Slatestone Wealth Chief Market Strategist Kenny Polcari discusses Bitcoin’s losses, arguing investors need to be aware of the popular cryptocurrency dropping below 30,000. Bitcoin was trading more than 4% higher on Wednesday morning. The price was around $34,288 per coin, while rivals Ethereum and Dogecoin were trading around $2,497 and […]
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Stock futures poised to gain after lackluster session
Hennessy Focus Fund co-portfolio manager Ira Rothberg points out his market picks. U.S. equity futures are trading slightly higher ahead of Wednesday’s opening bell. The major futures indexes suggest a gain of 0.1% following Tuesday’s lackluster session. GET FOX BUSINESS ON THE GO BY CLICKING HERE Asian shares were mixed […]
Berkshire Hathaway to buy $500 million stake in Brazil’s Nubank — WSJ
Check out what’s clicking on FoxBusiness.com. Brazil’s digital bank operator Nu Pagamentos SA said Berkshire Hathaway Inc. agreed to buy $500 million of its shares, as digital banking expands quickly in Latin America’s largest economy. The investment is accompanied by another, $250 million deal that includes various domestic and foreign […]
US Senate passes bill to raise fees on biggest mergers
Check out what’s clicking on FoxBusiness.com. The U.S. Senate passed a bill on Tuesday that would increase fees that companies planning the biggest mergers pay to government antitrust agencies and give those agencies bigger budgets. The bill – co-sponsored by Democrat Amy Klobuchar, the top antitrust senator, and Chuck Grassley, […]
Amazon reviewing bids to replace JPMorgan as credit card partner
Check out what’s clicking on FoxBusiness.com. E-commerce giant Amazon.com Inc is fielding bids to replace U.S. lender JPMorgan Chase & Co as the issuer on its co-branded credit card portfolio, a person familiar with the matter told Reuters. Amazon has sent out a ‘request for proposal’ for the portfolio, the […]
Las Vegas Sands faces $12B claim in Macau court
Check out what’s clicking on FoxBusiness.com. U.S. casino giant Las Vegas Sands is facing a $12 billion lawsuit from a former partner in a Macau court, in a case set to shine a light over how coveted casino licenses were awarded in the world’s biggest gambling hub two decades ago. […]
IRS wants Congress to help collect cryptocurrency tax information
FOX Business’ Charles Payne shares his thoughts on Bitcoin and the cryptocurrency craze. IRS Commissioner Charles Rettig on Tuesday told lawmakers that the tax agency needs broader authority to collect information on digital currency transactions in order to ensure people report and pay what they owe. “I think we need […]
Americans made $4B in bitcoin profits in 2020 – more than any other country, analysis shows
E11EVEN Hotel and Residences co-founder Marc Roberts on accepting Bitcoin as payment, adding he’s ‘very encouraged’ by the future. The year 2020 may be remembered as the year bitcoin went mainstream. A new study from Chainanalysis shows that Americans pocketed a whopping $4.1 billion in bitcoin profits last year – […]
Tesla’s China vehicle deliveries bounce back in May
Money Map Press chief strategist Shah Gilani and The Fitz-Gerald Group Principal Keith Fitz-Gerald on tech stocks, meme stocks, economic recovery and today’s markets. Tesla shares are trading lower after jumping in pre-market trading Tuesday on news the electric vehicle maker’s deliveries in China bounced back in May. Ticker Security […]
Clover Health, Wendy’s join AMC, GameStop in meme mania
Sources tell FOX Business’ Charlie Gasparino that Gensler is worried easy-to-use trading platforms encourage the buying of risky stocks. Clover Health Investments and Wendy’s are now part of the meme stock parade, joining AMC and GameStop, among others. Ticker Security Last Change Change % CLOV CLOVER HEALTH INVESTMENTS CORP 20.74 […]