Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. LONDON — Coffee and groceries are becoming a bigger part of BP PLC and Royal Dutch Shell PLC’s bottom line. Continue Reading Below Gas stations have emerged as one of the most profitable parts of the major […]
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Boeing’s other big problem: Fixing its space program
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Boeing Co.’s engineering failures didn’t begin or end with the 737 MAX. Its once-dominant space program, which helped put Americans on the moon five decades ago, has also struggled. Continue Reading Below The company’s biggest space initiatives […]
Biden’s trillion-dollar spending may restore inflation missing since ’08 crisis
Dan Niles, AlphaOne Capital Partners founding partner, argues that when economies fully reopen, inflation will become a ‘big problem, which will ‘force the Fed to taper a lot sooner than people are expecting.’ President-elect Joe Biden’s promise to spend trillions could bring back a healthy level of inflation that has […]
Fiat Chrysler, PSA Group merge to create new auto-making behemoth
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Fiat Chrysler Automobiles NV and Peugeot-maker PSA Group cemented their trans-Atlantic merger Saturday, creating Stellantis NV, a global auto-making giant that executives say will have the heft needed to compete in a fast-changing industry. Continue Reading Below […]
Biden’s environmental plan supercharges Tesla, rivals
New Street Research managing partner Pierre Ferragu discusses Elon Musk becoming the richest person in the world and the future of Tesla. Tesla will continue to lead the pack of U.S. automakers as the incoming Biden administration provides a tailwind for the electric vehicle business, according to one Wall Street […]
Stock futures drop after Biden releases $1.9T coronavirus relief plan
Stifel chief equity strategist Barry Bannister discusses his outlook for the markets and economy amid the coronavirus pandemic. U.S. stock futures pointed to a lower open Friday morning after details of President-elect Joe Biden’s proposed $1.9 trillion COVID-19 relief package underwhelmed investors and the big banks kicked off earnings season. […]
JPMorgan revenue spikes as COVID-19 relief soothes economic pain
CornerStone Macro’s Michael Kantrowitz on his outlook for the market throughout 2021. JPMorgan Chase, the nation’s largest lender, posted higher profit than Wall Street expected as trading income spiked amid volatility from the U.S. presidential election and customer borrowing increased. Continue Reading Below Profit of $3.07 a share, excluding the release […]
Stocks moving lower following Biden’s proposed $1.9T-recovery package announcement
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. U.S. equity futures are trending lower hours before the opening bell Friday after President-elect Joe Biden announced his plans to propose a $1.9-trillion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s […]
Oil prices mixed Friday as concerns arise over Chinese Covid lockdowns
Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. TOKYO – Oil prices were mixed on Friday as strong import data from China, the world’s biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks. Continue Reading Below […]
Delta CEO: Coronavirus vaccine could restore profitability by summer
Delta Air Lines CEO Ed Bastian says the return to profitability requires that coronavirus vaccines become distributed at a higher pace and the U.S. continues to take the necessary steps to combat the virus. The coronavirus pandemic dealt a major blow to the travel industry, with airlines losing billions of dollars […]