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    94.3 Rev-FM The Rock of Texas | Where Texas Rocks

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Business News

24 Results / Page 1 of 3

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linda-yaccarino-steps-down-from-role-as-ceo-of-musk-owned-x

Business News

Linda Yaccarino steps down from role as CEO of Musk-owned X

(NEW YORK) -- Linda Yaccarino said she is stepping down from her role as CEO of X, the social media platform owned by Elon Musk.Yaccarino, who previously served as an advertising executive at NBCUniversal, took the helm of X two years ago.In post on X announcing her departure, Yaccarino thanked Musk for the opportunity."When [Musk] and I first spoke of his vision for X, I knew it would be the […]

todayJuly 9, 2025

dow-closes-down-420-points-as-trump-unveils-new-tariffs

Business News

Dow closes down 420 points as Trump unveils new tariffs

Andrew Caballero-Reynolds/AFP via Getty Images (WASHINGTON) -- Stocks closed down significantly on Monday after President Donald Trump announced steep tariffs on seven countries and threatened to impose new levies on others.The Dow Jones Industrial Average closed down 422 points, or 0.9%, while the S&P 500 dropped 0.7%. The tech-heavy Nasdaq declined 0.9%.Tesla, the electric-vehicle company led by tech billionaire Elon Musk, fell 6% after the CEO reignited a feud with Trump by announcing plans to launch […]

todayJuly 7, 2025

what-to-know-about-trump’s-shifting-tariff-deadline

Business News

What to know about Trump’s shifting tariff deadline

(WASHINGTON) -- President Donald Trump on Monday will sign an executive order delaying steep levies on dozens of countries that were set to take effect on Wednesday, the White House said.Trump's so-called reciprocal tariffs will now take effect on Aug. 1, White House press secretary Karoline Leavitt told reporters.Minutes earlier, Trump announced 25% tariffs on South Korea and Japan that would take effect at the start of August. Twelve additional […]

todayJuly 7, 2025

gas-prices-near-lowest-level-in-4-years-ahead-of-fourth-of-july

Business News

Gas prices near lowest level in 4 years ahead of Fourth of July

(NEW YORK) -- Gas prices are hovering near their lowest summer level in four years as millions of people ready themselves to hit the roads over the Fourth of July holiday weekend.The national average for a gallon of gas on Thursday stood at $3.16, which amounts to a nearly 10% decline from a year ago, AAA data showed. Gas prices dropped in recent weeks as crude oil erased a spike set off by the outbreak […]

todayJuly 3, 2025

hiring-surged-in-june,-defying-concern-about-trump’s-tariffs

Business News

Hiring surged in June, defying concern about Trump’s tariffs

(NEW YORK) -- Hiring surged in June as businesses navigated uncertainty surrounding President Donald Trump's tariffs, federal government data on Thursday showed. The reading exceeded economists' expectations.The U.S. added 147,000 jobs in June, according to data from the U.S. Bureau of Labor Statistics. That figure showed a slight increase from 139,000 jobs added in the previous month. The unemployment rate ticked down to 4.1%, putting it at near-historic lows.Key measures […]

todayJuly 3, 2025

us-dollar-is-off-to-its-worst-start-in-50-years-here’s-why-that-matters-for-you.

Business News

US dollar is off to its worst start in 50 years. Here’s why that matters for you.

(NEW YORK) -- The United States dollar is suffering its worst start to a year in more than five decades, likely triggering a price hike for some everyday items and a jump in expenses faced by travelers abroad, some analysts told ABC News.The greenback has fallen more than 10% in value this year relative to a group of foreign currencies that belong to top U.S. trading partners.Investors have fled U.S. […]

todayJuly 2, 2025

fed-chair-powell-says-he-won’t-rule-out-interest-rate-cut-this-month

Business News

Fed Chair Powell says he won’t rule out interest rate cut this month

(WASHINGTON) -- Federal Reserve Chair Jerome Powell said on Tuesday he would not rule out a potential interest rate cut as soon as this month. The remarks come amid a public pressure campaign from President Donald Trump, who has repeatedly urged Powell to slash interest rates.When asked on Tuesday about a possible interest rate cut at the Fed's meeting this month, Powell said, "I wouldn't take any meeting off the table or put any […]

todayJuly 1, 2025

court-approves-sale-of-23andme-to-nonprofit-led-by-former-ceo-anne-wojcicki

Business News

Court approves sale of 23andMe to nonprofit led by former CEO Anne Wojcicki

(NEW YORK) -- A bankruptcy court this week approved the $305 million sale of genetics testing firm 23andMe to a nonprofit organization led by the company's former CEO Anne Wojcicki, the company announced.The 23andMe bankruptcy earlier this year elicited fears about the security of genetic data belonging to the company's roughly 15 million customers.The TTAM Research Institute, or TTAM, a California-based nonprofit set to acquire 23andMe, plans to maintain the […]

todayJuly 1, 2025

s&p-500-hits-record-high-as-stock-market-surges

Business News

S&P 500 hits record high as stock market surges

Matteo Colombo/Getty Images (NEW YORK) -- The S&P 500 hit an all-time record high on Friday, extending breakneck gains achieved in recent weeks as investors shrugged off concerns about newly imposed tariffs and war in the Middle East.The S&P 500 climbed 0.3%, clocking in for the first time ever at 6,156.Over the past month -- even as U.S.-China trade tensions resurfaced and conflict grew in the Middle East -- the […]

todayJune 27, 2025

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