Factbox-Global baby formula makers send products to restock U.S. shelves

(Reuters) – Global companies that make baby formula are bringing products into the United States after the country’s health regulator relaxed its import policy to address a nationwide shortage partly triggered by Abbott Laboratories’ manufacturing plant in Michigan recalling some products in February.Shelves with baby formula are pictured at Skippack Pharmacy with a shopper limit amid continuing nationwide shortages in […]

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How Hong Kong roots fires UniSuper’s new CEO

Peter Chun’s first impression of Melbourne when he migrated from Hong Kong as a child was the landscape. “I’ve never seen so much grass,” he says. “I don’t know if you’ve been to Hong Kong but obviously, we live in a shoebox. We live in high-rise apartments.” UniSuper’s new chief executive Peter Chun.Credit:Simon Schluter It was 1978. Chun was eight […]

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Blockchain expert rips crypto lender Celsius freezing accounts: ‘It’s unfortunate’

video Blockchain expert slams crypto lender Celsius accounts freeze: ‘It’s unfortunate’ Ava Labs President John Wu argues he hopes customers are able to get out of Celsius account freeze. During an interview on "Mornings with Maria" Friday, Ava Labs President John Wu discussed crypto-giant Celsius pausing all withdrawals and transfers between accounts due to the volatile markets, arguing the issues […]

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Stock futures point to gains to finish the week

video Stocks plunge one day after Fed hikes rate as recession fears grow Fox News columnist Liz Peek weighs in on President Biden’s energy policies and his attack on the American energy industry on ‘Fox Business Tonight.’  U.S. equity futures are poised to rally following a day that saw drastic selling sparked by concerns that economic activity will be depressed […]

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What is a bear market?

New York (CNN Business)Uber CEO Dara Khosrowshahi said at a Bloomberg event earlier this month that he thinks the ridesharing and food delivery giant is “recession resistant.” That may or may not be true, but Wall Street clearly disagrees. Uber’s (UBER) stock has lost more than half its value this year. But with fears of a recession mounting due to […]

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Doctor shortage pushes Portugal's maternity units to the brink

LISBON (Reuters) – A shortage of obstetricians has forced several Portuguese hospitals to temporarily shut their emergency maternity units or operate with reduced staff, raising fears for women’s safety. Bank holidays and the spread of COVID-19 among medical workers have aggravated the structural problem of a long-running shortage of doctors in Portugal. “We are in a situation of rupture and, […]

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Disney delays moving 2,000 jobs to Florida amid fight with DeSantis

video FOX Business Flash top headlines for June 15 Check out what’s clicking on FoxBusiness.com. Walt Disney Co. has pushed back its announced move of employees to Florida from California by three years. The decision comes as the entertainment company is embroiled in a dispute with Florida Gov. Ron DeSantis over the state’s controversial Parental Rights in Education law. The […]

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Treasuries Regain Ground Following Recent Sell-Off

After moving sharply lower over the past few sessions, treasuries regained some ground during trading on Wednesday. Bond prices moved to the upside early in the day and remained positive throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 8.8 basis points to 3.395 percent. The decrease by […]

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Wednesday's trading: 5 Things to know

video FOX Business Flash top headlines for June 14 Check out what’s clicking on FoxBusiness.com. Here are the key events taking place on Wednesday that could impact trading. FED DECISION: The Federal Reserve is expected to ratchet up its fight on inflation Wednesday afternoon with the first 75-basis point rate hike in close to three decades. With inflation unexpectedly accelerating […]

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