Stock Exchange Backed By BlackRock, Citadel Securities To Launch In Texas To Rival NYSE
In a bid to challenge New York’s financial dominance, the Texas Stock Exchange (TXSE) will begin operations in Dallas by 2025, The Wall Street Journal (WSJ) reported. The group has raised roughly $120 million from investors, which includes Wall Street giants BlackRock and Citadel Securities, according to the outlet. The TXSE will be fully electronic, […]
Texas Stock Exchange in the works to take on New York
Jim Bianco, president of Bianco Research, talks to “Making Money” about the relationship between bond yields and the stock market. New National Stock Exchange Based in Dallas The company plans to list in the United States as a rival to the New York Stock Exchange and Nasdaq and is backed by several major Wall Street […]
Smoke And Mirrors: NYC’s ‘Jobs Boom’ Was Really Just Taxpayer-Funded Spending Spree
New York City’s economic rebound since the COVID-19 pandemic has been fueled by health care jobs largely fueled through government funding, according to Bloomberg. The city lost a net of 14,100 private sector jobs in the last year as of March, excluding “education and health” jobs, according to Bloomberg. Home health care jobs in New […]
Dollar Tree is exploring sale of Family Dollar brand
See what’s clicking on FoxBusiness.com Discount store company Dollar Tree Announced Wednesday that The company is considering selling its struggling Family Dollar brand and has hired JPMorgan Chase to lead a review of the business. Dollar Tree said in a statement that a “formal review of strategic options” for its Family Dollar division could include […]
Major Food Franchise Pulls Dozens Of Stores Out Of Blue State As Costs Rise
Major food franchise, Rubio’s Coastal Grill, confirmed it is pulling over 40 “underperforming locations” out of California due to “rising costs” as the Democratic state implemented its new minimum wage at $20 per hour just two months ago. A spokesperson from the company stated that following a “thorough review” of their stores they have decided […]
‘My Mama Didn’t Raise A Fool’: John Kennedy Accuses Janet Yellen Of Giving Economy ‘Sugar High’ To Help Biden Win
Republican Louisiana Sen. John Kennedy accused Treasury Secretary Janet Yellen in a Tuesday hearing of striving to boost the economy by borrowing short-term, higher-interest rate debt to help President Joe Biden secure reelection. The national debt has surged to nearly $34.6 trillion under Biden, which is around $6.8 trillion more than when he took office. […]
Modi’s shock election hits India ETFs
Bob Doll, CEO and CIO of Crossmark Global, discusses whether the economy will fall into a recession on “Making Money.” Indian Prime Minister Narendra Modi looked set to retain power at the head of his ruling coalition on Tuesday, but his Hindu nationalist party lost its majority for the first time in a decade, defying […]
Stock market could plunge 10% as economy faces stagflation threat, Stifel warns
John Koudounis, president and CEO of Calamos Investments, said he doesn’t expect any central banks to raise interest rates and that there is still “sideline” money in the market. There may be problems in the future US Stock MarketAccording to analysts at Stifel. Stocks are headed for another sharp decline, with the S&P 500 index […]
Financial Regulator’s Report Could Be Massive Red Flag For Banking Industry
The government body in charge of ensuring the health of the banking industry increased the number of banks it considers at risk in the first quarter. The Federal Deposit Insurance Corporation (FDIC) increased the number of banks on its “Problem Bank List” from 52 in the fourth quarter of 2023 to 63 in the first […]
EXCLUSIVE: Vast Majority Of Small Business Owners Worried Biden’s Economy Will Force Them To Close
A large portion of small business owners are concerned about their future amid wider financial stress under President Joe Biden, according to a new poll from the Job Creators Network Foundation (JCNF) obtained exclusively by the Daily Caller News Foundation. Around 67% of small business owners were worried that current economic conditions could force them […]