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Showing posts from May, 2021

FOX BIZ NEWS: Europe's bourse share trading claims inaccurate, says industry body

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Europe's bourse share trading claims inaccurate, says industry body The bulk of share trading in the European Union takes place on exchanges with relatively little inside banks, an industry body said on Tuesday in a bid to stop what it called bourses seeking to "perpetuate their dominance".

FOX BIZ NEWS: Gold eyes best month since July 2020 on softer dollar, inflation woes

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Gold eyes best month since July 2020 on softer dollar, inflation woes Gold prices rose on Monday and were headed for their best monthly jump since July 2020, boosted by a weaker U.S. dollar and lower bond yields, while growing inflationary pressure also lifted demand for the safe-haven metal as a hedge.

FOX BIZ NEWS: Miami to host largest cryptocurrency conference in history

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Miami to host largest cryptocurrency conference in history Miami is hosting the largest-ever cryptocurrency conference this week in a sign that what was once dismissed as a passing fad is now going mainstream.

FOX BIZ NEWS: Bitcoin contends with biggest monthly drop on record

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Bitcoin contends with biggest monthly drop on record Bitcoin was flirting with its biggest monthly decline on record as May comes to an end.

FOX BIZ NEWS: Bitcoin, June jobs report, Zoom earnings and Powell remarks top week ahead

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Bitcoin, June jobs report, Zoom earnings and Powell remarks top week ahead The May jobs reports, Miami's Bitcoin conference, and Yellen's first overseas trip highlight the week ahead.

FOX BIZ NEWS: Bitcoin trades above $36,000 as cryptocurrencies edge mostly higher

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Bitcoin trades above $36,000 as cryptocurrencies edge mostly higher Bitcoin was volatile early Monday morning beginning the day at $36,328 before slumping to a daily low of $34,401. Shortly after 3 a.m. Eastern, the cryptocurrency was trending higher again, hitting $35,964, Coindeck reported.

FOX BIZ NEWS: Bitcoin, ADP employment, Zoom earnings top week ahead

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Bitcoin, ADP employment, Zoom earnings top week ahead FOX Business takes a look at the upcoming events that are likely to move financial markets in the coming days.

FOX BIZ NEWS: Goodyear faces allegations of labor abuse in Malaysia, documents show

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Goodyear faces allegations of labor abuse in Malaysia, documents show American tire manufacturer Goodyear Tire & Rubber Co (GT.O) is facing accusations of unpaid wages, unlawful overtime and threats to foreign workers at its Malaysian factory, according to court documents and complaints filed by workers.

FOX BIZ NEWS: Memorial Day: Is the stock market open?

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Memorial Day: Is the stock market open? The equity markets in the U.S. will be closed Monday for Memorial Day.

FOX BIZ NEWS: Why it's so hard to fill jobs in certain states

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Why it's so hard to fill jobs in certain states The labor-market recovery after the coronavirus pandemic and related shutdowns is playing out unevenly across the U.S., from states where there are five openings for every unemployed worker to several where historically high jobless rates persist.

FOX BIZ NEWS: California man laundered millions in Bitcoin and cash, gets 2-year sentence, authorities say

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California man laundered millions in Bitcoin and cash, gets 2-year sentence, authorities say A California man who admitted to operating an unlicensed virtual currency business and laundering millions in Bitcoin and cash, has been sentenced to two years in federal prison, according to a report.

FOX BIZ NEWS: White House pushes back as Memorial Day weekend gas prices top $3 for first time in 7 years

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White House pushes back as Memorial Day weekend gas prices top $3 for first time in 7 years The White House on Friday moved to quell concerns of gasoline prices on Memorial Day Weekend surging above $3 per gallon for the first time in seven years.

FOX BIZ NEWS: Amazon vs. America? People want to know where products are made but Amazon doesn't want to tell you

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Amazon vs. America? People want to know where products are made but Amazon doesn't want to tell you Americans overwhelmingly want to know where the products they buy are made—including ones bought online.

FOX BIZ NEWS: Bitcoin won’t displace stocks, exchange trading: NYSE Chair Cunningham

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Bitcoin won’t displace stocks, exchange trading: NYSE Chair Cunningham Bitcoin and other cryptocurrencies, while popular among investors, don't carry the same trading protections in place for U.S. stocks.

FOX BIZ NEWS: Stock futures rally as Biden set to roll out $6T budget proposal

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Stock futures rally as Biden set to roll out $6T budget proposal U.S. stock futures rallied Friday as President Biden is set to unveil his $6 trillion budget proposal.

FOX BIZ NEWS: AMC, GameStop, Virgin Galactic short-sellers down $2.7B this week

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AMC, GameStop, Virgin Galactic short-sellers down $2.7B this week AMC and GameStop got the love this week from retail traders which is putting an even bigger squeeze on short-sellers.

FOX BIZ NEWS: U.S. Justice Department starts probe on Archegos collapse, report says

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U.S. Justice Department starts probe on Archegos collapse, report says The U.S. Department of Justice is investigating the collapse of Bill Hwang's Archegos Capital Management, which cost big global banks more than $10 billion in losses.

FOX BIZ NEWS: Bitcoin price slides along with other cryptocurrencies

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Bitcoin price slides along with other cryptocurrencies Bitcoin was trading nearly 5% lower on Friday morning.

FOX BIZ NEWS: Stock futures rise ahead of holiday weekend

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Stock futures rise ahead of holiday weekend U.S. equity futures are trading higher ahead of the final trading session before the Memorial Day weekend.

FOX BIZ NEWS: Costco sees shipping costs rise on fresh meats, imported cheeses

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Costco sees shipping costs rise on fresh meats, imported cheeses The Issaquah, Washington-based company reported quarterly double-digit net sales growth of 21.7% to $44.38B, up from $36.45B a year ago.

FOX BIZ NEWS: New York Stock Exchange president wants to remain in NYC

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New York Stock Exchange president wants to remain in NYC New York Stock Exchange President Stacey Cunningham on whether the NYSE would leave NYC.

FOX BIZ NEWS: Varney: The left wants banks to get in line with their social revolution

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Varney: The left wants banks to get in line with their social revolution FOX Business’ Stuart Varney on the left pressing big bank CEOs on social justice initiatives.

FOX BIZ NEWS: AMC, GameStop feeling the retail love this week

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AMC, GameStop feeling the retail love this week Retail investors are ravenous for shares of AMC and GameStop this week.

FOX BIZ NEWS: Bill Gates’ money manager: What to know about Michael Larson

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Bill Gates’ money manager: What to know about Michael Larson Michael Larson, who has been accused of workplace misconduct, has been managing Bill Gates’ wealth through Cascade Investment for 27 years.

FOX BIZ NEWS: Boeing to pay FAA penalties related to 737 jet production problems

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Boeing to pay FAA penalties related to 737 jet production problems Boeing Co. has agreed to pay $17 million in civil penalties for production lapses related to 737 aircraft models in a settlement with the Federal Aviation Administration, the agency said.

FOX BIZ NEWS: Pending home sales pummeled

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Pending home sales pummeled The lack of affordable homes continues to dog house hunters.

FOX BIZ NEWS: Stock futures mixed ahead of weekly jobless claims

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Stock futures mixed ahead of weekly jobless claims U.S. stock futures were little changed as investors awaited key economic data and digested another round of retail earnings.

FOX BIZ NEWS: Bitcoin trades around $38,000 as cryptocurrencies slide

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Bitcoin trades around $38,000 as cryptocurrencies slide Bitcoin was trading around $38,000 per coin Thursday morning, while rivals Ethereum and Dogecoin were trading around $2,700 and 33 cents per coin, respectively, according to Coindesk,

FOX BIZ NEWS: Stock futures trade cautiously ahead of GDP, jobless reports

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Stock futures trade cautiously ahead of GDP, jobless reports U.S. equity futures were trading lower ahead of the release of major eocnomic data.

FOX BIZ NEWS: US Senate panel advances EV tax credit of up to $12,500

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US Senate panel advances EV tax credit of up to $12,500

FOX BIZ NEWS: Cryptocurrency, videogaming power Nvidia to record earnings

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Cryptocurrency, videogaming power Nvidia to record earnings Nvidia Corp. reported a record quarterly revenue and profit, propelled by demand for videogaming and cryptocurrency and despite a broad-based shortage of semiconductors.

FOX BIZ NEWS: Ford's F-150 electric truck sales hit 70,000: CEO Jim Farley

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Ford's F-150 electric truck sales hit 70,000: CEO Jim Farley Strong sales of Ford's F-150 Lightning may serve as a positive barometer for the automaker's major push into electric vehicles.

FOX BIZ NEWS: PayPal developing cryptocurrency withdrawal function for third-party wallet transfers

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PayPal developing cryptocurrency withdrawal function for third-party wallet transfers Paypal's general manager of blockchain, crypto and digital currencies, Jose Fernandez da Ponte, said during Coindesk's Consensus 2021 Conference on Wednesday that the payment company is currently developing a withdrawal function.

FOX BIZ NEWS: Exxon loses board seats to activist hedge fund in landmark climate vote

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Exxon loses board seats to activist hedge fund in landmark climate vote A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday as shareholders elected at least two of the fund's nominated directors to the oil giant's board after a months-long battle over the company's carbon footprint and growth plans.

FOX BIZ NEWS: Amazon's Andy Jassy to replace Jeff Bezos in July

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Amazon's Andy Jassy to replace Jeff Bezos in July Amazon's Jeff Bezo will officially hand over his CEO duties to Andy Jassy in early July.

FOX BIZ NEWS: ZipRecruiter IPO: 5 things to know

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ZipRecruiter IPO: 5 things to know ZipRecruiter is taking its business to the next level and is Wall Street's newest public company ready to cash in on the tight job market.

FOX BIZ NEWS: GameStop, AMC back in meme mode

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GameStop, AMC back in meme mode Shares of GameStop and AMC Entertainment Holdings are back in "meme mode" Wednesday as retail investors are rallying around them on Reddit's speculative investing discussion forum WallStreetBets and on Twitter.

FOX BIZ NEWS: Stock futures tick higher in quiet trade

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Stock futures tick higher in quiet trade U.S. stock futures pointed to modest gains Wednesday morning as the major averages remained in striking distance of their all-time highs.

FOX BIZ NEWS: Amazon agrees to buy Hollywood studio MGM for $8.45B

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Amazon agrees to buy Hollywood studio MGM for $8.45B Amazon's purchase of MGM is the company's second-largest acquisition after Whole Foods.

FOX BIZ NEWS: Disney’s parks getting back on the rails

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Disney’s parks getting back on the rails Disney generally doesn’t fail at selling upbeat stories. But the company’s current audience on Wall Street is a demanding and rather single-minded one.

FOX BIZ NEWS: Mortgage applications fall with homes in short supply

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Mortgage applications fall with homes in short supply After a slow April, the demand for purchasing applications rose for the second time in three weeks.

FOX BIZ NEWS: Bitcoin price rises leading cryptocurrencies higher

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Bitcoin price rises leading cryptocurrencies higher Cryptocurrencies were on the rise early Wednesday morning.

FOX BIZ NEWS: Stock futures get back in rally mode

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Stock futures get back in rally mode U.S. equity futures were trading higher ahead of the Wednesday session on Wall Street.

FOX BIZ NEWS: US cuts Mexico's aviation safety rating, curbing new flights

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US cuts Mexico's aviation safety rating, curbing new flights Mexico's aviation safety rating was downgraded Tuesday by U.S. regulators.

FOX BIZ NEWS: Toll Brothers profit, sales rise on housing demand

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Toll Brothers profit, sales rise on housing demand Toll Brothers Inc. reported higher second-quarter sales as demand for homes continued to outstrip supply.

FOX BIZ NEWS: Beyond Meat could see sales spike as more diners return to restaurants post-pandemic

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Beyond Meat could see sales spike as more diners return to restaurants post-pandemic As Americans become more comfortable dining out in the age of the COVID-19 vaccine, Bernstein analysts are bullish about Beyond Meat.

FOX BIZ NEWS: Pork group asks USDA to support faster slaughterhouse speeds

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Pork group asks USDA to support faster slaughterhouse speeds A group representing pork producers urged the federal government Tuesday to let them continue an effort to speed up the processing of pigs into bacon and ham despite a union’s claim that the increased volume endangers workers.

FOX BIZ NEWS: Bitcoin Mining Council faces critics

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Bitcoin Mining Council faces critics Some Twitter users called the council "an attack on Bitcoin" while others claimed the group would drive the currency's mining and transaction costs higher, amount to a bigger waste of energy and make it less viable for payments

FOX BIZ NEWS: AutoZone would hike prices to combat $15 minimum wage

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AutoZone would hike prices to combat $15 minimum wage AutoZone says the federal government mandating a $15 per hour minimum wage would result in the company raising prices in order to offset the higher labor costs.

FOX BIZ NEWS: Stock futures gain as 10-year yield slips below 1.6%

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Stock futures gain as 10-year yield slips below 1.6% U.S. equity futures pointed to a second day of gains as the 10-year note yield slid to a two-week low, causing a rotation into growth stocks.