Business


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Deutsche Bank penalized $150M for Jeffrey Epstein relationship

The bank, which is said to have had a major role in Epstein’s financial affairs, previously said it regretted its ties to the deceased, accused sex-trafficker.
Tags: Finance, Article, Deutsche Bank, FBN, Jeffrey Epstein, Epstein, STEPHANIE PAGONES, Fbn/markets, FOXBusiness, Fox-business/markets/wall-street, fox-business/industries/Financials, Marta Dhanis, Fox-business/topic/banking, Be151240-4d4f-5105-90e8-d369b4b5ff69


Stocks pull back after 5 days of gains

U.S. equity markets pulled back after five straight days of gains.
Tags: Finance, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Jonathan Garber, Fox-business/topic/coronavirus, Bf01f592-6649-5943-908b-f60e13612240


COVID-19 resurgence threatens travel rebound

United Airlines told employees to prepare to receive notifications of potential furloughs under the Worker Adjustment and Retraining Notification Act, known as the WARN Act, as soon as this week.
Tags: Finance, Article, The Wall Street Journal, United Airlines, FBN, Fbn/markets, Fox-business/lifestyle/travel, Fox-business/lifestyle/airplanes, Fox-business/organization/united-airlines, Fox-business/topic/coronavirus, F45752e0-a22c-50f5-8d71-b7a570827bca




Novavax gets $1.6B from government to develop coronavirus vaccine

The government money will fund Novavax's late-stage clinical trials of its coronavirus vaccine candidate.
Tags: Finance, Article, FBN, Novavax, Fbn/markets, FOXBusiness, Fox-business/health-care, Evie Fordham, Fox-business/technology/health-care-tech, Fox-business/topic/coronavirus, A432225d-452a-5379-809c-7137022898b1








SiriusXM to buy Stitcher podcasting unit from Scripps

Deal would follow similar moves by Spotify and iHeartMedia to enter podcasting industry
Tags: Spotify, Finance, Article, The Wall Street Journal, FBN, Scripps, Fbn/markets, Fox-business/markets/stocks, Fox-business/markets/mergers-and-acquisitions, Fox-business/tech, 393407f3-5568-5f05-bd77-b80a8b25b15c


Peter Thiel's Palantir confidentially files for public listing

The public listing is expected to take place following the SEC's review process, "subject to market and other conditions." 
Tags: Finance, Article, Peter Thiel, SEC, Palantir, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/technology, Fox-business/markets/ipos, Fox-business/politics/sec, Lucas Manfredi, A2298f73-582e-55db-82ef-e1f26e9482fb


Monster considering spiked seltzer launch, could boost sales by $76M: Stifel

Stifel analysts said a Monster-branded alcoholic beverage could hit shelves by next year.
Tags: Finance, Article, Stifel, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Thomas Barrabi, Fox-business/lifestyle/food-drinks, Fox-business/lifestyle, A1db67bf-012c-588e-b5ba-ec2f7afdc67a


US Supreme Court deals blow to Keystone oil pipeline project

Monday's order also put on hold a earlier court ruling out of Montana as it pertains to other oil and gas pipelines across the nation.
Tags: Montana, Finance, Article, Associated Press, Keystone, US supreme court, FBN, Fbn/markets, Fox-business/industries/energy, 10992ced-6a55-522f-9169-4f1bc486a63e






Biden win 'biggest risk' to Buffett's new deal

A Biden presidency could be the biggest risk to Berkshire Hawathway's deal for Dominion Energy's natural gas assets, an industry expert told FOX Business.
Tags: Finance, Article, Biden, Buffett, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/mergers-and-acquisitions, Fox-business/markets/us-markets, Dominion Energy, Fox-business/business-leaders/warren-buffett, Jonathan Garber, 4f776b32-6be2-5cf8-b9fc-8cddeee90d69, Berkshire Hawathway


Nasdaq surges to record as NYC coronavirus reopening enters Phase 3

U.S. equity markets rallied as New York City's reopening entered Phase 3 and Warren Buffett's Berkshire Hathway reached a deal in the natural gas sector.
Tags: Finance, New York City, Article, Warren Buffett, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Berkshire Hathway, Jonathan Garber, Fox-business/topic/coronavirus, 54e85278-b001-5459-8be0-1122e3d3f9a9


US service sector rebounds strongly in June

U.S. services industry activity rebounded sharply in June, almost returning to its pre-COVID-19 pandemic levels.
Tags: Finance, US, Article, Reuters, FBN, Fbn/markets, Fox-business/economic-indicators, Fox-business/markets/economy, 6c8be7b5-9b49-5d1b-bda4-28b777d78406


Nasdaq surges to record as NYC reopening enters Phase 3

U.S. equity markets rallied as New York City's reopening entered Phase 3 and Warren Buffett's Berkshire Hathway reached a deal in the natural gas sector.
Tags: Finance, New York City, Article, Warren Buffett, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Berkshire Hathway, Jonathan Garber, Fox-business/topic/coronavirus, 54e85278-b001-5459-8be0-1122e3d3f9a9


Stocks surge as NYC reopening enters Phase 3

U.S. equity markets rallied as New York City's reopening entered Phase 3 and Warren Buffett's Berkshire Hathway reached a deal in the natural gas sector.
Tags: Finance, New York City, Article, Warren Buffett, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Berkshire Hathway, Jonathan Garber, Fox-business/topic/coronavirus, 54e85278-b001-5459-8be0-1122e3d3f9a9


Uber buys Postmates in $2.65B all-stock deal

Uber finally got its food delivery company, acquiring Postmates in a $2.65 billion all-stock deal, the ride-hailing giant confirmed Monday.
Tags: Finance, Article, Associated Press, FBN, Fbn/markets, Fox-business/markets/mergers-and-acquisitions, Fox-business/organization/uber, Fox-business/lifestyle/food-drinks, 32f566c4-f22d-5c48-b00b-effd8ffbdbbb


Regeneron begins COVID-19 antibody cocktail late-stage trial, shares rise

Regeneron said it began late-stage clinical trials to assess the effectiveness of its antibody cocktail.
Tags: Finance, Article, Reuters, FBN, Regeneron, Fbn/markets, Fox-business/health-care, Fox-business/topic/coronavirus, 4e975e00-779e-578f-b04d-6d0a369d473b


Tesla taunts short-sellers by selling 'short shorts'

After surpassing Toyota Motor Corp as the world's most valuable automaker and stunning with forecast-beating deliveries, Tesla Inc has taken time out to poke fun at the company's naysayers - with sales of red satin shorts.
Tags: Finance, Tesla, Article, Toyota Motor Corp, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/stocks, Fox-business/industries/auto, Tesla Inc, Fox-business/technology/tesla, Fox-business/business-leaders/elon-musk, Fox-business/lifestyle/cars, Jonathan Garber, B04745b9-1931-5331-b392-7c2fed927b0d


Citi expects stocks to go sideways for a year, suggests defensives

Citigroup forecasts the S&P 500 to be at 3,160 points in mid-2021, about 1% higher than Friday's close
Tags: Finance, Article, Citigroup, Citi, Reuters, FBN, Fbn/markets, Fox-business/markets/stocks, Fox-business/topic/coronavirus, 8f7151da-7a11-5649-a47c-42654550072b






Buffett's Berkshire to buy Dominion Energy gas assets for $4 billion

Berkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc’s natural gas transmission and storage network for $4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate’s cash pile while letting Dominion focus on utilities operations.
Tags: Finance, Article, Warren Buffett, Berkshire, Buffett, Reuters, Berkshire Hathaway Inc, FBN, Dominion, Fbn/markets, Fox-business/markets, Dominion Energy Inc, Dominion Energy, 1cda8d00-3ad5-58d0-9566-68171b0b4ac4


Companies cancel Atlantic Coast Pipeline after years of delays

Dominion Energy said it was selling the rest of its natural gas transmission and storage network to Warren Buffett's Berkshire Hathaway Inc. for $9.7 billion including debt.
Tags: Finance, Article, Warren Buffett, Berkshire Hathaway Inc, FBN, Atlantic Coast Pipeline, Fbn/markets, Fox-business/markets/oil, Dow Jones Newswires, Fox-business/industries/energy, Dominion Energy, C85df185-5aaf-561a-8af7-fb2ec8836fd3


Goldman Sachs predicts GDP to shrink more than expected but sees economy back on track in September

A "pause" in consumer spending in July and August will likely limit a third-quarter rebound, according to the analysts, which also upgraded their 2021 numbers.
Tags: Finance, Article, Goldman Sachs, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/us-markets, Evie Fordham, Fox-business/markets/economy, Fox-business/topic/coronavirus, E2249de3-071e-5792-bf86-793668252ae2





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