Global investor Mark Mobius on how a Trump win might impact emerging markets
Mark Morbius, chairman of the Morbius Emerging Opportunities Fund, discusses global fixed income markets on the Craman Countdown. Global investor Mark Mobius said President Trump’s reelection would likely be viewed favorably in emerging markets because it would bring a sense of “stability.” During Monday’s appearance on “The Claman Countdown,” host Liz Claman asked the Mobius […]
Heavy turbulence leaves 30 injured on flight that was forced to divert
See what’s clicking on FoxBusiness.com An Air Europa flight bound for Uruguay on Monday morning encountered “severe turbulence” and diverted to land in Brazil, injuring several passengers, the airline said. The Boeing 787 Dreamliner took off from Madrid-Barajas Airport in Madrid, Spain on Sunday evening, with its final destination being Carrasco International Airport in Montevideo, […]
Redbox DVD rental parent company files for bankruptcy
See what’s clicking on FoxBusiness.com Chicken Soup for the Soul Entertainment (CSSE) has filed for bankruptcy nearly two years after acquiring DVD rental company Redbox. CSSE, the ad-supported video-on-demand streaming service that also owns Crackle, disclosed in a Delaware filing that it owes nearly $1 billion to more than 500 creditors, including Walmart, Walgreens and […]
BCA Research issues gloomy forecast for US stock market
John Koudounis, president and CEO of Calamos Investments, said he doesn’t expect central banks to raise interest rates and that there is still “sideline” money in the market. There will likely be problems in the future US Stock MarketAccording to BCA Research. Contrary to popular belief, the economy is in a tailspin, Peter Berezin, chief […]
Biden DOJ Plans To Cut Deal With Boeing After Fatal Crashes
The Department of Justice (DOJ) plans to allow Boeing to avoid a trial if they plead guilty to fraud charges for deaths involving 737 Max jets , according to The New York Times. The DOJ is reportedly offering Boeing a deal to plead guilty to a fraud charge in order to avoid a criminal trial, […]
Central banks grew their gold reserves in 2023 as analysts see potential price surge
Paul Dietrich, chief investment strategist at B. Riley Wealth Portfolio Advisors, told “The Craman Countdown” that gold is going to do very well. Buying Gold The total amount of new interest rate hikes by global central banks in 2023 will be the second-largest on an annual basis on record, according to a June report from […]
Judge says Visa, Mastercard can likely handle swipe-fee settlement bigger than $30 billion
Financial experts talk about “serious” consequences of retail credit cards. A federal judge on Friday Card Issuers Visa and Mastercard She is likely to be able to withstand a “significantly larger” settlement with retailers who claim they overpaid swipe fees than the $30 billion settlement offer she rejected last week. U.S. District Judge Margo Brody […]
Federal prosecutors meet with Boeing, crash victims’ relatives ahead of looming charging decision: report
Former Department of Transportation official Diana Ferchtgott Ross told “The Evening Edit” that the Federal Aviation Administration is “investigating.” Federal prosecutors Aircraft manufacturer Boeing Reuters reported that the company plans to meet with families of victims of the two 737 MAX crashes in 2018 and 2019 ahead of a July 7 deadline for the Department […]
John Deere Announces Layoffs While Moving Production Abroad
John Deere announced Friday it will lay off approximately 610 workers between three of its plants in Illinois and Iowa, Fox News reported. The agricultural machinery giant is set to layoff hundreds of workers due to declining demand for its products, with all layoffs taking effect August 30, according to the outlet. The move reportedly […]
Trump, Biden debate fallout, Nike crushed, Walgreens store closings
Barron’s Roundtable panelists discuss the market impact of the CNN presidential debate, the upcoming June jobs report, and the decline of green energy stocks. Investors continue to digest the Trump-Biden dispute as the future of the White House hangs in the balance. The stock market ended a mixed quarter, but big tech stocks continue to […]