Horror year of wild weather sparks jump in insurance complaints

Customer complaints about home and motor insurance have surged as the industry faces a wave of payouts for floods, storms and other natural disasters, which has led to delays in sorting out claims. Figures from the Australian Financial Complaints Authority (AFCA) will on Wednesday show a horror year of natural disasters helped drive a sharp lift in complaints about delays […]

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6 Industrial Stocks BofA Says Will Stand Up to Inflation

Industrials have long been a stable bet among U.S. equities paying reasonable dividends with a relatively defensive standing in the market. While they are not as volatile as tech firms or other growth stocks, they are consistent and they tend to hold up well in recessionary times. One big Wall Street firm thinks that it has picked out some winners […]

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Elon Musk says Tesla factories are 'losing an insane amount of money'

London (CNN Business)Global supply chains are still a snarled mess, disrupting deliveries of goods, adding to headaches for businesses and feeding the worldwide surge in inflation. The good news: There are some indications that the situation is beginning to get better. The bad news: Huge risks — from another spike in coronavirus cases to labor disputes involving US rail workers […]

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Earnings Previews: Abbott Labs, ASML, Baker Hughes, Netflix, Omnicom

The three major U.S. equity indexes closed higher on Friday. The Dow Jones industrials gained 2.2%, the S&P 500 added 1.9% and the Nasdaq rose by 1.8%. All 11 S&P sectors closed higher, led by financials (3.4%) and communications services (2.6%). For the week, the Dow slipped by 0.2%, the S&P 500 retreated 0.9% and the Nasdaq lost 1.6%. Looking […]

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Macao to extend casino closures due to COVID lockdowns

video FOX Business Flash top headlines for July 11 Check out what’s clicking on FoxBusiness.com. The casino closures in Macao that were expected to expire on Monday will now be extended until Friday, July 22. The casino shutdown went into effect on July 11. A COVID-19 outbreak has Macao largely restricting people to their homes. All businesses have been ordered […]

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Friday’s Top Analyst Upgrades and Downgrades: AMD, Amazon, Juniper Networks, Medical Properties Trust, Mosaic, Payoneer, Tesla and More

The futures were trading higher on an options expiration Friday, as we get set to wrap up a dumpster-fire week that featured two horrific inflation reports that have assured consumers and investors of a 75-basis-point increase in the federal funds rate at the end of the month. To make things worse, a full 1% increase is being priced at an […]

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Hear Biden's message to gas companies after announcing gas tax holiday

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York (CNN Business)US markets took a beating on Thursday as big bank earnings delivered disappointing results.  Markets and the economy have endured […]

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FDA authorizes Novavax COVID-19 vaccine for emergency use

video Doctor reveals how COVID-19 vaccines for specific variants may be beneficial IWF senior fellow Dr. Qanta Ahmed gives her take on vaccines to target the COVID-19 omicron variant on ‘Fox Business Tonight.’ The FDA authorized Novavax's vaccine for emergency use on Wednesday, giving Americans another option and an alternative to the mRNA vaccines that have predominantly been used so […]

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6 Beaten-Up Tech Stocks Canaccord Genuity Says Buy Now

Equities have continued their plunge into bear market territory, and none have been feeling it worse than tech stocks. While investors are looking for safe havens to ride out the bear market, there are plenty of beaten-up tech stocks that are expected recover handily through the rest of the year, at least according to this major Wall Street brokerage house. […]

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