Gold gains as Fed rate cut bets hold, growth concerns linger

Gold gains as Fed rate cut bets hold, growth concerns linger

Gold snaps 4-day win streak ahead of Fed meeting RBC Wealth Management managing director George Gero, The Price Futures Group’s Phil Flynn and T3 Trading Group’s Scott Redler on the recent decline in Gold and the Fed’s upcoming meeting. Gold firmed above $1,400 an ounce on Monday, helped by expectations the U.S. Federal Reserve would stay on course with an interest rate cut this month despite robust U.S. jobs data and as global growth concerns…

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Tesla’s Q2 delivery numbers were a major step in the right direction: Daniel Ives

Tesla’s Q2 delivery numbers were a major step in the right direction: Daniel Ives

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”…

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Lexus teases arrival of luxury yacht — 3 years after sport yacht concept release

Lexus teases arrival of luxury yacht — 3 years after sport yacht concept release

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…

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US Stocks futures cautiously lower ahead of jobs report

US Stocks futures cautiously lower ahead of jobs report

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…

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Big tobacco shifting to smokeless as smoking becomes ‘less and less’ popular 

Big tobacco shifting to smokeless as smoking becomes ‘less and less’ popular 

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…

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Pabst Blue Ribbon releases ‘Hard Coffee’ alcoholic beverage with caffeine — here’s where you can get it

Pabst Blue Ribbon releases ‘Hard Coffee’ alcoholic beverage with caffeine — here’s where you can get it

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…

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Dow, S&P 500, Nasdaq hit new records ahead of July 4th

Dow, S&P 500, Nasdaq hit new records ahead of July 4th

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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