Crypto firm Flowdesk hires former NYSE counsel as it looks to build US presence
Edisonalpha Founder and CEO Shervin Pishevar discusses his support for Trump-Vance’s push to “rebuild America 2.0” and the recent rise in military tensions in the Middle East. A little-known digital asset trading firm has appointed a legal veteran as its new head of compliance as it tries to navigate the vast, murky waters of U.S. […]
UPS misses quarterly estimates on high labor costs, weak small-package demand
Gargi Chaudhuri, Chief Investment and Portfolio Strategist at BlackRock, discusses the value rally and earnings growth potential of small-cap stocks on “The Craman Countdown.” United Parcel Service Inc. on Tuesday reported second-quarter profit that fell short of Wall Street expectations, due to weak demand for package deliveries and higher costs caused by the Teamsters labor […]
Coca-Cola raises annual sales, profit forecasts on steady demand
Gargi Chaudhuri, Chief Investment and Portfolio Strategist at BlackRock, discusses the value rally and earnings growth potential of small-cap stocks on “The Craman Countdown.” Coca-Cola on Tuesday raised its full-year organic sales and profit outlook, signaling that consumers, mainly in international markets, are willing to spend more for the company’s higher-priced sodas, energy drinks and […]
Tesla’s Cybertruck, Elon Musk | Fox Business
Stephen Gengaro, a managing director at Stifel, said there are “multiple layers” to Tesla and its valuation. If you’ve noticed more and more Tesla Cybertrucks being seen, you’re not alone. The electric vehicle maker led by Elon Musk sold 11,558 of its futuristic trucks in the U.S. in the first half of the year, up […]
GM, Ford may see profit hit amid cooling EV demand, US dealer software problems
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. General Motors Co and Ford Co could report lower profits in quarterly results this week as the industry’s big bet on electric vehicles fails to pay off and a cyberattack on a critical computer […]
McDonald’s $5 meal deal to run longer: report
McDonald’s U.S. President Joe Erlinger appeared on the “Today” show on Tuesday to discuss the company’s proposed $5 meal plan as a response to rising fast-food prices. McDonald’s limited-time $5 meal set will be available at most locations for four weeks or more. While it was originally scheduled to last about a month, the majority […]
Boeing ‘fighting through challenges’ that have delayed new Air Force One planes
BofA Senior Aerospace and Defense Analyst Ron Epstein discusses on The Big Money Show whether it’s time to separate Boeing’s civilian and defense businesses. The head of aerospace giant Boeing’s defense division said Sunday the company is still battling problems that are delaying construction of two new aircraft. Air Force One The presidential plane. Boeing […]
Remington’s ammunition arm losing support from shareholders of sale to foreign company
See what’s clicking on FoxBusiness.com Gates Capital Management, Vista Outdoor’s second-largest shareholder, announced that it was opposing the $2.1 billion sale of Kinetic Group to foreign-based Czechoslovak Group (CSG), preferring an all-cash takeover bid. Vista was expected to approve its sale to ammunition company CSG after the Committee on Foreign Investment in the country approved […]
Court Ordered To Reconsider Biden Admin Green Investing Rule Following Landmark Supreme Court Ruling
A federal appeals court ordered a judge on Thursday to reconsider blocking a Biden administration rule that allows environmental, social and governance (ESG) investing in employee retirement plans following a landmark Supreme Court ruling. The Fifth Circuit Court of Appeals ruled that a Texas judge must reconsider a decision upholding a Department of Labor rule, […]
Trump, Vance, RNC, stocks | Fox Business
Heritage Foundation economist Steve Moore responded to President Trump’s latest pledges to cut taxes and end inflation during his “Cavuto: Coast to Coast” speech at the Republican National Convention. American CEOs have expressed shock at the assassination attempt on former President Trump. Despite the heinous act, Trump moved on and attended the Republican National Convention […]