Stocks rising ahead of bank earnings

Stocks rising ahead of bank earnings

As news comes out that China wants a new round of talks before signing a deal, should Americans be optimistic that real progress has been made during U.S.-China trade talks? A ‘Bulls & Bears’ panel discusses. U.S. equity futures are indicating a strong open when Wall Street opens for trading on Tuesday. Continue Reading Below The three major futures indexes are pointing to a rise of 0.6 percent. Traders have their eyes on the start…

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Johnson & Johnson under pressure as FDA approves new use for Xarelto

Johnson & Johnson under pressure as FDA approves new use for Xarelto

FOX Business’ Kristina Partsinevelos discusses the massive fee in damages Johnson & Johnson could have to pay over the marketing of a specific drug. The Federal Drug Administration approved a new use for the Johnson & Johnson’s prescription drug thinner Xarelto on Monday, but the news failed to boost the pharmaceutical company’s stock as it contends with a massive slate of pending lawsuits. Continue Reading Below Officials determined Xarelto can be used to help prevent…

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UAW calls local leaders for Detroit meeting, update on GM strike

UAW calls local leaders for Detroit meeting, update on GM strike

FOX Business’ Grady Trimble reports from the UAW GM strike on developing negotiations as the strike enters its fifth week. Local United Auto Workers (UAW) union leaders were called to Detroit for a meeting on Thursday morning, FOX Business confirmed on Monday, in the strongest indication yet that a potential deal with General Motors could be close as the strike enters its fifth week. Continue Reading Below If a deal were reached, union leaders would…

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California governor signs offbeat bills into law

California governor signs offbeat bills into law

FOX Business’ Stuart Varney gives his take on rising gas prices in California. Democratic California Gov. Gavin Newsom celebrated his first year in office, taking action on more than 1,000 bills that reached his desk, including a few quirky measures. Continue Reading Below A spokesperson for the governor confirmed to FOX Business that he signed 870 bills this year. “We have clearly achieved a great deal together, and I commend the Legislature for their hard…

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Trump touts mini trade deal, but experts remain skeptical

Trump touts mini trade deal, but experts remain skeptical

Michael Pillsbury, China adviser to the president, joins FOX Business to discuss U.S.-China trade talks and why he thinks it’s a success. The White House celebrated a “phase one” trade deal struck with China on Friday, which calls on Beijing to ramp up agricultural purchases to between $40 million and $50 million, but experts are warning it may sound better in theory. Continue Reading Below In a research note sent out on Monday, Darin Friedrichs, senior…

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As US banks battle interest rates, loans may be silver lining

As US banks battle interest rates, loans may be silver lining

Minneapolis Federal Reserve Bank president Neel Kashkari discusses capital reserves held by big banks. The Fed’s recent rate cuts will be in the spotlight when the big banks kick off the third-quarter earnings season this week. Continue Reading Below Citigroup, Goldman Sachs, JPMorgan and Wells Fargo are set to report ahead of Tuesday’s opening bell while Bank of America and Morgan Stanley will release their results in the days that follow. Ticker Security Last Change…

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California bans fur statewide, but the multibillion-dollar industry won’t be easy to kill

California bans fur statewide, but the multibillion-dollar industry won’t be easy to kill

Marc Kaufman Furs owner Marc Kaufman talks business in the fur industry. California said no to fur in a historic legislative move that will ban the sale of newly manufactured fur products in the state. Continue Reading Below The bill was signed into law on Saturday by Democratic Gov. Gavin Newsom. “California is a leader when it comes to animal welfare, and today that leadership includes banning the sale of fur,” Newsom said in a statement. The…

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JPMorgan eyeing buyers for FreshDirect: Report

JPMorgan eyeing buyers for FreshDirect: Report

FreshDirect CEO Rick Braddock discusses how the economic slowdown is affecting the grocery industry. JPMorgan is reportedly eyeing buyers for FreshDirect, indicating they want out of their investment into the online food retailer recently besieged by delivery problems, according to a new report. Continue Reading Below MORE ON FOX BUSINESS… While the grocer’s largest investor looks for potential buyers, Amazon and Walmart, both invested in the grocery business, recently vetted FreshDirect’s financial and performance data for the third…

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Why more women are taking trucking jobs

Why more women are taking trucking jobs

More than 33 percent of class 8 trucking miles are driven empty because of a shortage of truck drivers. The number of women in the trucking industry is growing. Continue Reading Below Since 2010, the amount of female truck drivers has increased immensely — by 68 percent, according to a report in The Wall Street Journal. And equal pay for drivers, regardless of gender, is purportedly a big reason why the job has become more enticing to women….

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Mnuchin insists US reached ‘fundamental agreement’ in China trade talks

Mnuchin insists US reached ‘fundamental agreement’ in China trade talks

U.S. Secretary Treasury Steven Mnuchin is not aware of any changes surrounding President Erdogan’s visit to the White House. Treasury Secretary Steven Mnuchin on Monday insisted the U.S. and China had reached a “fundamental agreement … subject to documentation” during trade talks in Washington last week. Continue Reading Below “We made substantial progress last week in the negotiations,” Mnuchin told CNBC. “China has agreed on agriculture that they’re gonna take off tariffs on agriculture ……

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