IBM exceeds Wall Street expectations with $ 1.33 billion in revenue

[ad_1] UMD Economist Peter Morici and Bahnsen Grop Managing Director David Bahsen discuss reopening stocks on ‘Kudlow’ International Business Machines Corp. (IBM) reported second-quarter profit of $ 1.33 billion on Monday. GET FOX BUSINESS ON THE GO BY CLICKING HERE On a per share basis, the Armonk, New York-based company said it had net earnings … Read more

As stablecoins explode in popularity, regulators are preparing a response.

[ad_1] Top U.S. financial regulators met on Monday to discuss stablecoins, the asset-backed digital currencies that are exploding in popularity so quickly the government is struggling to keep up – and that policymakers increasingly see as a risk. for financial stability. Stablecoins are cryptocurrencies that derive their value from a currency or a basket of … Read more

EXCLUSIVE: Nets to host training camp in San Diego

[ad_1] NetsDaily has learned that the Brooklyn Nets will be holding their training camp this year in San Diego, where co-owners Joe and Clara Wu Tsai have a home. The camp is scheduled to open on September 28. As previously reported, the Nets will open their preseason against the Lakers on October 3 at Staples … Read more

Amazon Ends On-Site Covid Testing for Warehouse Workers

[ad_1] The company informed workers that it would stop offering onsite testing after July 30, according to a notification Amazon shared with workers in its employee app, called A to Z, viewed by CNN Business. The company cited that Covid-19 tests and vaccines are now widely available. Amazon (AMZN) confirmed to CNN Business that it … Read more

Tiffany and Costco settle ring lawsuit after 8 years

[ad_1] Find out what clicks on FoxBusiness.com. Tiffany & Co. and Costco Wholesale Corp. ultimately reached a settlement agreement over the jewelry store’s eight-year lawsuit accusing Costco of counterfeiting and trademark infringement for selling a “Tiffany” ring setting. CLICK HERE TO LEARN MORE ABOUT FOX BUSINESS Lawyers for both companies requested that the case be … Read more

$ 26 Billion State-Pharma Opioid Settlement Expected This Week

[ad_1] Thousands of opioid lawsuits against major drug manufacturers and distributors are about to end, with the outlines of a $ 26 billion deal between states and four companies expected to be announced this week and a $ 1 billion settlement to resolve some of New York’s claims likely on Tuesday, people familiar with the … Read more

Biden to bring in Hill’s former aide for treasurer position overseeing financial rules

[ad_1] WASHINGTON – President Biden plans to appoint Graham Steele as Assistant Secretary of the Treasury for Financial Institutions, a move that would put a longtime congressman with ties to progressives at the center of efforts to refocus financial rules on issues such as climate change and racial equity. Mr. Steele, a former Democratic counsel … Read more