Traeger CEO Jeremy Andrus on the grilling brand’s goals and how to attract new BBQ consumers. Robinhood Markets Inc.‘s initial public offering might have disappointed some, but it handed co-founders Vlad Tenev and Baiju Bhatt a combined $4.6 billion net worth between them. The firm’s stock started out at $38 […]
FOX News
Amazon beats on earnings, falls short on sales estimates
Evercore ISI senior managing director Mark Mahaney on his outlook for Big Tech earnings and price targets. Amazon beat investors’ expectations on earnings per share but came up short on Wall Street’s revenue estimates in its earnings report released following the closing bell on Thursday. The e-commerce and tech giant […]
Most expensive cities for construction in 2021: report
Matthew Messer, the owner of New York Solar Maintenance, says he’s still not getting applicants even though he has been increasing wages. The coronavirus pandemic and global lockdowns has driven up construction costs around the world due to increased demand and constrained supply, according to a new report. Real estate […]
Interactive Brokers CEO welcomes Robinhood to big leagues
Draper Associates founding partner and early Robinhood trader Tim Draper discusses the trading app’s IPO and bitcoin, arguing the cryptocurrency represents ‘freedom and trust.’ Interactive Brokers CEO Thomas Peterffy started his firm in 1977 and while he is happy to see more competition in the marketplace, he’s not worried about […]
Brace for Higher Prices for Ice Cream, Beer and Bottled Water
Check out what’s clicking on FoxBusiness.com. The makers of some of the world’s bestselling food and drink brands warned they would keep raising prices as they grapple with the strongest inflation in years. Nestlé, Diageo, Anheuser-Busch InBev, and Danone all said Thursday that sales were rising as key markets rebound […]
IPO market nears peak as valuations hit 20-year high
FOX Business’ Charlie Gasparino on what to expect from Robinhood’s upcoming IPO and why its business model is causing concerns. Low interest rates and hefty returns have driven record demand for IPOs, but with valuations for newly public companies now at levels last seen during the dot-com bubble, some analysts […]
Hard liquor can take the edge off inflation
Check out what’s clicking on FoxBusiness.com. Liquor companies are taking inflation in their stride. A push into premium brands, coupled with the fact that more drinkers are switching to spirits from beer in key markets, should help maintain their edge. Johnnie Walker distiller Diageo, Budweiser brewer Anheuser-Busch InBev and Swiss […]
Robinhood stock drops in IPO debut
FOX Business’ Charlie Gasparino on what to expect from Robinhood’s upcoming IPO and why its business model is causing concerns. Robinhood Markets Inc.’s IPO was greeted with a lukewarm response as shares fell over 10% in the first few minutes of trading on the Nasdaq Stock Market under the ticker […]
Didi Global considers going private to ease tensions with Chinese authorities amid crackdowns
Check out what’s clicking on FoxBusiness.com. Ride-hailing giant Didi Global Inc. is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S. in late June, according to people familiar with the matter. Ticker Security Last Change Change […]
Nikola founder Trevor Milton indicted on 3 fraud charges
Andrew Left on Nikola, Trevor Milton Nikola Corp. founder Trevor Milton has been indicted on two counts of securities fraud and one count of wire fraud by the Manhattan U.S. Attorney’s Office for allegedly misleading investors in the electric truck company. Milton stepped down as executive chairman of the startup […]