1 hour ago | BloombergActivist Fund Trian Builds Stake in Unilever
Unilever Plc and its CEO, Alan Jope, are coming under increasing pressure. Activist investor Nelson Peltz's hedge fund Trian Fund Management has reportedly bought a meaningful stake in the U.K.-based consumer goods giant. That comes after Jope's failed bid to buy GlaxoSmithKline Plc's consumer health business. Bloomberg's Dani Burger reports on "Bloomberg Markets: European Open."
1 hour ago | MarketWatchEl Salvador’s president adopts McDonald’s uniform for Twitter profile after bitcoin plunge
Nayib Bukele changed his Twitter profile to that of a McDonald's employee, in wake of the latest plunge in bitcoin that brought the cryptocurrency down 50%...
2 hours ago | EntrepreneurOn Holding AG Stock Could be a New Trend on Many Levels
Swiss footwear maker On Holding AG (NYSE: ONON) stock has been cut in half since hitting highs of $55.87 in November 2021.
2 hours ago | FOX BusinessBitcoin prices continue decline, Ethereum, Dogecoin down as well
Bitcoin prices continue to fall in early Monday morning trading as the cryptocurrency continues the decline it begun last week.Bitcoin was trading at $35,075, down 1.5% Monday, while rival cryptocurrency Ethereum stood at nearly $2,400 (-3.76%) and Dogecoin traded at 13.4 cents (-6.49%), respectively.Bitcoin, the largest cryptocurrency, was on track for its worst weekly performance in eight months, Coindesk reported.STATE NONPROFIT OFFERS TECH WORKERS THOUSANDS IN BITCOIN TO RELOCATEThe report said Bitcoin’s price was down 19% in the past seven days – the cryptocurrency's worst weekly performance since May 2021, when fears of China's renewed crackdown on cryptocurrency trading and mining sent the market reeling, and tweets by Tesla CEO Elon Musk focused public attention on the Bitcoin blockchain network's potential environmental harms.
2 hours ago | MarketWatchU.S. could send troops to Eastern Europe amid Ukraine standoff with Russia
The New York Times reported that President Joe Biden is considering sending troops, aircraft and warship amid a standoff with Russia over Ukraine.
4 hours ago | FOX BusinessConnecticut man accused of berating smoothie shop staff
A Connecticut man has been accused of going off into a tirade inside a Fairfield smoothie shop that resulted in his arrest.James Iannazzo, 48, was identified by police as the person in the video that has since gone viral. He is accused of cursing at the employees and at one point could allegedly be seen throwing a drink at a worker behind the counter. Iannazzo could allegedly be heard calling one employee an "immigrant loser," Fox 61 reported.Bill Halldin, a spokesman for Merrill Lynch, told Fox News: "Our company does not tolerate behavior of this kind. We immediately investigated and have taken action. This individual is no longer employed at our firm."KOHL’S UNDER FRESH PRESSURE AS SYCAMORE EXPRESSES INTEREST AFTER ACACIA MADE BIDFrank J. Riccio II, the lawyer for Iannazzo, released a statement to Fox 61 that said his client "wholeheartedly regrets the incident" that occurred on Saturday afternoon. He said his client "stressed" to the workers there that the beverage should not contain peanuts. His son has a severe allergic reaction "which required transport via ambulance to the hospital."
5 hours ago | BloombergChina Supports "Little Giants" Amid Tech War With U.S.
Companies such as Alibaba Group Holding Ltd.and Tencent Holdings Ltd. have been dominating China's technology industry for the last decade. But now "little giants" are on the rise. The government is providing special support to thousands of startups that are working in strategically-important sectors. Peter Elstrom on reports on "Bloomberg Markets: Asia."
6 hours ago | MarketWatchAsian markets mostly lower amid worries over Wall Street, Fed meeting
Shares were mostly lower in Asia on Monday after Wall Street logged its worst week since the pandemic began in 2020.
6 hours ago | BloombergBull Market Still Intact Structurally, Bank of Singapore Says
Eli Lee, head of investment strategy at Bank of Singapore, discusses the outlook for financial markets and the opportunities he sees. He speaks with Rishaad Salamat and Haslinda Amin on "Bloomberg Markets: Asia."
6 hours ago | MarketWatch‘They’ve shown no remorse’: My relatives agreed to rent my apartment, but they never moved in. I was stuck paying the rent for 2 months
'I put the rent money on a credit card, and I got a second job to pay for it.'
7 hours ago | BloombergFitch Ratings: Yuan Sees Modest Appreciation in 2022
Andrew Fennell, director of sovereigns at Fitch Ratings, discusses policy easing in China, policy divergence with the fed and his outlook for the economy. He speaks on "Bloomberg Markets: China Open."
7 hours ago | CNBCNo respite for China's stressed out supply chains as Covid-zero and new year holidays take a toll
Covid lockdowns, quarantines and restrictions are causing a backlog in some of China's major ports, resulting in "chaos" and pushing up air freights by as much as 50% in some cases, analysts tell CNBC.Ahead of the extended Lunar New Year holiday in China, air freight rates have spiked and some shipping firms have suspended services, putting the spotlight on overwhelmed supply chains again.It comes as China pushes ahead with its zero-Covid strategy — which means a recent spike in infections has resulted in lockdowns and curbs in the largest port hubs and major cities across the country."Although ports are still open, current restrictions – like mandatory quarantines and testing – continue to slow down transport and cause delays," Atul Vashistha, founder and chairman of supply chain consultancy Supply Wisdom, told CNBC.
8 hours ago | BloombergFortescue on Accelerated Path for Net-Zero Emission: CEO
Elizabeth Gaines, chief executive officer at Fortescue Metals Group Ltd., discusses the company's clean energy ambitions, the agreement to buy Williams Advanced Engineering Ltd. and her outlook for the company. She speaks exclusively on "Bloomberg Daybreak: Asia."
8 hours ago | FOX BusinessBritishvolt signs agreement to develop high-nickel EV batteries
LONDON - Electric vehicle (EV) battery startup Britishvolt said on Monday it has signed an agreement with a UK government-backed research facility to develop batteries with high nickel content and more energy-dense materials as it gears up for mass production.Demand for nickel is expected to jump over the next decade as EVs go mainstream. Nickel bolsters energy storage in a battery's cathode, which in turn extends an EV's range.The auto industry is scrambling to boost EV range with large investments in research into more energy-dense batteries.CAR COMPANIES PLAN FOR ELECTRIC VEHICLES BY 2040, BUT INFRASTRUCTURE DEMANDS POSE MAJOR STUMBLING BLOCKBritishvolt said it has reached a two-year, multi-million pound agreement with the UK Battery Industrialisation Centre (UKBIC) to develop, assemble its next generation of sample battery cells for mass production and commercialisation.
9 hours ago | FOX BusinessKohl's under fresh pressure as Sycamore expresses interest after Acacia made bid
U.S. department store Kohl's Corp may soon receive a second takeover offer as private equity firm Sycamore Partners prepares to make a bid only days after a consortium backed by activist investment firm Starboard Value proposed buying the company, three sources familiar with the matter said on Sunday.Sycamore Partners has reached out to Kohl's about a potential offer that would value the company around $9 billion, one source said. The firm is willing to pay at least $65 a share in cash for the company, the source said.The news comes two days after Acacia Research, which is backed by Starboard, offered to pay $64 a share for Kohl's, confirming a Reuters report last week that Acacia had reached out to the company to express its interest in a takeover.KOHL’S IS URGED BY MACELLUM TO MAKE CHANGES OR EXPLORE SALE
9 hours ago | BloombergU.S. Orders Families of Diplomats to Leave Ukraine
The United States has ordered families of diplomats to leave Ukraine saying Russia could decide to invade at any time and White House sources have told Bloomberg the U.S. Embassy in Ukraine will continue operations though officials still believe a Russian invasion could occur at any time. Bloomberg's Bruce Einhorn reports on "Bloomberg Daybreak: Asia."
9 hours ago | FOX BusinessActivist investor Blackwells Capital pushes Peloton to fire CEO
Activist investor Blackwells Capital LLC wants exercise equipment maker Peloton Interactive Inc. to fire its chief executive and consider selling itself to a fitness or technology company, two sources familiar with the matter said on Sunday.The pandemic turned Peloton which offers stationary bikes and treadmills with livestreamed workouts from popular instructors into one of the market's hottest stocks, but the company's stock price has plummeted 84% in the last year.Peloton is now valued at roughly $8 billion down from $50 billion at the peak of its popularity roughly a year ago.PELOTON STOCK TANKS ON BIKE PRODUCTION HALT REPORT, COMPANY SAYS CLAIMS ARE FALSEBlackwells is blaming John Foley, Peloton's co-founder and chief executive, for strategic missteps including manufacturing strategies that have contributed to the sharp drop in the stock price and now wants the board to replace him, the sources said.
9 hours ago | BloombergSuntory to Raise Wages Above Government Guidelines, CEO Says
Takeshi Niinami, chief executive officer of Suntory Holdings, the world's third-largest whisky maker and also one of Japan's largest beermakers, discusses how the coronavirus pandemic is affecting businesses in the country. He also talks about the wage negotiations between Japanese companies and labor unions, supply-chain disruptions, and explains why he thinks water shortage will be a major global issue in the near future. He speaks on "Bloomberg Daybreak: Asia."
9 hours ago | BloombergFed Will Hike Rates 4 Times in 2022: Nomura's McCafferty
Jim McCafferty, joint-head of APAC equity research at Nomura, discusses Fed policy, how aggressive the hikes will be and his outlook for PBOC policy. He speaks on "Bloomberg Daybreak: Asia."
9 hours ago | FOX BusinessCostco is taking on Starbucks
Costco is offering a cheaper alternative to Starbucks' roughly $5 bacon and gouda breakfast sandwich. For around $12.50, Costco shoppers can have breakfast covered for eight days in a row with a frozen pack of bacon, gouda, and egg sandwiches on ciabatta rolls. At that price, it’s roughly $1.60 per sandwich – which is significantly less than the $5 a Starbucks patron would spend on the coffee giant’s breakfast sandwich. MEAT IS PILING UP AT STEAKHOUSES AS COVID-WORRIED PATRONS CANCEL RESERVATIONSThe independent Instagram account, Costco Hot Finds, which features products from the company, says the sandwiches are best cooked at around 335 degrees for six minutes – while flipping the ciabatta roll for the last two. CLICK HERE TO GET FOX BUSINESS ON THE GOCostco's members can find these breakfast sandwiches in the store’s frozen food aisle or request Item Number 1584153 for the stores that don’t have them.
9 hours ago | FOX BusinessWynn Resorts looks to sell online sports betting biz at deep discount
Wynn Resorts is looking to unload its online sports-betting business at a steep discount as the fledgling niche faces painful losses from stiff taxes and costly promotions needed to lure customers, The Post has learned.The Las Vegas-based casino giant is quietly shopping its Wynn Interactive unit — operator of the WynnBet online gaming app — and has slashed the asking price to $500 million after floating a $3 billion valuation less than a year ago, a source close to the situation told The Post.The fire sale comes less than six months after Wynn was publicly readying a splashy spring launch for WynnBet, signing up NBA legend Shaquille O’Neal as a brand ambassador. O’Neal even sold his minority stake in the Sacramento Kings NBA team so he could work closely with Wynn without breaking the league’s gambling rules.
9 hours ago | FOX BusinessWant to snag NFC championship ticket? Might be hard if you don't live in LA
Now that it’s official the Los Angeles Rams will be hosting the San Francisco 49ers in a third meeting this season between the NFC West rivals, the Rams are willing to do whatever it takes to make sure they have a true home-field advantage.The Rams and 49ers will play at SoFi Stadium next Sunday, and Los Angeles is making sure there will be little-to-no Niners fans in attendance. A 49ers beat reporter took a screenshot of a disclaimer to buy tickets for the game, and it said that public sales will be restricted to the Greater Los Angeles region.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COMIf fans outside the region order tickets, they will be canceled without notice and refunds will be given.MATTHEW STAFFORD LEADS RAMS OVER TOM BRADY, BUCS; ADVANCE TO NFC TITLE GAMEBack in Week 18 when the 49ers traveled to Los Angeles to face the Rams, SoFi Stadium was filled with San Francisco fans, in a must-win game to clinch a playoff berth. Fast-forward three weeks later, the two rivals will square off once again with the opportunity to advance to Super Bowl LVI.
10 hours ago | BloombergHong Kong Reports 140 Covid Cases, Highest Number in Year
A new outbreak is testing Hong Kong's zero-Covid strategy, with a 140 new cases reported Sunday. That's the most in more than a year. Meanwhile, a cluster in Beijing continues to grow as authorities try to contain the outbreak two weeks before the official start of the Winter Olympic Games. Stephen Engle reports on "Bloomberg Daybreak: Asia."
10 hours ago | FOX BusinessTom Brady's company hints at whether QB is up for another season
Tom Brady’s future with the Tampa Bay Buccaneers, and in the NFL in general, appeared to be cloudy as the team lost to the Los Angeles Rams in the NFC playoffs on Sunday evening.While multiple reports indicated that Brady was "noncommittal" about his return next season, Brady’s company TB12 Sports suggested there’s still possibly one more season in the seven-time Super Bowl-winning quarterback.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM"You win or you learn," the company tweeted."There are no failures, only lessons. When you fall you need to pick yourself up with greater enthusiasm than you went down. Now we look back on an incredible season, learn our lessons, and get up... because even greater things are coming."#KeepGoing."TOM BRADY LAUNCHES NEW ATHLETIC CLOTHING BRANDBrady helped the Buccaneers come back against the Rams. He had a 55-yard touchdown pass to Mike Evans to help cut a 24-point deficit to just seven. Leonard Fournette would tie the game on a touchdown run but a home-run swing from Los Angeles set up the eventual game-winning field goal.
10 hours ago | BloombergCrypto Currencies Meltdown Erases More Than $1 Trillion in Market Value
The rollercoaster ride for crypto currencies continues. Digital coins from Bitcoin to Ether to Solana were crushed in a brutal selloff last week. Su Keenan reports on "Bloomberg Daybreak: Asia."
End of News List
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