Annandale Capital Founder & Chairman George Seay calls oil and gas the ‘essential fuel’ for the economy on ‘The Claman Countdown’ Even with stocks skidding to their worst day in four months, energy remains the top-performing sector in the market. Shares of oil-and-gas companies tumbled 3% on Monday amid a […]
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GM says production starts on replacement batteries for Bolts
Gary Gastelu on GM, electric vehicles General Motors said Monday that production has resumed for battery modules used in recalled Chevrolet Bolt electric vehicles, and customers could start getting replacement parts by mid-October. Stocks in this Article $n.a. n.a. (n.a.) GM BOOSTING ELECTRIC AND AUTONOMOUS VEHICLE SPENDING TO $35 BILLION, […]
SEC vs. Ripple case could establish limit on agency’s future involvement in crypto regulation: sources
Sources tell FOX Business’ Charlie Gasparino that litigation between the SEC and Ripple could be catalyst for establishing a regulatory crypto framework. A seemingly esoteric legal battle involving the Securities and Exchange Commission and fintech startup Ripple Labs could provide clarity on how much authority the SEC has over regulating […]
FedEx, UPS rate rises are making online shopping more expensive
Check out what’s clicking on FoxBusiness.com. Shipping rates are going up faster than they have in nearly a decade, increasing pressure on merchants to raise prices or find other ways to offset higher costs. FedEx Corp. on Monday said shipping rates would go up an average of 5.9% next year […]
SEC investigating Activision Blizzard over workplace practices, disclosures
Check out what’s clicking on FoxBusiness.com. Federal securities regulators have launched a wide-ranging investigation into Activision Blizzard Inc., including how the videogame-publishing giant handled employees’ allegations of sexual misconduct and workplace discrimination, according to people familiar with the investigation and documents viewed by The Wall Street Journal. Ticker Security Last […]
Krispy Kreme being added to Russell 2000
Hodges Funds CEO and portfolio manager Craig Hodges shares his market picks. Donut chain Krispy Kreme announced Monday that the company was being added to the Russell 2000 that day as part of the planned third quarter initial public offering additions to FTSE Russell’s U.S. indexes. Following the noon announcement, […]
Bill Gates eyes ‘clean energy transition’ in $1B partnership with corporate giants
Microsoft co-founder Bill Gates provides insight into the causes of the energy crisis in Texas on ‘Fox News Sunday.’ Billionaire Bill Gates’ nonprofit Breakthrough Energy has secured investments from seven corporate giants to develop clean energy technology, the organization announced on Monday. The seven firms – American Airlines, ArcelorMittal, Bank […]
Twitter to pay $809.5M to settle securities suit
FOX Business’ Lydia Hu gives details on the Taliban’s use of Twitter. Twitter Inc. said it agreed to pay more than $800 million to settle a consolidated class-action securities lawsuit alleging the social-media company deliberately misled investors about user engagement in 2015. BIDEN RECRUITS DISNEY, MICROSOFT CEOS TO PUSH COVID-19 VACCINE […]
Stocks could drop 20% or more: Morgan Stanley
UBS Managing Director and Senior Portfolio Manager Jason Katz discusses Evergrande’s debt crisis, U.S. debt ceiling and the market selloff. The chances of a 20% or greater pullback in the S&P 500 are becoming more likely, according to Morgan Stanley. Strategists at the firm say there is growing evidence that […]
White House monitoring China’s Evergrande
UBS Managing Director and Senior Portfolio Manager Jason Katz discusses Evergrande’s debt crisis, U.S. debt ceiling and the market selloff. The state of Chinese lender Evergrande is roiling U.S. financial markets in what is one of the worst sessions for stocks since July. Ticker Security Last Change Change % I:DJI […]