Stock Market News: Debt ceiling looms, IRS mulls new tax prep arm, EU on Microsoft-Activision deal
Investors are waiting on lawmakers and President Biden to restart debt talks as early as Tuesday as the deadline looms, shares of tax preparers H&R Block and Intuit fell as the IRS reportedly mulls creating their own rivals and European regulators may decide on Microsoft’s $69 billion acquisition. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
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| Symbol | Price | Change | %Change |
|---|---|---|---|
| MA | $383.41 | 1.49 | 0.39 |
| V | $232.81 | 1.43 | 0.62 |
| DFS | $97.04 | 1.81 | 1.90 |
| COF | $89.12 | 2.78 | 3.22 |
Americans are still loading up on debt according to the New York Federal Reserve's latest check on household spending.
A high ranking, long-time executive at 3M, the maker of Post-it notes and Scotch Tape, has been fired over inappropriate behavior.
Lawmakers are expected to head back to the negotiating table on Tuesday to tackle the looming debt ceiling. A potential lapse, if no deal is reached, as CEOs preparing for the worst.
Photographer: Gabby Jones/Bloomberg via Getty Images
Shares of SoFi sank after Wedbush Securities cut the stock to underperform from neutral raising concerns about capital levels.
In a January interview with FOX Business, CEO Anthony Noto explained the financial firm's strategy to take on big banks. This preceded the collapse of Silicon Valley Bank and Signature Bank.
Three of the nation's largest retailers, Home Depot, Target and Walmart, will report earnings Tuesday, Wednesday and Thursday, providing a fresh snapshot of how Americans are dealing with inflation.
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