Fox Business Briefs: Airbnb files with U.S. regulators for an initial public offering; Instagram adds a new ‘suggested post’ feature which will now show up at the bottom of your feed after you’re all caught up on recent posts. (Reuters) – Home rental company Airbnb Inc is aiming to raise […]
Reuters Top Video News
Trump, Paris coronavirus alert hit European stocks
Dr. Marc Siegel weighs in on the announcement by President Trump. European stocks slid on Friday after U.S. President Donald Trump tested positive for COVID-19, hitting equity markets globally. Continue Reading Below The pan-European STOXX 600 fell 0.5%, although pulling back from early losses of as much as 1.1%. The […]
Trump, Paris coronavirus alert hit European stocks
Dr. Marc Siegel weighs in on the announcement by President Trump. European stocks slid on Friday after U.S. President Donald Trump tested positive for COVID-19, hitting equity markets globally. Continue Reading Below The pan-European STOXX 600 fell 0.5%, although pulling back from early losses of as much as 1.1%. The […]
Investor bets $180M on Amazon, Facebook, Netflix, Google call options
BMO Capital Markets chief strategist Brian Belski argues current market dips are normal. An investor bought large blocks of upside call options on Thursday in companies such as Netflix and Amazon.com trades reminiscent of outsized options purchases made in August by a large investor known as the “Nasdaq whale.” Continue […]
PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic
Nuveen Chief Equity strategist Bob Doll discusses his outlook for the markets. PepsiCo Inc forecast full-year profit above market expectations on Thursday after a rebound in soda sales and increased demand for the company’s snacks during the COVID-19 crisis helped drive quarterly sales higher. Continue Reading Below The packaged food […]
PepsiCo sees strong annual profit as snacks, sodas thrive in pandemic
Nuveen Chief Equity strategist Bob Doll discusses his outlook for the markets. PepsiCo Inc forecast full-year profit above market expectations on Thursday after a rebound in soda sales and increased demand for the company’s snacks during the COVID-19 crisis helped drive quarterly sales higher. Continue Reading Below The packaged food […]
Shell plans to cut up to 9,000 jobs in transition plan
Former Shell Oil president John Hofmeister on the oil price war with Russia and Saudi Arabia. Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon […]
William Hill backs Caesars’ $3.7B takeover bid
Sportsgrid President Lou Maione on the business of legalized sports gambling. William Hill said on Wednesday it had agreed to be acquired by Caesars Entertainment, which has valued the British bookmaker at 2.9 billion pounds ($3.72 billion), and would give the U.S. casino operator full control of a quickly expanding […]
US House Judiciary antitrust report likely to come out as soon as Monday October 5: source
FOX Business’ Charlie Gasparino gives updates on the Department of Justice’s lawsuit against Google and the potential TikTok deal. The U.S. House of Representatives Judiciary Committee’s antitrust subcommittee is expected to release a much-anticipated report into antitrust allegations against four of America’s largest tech companies as soon as Monday, according […]
JPMorgan to pay $920 million for manipulating precious metals, treasury market
Oden Capital Group chief financial strategist Dick Bove on his outlook for banks amid allegations of suspicious transactions. JPMorgan Chase & Co JPM.N has agreed to pay more than $920 million and admitted to wrongdoing to settle federal U.S. market manipulation probes into its trading of metals futures and Treasury securities, the […]