Profits from some Bitcoin investments are helping to revive and repurpose former coal mine locations. FOX Business’ Lauren Simonetti with more. KoBold Metals, a mineral exploration company backed by billionaire investors including Microsoft co-founder Bill Gates, former Amazon CEO Jeff Bezos, former New York City mayor Mike Bloomberg and Bridgewater […]
FOX Business News
Canadian Pacific raises offer for US railroad operator Kansas City Southern
Hodges Capital Management founder Craig Hodges on his outlook for the market amid inflationary pressures and labor shortages. The bidding war for Kansas City Southern is heating up after Canadian Pacific Railway Ltd. raised its offer for the U.S. railroad operator. The new proposal, which raises the price tag by […]
Stocks tread higher before Senate vote on $1T infrastructure bill
FOX Business’ Stuart Varney and Susan Li on Monday’s markets, earnings, health care stocks and cryptocurrencies. U.S. stock indexes ticked higher Tuesday morning as the Senate readied to vote on a $1 trillion infrastructure bill. The Dow Jones Industrial Average rose 12 points, or 0.04%, while the S&P 500 index […]
HotelPlanner, Reservations.com near deal to merge and go public
Check out what’s clicking on FoxBusiness.com. HotelPlanner and Reservations.com are nearing a deal to merge and go public through a special-purpose acquisition company, people familiar with the matter said. Stocks in this Article ASAX ASTREA ACQUISITION CORP. $9.70 -0.02 (-0.21%) The combined online travel-booking firm, which would still be called […]
US stocks mixed after investors remain jittery about COVID-19
Check out what’s clicking on FoxBusiness.com. U.S. equity futures were trading mixed ahead of Tuesday’s opening bell on Wall Street as the Dow and S&P retreated Monday when a tumble in oil prices signaled investor unease about the COVID-19 pandemic and the strength of the economic recovery. Stocks in this […]
Canadian Pacific plans new, higher bid for Kansas City Southern
Check out what’s clicking on FoxBusiness.com. Canadian Pacific Railway Ltd. is planning to make a new, increased offer for Kansas City Southern, according to people familiar with the matter, reigniting a takeover battle with Canadian National Railway Co. for the coveted U.S. railroad. Canadian Pacific’s board of directors met Monday […]
Betting website DraftKings buys Golden Nugget Online
Check out what’s clicking on FoxBusiness.com. Sports betting website DraftKings Inc. is buying the online gambling subsidiary of Golden Nugget Inc. in a stock deal valued at $1.56 billion, the two companies said Monday. The acquisition of Golden Nugget Online Gaming gives Boston-based DraftKings a well-known brand in the casino […]
Early Lordstown Motors investor Workhorse Group sold most of stake in startup
Check out what’s clicking on FoxBusiness.com. Electric delivery truck maker Workhorse Group Inc. said Monday it sold down much of its stake in Lordstown Motors Corp. this summer, reducing its equity position in the embattled Ohio-based startup. Workhorse, in a company filing, said it had sold 11.9 million shares in […]
AMC CEO touts ‘transformational’ quarter, will offer movie tickets for Bitcoin
Investing YouTuber Kenan Grace discusses AMC earnings and Wealth Enhancement SVP Nicole Webb discusses summer earnings on ‘Making Money’ AMC Entertainment chairman and CEO Adam Aron said the movie-chain-turned-meme-stock had a “transformational” second quarter after raising $1.25 billion in fresh capital, boosting its total liquidity to a record high of […]
Tesla to mandate masks at Nevada factory as COVID-19 cases mount
Strategic Wealth Partners Luke Lloyd discusses Tesla stock on ‘Making Money’ Elon Musk’s electric car company Tesla has told workers at its massive Nevada battery factory that they must wear masks indoors regardless of whether or not they’ve been vaccinated against COVID-19. Unvaccinated workers at the Reno-area plant were previously […]