Check out what’s clicking on FoxBusiness.com. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. Ticker Security Last Change Change % WMT WALMART, INC. 145.06 -0.83 -0.57% “When GlobeNewswire became aware this morning that a fraudulent user account was […]
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Intuit, Turbo Tax parent, to buy Mailchimp for $12B deal
Fiserv CEO Frank Bisignano on digital payments and the reopening economy. TurboTax maker Intuit Inc. announced deal to buy email-marketing pioneer Mailchimp for about $12 billion. Ticker Security Last Change Change % INTU INTUIT, INC. 557.42 -9.96 -1.76% INTUIT IN TALKS TO BUY MAILCHIMP FOR OVER $10B: REPORT The cash-and-stock […]
Biden tax hikes bigger threat to stock market than slowing economy: Goldman Sachs
Sen. Tommy Tuberville, R-Ala, on Sen. Joe Manchin and spending negotiations. President Biden‘s ability to win new tax hikes will dictate the future of the stock market, according to Goldman Sachs. The firm estimates that raising the domestic statutory tax rate to 25% and passage of about half of the […]
Litecoin tumbles on fake Walmart press release
Grayscale Investments CEO Michael Sonnenshein provides insight into the value of cryptocurrencies like Bitcoin and potential regulations on digital currencies. Walmart and crypto investors were hit with fake news on Monday. A press release, distributed by GlobeNewswire, touted the retail giant’s alledged new payment option with Litecoin that turned out […]
TransUnion buys Neustar for $3.1B to expand into digital marketing
Check out what’s clicking on FoxBusiness.com. Sept 13 – TransUnion said on Monday it would buy information services company Neustar for $3.1 billion in cash, helping the credit reporting agency expand into the digital marketing and fraud prevention spaces. Neustar will be bought from an investment group led by Golden […]
Companies tied to Chinese exile Guo Wengui to pay $539 million to settle SEC action
Check out what’s clicking on FoxBusiness.com. Three media companies tied to exiled Chinese businessman Guo Wengui have agreed to pay $539 million to settle regulatory claims they violated investor-protection laws when they raised money from over 5,000 investors. The announcement resolves an investigation that targeted a sale of stock and […]
ETFs to help you save for a home, vacation
CFRA chief investment strategist Sam Stovall shares market picks for all investors. For those looking for investment vehicles tailored to aim at a specific goal, there’s a new family of exchange-traded funds that have been designed to meet such needs. LifeGoal Investments has rolled out ETFs tailored to folks’ desires, […]
Stocks look to snap 5-day losing streak
Phil Orlando, Federated Hermes chief equity market strategist, discusses futures going into the week and provides analysis of Democrats’ proposed corporate tax rate. U.S. stock futures rallied Monday morning, putting the Dow Jones Industrial Average and the S&P 500 on track to snap their five-day losing streaks. Dow Jones Industrial […]
Natural gas prices, supply signal expensive winter heating bills
Sen. John Barrasso argued President Biden’s approach to U.S. energy is ‘astonishing.’ With tropical storm Nicholas on the horizon and the aftermath of Hurricane Ida still impacting gasoline prices, natural gas futures are hovering near a seven-year high and supplies are dwindling. That means the U.S. could see the highest […]
World shares meander after Wall St ends with weekly loss
Barron’s Top Three discusses weekly economic forecasts on ‘Barron’s Roundtable’ World shares and U.S. futures were mostly higher Monday, bouncing back from losses last week on Wall Street. Stocks rose in London, Paris, Tokyo, and Shanghai but fell in Hong Kong, where a Financial Times report that Chinese regulators want […]