Blackstone to become majority owner of Jersey Mike’s
See what's being clicked on FoxBusiness.com. Blackstone announced Tuesday that it will acquire sandwich chain Jersey Mike's Subs. The asset management company said majority ownership would be purchased by a “state-of-the-art flagship private equity vehicle” and other funds it manages. Blackstone aims to complete the acquisition early next year. The deal values the company at […]
Commodities are a good option right now for investors
Jeff Sica of Circle Squared Alternative Investments expects market indicators to turn positive following Trump's election victory. With higher inflation potentially looming under the Trump administration and the unpopular asset class underperforming stocks for the second year in a row, it may be time to scoop up commodities. The main index, the Bloomberg Commodities Index, […]
Millennium, Capula, Tudor pile bitcoin ETFs into portfolios
Erin Gibbs, chief investment officer at Main Street Asset Management, discusses whether the U.S. dollar is at risk of losing its status as the world's reserve currency on “Making Money.” Hedge funds including Millennium Management, Capra Management and Tudor Investments increased their exposure to U.S. spot Bitcoin exchange-traded funds (ETFs) in the third quarter amid […]
Tesla stock jumps 8% on report Trump plans to ease regulations around self-driving cars
Automotive expert Lauren Fix joins “Kabuto: Coast to Coast” to discuss the impact of President Trump's victory on Tesla's soaring stock price. Tesla shares soared more than 8% on Monday morning, but pared losses in the early afternoon after reports over the weekend that President-elect Trump's transition team was considering loosening regulations around self-driving cars. […]
Spirit Airlines files for Chapter 11 bankruptcy protection
The 6-year-old boy landed in Orlando, Florida, instead of in Fort Myers, where his grandmother lives. Spirit Airlines announced Monday that it has filed for Chapter 11 bankruptcy protection due to significant financial difficulties due to mounting losses and maturing debt. The filing comes after two failed mergers within two years. The recent mergers with […]
‘He Has The Political Mandate’: Companies Scramble To Respond To Trump’s ‘Beautiful’ Tariff Hikes
Companies are scrambling to respond to President-elect Donald Trump’s “beautiful” tariff proposals that his administration may seek to enact early in his second term. Proactive steps that companies are taking to evade anticipated price increases include stockpiling inventory in U.S. warehouses and weighing whether they need to completely eliminate China from their supply chains and […]
Trump builds team, DOGE starts hiring, bitcoin blasts higher
Rick Rieder, BlackRock Global Fixed Income CIO, evaluates President-elect Trump's economic strategy and shares his market outlook on Barron's Roundtable. This special edition of the FOX Business Rundown newsletter covers the week's biggest stories coming out of the election. – President-elect Trump builds team – Energy, DOGE and Health are selected – Treasurer in limbo […]
Hacker sentenced over bitcoin theft worth billions
Kentucky Attorney General Russell Coleman spoke about the attorney general suing the SEC over cryptocurrency regulations, calls for a crackdown on Chinese connected cars, and a lawsuit against TikTok. hackers who helped launder the proceeds of bitcoin theft The former cryptocurrency exchange was sentenced to five years in prison for his involvement in the conspiracy. […]
Ford hit with $165M penalty from NHTSA, second-highest in agency’s history
See what's being clicked on FoxBusiness.com. The National Highway Traffic Safety Administration (NHTSA) slaps Ford with a $165 million civil penalty as part of a consent decree after determining the automaker failed to timely recall vehicles with defective rearview cameras. did. The penalty, the second-largest in the agency's 54-year history, includes an upfront payment of […]
Pharma Stocks Take Nose Dive After Trump Announces RFK Jr. For HHS
The stocks for three pharmaceutical companies heavily involved in the production of vaccines fell drastically by market close on Thursday following President-elect Donald Trump’s announcement that he was appointing Robert F. Kennedy Jr. to head the Department of Health and Human Services (HHS). Pharmaceutical company Moderna’s stock fell 5.6%, BioNTech dropped 7.1% and Novavax stock […]