Check out what’s clicking on FoxBusiness.com. U.S. air safety officials have asked Boeing Co to supply fresh analysis and documentation showing numerous 737 MAX subsystems would not be affected by electrical grounding issues first flagged in three areas of the jet in April, two people familiar with the matter told […]
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Jessica Alba-backed Honest Company IPO raises $412.8 million
Improving products for kids Honest Company Inc, the consumer goods company founded by actress Jessica Alba, priced its initial public offering (IPO) on Tuesday slightly above the midpoint of its indicated range, raising $412.8 million, a person familiar with the matter said. Honest sold 25.8 million shares at $16 each, […]
Hyatt Hotels post bigger loss as pandemic keeps people at home
Empty hotels and office buildings are being converted into affordable housing amid the coronavirus pandemic. FOX Business’ Edward Lawrence with more. Hotel operator Hyatt Hotels Corp reported a bigger loss for the first quarter on Tuesday as people stayed at home due to the COVID-19 pandemic. Stocks in this Article […]
Warren Buffett touts U.S. economy’s unexpected strength as Berkshire rebounds
Barron’s associate editor Andrew Bary joins ‘Barron’s Roundtable’ with insight into letter due out Feb. 27 Warren Buffett said on Saturday that the U.S. economy is faring far better than he might have predicted early in the coronavirus pandemic, benefiting his conglomerate Berkshire Hathaway Inc (BRKa.N). Speaking at Berkshire’s annual […]
Pfizer begins exporting U.S.-made COVID-19 vaccine to Mexico
Check out what’s clicking on FoxBusiness.com. Pfizer Inc’s shipment of COVID-19 vaccine to Mexico this week includes doses made in its U.S. plant, the first of what are expected to be ongoing exports of its shots from the United States, a source familiar with the matter told Reuters on Thursday. […]
Ford posts profit, says chip shortage to slash Q2 output by 50%
Check out what’s clicking on FoxBusiness.com. Ford Motor Co on Wednesday said it expects a global semiconductor shortage could ease this summer but may not be fully resolved until 2022, as the automaker reported a strong first-quarter profit but said the shortage may slash second-quarter production by half. Stocks in […]
Facebook smashes revenue estimates but warns Apple change could hobble growth
Check out what’s clicking on FoxBusiness.com. Facebook Inc beat Wall Street expectations for both quarterly revenue and profit on Wednesday but warned that growth later this year could “significantly” decline as new Apple Inc privacy policies will make it more difficult to target ads. The company’s shares were up 5% […]
BioNTech CEO: Seeking details on heart inflammation reports
Check out what’s clicking on FoxBusiness.com. German biotech startup BioNTech is seeking details of reports from Israel of cases of heart inflammation among people receiving the COVID-19 vaccine it is making with Pfizer, Chief executive Ugur Sahin said on Wednesday. GET FOX BUSINESS ON THE GO BY CLICKING HERE Sahin […]
Visa sees pandemic ‘storm’ clearing
Kris Marszalek discusses how to get involved in crypto-driven transactions. Visa Inc is emerging from the COVID-19 pandemic, its top boss said on Tuesday, as a surge in online shopping helped the world’s biggest payment processor beat Wall Street estimates for quarterly profit and counter sluggish travel spending. Payment companies […]
GameStop raises $551 million to accelerate e-commerce push, shares jump
Check out what’s clicking on FoxBusiness.com. GameStop Corp has raised $551 million through an equity offering as the videogame retailer accelerates its shift to e-commerce, sending its shares 15% higher in extended trading on Monday. The company, which was at the center of a Reddit-fueled trading frenzy earlier this year, […]