Check out what’s clicking on FoxBusiness.com. British Airways announced Wednesday that it had flown its first-ever passenger flight to be powered directly by sustainable aviation fuel (SAF). Remaining emissions for Tuesday’s British Airways Flight 1476 flight from London Heathrow Airport to Glasgow Airport were produced by flight offset, the airline […]
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Gas supply and demand hitting prices, not ‘pandemic profiteers,’ as Biden claims
President Biden participates in an economic forum on energy and climate. Gasoline prices have been surging since President Biden came into office, and angry voters want to know why. Ticker Security Last Change Change % GAS n.a. n.a. n.a. n.a. Could it be record-breaking gasoline demand, or perhaps energy policies […]
Invesco in talks to merge with State Street’s asset-management business
Check out what’s clicking on FoxBusiness.com. Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said. A deal isn’t imminent, and the discussions might not result in an agreement, the people said. It isn’t clear what the terms of a potential […]
US to target crypto ransomware payments with sanctions
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. The Biden administration is preparing an array of actions, including sanctions, to make it harder for hackers to use digital currency to profit from ransomware […]
Pennsylvania liquor stores put 2-bottle limit on some booze
Check out what’s clicking on FoxBusiness.com. Pennsylvania‘s state-run liquor system will begin rationing sales of a few dozen products on Friday in response to what it describes as supply shortages beyond its control. The Pennsylvania Liquor Control Board notified license holders on Thursday that two-bottles-per-day purchase limits for customers at […]
Stocks mixed ahead of consumer sentiment data
Stifel chief economist Lindsey Piegza and Advisors Capital Management partner JoAnne Feeney provide insight into today’s economic and market trends and the potential impact of inflation and higher taxes. U.S. stock futures were mixed Friday as investors awaited the latest data on consumer sentiment. Dow Jones Industrial Average futures fell […]
Stock futures edge higher, European and Asian indexes rise
Stifel chief economist Lindsey Piegza and Advisors Capital Management partner JoAnne Feeney provide insight into today’s economic and market trends and the potential impact of inflation and higher taxes. U.S. stock futures crept up Friday and Asian and European equity indexes also gained. Futures on the S&P 500 rose 0.1% […]
World Bank cancels flagship ‘doing business’ report after investigation
David Malpass on finance during coronavirus The World Bank canceled a prominent report rating the business environment of the world’s countries after an investigation concluded that senior bank management pressured staff to alter data affecting the ranking of China and other nations. The leaders implicated include then World Bank Chief […]
Massachusetts fines MassMutual $4.75 million over ‘Roaring Kitty’ case
‘The Antisocial Network’ author Ben Mezrich on the revolutionary moment a Reddit group realized they had ‘an enormous amount of power’ in the stock market. A MassMutual investment subsidiary has agreed to pay $4.75 million to resolve allegations by Massachusetts securities regulators including that it failed to supervise its agents, […]
MassMutual fined for failing to monitor GameStop saga star
‘The Antisocial Network’ author Ben Mezrich on the revolutionary moment a Reddit group realized they had ‘an enormous amount of power’ in the stock market. Massachusetts regulators are fining MassMutual $4 million and ordering it to overhaul its social media policies after accusing the company of failing to supervise an employee […]