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 […]
FOX News
If Nevada had a pipeline, fuel shortage would be nil
FOX Business’ Jeff Flock speaks with Western Michigan College of Aviation Dean Dave Powell on the need for qualified pilots as air travel resumes. Airline travel is coming back in a big way and, while Nevada’s second-largest airport, Reno-Tahoe International, is warning of fuel shortages, it has little to do […]
Stock futures mixed with GDP, Robinhood IPO on tap
Grant’s Interest Rate Observer founder and editor Jim Grant comments on Jerome Powell’s decision on rates. U.S. stock futures were mixed ahead of the release of second-quarter gross domestic product. Dow Jones Industrial Average futures rose 121 points, or 0.35%, while S&P 500 futures ticked up 0.14% and Nasdaq 100 […]
AB InBev exceeds pre-pandemic revenue but profit underwhelms
Check out what’s clicking on FoxBusiness.com. Anheuser-Busch InBev, the world’s largest brewer, underwhelmed on profit as costs increased and despite driving second-quarter revenue to above pre-pandemic levels. The brewer reported lower core profits in its two biggest markets, the United States and Brazil, as cans and distribution became more expensive. […]
Bitcoin price hovers around $40,000
Sen. Cynthia Lummis, R-Wyo., on the Senate Banking Committee’s hearing on cryptocurrency regulation and risks. Bitcoin is slightly higher Thursday morning, trading just below the $40,000 level. The price was around $39,800 per coin, while rivals Ethereum and Dogecoin were trading around $2,290 and 20 cents per coin, respectively, according […]
Stock futures trade higher ahead of GDP report
UBS Global Wealth Management head David Lefkowitz argues there will be further gains ahead for the bull market. U.S. equity futures are pointing to gains ahead of the report on second quarter growth. The major futures indexes suggest a gain of 0.2% when the opening bell rings on Wall Street. […]
Emergent to resume J&J COVID-19 vaccine production at Baltimore plant
Check out what’s clicking on FoxBusiness.com. Emergent Biosolutions said on Wednesday it would resume production of Johnson & Johnson’s COVID-19 vaccine at its troubled Baltimore facility, where operations were stopped in April after millions of doses were found to be contaminated. “We are proud to be resuming production of bulk […]
Robinhood prices IPO at $38 per share raising $2B
Check out what’s clicking on FoxBusiness.com. Robinhood Markets Inc. will begin trading as a public company on Thursday following the pricing of its initial public offering. The company says it priced 55 million shares at $38 a share, which comes in at the low end of the $38 to $42 […]
After Robinhood’s IPO, twist to business model may come
FOX Business’ Charlie Gasparino on what to expect from Robinhood’s upcoming IPO and why its business model is causing concerns. As Wall Street gears up for Robinhood’s highly-anticipated foray onto the open market, the company has quietly been laying the groundwork to become a standalone market maker, FOX Business has […]
Ford cruises by chip shortage, boosts outlook
FOX Business’ Grady Trimble speaks with Ford exec Darren Palmer on electric car models at the Chicago Auto Show. Ford Motor Co. revved up surprise second-quarter profits this year – powered by climbing pickup and SUV prices even as a global computer chip shortage forced it to pump the brakes […]