Tyson Foods takes profit hit as beef prices fall

video FOX Business Flash top headlines for February 6 Check out what’s clicking on FoxBusiness.com Meatpacking giant Tyson Foods on Monday posted lower profits in its first fiscal quarter compared with a year ago, pointing to a sharp decline in beef prices and waning demand for pork. The company reported adjusted earnings per share of $0.85, falling far short of […]

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Big 3 Oil Firms Made a Record $132B Profit in 2022

British energy giant Shell posted a record $42 billion in profits last year, more than double the amount it achieved in 2021. With this, the three major energy companies, including Chevron, Exxon Mobil, and Shell, delivered more than $132 billion in combined profits last year, courtesy of skyrocketing oil and gas prices. Shell Posts Record $41.6B in Profit Shell became […]

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Disney, Nelson Peltz fight escalates in board battle

video Disney divided? Rich Greenfield analyzes Nelson Peltz taking on Bob Iger’s kingdom LightShed Ventures partner Rich Greenfield reacts to activist investor Nelson Peltz vying for a seat on Disney’s board as the media industry experiences a ‘dramatic change’ in viewing behavior. Activist investor Nelson Peltz is urging Walt Disney shareholders to drop board director Michael Froman, stating the media […]

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CBA launches new verification measures as scam complaints surge

The Commonwealth Bank of Australia is launching new verification measures for money transfers and phone banking, after a predicted $2 billion surge in scams gave rise to calls late last year for banks to take more responsibility. On Thursday, Australia’s largest bank announced two app-based initiatives, after a push by the Australian Competition and Consumer Commission in July for banks […]

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10 Large Cap Stocks Trading Close to 52-Week Lows

2022 has been a bad year for the equity market, with inflation and interest rates being the primary factors weighing on stocks throughout 2022. This meant that many quality stocks also suffered due to the overall market sentiments. On the other hand, this gives investors an opportunity to acquire quality stocks at a discount. To help you select, detailed below […]

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Treasuries Rally Despite Interest Rate Hike

After ending the previous session modestly higher, treasuries showed a strong move to the upside during trading on Wednesday. Bond prices rallied going into the close of trading, ending the day firmly positive. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, tumbled by 13.2 basis points to 3.397 percent. The late-day strength among treasuries […]

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Earnings Previews: Alphabet, Amazon, Apple, Qualcomm

In Wednesday’s premarket, the Dow Jones industrials traded down 0.37%, the S&P 500 was down 0.21% and the Nasdaq traded down 0.06%. The FOMC interest rate decision due in the afternoon was keeping trading enthusiasm in check. After U.S. markets closed Tuesday, AMD beat analysts’ consensus estimates for earnings per share (EPS) and revenue. Net income fell by 98% year […]

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Tuesday’s Top Analyst Upgrades and Downgrades: AMD, Amazon, Colgate-Palmolive, Lockheed Martin, Lyft, Macy’s, Meta Platforms, Shopify, Tesla, Uber and More

The futures are trading higher after we kicked off the week with some serious selling, as all the major indexes closed down on Monday. Despite the selling, we will finish off a strong January that saw the Dow Jones industrials, the S&P 500 and the Nasdaq all turn in a winning month for beleaguered investors. With the Federal Reserve expected […]

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AMC, Antara Complete Announced Stock Transaction

Fintel reports that Antara Capital LP has filed a 13D form with the SEC disclosing ownership of 61,818,175 shares of AMC Entertainment Holdings Preferred Equity Units (APE). This represents 8.8% of the company. Last month AMC unveiled a dilutive capital raise and a proposed reverse stock split of its common shares. AMC agreed  to sell $110 million of its APE units to Antara […]

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