Fox Business

Roger Ailes Resigns From Fox News; Rupert Murdoch Takes Over As Acting CEO

Following a barrage of allegations of sexual misconduct involving Fox News' iconic CEO Roger Ailes, it seemed like it was only a formality before the departure was announced, and sure enough, moments ago it became official when Fox announced that Ailes has resigned as CEO and Chairman.

"Frack Master" Busted For Blowing Investor Cash On "Whore Card"

Texas businessman Chris Faulkner charmed hundreds of investors and major media companies into believing he had extensive experience in energy markets, but, as Bloomberg reports, it turns out the self-proclaimed "frack master" had none and that at least $30 million he raised was spent on strippers, escorts, lavish vacations and other personal expenses.

"People Are Afraid" Gunshop Owner Says AR-15 Sales Have "Really Kicked Up"

AR-15s and other firearms are "flying off the shelves" according to gun store owners, noting sales have "really kicked up" since the Orlando shooting. As Fox Business reports, Adventure Outdoors Owner Jay Wallace said "[People] are afraid that the government is going to take [guns] away and there are folks that are in fear because of the times that we are living in today and those are two big reasons."

Big Names Are Bailing

The list of heavy hitters who are saying bad things about this world and its financial markets - while acting aggressively on their pessimism - is growing to alarming proportions.

Former McDonalds CEO Crushes The Minimum Wage Lie: "It's Cheaper To Buy A Robot Than Hire At $15/Hour"

"I was at the National Restaurant Show yesterday and if you look at the robotic devices that are coming into the restaurant industry - it’s cheaper to buy a $35,000 robotic arm than it is to hire an employee who’s inefficient making $15 an hour bagging French fries - it’s nonsense and it’s very destructive and it’s inflationary and it’s going to cause a job loss across this country like you’re not going to believe."

Marc Faber's "Worst Fear" Is Hillary Clinton Becoming President

"The worst fear I have is that Mrs. Hillary Clinton will become president. That is my worst fear. I would vote for anyone in the world before I would choose Hillary Clinton. She’s dishonest, she’s a liar and she has deceived people..."

Ron Paul: "I Feel A Kinship With Bernie Sanders"

"We’re both against corporatism. We’re both against the special benefits to big business. His answer to that wouldn’t always be the same. Mine would always drift to the free markets. His would drift to ‘well we need more government to redistribute wealth,’ but we could both attack subsidies to business or the military industrial complex. In that sense, there is a kinship."

Bernie Sanders' Wife: "It Would be Nice If The FBI Moved Along Hillary's Email Probe"

"We said right from the beginning, right after the debate where he said, 'enough of your damn emails,' he also said, 'there's a process...it's going forward,'" Jane Sanders said Thursday on Fox Business. "It's an FBI investigation...we want to let it go through without politicizing it and then we'll find out what the situation is and that's how we still feel. I mean, it would be nice if the FBI moved it along," she said with a laugh.

Frontrunning: April 8

  • Stocks up as investors look to end bruising week on a high (Reuters)
  • Treasuries Set for Two-Week Gain; Greenspan Warns of Global Risk (BBG)
  • Yellen, alongside Fed alum, says rate hikes on track (Reuters)
  • Oil Prices Lifted by Fed Comments on U.S. Economy (WSJ)
  • China says G20 summit should be about economics, not politics (Reuters)
  • Cameron Accused of Hypocrisy for Stake in Father's Offshore Fund (BBG)