Potomac Wealth Advisors founder and president Mark Avallone argues the underlying economy is strong enough to handle a ‘slight’ interest rate hike. U.S. stock futures rallied Wednesday morning as China’s Evergrande reached a bond payment agreement and investors looked ahead to the Federal Reserve’s latest policy decision. Dow Jones Industrial […]
FOX News
Cryptocurrency market trending lower as bitcoin straddles $42,000
Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 2.29% lower on Wednesday morning. The price was around $42,200 per coin, while Ethereum dipped below $3,000 per coin, trading at $2,911 (-4.91%) and Dogecoin stood at 20.9 cents (-0.52%) per coin, respectively, according to Coindesk. As recently as Sept. 18, […]
US stocks higher as investors await Fed policy meeting, possible reining in of low interest rates
Check out what’s clicking on FoxBusiness.com. U.S. equity futures were trading higher early Wednesday as investors await a Fed policy meeting later in the day where Fed governors may signal when they will begin reining in ultra-low interest rates policies. Stocks in this Article $33919.84 -50.63 (-0.15%) $4354.19 -3.54 (-0.08%) […]
Salesforce rival Freshworks raises $1.03B in US IPO, valued at $10.13B
Check out what’s clicking on FoxBusiness.com. NEW YORK – Business software firm Freshworks said it had priced its U.S. initial public offering well above the target range to raise $1.03 billion, valuing the Salesforce.com rival at $10.13 billion as hybrid work fuels demand for its products. Stocks in this Article […]
FedEx say staffing problems crimped earnings in first quarter
Check out what’s clicking on FoxBusiness.com. The FedEx chief operating officer on Tuesday blamed staffing problems after reporting a 7% drop in quarterly profit and said the “constrained labor market” is the biggest issue facing the company. Raj Subramaniam, the executive, used its distribution hub in Portland as an example […]
Evergrande unit to make $35.9M onshore coupon payment on Sept 23
Check out what’s clicking on FoxBusiness.com. SHANGHAI – China Evergrande Group’s main unit said on Wednesday that it would make a bond interest payment on Sept. 23, offering some relief to global markets on edge over a possible default by China’s No. 2 property developer. BEIJING UNLIKELY TO SAVE EVERGRANDE, […]
SEC’s Gensler doesn’t see cryptocurrencies lasting long
Prochain Capital President David Tawil discusses SEC Chairman Gary Gensler’s cryptocurrency policy and the City of Miami accepting $5 million in funds from city-specific crypto. Securities and Exchange Commission Chair Gary Gensler said Tuesday he doesn’t see much long-term viability for cryptocurrencies, underscoring the importance of protecting investors in the […]
JetBlue, American Airlines blast DOJ over lawsuit challenging Northeast partnership
Rick Scott on JetBlue, border JetBlue and American Airlines pledged to forge ahead with their planned partnership at northeastern U.S. airports after the Justice Department filed an antitrust lawsuit to block the deal. Executives fired back after the DOJ joined with attorneys general in six states in an effort to […]
AMC CEO pulses retail investors on Dogecoin
AMC Entertainment CEO and President Adam Aron on making a comeback amid vaccination efforts, Nicole Kidman starring in the newly-released AMC ad campaign and a potential relationship with GameStop. In between running the nation’s largest theater chain, AMC CEO Adam Aron is also taking the pulse of his Twitter followers […]
Homebuilders join chorus of supply chain warnings
National Association of Home Builders CEO Jerry Howard says organic housing demand could causing pricing problems. America’s largest homebuilders are warning that supply chain disruptions caused by COVID-19 are not going away anytime soon. Both D.R. Horton Inc. and Lennar Corp., the two biggest U.S. homebuilders by market capitalization, said […]