Check out what’s clicking on FoxBusiness.com. A Maryland seafood company and its owner entered guilty pleas Wednesday after being accused of employing at least 89 illegal immigrants and engaging in visa fraud, according to reports. Some of the employees had no legal status at all in the U.S., including some […]
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Dalio says if Bitcoin gets too big regulators will kill it
Bitcoin Foundation chairman Brock Pierce addresses global growth in the crypto market. Ray Dalio, the billionaire founder of Bridgewater Associates, splashed cold water on Bitcoin Wednesday, and said if the cryptocurrency ever gets too big, regulators will “kill it.” “I think at the end of the day, if it’s really […]
Wall Street hikes expectations for size of Biden’s spending package
‘The Watchdog on Wall Street’ radio show host Chris Markowski, CFRA chief investment strategist Sam Stovall and Optimal Capital director of strategy Frances Newton Stacy on the markets. Wall Street money managers are upping their expectations regarding the size of President Biden’s infrastructure package, according to a survey conducted by […]
Roger Federer-backed On Running IPO on tap
Check out what’s clicking on FoxBusiness.com. The Swiss running brand backed by tennis champion Roger Federer, On, will go public Wednesday on the New York Stock Exchange. The company’s valuation is projected to be around $6.5 billion, after pricing shares at $24, the high end of the $18-$24 expected range […]
Stock futures mixed as Fed tapering, tax concerns weigh
Commonwealth Financial Network CIO Brad McMillan analyzes consumer confidence amid inflation fears. U.S. stock futures pointed to a mixed open as investors remained wary of the Federal Reserve’s tapering schedule and tax hikes. Dow Jones Industrial Average futures slipped 26 points, or 0.08%, while S&P 500 futures and Nasdaq 100 […]
Aluminum prices soar in new construction headache
Tri Pointe Homes CEO Doug Bauer comments on the drop in new home sales across the nation. Soaring aluminum prices are the latest worry for a construction industry that has been grappling with higher materials and labor costs as the U.S. economy emerges from the pandemic The three-month offer price […]
Bitcoin above $47,000 level; Ethereum, Dogecoin higher as well
Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 2.53% higher on Wednesday morning, shattering the $47,000 mark. The price was around $47,120 per coin, while rivals Ethereum and Dogecoin were trading around $3,400 (+1.79%) and 24.2 cents (+1.46%) per coin, respectively, according to Coindesk. Since last week – when […]
US stocks trading slightly higher hours before Wednesday’s opening bell
Check out what’s clicking on FoxBusiness.com. U.S. equity futures traded slightly higher early Wednesday as stocks continued their recent pullback even after fresh data showed that inflation climbed at a slower pace than economists expected in August. Stocks in this Article $34577.57 -292.06 (-0.84%) $4443.05 -25.68 (-0.57%) $15037.75873 -67.82 (-0.45%) On Wall […]
Dogecoin copycats? Trademark fight erupts over joke crypto worth billions
Bitcoin investor Nikki Beesetti on how the average retail investor can profit off cryptocurrency. A dogfight is breaking out over who has claim to the dogecoin name. DOGECOIN: WHAT’S BEHIND THE SURGE? Dogecoin is a digital currency made famous for its satire of the cryptocurrency universe. Originally designed as a joke […]
Chevron commits $10 billion to low-carbon projects
UBS managing director and senior portfolio manager Jason Katz provides insight into climate change worries and today’s markets. Energy giant Chevron unveiled plans Tuesday to invest $10 billion in low-carbon business initiatives through 2028 amid mounting pressure on producers to adopt climate-friendly practices. The $10 billion investment marked a threefold […]