Blackstone weighed investment in TikTok-Microsoft bid: Gasparino Sources tell FOX Business’ Charlie Gasparino that it is unclear whether Blackstone will invest because its interest in any deal appears to be waning. The value of TikTok’s parent company, ByteDance, is reportedly under increasing pressure as it nears the forced sale or ban […]
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Amazon and mall operator look at turning Sears, JC Penney stores into fulfillment centers
Fox Business Flash top headlines for August 9 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Simon Property Group Inc., the biggest mall owner in the U.S., has been in talks with Amazon.com Inc. to turn some of its anchor department-store spaces into Amazon fulfillment […]
Read moreWhy oil rich UAE is developing nuclear power
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (Business)The plunge in oil demand caused by the pandemic won’t fix the climate crisis. But it could force the oil industry to accelerate a shift away […]
Read moreTrump pledged to permanently scrap the payroll taxes used to fund Social Security and Medicare if he wins re-election
President Donald Trump vowed on Saturday to scrap the payroll tax, a funding mechanism for Social Security and Medicare, if he wins re-election. "If I'm victorious on November 3rd, I plan to forgive these taxes and make permanent cuts to the payroll tax," Trump said at a press conference announcing […]
Read moreBuffett buys back a record $5.1 billion in Berkshire stock as operating earnings take a big hit
Berkshire Hathaway announced on Saturday it bought back a record amount of its own stock during the second quarter as the coronavirus pandemic dented operations for Warren Buffett's conglomerate. The company said it repurchased a total of $5.1 billion worth in stock in May and June. Berkshire repurchased more than $4.6 billion […]
Read more'The recovery didn't stop, but it slowed': Here's what 5 economists are saying following July's jobs report
The July jobs report released Friday showed that US employers added 1.8 million jobs during the month and that the unemployment rate declined to 10.2%. That beat economist expectations for 1.5 million payrolls added in July and the unemployment rate at 10.5%. While the report showed progress in the labor […]
Read moreGoldman Slashes Quarterly Profit 85% With 1MDB Legal Charge
In this article Goldman Sachs Group Inc. boosted litigation reserves by $2.01 billion after agreeing with Malaysia to resolve probes into the U.S. bank’s role in a scheme to plunder the nation’s 1MDB investment fund. The additional provision cut the firm’s previously announced second-quarter profit by 85%, the bank said […]
Read moreU.S. Stocks Fluctuate With Focus on Stimulus Bill: Markets Wrap
U.S. stocks fluctuated as investors weighed an uncertain outlook for economic stimulus and better-than-forecast jobs data. European stocks dropped on earnings disappointments and gold extended gains. The S&P 500 Index swung between modest gains and losses as investors looked for signals on whether lawmakers were making progress toward a coronavirus […]
Read moreGoldman Says Time to Think About a Shift in Market Leadership
Investors should be “open-minded” about a possible shift in leadership across global markets in the months ahead, which could favor a cyclical rotation in stocks and a steeper yield curve, according to Goldman Sachs Group Inc. The increased probability of an approved vaccine by the end of November is underpriced […]
Read moreBeyond Meat of sushi hooks onto $13.7 billion plant-based market
Impossible Foods CEO: Coronavirus spiking plant-based meat demand Impossible Foods founder and CEO Pat Brown on coronavirus accelerating retail sales of plant-based products. It’s sushi with a catch — no fish. Continue Reading Below A type of fish-free "tuna" that looks, tastes and mimics the texture of the real fish — minus […]
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