FOX Business News

Tesla delivered a record 92,000 vehicles during its second quarter, meeting founder and chief executive officer Elon Musk’s promise of beating analysts’ expectations. Continue Reading Below Wedbush Managing Director Daniel Ives told FOX Business he is still slightly pessimistic on the company and questions Tesla’s sustainable growth rate for the Model 3 in the second half of the year. “The street continues to be a glass half-empty view here,” Ives said on “Countdown to the Closing Bell”…

Lexus is taking a spin on the water. Continue Reading Below The luxury automaker teased the arrival of its new yacht this week. Called the LY 650, the yacht is expected to be completed later this year, according to a tweet from the company. Lexus — a division of Toyota Motor Corp. — partnered with Marquis Yachts to create the 1,800 horsepower, 65-foot boat. It will have “advanced technology, three lavish staterooms and several multi-purpose…

U.S. equity futures are trading slightly lower ahead of the release of the monthly nonfarm jobs report. Continue Reading Below Wall Street reopens to trading on Friday following a record setting session and the July 4th holiday. U.S. stocks traded higher on Wednesday lifting the Dow Jones Industrials, the S&P 500 and the Nasdaq to new records. Investors are now betting on a rate cut by the Federal Reserve is looking more likely. Dow Jones Industrial…

Altria Group’s recent $372 million acquisition of a Switzerland-based maker of smokeless tobacco products comes as the industry seems to be shifting in response to plummeting cigarette sales. Continue Reading Below The transaction makes Altria, the parent company of Phillip Morris, 80 percent owner of the producer of a smokeless pouch called On!, a product similar to another nicotine pouch, Zyn, made by Swedish Match—which also produces Snus. “I don’t think there is any question cigarette sales are on a steep decline and…

Pabst Blue Ribbon is dipping into new territory: coffee. Continue Reading Below The Milwaukee-based brewing company released its Hard Coffee in a few locations on Monday, according to the website Beer Street Journal. If you’re interested in trying the alcoholic-coffee drink, you’ll have to head to Pennsylvania, Maine, New Jersey, Florida or Georgia, a tweet from the company said. To find more specific locations, the company suggesting using its product finder. MORE ON FOXBUSINESS.COM… The 5…

U.S. stocks traded higher on Wednesday lifting the Dow Jones Industrials, the S&P 500 and the Nasdaq to new records as financial markets closed early for the July 4th holiday. Continue Reading Below Ticker Security Last Change %Chg I:DJI DOW JONES AVERAGES 26966 +179.32 +0.67% SP500 S&P 500 2995.82 +22.81 +0.77% I:COMP NASDAQ COMPOSITE INDEX 8170.231057 +61.14 +0.75% President Trump celebrated the milestone tweeting a “congratulations!” noting the 19 percent annual gain for the broadest…

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The Budweiser brewer’s upcoming initial public offering on the Hong Kong Stock Exchange could be the largest ever for a food or drink company. Continue Reading Below Anheuser-Busch InBev, the world’s biggest brewer, announced in May that its Asia-Pacific subsidiary, Budweiser Brewing Company APAC Limited, had filed to list shares on the HKEX. The company is seeking to raise as much as $9.8 billion and began taking orders from investors Tuesday, The Wall Street Journal…

U.S. officials proposed more products from Europe it may hit with tariffs in response to the ongoing trade dispute over aircraft subsidies. Continue Reading Below The 89 types of goods listed by the U.S. Trade Representative Monday have an approximate trade value of $4 billion, officials said. The proposed tariffs include food products like pork, dairy, olives, fruit, coffee, pasta, Scotch and Irish whiskey, as well as items like cast iron pipes and various copper…

U.S. equity futures are pointing to a lower open after a day in which the S&P 500 set its sixth record close of the year. Continue Reading Below Dow Industrial futures are lower by 0.2 percent, S&P 500 futures are off by 0.1 percent and Nasdaq futures slipped 0.2 percent. MORE FROM FOXBUSINESS.COM After Monday’s rally,  investors were skeptical of further gains for equities after discouraging manufacturing surveys iand a U.S. threat of additional tariffs…