video FOX Business Flash top headlines for February 7 Check out what’s clicking on FoxBusiness.com Wells Fargo has come to a $300 million settlement with shareholders who claim in a class action lawsuit that the bank forced unneeded insurance policies on thousands of customers and concealed the practice from investors who lost money after the problem became public. Wells Fargo […]
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Carl Icahn is one of the most successful investors of all time and is the founder and controlling shareholder of Icahn Enterprises. Icahn is one of the first activist shareholders and is credited for bringing this strategy into the mainstream for hedge funds. He was regarded as a corporate raider in the 1980s but later became popular as an activist […]
Read morevideo Jon Najarian: Gold has gotten its turn to be an asset class Market Rebellion co-founder analyzes options for investors in a tight market on ‘Making Money.’ Newmont Corporation has made a takeover offer for Newcrest Mining, Australia’s top gold miner, in a deal that would leverage both miners' operations, Newcrest announced and Newmont confirmed. The indicative $16.9 billion takeover […]
Read morevideo Bank of America still forecasting a 2023 recession: Keith Banks Bank of America Vice Chairman Keith Banks provides his outlook on upcoming earnings and other macroeconomy factors. The Carlyle Group has appointed former Goldman Sachs Inc executive Harvey Schwartz as the company’s new CEO. Schwartz will take control of the Washington D.C.-based private equity firm on Feb. 15. He […]
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In early trading on Friday, the Dow Jones industrials were 0.12% lower, the S&P 500 down 0.38% and the Nasdaq down 0.67%. Meta Platforms’ impressive report Wednesday evening was not good enough to prevent Apple, Amazon and Alphabet from dragging tech stocks back down after poor earnings reports late Thursday. Plus ça change… After U.S. markets closed on Thursday, Amazon […]
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WASHINGTON/BEIJING (Reuters) -U.S. Secretary of State Antony Blinken postponed a visit to China that had been expected to start on Friday after a Chinese spy balloon was tracked flying across the United States in what U.S. officials called a “clear violation” of U.S. sovereignty.A balloon flies in the sky over Billings, Montana, U.S. February 1, 2023 in this picture obtained […]
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Premarket action on Friday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.25%, the S&P 500 down 2.75% and the Nasdaq 1.36% lower. Seven of 11 market sectors closed higher on Thursday, with consumer cyclicals (3.08%) and technology (2.78%) posting the day’s biggest gains. Energy (−2.52%) and consumer staples (−0.86%) had the day’s worst […]
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This report was sent to Briefing.com subscribers earlier today. Upgrades: > Cardinal Health (CAH) upgraded to Outperform from Neutral at Robert W. Baird; tgt raised to $94 > H.B. Fuller (FUL) upgraded to Buy from Neutral at Citigroup; tgt raised to $85 > Int’l Paper (IP) upgraded to Neutral from Sell at UBS; tgt raised to $43 > Nordstrom (JWN) […]
Read morevideo Queen Elizabeth II’s impact on the financial community FOX Business’ Neil Cavuto and Ashley Webster discuss Queen Elizabeth II’s impact on the country’s finances. Australia's central bank announced Thursday it will be replacing the image on the $5 bill with an Indigenous design instead of a portrait of King Charles III following the transition from currency featuring the late […]
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