Check out what’s clicking on FoxBusiness.com. JPMorgan Chase & Co will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters. While the holiday falls on a weekend, employees can coordinate with managers for a paid day […]
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El Salvador to keep dollar as legal tender, seeks World Bank help with bitcoin
BlockTower Capital CEO Matthew Goetz shares his outlook for crypto market movement. SAN SALVADOR, June 16 (Reuters) – El Salvador will not replace the U.S. dollar with bitcoin as the legal tender, Finance Minister Alejandro Zelaya said on Wednesday, as the Central American nation sought technical assistance from the World […]
Fed expected to signal start of monetary policy shift debate
Check out what’s clicking on FoxBusiness.com. Federal Reserve officials on Wednesday are expected to at least flag the pending start of talks about when and how to exit from the crisis-era policies the U.S. central bank put in place at the onset of the coronavirus pandemic last year. With U.S. […]
GM to boost spending on electric vehicles 30%, add two new battery plants – sources
Check out what’s clicking on FoxBusiness.com. General Motors Co will boost global spending on electric and autonomous vehicles to $35 billion through 2025, a 30% jump over its most recent forecast as it pursues EV leadership, people briefed on the matter told Reuters. As part of that spending, the No. […]
Bitcoin tops $40,000 after Musk says Tesla could use it again
Decrypt Media editor-in-chief Daniel Roberts on Bitcoin, Dogecoin and Elon Musk’s impact on cryptocurrencies. Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume […]
AMC jumps more than 18%, other ‘meme stocks’ mixed
‘Trey’s Trade’s’ YouTube host Trey Collins discusses meme stocks and the financial media’s perception of retail investors. Shares of AMC Entertainment Holdings (AMC.N) shot higher on Monday, setting the stage for another week of roller-coaster trading in shares of the theater chain operator and other retail investor favorites. AMC’s shares were recently […]
Shell weighs blockbuster sale of Texas shale assets
Maglan Capital President David Tawil discusses the state of the oil industry LONDON/NEW YORK – Royal Dutch Shell is reviewing its holdings in the largest U.S. oil field for a potential sale, people familiar with the matter told Reuters, marking a key moment in its shift away from fossil fuels […]
Toshiba’s No.2 shareholder calls for immediate resignation of board chair, 3 directors
Check out what’s clicking on FoxBusiness.com. Toshiba Corp’s second-biggest shareholder on Sunday demanded the board chairman and three other directors resign immediately after an investigation found the company had colluded with the Japanese government to pressure foreign investors. The letter, sent to the four on Sunday according to a person […]
Bid of $28 million wins a rocket trip to space with Bezos
Theoretical physicist and author Michio Kaku on Jeff Bezos and space tourism. A seat on a spaceship ride with billionaire Jeff Bezos went for $28 million during a live auction on Saturday, concluding the month-long bidding process for the sightseeing trip on the Blue Origin’s maiden voyage next month. Within […]
China’s Uber-like service eyes blockbuster IPO
Check out what’s clicking on FoxBusiness.com. Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a U.S. stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year. The company – backed by Asia’s largest technology investment […]