Honda recalls nearly 500K vehicles over seat belt issue

video FOX Business Flash top headlines for March 16 Check out what’s clicking on Honda has issued a safety recall for nearly 500,000 vehicles due to faulty seat belts which may fail to properly restrain the seat occupant during a crash.  The company notified the National Highway Traffic Safety Administration (NHTSA) that affected models […]

China Industrial Output Growth Strengthens; Retail Sales Rebound

China’s industrial production growth strengthened in January to February period and retail sales rebounded after the relaxation of the pandemic related restrictions, official data revealed Wednesday. Industrial output grew 2.4 percent on a yearly basis in January to February period, faster than the 1.3 percent increase posted in December, the National Bureau of Statistics reported. […]

Silicon Valley Bank reckless with risk, ESG push: State Financial Officers

video Biden defends US banking system after Silicon Valley Bank’s historic collapse President speaks from White House on health of America’s banks. The failure of Silicon Valley Bank is being cited by the State Financial Officers Foundation as an example of what can go wrong when financial institutions prioritize political agendas over basic risk management. […]

ZIM Integrated Shipping Q4 Results Down, But Top Estimates; Stock Up In Pre-market

ZIM Integrated Shipping Services Ltd. (ZIM), an Israeli container liner shipping company, reported Monday that its fourth-quarter net income fell to $417 million from last year’s $1.71 billion. Earnings per share were $3.44, down from $14.17 in the fourth quarter of 2021. On average, four analysts polled by Thomson Reuters expected earnings of $3.05 per […]

Hammerson FY22 Loss Narrows, Rental Income Down; Stock Down

Shares of Hammerson plc (HMSO.L) were losing around 8 percent in the early morning trading in London after the Property development and investment company recorded a loss in its fiscal 2022, narrower than last year, and weak gross rental income. The company also said its Board will not be recommending a further dividend payment for […]

CSX train derailed by West Virginia rock slide, causing diesel fuel spill

video Norfolk Southern train derailment in Ohio caught on dashcam video Dashcam video from Springfield, Ohio captured the moment a Norfolk Southern train derailed Sunday. (Timothy Taylor via Storyful) Transport company CSX says one of its empty coal trains has derailed Wednesday after striking a rock slide in West Virginia, causing a fire and spillage […]

Home Depot founder schools Fed, Biden over the 'tragedy' that comes with inflation

video The Fed acts ‘like the gang that can’t shoot straight’: Ken Langone Home Depot co-founder Ken Langone warns of a ‘serious financial crisis,’ arguing the Federal Reserve hasn’t been aggressive enough with raising rates. Billionaire investor, philanthropist and business leader Ken Langone called out the Federal Reserve under President Biden for not acting on […]

Australia Hikes Key Rate To Near 11-Year High

Australia’s central bank hiked its key interest rate by a quarter-point to a more than 10-year high and signaled more tightening to combat high inflation. The policy board of the Reserve Bank of Australia decided to lift the cash rate target by 25 basis points to 3.60 percent. The decision was as widely expected. The […]

Fed Chair Powell in congressional hot seat as sticky inflation squeezes Americans

video Powell has ‘made it clear’ the Fed will not ‘pivot’ on rates: Sica Circle Squared Alternative Investments CEO Jeff Sica joins “Varney & Co.” to share his market outlook and breaks down his predictions for how the Federal Reserve will handle rate hikes going forward. Federal Reserve Chairman Jerome Powell will be in the […]

UK Construction Activity Rebounds In February

The UK construction activity recovered at a robust pace in February as the rebound in commercial activity and a positive contribution from civil engineering were offset the housing market weakness, survey results from S&P Global showed Monday. The Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index climbed more-than-expected to 54.6 in February from […]