Romance Writers of America files for bankruptcy amid racism spat
See what’s clicking on FoxBusiness.com Hang up the ripped bodice, tell Fabio the bad news, and call the lawyers: The National Association of Romance Writers of America, a nonprofit that helps romance authors build their careers, is heading to bankruptcy court. Like many romantic troubles, the trouble started at a hotel — specifically, the hotel […]
Pfizer sees lung cancer drug topping $1 billion in sales following impressive 5-year data
Pfizer Chairman and CEO Albert Bourla breaks down the company’s earnings on The Claman Countdown. Pfizer said it expects annual sales of its cancer drug Lorbrena to exceed $1 billion by 2030, after data released Friday showed the majority of patients treated for a rare form of advanced lung cancer were still alive five years […]
Trump’s conviction, stocks May rally, oil merger mania, Costco’s update
Kenny Polcari, chief market strategist at SlateStone Wealth, joins “Varney & Co.” to discuss whether a guilty verdict for President Trump would have a long-term impact on the markets. – Former President Trump’s historic conviction -Stock prices end May on a positive note -The Fed’s favorite inflation indicator is released -Oil industry merger boom accelerates […]
Fed’s Favorite Inflation Gauge Shows High Prices Aren’t Going Anywhere Soon
The Federal Reserve’s preferred inflation gauge failed to budge in April, the Bureau of Economic Analysis (BEA) announced in a report on Friday. The personal consumption expenditures (PCE) price index grew by 0.3% in April, totaling 2.7% for the year, matching the increase seen in the previous month, according to the BEA. The PCE price index, […]
There’s An Overlooked Way Biden’s Economy Is Taking An Axe To Americans’ Retirement Accounts
Government pensions that invested in commercial real estate are being hit hard by the ongoing crisis in the sector, which is threatening average Americans’ retirement plans, The Wall Street Journal reported Friday. Large U.S. public pensions lost 6% in the last 12 months on real estate investments, the largest loss since the COVID-19 pandemic, according […]
Bill Ackman eyes IPO of Pershing Square
See what’s clicking on FoxBusiness.com Bill Ackman plans to take his investment firm public as soon as next year, the hedge fund manager’s boldest move yet to leverage his social media fame. Ahead of the IPO, Ackman plans to sell shares in Pershing Square to investors in a deal that could value the company at […]
Costco revenue beats estimates as cash-strapped consumers look for deals on groceries, discretionary items
Costco gold buyer Blaine Silverman explains why he jumped on the frenzy and why investors should consider buying into the precious metal. Costco Wholesale Inc. on Thursday reported better-than-expected third-quarter sales as cash-strapped consumers flocked to the company’s warehouses for low-priced groceries and discretionary items. The membership retailer credited solid demand for grocery and bakery […]
US’ Economic Growth In First Quarter Was Even Worse Than Previously Thought
The U.S. economy grew less than previously thought in the first quarter of 2024 amid a slowdown in consumer spending, the Bureau of Economic Analysis (BEA) announced Thursday. Gross domestic product (GDP) was revised down in the first quarter from 1.6% to 1.3% year-over-year in a sign that the economy is not as strong as […]
Disney, stock, Iger, Peltz | Fox Business
Rich Greenfield, a partner at LightShed Ventures, spoke about Disney’s stock price performance on “The Craman Countdown,” saying the industry is under pressure due to changing consumer behavior. Disney Investors The company appeared calm after it was reported that activist investor Nelson Peltz had withdrawn. of stocks Media conglomerate The stock rose on Thursday amid […]
EXCLUSIVE: New Report Details Just How Much Regulations Under Biden Have Cost Average Americans
The Biden administration has set in motion a wave of new regulations that have already cost the U.S. more than $1 trillion, which equates to thousands of dollars per family, according to a new report from the Job Creators Network. There have been $1.6 trillion in costs imposed from a total of 923 new federal […]