Steve Madden announces plan to 'rapidly' move production out of China following Trump election win
Popular shoe retailer Steve Madden announces it will "rapidly" pull back its China-based production by up to 45%, just days after Trump's 2024 election win.
After Trump victory, Steve Madden announces plans to move production out of China
Shoe retailer Steve Madden said in a statement that it's putting a 'plan into motion' that will cut Chinese sourcing up to 45%.
CEOs say shrink is easing, but experts warn retail theft isn't: 'Two different conversations'
Retail executives have said that they've been seeing a decrease in shrink. However, industry experts say this doesn't mean that retail theft has decreased.
Volkswagen recalls over 114,000 Beetle, Passat vehicles due to risk of airbag inflator explosion
Volkswagen is recalling nearly 114,500 of its Beetle and Passat vehicles in response to the risk that their driver’s side airbag inflators could explode.
As long as Chuck Schumer doesn't 'have the gavel,' Congress will 'come together': Rep. Dan Meuser
Rep. Dan Meuser, R-Pa., reacts to Trump winning the swing state and how energy producers feel about the final election results.
Stellantis to lay off 1,100 workers indefinitely
Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.
Exec reveals which market sectors could do well following Trump victory
Hennion & Walsh Chief Investment Officer Kevin Mahn discusses which market areas could perform well under a second Trump administration on 'Varney & Co.'
Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'
Nissan is cutting jobs and its CEO's pay after results from the first half of FY24 showed decreased consolidated net revenue and global sales volumes, and a .5% operating profit margin.
Trump's tariffs would drive up consumer prices: National Retail Federation
National Retail Federation CEO Matthew Shay issued concerns about President-elect Trump's proposed tariffs, saying it could drive up prices and result in job losses.
Green energy stocks down following Trump election win
Alternative energy stocks tumbled Wednesday after Donald Trump was declared the winner of the U.S. presidential election over Vice President Kamala Harris.
Trump's policies could provide 'Reagan-style rocket fuel' for the economy: Peter St Onge
Heritage economist Peter St Onge breaks down Trump's economic policies on 'Making Money.'
Which Harris tax plans are most worrisome? 'All of them,' says equity strategist
Federated Hermes chief equity market strategist Phil Orlando analyzes market uncertainty and strength around the election, and looks ahead to the Federal Reserve's rate decision on Thursday.
Boeing strike ends after labor union accepts contract offer, announces return to work
A Boeing machinists union based in Seattle approved a new contract offer by a 59% vote after nearly two months on strike. The offer includes a 38% raise over four years and bonuses.
A Trump victory will be more positive for the AI trade: Ivana Delevska
Spear Invest founder and Chief Investment Officer Ivana Delevska discusses how the election outcome will impact Big Tech and the broader market on 'Making Money.'
The new Starbucks strategy: Will CEO Brian Niccol’s plan work?
Starbucks CEO Brian Niccol wants to return the company to its coffeehouse roots. Analysts are optimistic, though they say the company will face near-term headwinds.
Auto Workers for Trump leader addresses Michigan rally after Ford Motors announces layoffs ahead of holidays
The founder of Auto Workers for Trump 2024 discussed the recent layoffs at Ford Motors as the former president made his latest appeal to voters in Michigan.
TGI Fridays files for bankruptcy, COVID-19 pandemic blamed for financial woes
Casual dining chain TGI Fridays Inc. filed for Chapter 11 bankruptcy in Texas on Saturday with the company's executive chairman saying it still has not fully recovered from the COVID-19 pandemic.
Trump's potential Treasury pick gives sneak peek into Musk collaboration
John Paulson, Paulson & Co. co-founder and president, pledged to work with Elon Musk to cut government spending, laying out ways cuts could be made easily.
Two charged in Nashville jewelry store robbery: over $1 million in gold, jewelry
Two people have been charged after allegedly swiping over $1 million in gold and jewelry during a recent Nashville, Tennessee, jewelry store heist, according to the Metro Nashville Police Department.
Ford recalls pickup trucks over potential rearview camera issue
Ford is recalling nearly 25,000 trucks because of an problem that could make the rearview camera system malfunction. The recalled vehicles are 2023-2024 F-250, F-350 and F-450 trucks.