Check out what’s clicking on FoxBusiness.com. U.S. equity futures were trading higher one day after the Fed signaled a tapering could begin ‘soon’ as well as projecting an interest rate hike in 2022. Stocks in this Article $34258.32 +338.48 (+1.00%) $4395.64 +41.45 (+0.95%) $14896.847191 +150.45 (+1.02%) The U.S. central bank […]
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Evergrande collapse could be ‘worse’ than Lehman for China, according to man who predicted Enron collapse
Chanos on his short positions The collapse of embattled Chinese property developer Evergrande Group could prove to be “far worse” for investors in China than a “Lehman-type situation,” according to Jim Chanos, the veteran short seller who predicted Enron’s collapse two decades ago. BEIJING UNLIKELY TO SAVE EVERGRANDE, REPORT SAYS […]
AMC CEO suggests Dogecoin could be accepted at theaters: ‘Stay tuned’
Banking sources tell FOX Business’ Charlie Gasparino potential buyers include ViacomCBS, Disney, Netflix and Comcast to bolster streaming services AMC CEO Adam Aron indicated Wednesday that the movie theater chain would explore accepting Dogecoin cryptocurrency as a form of payment after the idea drew a positive response from Twitter users. […]
Robinhood crypto wallets confirmed
Spotlight Investment Group CIO Shana Sissel discusses SEC Chairman Gary Gensler’s comments on cryptocurrency’s longevity and athletes converting their salaries into cryptocurrency. Robinhood announced Wednesday that it is rolling out a crypto wallet feature in its app, allowing customers more ease in trading digital currencies. Starting next month, the company […]
Gilgamesh Dream Tablet to be returned to Iraq
Check out what’s clicking on FoxBusiness.com. The United States will return a 3,500-year-old clay tablet that was looted from an Iraqi museum in 1991. The rare cuneiform tablet, believed to have been created during the sixteenth century B.C., includes inscriptions in Sumerian, a civilization of ancient Mesopotamia, and features a […]
Billionaire investor John Paulson’s divorce puts stock holdings at stake
Check out what’s clicking on FoxBusiness.com. Billionaire investor John Paulson’s stock portfolio is at stake in what is expected to be one of the most expensive divorces of all time. BILLIONAIRE JOHN PAULSON AND WIFE IN EPIC DIVORCE Page Six reported on Wednesday that Paulson and his wife of 21 […]
Fed Powell’s press conference, Q&A: LIVE Updates
Fed Chair Jerome Powell holds a briefing The Federal Reserve left rates unchanged at the conclusion of the September meeting but did give a fresh set of clues on tapering, inflation and when rate hikes will begin. Stock investors celebrated the outlook which detailed rate hikes could begin in 2022 […]
Toast stock surges 63% in first New York Stock Exchange trade
Wheelhouse CIO Ann Berry shares her advice for young entrepreneurs. Toast Inc. soared 63% in its opening trade on the New York Stock Exchange. Shares of the Boston-based restaurant payments firm opened for trading at $65.26 after pricing at $40 on Tuesday evening. The company had marketed its initial public […]
Airbnb CEO hints on crypto
Brian Chesky joins ‘The Claman Countdown’ to discuss the future of travel and Airbnb’s ever-changing business model. Airbnb CEO Brian Chesky is celebrating his company’s ability to be nimble in a post-COVID world, more so than traditional hotels. But will that include the home-sharing giant, at some point, accepting cryptocurrency […]
China’s Evergrande says it will make debt payment
China analyst Gordon Chang discusses financial hardships unraveling in China, arguing the debt crisis in the country is out of control. BEIJING — A Chinese real estate developer whose struggle to avoid defaulting on billions of dollars of debt has rattled global markets says it will pay interest due Thursday […]