Commonwealth Bank chief executive Matt Comyn remains upbeat about the medium-term outlook for Australia’s economy, despite growing economic gloom caused by high inflation and the war in Ukraine. Comyn addressed shareholders at the bank’s annual general meeting on Wednesday against a backdrop of significant global uncertainty, as markets worry about rising interest rates, high inflation, the Ukraine conflict, and an […]
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video An inside look at Chick-fil-A’s business empire Chick-fil-A ambassador on her family’s company Hungry customers looking for a meal in a hurry be warned, Chick-fil-A might not be the best option. According to new data from a 2022 drive-thru report that outlines the fastest drive-thrus in the United States, Chick-fil-A ranked as the slowest, with Taco Bell taking the […]
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Most cannabis-related stocks posted double-digit gains Thursday, with all the gains coming after President Joe Biden announced a blanket pardon for people who had been convicted of simple marijuana possession since the 1970s. There are currently no people incarcerated for violating the federal possession law. There are, however, thousands of Americans who were convicted of violating federal law who will […]
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The futures traded lower after the September nonfarm payrolls number came in above expectations. The major indexes all closed lower Thursday, with the Dow Jones industrials posting the largest decline, over 1.15%. The song remains the same, as sellers have been nipping away at the 5.5% rally gains that were posted over the first two days of the week. Atlanta […]
Read morevideo Dan Ives: Tesla still owns the EV world, everyone else is paying rent Wedbush Securities managing director Dan Ives reacts to Mercedes-Benz teaming up with Rivian to deliver electric commercial vans to Europe on ‘The Claman Countdown.’ Tesla founder Elon Musk announced PepsiCo will be the first recipient of his company's electric semi-trucks, which are set to finally start […]
Read morevideo Fed has specifically highlighted desire to get job openings down: Liz Ann Sonders Liz Ann Sonders, Sarah Kunst and Jim Awad provide dissect the Federal Reserve’s policies on ‘Making Money.’ Here are the key events taking place on Friday that could impact trading. JOBS REPORT: This week’s key economic report, September’s employment data out Friday morning, should provide investors […]
Read morevideo FOX Business Flash top headlines for October 6 Check out what’s clicking on FoxBusiness.com Samsung Electronics reported a worse-than-expected 32% drop in quarterly operating earnings on Friday. The company says an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices […]
Read morevideo FOX Business Flash top headlines for October 6 Check out what’s clicking on FoxBusiness.com The International Monetary Fund is once again lowering its projections for global economic growth in 2023, projecting world economic growth lower by $4 trillion through 2026. Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that "things are more […]
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With a market cap of roughly $5.7 billion, Asus is the world’s sixth largest producer of personal computers. As of October 5th, 2022, Asus becomes the latest major company to join the Web3 space after launching an NFT platform. However, Asus’ new NFT marketplace allows only a group of invited artists to list their NFTs at the moment, with plans […]
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