Goldman Sachs personal financial management head Joe Duran on inflation and portfolio diversification. Rep. Alexandria Ocasio-Cortez on Thursday reiterated her belief that members of Congress shouldn’t be allowed to buy and trade stocks. The New York Democrat’s comments come after Sen. Rand Paul, R-Ky., a practicing ophthalmologist, revealed on Wednesday […]
FOX Business News
OxyContin maker’s settlement goes to judge for confirmation
Check out what’s clicking on FoxBusiness.com. Purdue Pharma’s quest to settle thousands of lawsuits over the toll of OxyContin and its other prescription opioid painkillers is entering its final phase with the grudging support of most of those who have claims against the company. Nearly two years after seeking bankruptcy […]
Home prices have surged the most in these cities
Ironsides Macroeconomics managing partner Barry Knapp argues global goods prices impact the states of other markets. Low housing inventory, combined with record low mortgage rates, has spurred an increase in median prices for single-family homes in all but one of 183 metro areas during the second quarter, according to the […]
Producer prices soar 7.8% annually in July, most on record
UBS Financial Services private wealth advisor Alli McCartney on the rise in prices due to inflation. Producer prices accelerated at the fastest annual pace on record in July as supply chain disruptions and materials shortages continued to put upward pressure on costs. The producer price index for final demand increased […]
Stocks little changed ahead of PPI, weekly jobless claims
Mahoney Asset Management CEO Ken Mahoney on how vaccine requirements and the Fed are impacting the economy. U.S. stock indexes were pointing to small gains at the opening bell ahead of key economic data. Dow Jones Industrial Average futures rose 46 points, or 0.13%, while S&P 500 futures and Nasdaq […]
Bitcoin takes breather with price around $45,000
MittGroup CEO Grant Mitterlehner says younger generations have an advantage in cryptocurrency investments thanks to social media. The price of Bitcoin was down more than 2% Thursday morning, taking a breather from its recent run. The price was around $45,300 per coin, while rivals Ethereum and Dogecoin were trading around […]
Stock futures search for direction following record day
NatWest Markets co-head of Global Economics Michelle Girard, Advisor Group Chief Market Strategist CEO Phil Blancato and Kaltbaum Capital Management President Gary Kaltbaum on the latest CPI number, the Federal Reserve and today’s markets. U.S. equity futures are trading mixed ahead of the Thursday session on Wall Street. The major […]
Southwest Airlines says Delta variant is hurting its business
Check out what’s clicking on FoxBusiness.com. Southwest Airlines Co. LUV 1.43% said the recent surge in Covid-19 cases is causing bookings to slow and cancellations to rise, showing how quickly the Delta variant is denting economic activity. The airline said Wednesday that while demand for the key Labor Day weekend […]
EBay’s active buyers declined 2%
Check out what’s clicking on FoxBusiness.com. EBay Inc. reported a decline in active buyers in the latest quarter and projected lower-than-expected revenue in the current quarter, in another sign of softening e-commerce trends. The online marketplace reported 159 million active buyers for the June quarter, a 2% decline from a […]
Crypto wars: Biden administration at war with itself over regulation
Check out what’s clicking on FoxBusiness.com. A family feud is brewing over the regulation of the $2 trillion crypto business. FOX Business has learned that two, and possibly as many as three agencies inside the Biden administration are at odds with each other over who will take the lead in […]