Rep. Jodey Arrington, R-Texas, on President Biden’s first phone call with China President Xi Jinping since February. China may be stacking the chips against U.S. casino giants that do a large business in Macau, signaling a tougher operating environment in the region. Shares of Wynn Resorts are on pace for […]
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Costco killing it in market against rivals
Sen. Mike Braun on Amazon union, stimulus Customers have been flocking back to warehouse clubs in recent months at levels even surpassing pre-pandemic levels, and Costco is dominating when it comes to market share according to a new report. Foot traffic analytics firm Placer.ai ran the data, which shows Costco […]
US to give aircraft companies $482M for pandemic
CEO & Founder Kenny Dichter breaks down the private aviation space on ‘The Claman Countdown’ The Biden administration is making $482 million available to aviation industry manufacturers to help them avert job or pay cuts in the pandemic. The taxpayer-funded relief will cover up to half of the payroll costs […]
Stock futures edge higher ahead of inflation report
Hennessey Funds CIO and portfolio manager Ryan Kelley says utilities may outperform their earnings per share growth rates in the market U.S. stock futures ticked higher ahead of the latest inflation data. Dow Jones Industrial Average futures rose 25 points, or 0.07%, while S&P 500 futures and Nasdaq 100 futures […]
Bitcoin, Ethereum, Dogecoin all higher Tuesday in early trading
Check out what’s clicking on FoxBusiness.com. Bitcoin was trading 3.33% higher on Tuesday morning nearing $46,000 per coin. The price was around $45,903 per coin, while rivals Ethereum and Dogecoin were trading around $3,344 (+3.69%) and 23.7 cents (+1.45%) per coin, respectively, according to Coindesk. It was just one week […]
US stocks search for direction Tuesday morning as investors await inflation report
Check out what’s clicking on FoxBusiness.com. U.S. equity futures searched for direction early Tuesday morning as investors awaited an update on U.S. inflation that has been stronger than expected. Stocks in this Article $34869.63 +261.91 (+0.76%) $4468.73 +10.15 (+0.23%) $15105.582108 -9.91 (-0.07%) Wall Street’s benchmark S&P 500 index closed higher […]
Fox acquires celebrity news specialist TMZ from AT&T’s WarnerMedia
Check out what’s clicking on FoxBusiness.com. Fox Corp. said it has acquired celebrity news platform TMZ from AT&T Inc.’s WarnerMedia unit, as the company looks to expand in digital media and unscripted content. Terms of the deal weren’t released but TMZ is being valued at less than $50 million, people […]
GlobeNewswire blames Walmart-Litecoin fakery on ‘fraudulent user account’
Check out what’s clicking on FoxBusiness.com. GlobeNewswire, the distribution service for press releases, is blaming a fake report on a purported Walmart-Litecoin partnership on bad actors. Ticker Security Last Change Change % WMT WALMART, INC. 145.06 -0.83 -0.57% “When GlobeNewswire became aware this morning that a fraudulent user account was […]
Intuit, Turbo Tax parent, to buy Mailchimp for $12B deal
Fiserv CEO Frank Bisignano on digital payments and the reopening economy. TurboTax maker Intuit Inc. announced deal to buy email-marketing pioneer Mailchimp for about $12 billion. Ticker Security Last Change Change % INTU INTUIT, INC. 557.42 -9.96 -1.76% INTUIT IN TALKS TO BUY MAILCHIMP FOR OVER $10B: REPORT The cash-and-stock […]
Biden tax hikes bigger threat to stock market than slowing economy: Goldman Sachs
Sen. Tommy Tuberville, R-Ala, on Sen. Joe Manchin and spending negotiations. President Biden‘s ability to win new tax hikes will dictate the future of the stock market, according to Goldman Sachs. The firm estimates that raising the domestic statutory tax rate to 25% and passage of about half of the […]