Trumpian red line objectives are not fully met, though, we have still knocked Iran from its Middle East pedestal. They are not the country that Mr. Obama was caving in to.What Mr. Trump and Prime Minister Benjamin Netanyahu have done with their decapitations and their bombing obliterations, has at a minimum ended Iranian hegemony in the Middle East. That country, even with its crazy radical Islamists still running at least part of it, is nonetheless… [TheTopNews] Read More.3 hours ago - Verizon launches simpler plans and new loyalty program, drops some feesVerizon is looking to attract and retain customers by offering new, simpler plans that will drop activation and upgrade fees while also rolling out a new loyalty program offering discounts and other perks.The company is competing aggressively with AT&T and T-Mobile in the telecoms market, with rivals looking to gain an edge with consumers and have extended device subsidies, added plan discounts and proposed increased spending on network infrastructure.The new "Simplicity" plan drops network tiers and will combine Mobility and Home on one bill, with taxes and fees included.Verizon said the new loyalty program will offer customers 3% back on bills from July that can be used to buy new phones or at consumer brands such as Sephora, Hilton, Marriott and Starbucks.VERIZON CUSTOMERS FACE 35-DAY WAIT TO UNLOCK PAID-OFF PHONES UNDER POLICY CHANGEAlfonso Villanueva, interim CEO of Verizon Consumer Group and Verizon chief transformation officer, told Reuters the move is about making it simpler and more flexible for customers."How do we create a value proposition that makes sense for every cohort?" Villanueva told the outlet in an interview."We are convinced that our retention will be even higher," he added.VERIZON NAMES FORMER PAYPAL BOSS DAN SCHULMAN AS CEOVerizon said postpaid customers on all phone and connected device plans can opt into its loyalty programs and avoid activation and upgrade fees. It is also offering perks like free Starbucks coffee, a Dunkin' Donuts treat or FIFA World Cup 2026 merchandise.Verizon in April raised its annual profit forecast under new CEO Dan Schulman. The company declined to say how much the changes announced on Tuesday would cost, but they are expected to be accretive to revenue. The company also said that the new program wouldn't change its 2026 financial guidance.FANATICS AND AT&T ANNOUNCE EXCLUSIVE MULTI-YEAR PARTNERSHIP TO CONNECT MORE FANS TO SPORTS MOMENTSLike its rival AT&T, Verizon has leaned into discounted bundles combining high-speed broadband and wireless plans as part of a strategy to boost customer retention.T-Mobile has had success with its loyalty programs offering perks and aggressive marketing along with its plans which bundle Netflix, Apple TV and Hulu with five-year price guarantees.Last month, Verizon cut several hundred jobs after it said in November it was cutting more than 13,000.GET FOX BUSINESS ON THE GO BY CLICKING HEREReuters contributed to this report. [TheTopNews] Read More.3 hours ago
- How Roku fits into Fox’s future – and what investors are missing about t...
Fox's stock dropped following its announcement that it will acquire Roku for $22 billion. Analysts still think it's a good deal. [TheTopNews] Read More.5 hours ago - EV-maker Rivian cuts hundreds of jobs after launching new SUVElective vehicle-maker Rivian is laying off hundreds of workers in its service and customer organization.A company spokesperson told FOX Business that the job cuts represent less than 2% of Rivian's workforce, which totaled about 15,200 employees at the end of 2025. Workers affected by the layoffs may apply for other open roles at the company."We recently restructured a handful of teams within Rivian as we work to profitably scale our business," the spokesperson said.AUTOMAKER GEARS UP FOR SELF-DRIVING FUTURE WITH NEW CHIPThe job cuts took effect on Tuesday and affected Rivian's service and customer division, which is responsible for sales and marketing duties, as the company looks to restructure its teams to grow efficiently while rolling out a new model.The Wall Street Journal first reported the layoffs.Rivian recently conducted multiple rounds of layoffs in the last year while it prepared for the launch of the R2 SUV, which factors heavily into the EV-maker's roadmap for future products.RIVIAN CEO DISCUSSES TARIFFS, SAYS EV MAKER HAS 'VERY US-CENTRIC SUPPLY CHAIN'It cut over 600 jobs, or 4.5% of its workforce, in October amid softer demand for its vehicles following the expiration of EV tax credits in October.The R2 officially debuted last week with a variant that had a larger number of optional add-ons for a starting price around $58,000 – while the automaker is planning to release more affordable versions in the future.RIVIAN TO LAY OFF 10% OF SALARIED STAFFThe company is hoping that the lower-cost model will broaden demand and strengthen its sales outlook as it strives for profitability.Rivian has said that it no longer expects to meet its 2027 adjusted core profit target as it ramps up spending on research and development to accelerate its autonomous driving roadmap.GET FOX BUSINESS ON THE GO BY CLICKING HEREReuters contributed to this report. [TheTopNews] Read More.5 hours ago
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