Features

By Shawn M. Carter Published August 16, 2019 Food and Beverage FOXBusiness Facebook Twitter Comments Print video Red Lobster CEO says plant-based seafood is 'terrible,' has no plans to add it to menu A look at why Red Lobster will not be adding plant-based seafood to its menu. Ultra vegetarians, rejoice. There’s a new option in plant-based eating. Impossible Foods, making waves for its Impossible Burger and other meat and dairy substitutes, is now getting into the seafood market. Continue Reading Below The company recently announced it’s working on a fishless fish recipe that contains heme, the same ingredient used to give the Impossible Burger its notable “bleeding” effect and unique taste. People reacted on social media, with one Twitter user saying she’s "here for it." But not everyone is on board. Red Lobster Chief Executive Officer Kim Lopdrup expressed his skepticism for the new project, saying he has no … [Read more...] about Impossible Burger makers have something fishy on tap

Published August 16, 2019 Dow Jones Industrial Average FOXBusiness Facebook Twitter Comments Print video Fed’s Bullard: It’s not surprising to see a volatile stock market FOX Business’ Edward Lawrence talks to St. Louis Federal Reserve President James Bullard about global growth, the market selloff, the inverted yield curve and consumer spending. In an exclusive interview with Fox Business, Federal Reserve Bank of St. Louis President James Bullard said that despite the stock market’s recent selloff, he sees no need to panic about the U.S. economy. Continue Reading Below The Dow Jones Industrial Average dropped a whopping 800 points this week, its worst performance of 2019. The S&P 500 fell more than 85 points and the Nasdaq Composite was down 3 percent. Still, Bullard, who is a voting member of the Federal Open Market Committee this year, said inter-meeting action from the Federal Reserve isn’t necessary: … [Read more...] about Fed’s Bullard says no need to panic about stock gyrations

By Nick Giampia Published August 15, 2019 Features FOXBusiness Facebook Twitter Comments Print video Flywheel to close four Los Angeles studios FOX Business’ Liz Claman reports that Flywheel will close four Los Angeles studios. Flywheel says they plan to close 25 percent of its studios in the next two weeks, according to FOX Business’ Liz Claman. Continue Reading Below “The Claman Countdown” obtained an email sent to customers of the indoor cycling studios that says their Los Angeles locations would be shutting down at the end of the month. “Dear FlyFam, We are sad to announce that our Los Angeles studios will be officially closing on Thursday, August 29, 2019.” The company will also be closing down studios in Scottsdale, Arizona; Austin, Texas; Walnut Creek and Sunnyvale California along with other locations. Sources inside the company told Claman they’re closing underperforming … [Read more...] about Flywheel to close lots of studios quickly

By Julia Limitone Published August 15, 2019 Real Estate FOXBusiness Facebook Twitter Comments Print video The refinances are terrific, people have more money, Walmart is proof: Dolly Lenz Dolly Lenz Real Estate CEO Dolly Lenz and Dolly Lenz Real Estate Managing Director Jenny Lenz on the impact of the decline in mortgage rates on the housing market. As mortgage rates continue to fall, the housing market is changing for the better -- just look at retail giant Walmart, one New York-based real estate powerhouse said. Continue Reading Below “The refinances are terrific,” Dolly Lenz, the CEO of Dolly Lenz Real Estate, told FOX Business' Dagen McDowell. “People have lots more money in their pockets and Walmart is proof they're spending the money that they're saving on all their refinances. It really makes a huge difference in people's confidence in the general marketplace.” MORE FROM FOXBUSINESS.COM... … [Read more...] about How Walmart gains from falling mortgage rates

By Brittany De Lea Published August 15, 2019 Taxes FOXBusiness Facebook Twitter Comments Print video Epstein guards reportedly falsified logs Fox News senior judicial analyst Judge Andrew Napolitano on the investigation into the jail where Jeffrey Epstein was held and the potential case against former Epstein employees and alleged co-conspirators. Wall Street financier Jeffrey Epstein – who died in prison while facing sex trafficking charges – amassed what is believed to be a fortune worth hundreds of millions of dollars, and he may have used some tax saving strategies to help him do so. Continue Reading Below Epstein bought an island in the U.S. Virgin Islands more than 20 years ago. At that time, he also moved his financial advisory firm from New York to St. Thomas – a savvy move that likely allowed him to shave a significant chunk of change off of his tax bill. MORE FROM FOXBUSINESS.COM... … [Read more...] about Epstein’s private island: Business and tax breaks