Posts filtered by tags: Fbn/markets[x]


AT&T, Discovery agree to merger of CNN, other media assets

AT&T Inc. has agreed to merge its WarnerMedia division with Discovery Communications Inc., creating a streaming giant behemoth to compete with Walt Disney Co.'s Disney+ and Netflix.
Tags: Finance, Disney, Cnn, Article, Walt Disney Co, AT T Inc, FBN, Discovery Communications Inc, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/mergers-and-acquisitions, Fox-business/markets/us-markets, WarnerMedia, Jonathan Garber, AT amp ; T Discovery

US stocks trending lower hours before Wall Street opening bell

U.S. equity futures were trading lower ahead of the release of earnings reports from the country's largest retailers.
Tags: Finance, US, Article, Associated Press, FBN, Joe McDonald, Fbn/markets, Fox-business/markets/pre-markets, 87ce4e22-ccd5-576d-a50a-cd881a65d2d1

Bright Machines nears SPAC deal to go public

Bright Machines is nearing a merger with a special-purpose acquisition company to go public in a deal that would value the manufacturing-automation business at about $1.6 billion, according to people familiar with the matter.
Tags: Finance, Article, The Wall Street Journal, SPAC, FBN, Amrith Ramkumar, Fbn/markets, Fox-business/markets/mergers-and-acquisitions, 198ad992-1e00-552a-8940-4cf3e801ea49

At Home Group’s biggest shareholder to oppose deal to take retailer private

The largest shareholder of home-furnishings chain At Home Group Inc. plans to oppose a deal to take the retailer private because it says the sale price is too low, according to a copy of a letter to the company’s board of directors viewed by The Wall Street Journal.
Tags: Finance, Article, The Wall Street Journal, FBN, Fbn/markets, Fox-business/markets/mergers-and-acquisitions, Home Group, At Home Group Inc, Dave Sebastian, 84f6509d-2775-58fb-b03f-21316def1d1e

Coca-Cola tires on energy drink and will stop sales in North America

Coca-ColaCo said it would discontinue its energy drink in North America, a product it launched with fanfare last year as it pushed into new beverage categories.
Tags: Finance, Article, North America, Coca Cola, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/lifestyle/food-drinks, Fox-business/lifestyle, Fox-business/organization/coca-cola, C830e9e6-6911-5a81-a960-6b12c576e2a9, Coca ColaCo

DoorDash attributes Q1 sales growth to stimulus checks

DoorDash released its earnings report on Thursday, which showed that revenue grew to $1.1 billion, which is a 198% year-over-year increase.
Tags: Finance, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/earnings, Ann Schmidt, Fox-business/lifestyle/food-drinks, 0ee2d2e5-7081-54d4-acdd-1b512fde3f70

New crypto ETF embraces Coinbase, skims Bitcoin

This ETF offers exposure to cryptocurrencies through public companies that operate in the space giving investors a slice of assets that are challenging to access.
Tags: Finance, Article, Bitcoin, FBN, Fbn/markets, FOXBusiness, Fox-business/investing-and-transactions, Suzanne O'Halloran, Fox-business/markets/etfs, Fox-business/markets/currencies/bitcoin, 5cb8408c-cbb7-578e-a67a-14ecdc3a113d

SEC’s Gensler hunts for companies not ESG woke enough

FOX Business has learned that the Securities and Exchange Commission is launching a series of inquiries into whether corporations make proper disclosures involving so-called Environment, Social, Governance issues, known by the short-hand ESG.
Tags: Finance, Article, SEC, ESG, Securities And Exchange Commission, Gensler, FBN, Charlie Gasparino, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/business-leaders, Fox-business/politics/government-and-institutions, Eleanor Terrett, Environment Social Governance, 528f0c51-1316-5c12-9803-1b1e6198e962

Dow jumps 360 points, Nasdaq adds 2% trimming weekly loss for stocks

U.S. equity markets rallied Friday as traders celebrated the lifting of most mask mandates and digested disappointing retail sales.
Tags: Finance, Article, Nasdaq, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/markets/mergers-and-acquisitions, Fox-business/markets/us-markets, Jonathan Garber, C0c61d7d-d6a6-5186-a951-346362f91cf0

Gas shortage: 72% of NC gas stations are without fuel

North Carolina residents are in for what some predict could be the toughest day yet to find gas following the Colonial Pipeline cyberattack.
Tags: Finance, Article, North Carolina, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/industries/energy, Fox-business/markets/commodities, Julia Musto, B2df9039-dbaa-5716-b047-295e08d8c94b

General Mills beefs up pet foods division with $1.2B Tyson unit purchase

General Mills Inc said on Friday it would buy Tyson Foods Inc's pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio at a time people are increasingly adopting cats and dogs.
Tags: Finance, Article, Reuters, Mills, Tyson Foods Inc, Tyson, FBN, General Mills Inc, Fbn/markets, Fox-business/markets, Fox-business/markets/mergers-and-acquisitions, Fox-business/markets/us-markets, Fox-business/lifestyle/food-drinks, Fox-business/lifestyle, E9d28e35-bef2-5861-89a1-5ab99e3fe54f

State Street agrees to pay $115 million criminal fine for customer overcharges

State Street Corp agreed to pay a $115 million criminal penalty and enter a deferred prosecution agreement to resolve charges it defrauded customers by secretly overcharging them for expenses, the U.S. Department of Justice said on Thursday.
Tags: Finance, Article, Reuters, U S Department of Justice, FBN, State Street Corp, Fbn/markets, Fox-business/markets, Fox-business/politics/government-and-institutions, Fox-business/money/legal, Fea3f3bf-c4d8-5d24-ad62-8d07d7e4dbb2

Disney misses on parks revenue, streaming subscribers but sees strong growth ahead

Disney reported overall revenue of $15.6 billion, compared to $18 billion a year ago. Excluding certain items, Disney's diluted earnings per share came in at 79 cents per share, compared to 60 cents per share a year ago.
Tags: Finance, Disney, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/earnings, Lucas Manfredi, Fox-business/organization/disney, 200d7755-2ef7-5714-b17a-8b51b6264452

DOJ, IRS reportedly investigating Binance crypto exchange

As part of the inquiry, the officials who probe money laundering and tax offenses have reportedly sought information from individuals with insight into Binance's business.
Tags: Finance, Article, Reuters, FBN, DOJ IRS, Fbn/markets, Fox-business/markets, Fox-business/taxes, Fox-business/politics/irs, Binance, Fox-business/money, 32ed8887-f4d3-51a4-9f31-8d5750dd6e3c, Binance crypto exchange

Alibaba logs higher quarterly sales but posts loss on antitrust fine

Chinese e-commerce giant Alibaba Group Holding Ltd. posted revenue growth on stronger retail and cloud-computing results in the latest quarter, but a large fine levied by the Chinese government dragged the company to a quarterly loss.
Tags: Finance, Article, Alibaba, The Wall Street Journal, Alibaba Group Holding Ltd, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/earnings, Fox-business/industries/retail, Fox-business/markets/china, Fox-business/politics/government-and-institutions, 39d60740-2cce-53ff-a77a-ef8bae9df743

Elon Musk: Tesla won't accept bitcoin due to currency's reliance on fossil fuels

Tesla CEO Elon Musk said Wednesday the electric car maker will no longer accept bitcoin for vehicle purchases amid concerns regarding the environmental impact of cryptocurrency mining.
Tags: Elon Musk, Finance, Tesla, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/industries/auto, Thomas Barrabi, Fox-business/markets/currencies/bitcoin, Fox-business/technology/tesla, Fox-business/business-leaders/elon-musk, C7ea9bc3-63fb-5e04-bc4f-bc9d94737358

Pipeline battle: Enbridge defies Michigan closure orders

The more than six-decade-old Line 5 pipeline transports up to 23 million gallons of oil and natural gas liquids per day from Superior, Wisconsin to Sarnia, Ontario, taking a shortcut through Michigan and along the lake bottom of the Straits of Mackinac.
Tags: Finance, Article, Michigan, Enbridge, FBN, Sarnia Ontario, Superior Wisconsin, Fbn/markets, FOXBusiness, Fox-business/markets/oil, Lucas Manfredi, Fox-business/money, Fox-business/money/legal, Efabaacd-2e1d-5114-acfc-c6fe1e17be27

Billionaire Bill Ackman takes slice of Domino's Pizza

Billionaire hedge fund manager Bill Ackman has amassed a nearly 6% stake in Domino’s Pizza Inc. while exiting his position in Starbucks Corp.
Tags: Finance, Article, Bill Ackman, FBN, Fbn/markets, FOXBusiness, Domino 's Pizza Inc, Fox-business/markets/stocks, Fox-business/markets/us-markets, Jonathan Garber, 8ca4783e-b7c3-5a28-916c-6d71d6780b63

Dow hit with 682 point loss, Nasdaq off 2.7% on inflation beating

U.S. equity markets were lower Wednesday as traders digested a hotter than expected reading on consumer prices.
Tags: Finance, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/markets/us-markets, Jonathan Garber, Bfbfc14b-41fa-526d-9071-39088a7a6efb

Wendy's doubles down on breakfast menu bet

The fast-food chain raised its annual forecast for earnings on Wednesday wagering that more customers would be trying its bacon-filled breakfast menu
Tags: Finance, Article, Wendy, FBN, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/markets/earnings, Jeanette Settembre, Fox-business/the-business-of-food, 52d7dfb7-e272-5d3e-b02b-efdc3c5d09dc

Pipeline love as gas shortage rages, Colonial remains offline

With Colonial Pipeline shutdown and gas shortages hitting the U.S., suddenly Biden’s push to cancel pipelines seems like a bad idea.
Tags: Finance, Article, Biden, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/oil, Fox-business/industries/energy, Fox-business/markets/commodities, Fox-business/politics, Fox-business/opinion, Phil Flynn, Fox-business/markets/economy, 9adf7fbc-13e5-5a13-8201-a0ab58beba85

Gas tops $3 amid Colonial Pipeline chaos

The increase comes as over 1,000 fuel stations across the East Coast have reported gasoline outages following Friday's cyberattack on the Colonial Pipeline.
Tags: Finance, Article, East Coast, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/oil, Fox-business/technology/cyber-security, Lucas Manfredi, Fox-business/lifestyle, F5a8e300-d056-57c6-9be5-56bec9f7e145

Stock futures fall, CPI inflation data spikes

U.S. stock futures were under selling pressure Wednesday morning as traders digested the latest reading on consumer prices.
Tags: Finance, Article, FBN, Fbn/markets, FOXBusiness, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/markets/us-markets, Jonathan Garber, Bfbfc14b-41fa-526d-9071-39088a7a6efb

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