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Rob Gronkowski says he’s invested in Apple, labels the stock his ‘best investment’

Rob Gronkowski revealed Apple has proven to be his “best investment” to date. The retired NFL tight end recently told Fortune that he first invested in the tech giant about 10 years ago, going off a suggestion he received from a contractor he had tasked with constructing a house in Massachusetts. Gronkowski was in the midst

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Subway CEO John Chidsey to retire at end of the year

Sandwich chain Subway announced on Tuesday that CEO John Chidsey will retire at the end of the year. “It has been a privilege to lead Subway through a period of exciting change, and I am so proud of what the team has achieved together,” he said in a statement. Chidsey has served as chief executive

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Macy’s says employee ‘intentionally’ hid up to $154M in expenses

Macy’s Inc. says it will no longer release its full third-quarter earnings report this week as planned, after discovering an employee “intentionally” hid up to $154 million in expenses. The retailer had been slated to release its report on Tuesday morning, but instead posted preliminary findings on Monday that showed it missed Wall Street expectations.

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Over 10% of South Korea’s workforce is now robotic, survey finds

Slightly over 10% of South Korea’s workforce has been replaced with robots, an annual survey by World Robotics 2024 found. The report, which was presented by the International Federation of Robotics (IFR), found that robotics has continued on an upward trend globally. South Korea led the transition to a robotic workforce, with the Asian country

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Stocks jump, DOGE gets to work and Walmart talks tariffs

– While President-elect Trump is busy building his cabinet, the DOGE team is already hard at work  – Wall Street CEO gets nod for commerce secretary, treasury favorite picked after tight race   – Bitcoin nears $100K as U.S. stocks wrap up a winning week, along with big gains for gold  – Nvidia CEO tells

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ETFs: What they are and how to make money with them

Exchange-traded funds (ETFs) are all the rage this year, as more investors flock to the opportunities they provide. The trend is leaving some to wonder just what ETFs are, and what the fuss is all about. An ETF is a type of pooled investment security that operates much like a mutual fund.  Typically, ETFs will

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China funds slash ETF fees, escalating price war in booming market

SHANGHAI/HONG KONG – Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the rapidly expanding $400 billion sector of the market. The move to cut management and custodian fees by as much as 70% came a day after Wu Qing,

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Nvidia stock rebounds after optimistic forecast for ‘Age of AI’

Nvidia released its earnings report on Wednesday and projected that fourth-quarter sales were above Wall Street estimates, but investors balked as those figures fell short of the lofty expectations the artificial intelligence (AI) giant has garnered during its historic rise. Nvidia forecast fourth-quarter revenue of $37.5 billion, plus or minus 2%, compared to analysts’ average estimate

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Trump eyes official crypto lead or czar

In what would be the first role of its kind, President-elect Trump is mulling a position dedicated solely to cryptocurrency policy, FOX Business has learned.  It’s unclear if the role would be a czar type or a White House staff role, but the individual would have the president’s ear, according to industry sources familiar with

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Former FTX executive Gary Wang spared prison time for role in crypto fraud

A former top FTX executive charged with writing computer code for now imprisoned FTX founder and CEO Sam Bankman-Fried to help steal billions of dollars from cryptocurrency customers, was spared prison time by a Manhattan judge on Wednesday. U.S. District Judge Lewis Kaplan said during a hearing in federal court in Manhattan that he would

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