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Mark Cuban Owns Almost $1B Of Amazon Stock, Calls It The 'Best Startup In The World'
Tuesday, October 1, 2019 - 1:16pm | 522Billionaire entrepreneur Mark Cuban told Fox Business on Monday that Amazon.com, Inc (NASDAQ: AMZN) is his largest stock holding. In a lengthy interview Cuban said he owns “close to a billion dollars” in Amazon shares. “To me, Amazon’s the best startup in the world,”...
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Brooklyn Nets Point Guard Looks To Break New Ground In NBA With Tokenized Contract
Saturday, September 21, 2019 - 2:59pm | 374Have you ever wanted to invest in an NBA player's future? It might be possible in the upcoming season. Spencer Dinwiddie, a Brooklyn Nets point guard, is planning to securitize his NBA contract in the form of a digital token asset tied to his three-year, $34 million contract extension....
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Oil Falls As Saudi Arabia Projects Quick Recovery From Drone Attack
Tuesday, September 17, 2019 - 2:56pm | 631Oil prices soared Monday in reaction to a drone attack on Saudi Arabian oil facilities, but most of the gains were short-lived: WTI and Brent crude prices were each down more than 5% Tuesday. What Happened The price of oil surged the most on record Monday after a drone attack on...
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Ex-NYSE CEO: Hong Kong Exchange Makes Big Bet With LSE Offer
Wednesday, September 11, 2019 - 11:42am | 427The parent company of Hong Kong's stock exchange made an offer Wednesday to buy its London rival for $37 billion — "a lot of money," former NYSE CEO Dick Grasso told Fox Business in an interview. What Happened The Hong Kong Exchanges and Clearing company deserves credit for...
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JPMorgan CEO Jamie Dimon: Potential For Zero Rates 'Obviously' A Concern
Wednesday, September 11, 2019 - 10:05am | 405JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon downplayed the likelihood of interest rates hitting zero, but the bank executive is taking steps to prepare for it, CNBC reported Tuesday. What Happened Dimon said Tuesday at a conference in New York he doesn't believe the U.S. will...
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Papa John Founder Says He Wasn't Forced To Retire
Monday, September 9, 2019 - 1:01pm | 613John Schnatter founded pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA), and despite what some media outlets reported, he said during a Fox Business interview that he wasn't forced to retire as the company's CEO. 'Good Run' Schnatter quit as CEO of Papa John's in 2018...
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Retailers Scramble To Deal With New 'Cinderella Tax'
Tuesday, September 3, 2019 - 5:04pm | 541Retailers scrambling to capture a larger portion of consumer spending as new tariffs come online means "Christmas has come early this year," but this isn't necessarily a good thing, Rick Helfenbein, CEO of the American Apparel & Footwear Association, told CNBC Tuesday. '...
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Ex-Overstock CEO Byrne Talks Timing Of Resignation With Fox, 'Political Espionage'
Friday, August 23, 2019 - 9:58am | 445Former Overstock.com Inc (NASDAQ: OSTK) CEO Patrick Byrne stepped down Thursday after two decades of running the company. His resignation is quite bizarre and includes references to the "deep state" and Clinton family. Hours after his resignation, the executive appeared on Fox...
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Trump: Social Media Companies 'Trying To Rig The Election'
Wednesday, June 26, 2019 - 1:37pm | 485Social media giants -- and not foreign powers like Russia — are "trying to rig" the 2020 presidential election, U.S. President Donald Trump told the Fox Business Network on Wednesday. What Happened Conservative activist James O'Keefe released a video Monday that...
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Trump Has A 'Plan B' If Trade Talks With China Fail
Wednesday, June 26, 2019 - 11:43am | 357U.S. President Donald Trump said in a Fox Business interview Wednesday morning his administration has a "plan B" if trade talks with China aren't resolved. What Happened U.S. and Chinese officials were close to finalizing a trade agreement in recent months, but China knows what "...
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Molson Coors Expects To Launch Cannabis Beverage In 2019
Wednesday, October 31, 2018 - 3:04pm | 417Molson Coors Brewing Co (NYSE: TAP) shares are surging after the beverage maker reported a third-quarter earnings beat Wednesday. What Happened Molson Coors CEO Mark Hunter said he sees the Canadian cannabis drink market as a tremendous opportunity as the company looks to pioneer the category...
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Sears Bankruptcy 'Another Blow' To Apparel Supplier Iconix
Monday, October 15, 2018 - 4:53pm | 559Retailer Sears Holdings Corp (NASDAQ: SHLD), the parent of Sears and Kmart, filed for bankruptcy protection Monday. While the latest development shouldn't come as a shock, it nevertheless has a negative impact on Iconix Brand Group Inc (NASDAQ: ICON), according to Small Cap...
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Social Media Roundup: Experts Say 'Fake News' Is Overblown, But Regulation Is On Its Way
Thursday, September 6, 2018 - 10:00am | 562Social media executives made their best pitch to American lawmakers Wednesday, with the conclusion being there is no easy solution to deal with misinformation, Jason Reifler, a professor of political science at the University of Exeter, told CNBC Thursday morning. Reifler: Impact Of Fake...
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Breaking Down The SEC's New Pilot Program, And Why Experts Say It Misses The Mark
Sunday, July 29, 2018 - 5:15pm | 966The Securities and Exchange Commission announced in March that it is launching a transaction fee pilot program to test the impact of lowering stock exchange fees. The two-year test is meant to determine whether regulation is needed in what is known as the "maker-taker" system, according...
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'Dr. Doom' Marc Faber's Racist Comments Cost Him Jobs, TV Appearances
Wednesday, October 18, 2017 - 12:30pm | 467A racist tirade has cost "Dr. Doom" his job and will likely be blacklisted from most if not all financial media outlets. Instead of explaining why a collapse in the stock market is imminent, Marc Faber of "The Gloom, Boom & Doom Report" dedicated his monthly October...