Tesla cutting car prices; KFC testing a new twist on its classic chicken sandwich
Fox Business Briefs: Electric car company Tesla is cutting prices as much as 6 percent; KFC is testing a new, premium chicken sandwich replacing the Crispy Colonel sandwich.
New York Stock Exchange enters new era of trading; Warner Music looking to raise money for IPO
Fox Business Briefs: New York Stock Exchange reopens trading floor two months after the COVID-19 pandemic forced it to close; Warner Music looking to raise $1.8 billion in its IPO on the Nasdaq Stock Exchange.
Anheuser-Busch has a plan for all that beer that expired in coronavirus shutdowns
As bars and eateries work to reopen, the company wants to lend a helping hand.
Debt concerns loom over Hertz; AAA keeps quiet on Memorial Day travel
Fox Business Briefs: New York Post reports Hertz has been delaying paying an important bill, hoping to put it off until after business improves; AAA is not issuing its annual Memorial Day travel forecast for the first time in 20 years.
More jobless claims as economic fallout from coronavirus continues; Macy's opening stores for Memorial Day
Fox Business Briefs: 2.2 million new claims for unemployment benefits in the week ending May 16 just about match economists' expectations; Macy's is opening more stores for the Memorial Day weekend.
Johnson & Johnson to stop selling talc-based baby powder in US; United teams up with Clorox
Fox Business Briefs: Johnson & Johnson says it will stop selling talc-based baby powder in the United States; United Airlines partners with Clorox and the Cleveland Clinic to keep customers and employees safe at the airport and in planes.
Walmart beats earnings estimates; Pier 1 wants to close down business
Fox Business Briefs: Walmart reports higher-than-expected earnings in first quarter boosted by a 74 percent increase in online sales; Pier 1 seeks court approval to begin an orderly wind down of the business as soon as stores can reopen.
J.C. Penney files for bankruptcy; Kroger says 'thank you' to its employees
Fox Business Briefs: Coronavirus pushes another retailer over the edge as J.C. Penney files for bankruptcy; Kroger is giving $130 million to its employees to say thank you for working during the pandemic.
US companies discover the dark side of a COVID-19 business boom
While some companies are seeing a boom in business amid the deadly pandemic, there’s a dark side to that surge, both in terms of cost and complexity. Some of the big-ticket items of added costs include cleaning, temperature scanners, production time, and even management issues, as companies scramble to meet COVID-19 guidelines.
Tyson lowering beef prices; coronavirus slows down runway fashion
Fox Business Briefs: Tyson Foods slashes beef prices saying they want to keep the beef on family tables; Dolce & Gabbana say after COVID-19 pandemic the fashion industry will have to adapt.
Order cancellations for new planes mount at Boeing; Steak 'n Shake taking a hit
Fox Business Briefs: Boeing received no new orders for planes in April while orders for 108 planes were canceled; Steak 'n Shake permanently shutting the doors to 10 percent of its restaurants amid coronavirus crisis.
Toyota predicts sales will bounce back by end of the year; United Airlines makes policy change for full flights
Fox Business Briefs: Toyota says it sees business slumping by 20 percent this year and its profit down nearly 80 percent but predicts the market will bottom out by June and return to normal levels by the end of the year; United Airlines will let customers rebook if their flight is too full.
Tesla threatens to move out of California; Amazon reportedly interested in buying movie theaters
Fox Business Briefs: Tesla is suing the state of California in an attempt to reopen its factory in Fremont while CEO Elon Musk is threatening to move its headquarters or future programs to Texas or Nevada; The Daily Mail says Amazon is interested in buying AMC Theaters.
Unemployment in US reaches record highs; White House considers another tax deadline extension
Fox Business Briefs: April jobs report showing a historic loss of 20.5 million jobs; White House reportedly considering a September extension to tax filing.
Apple gives millions of dollars to fund COVID-19 testing; Gap plans to reopen stores with new look
Fox Business Briefs: Apple investing $10 million in coronavirus testing, aiming to make 1 million test kits a week by July; Gap plans to reopen stores and will be adding a plexiglass at registers along with tables at the entrances with hand sanitizer.
First official Space Force recruitment video says maybe your purpose ‘isn’t on this planet’
Air Force Secretary Barbara Barrett said there's been an "avalanche of applicants" for the Space Force.
Rascal Flatts' lead singer joins coronavirus relief effort
The virtual charity event raised more than $300,000 for coronavirus relief and featuring a heart-felt performance by Rascal Flatts lead singer Gary LeVox.
Coronavirus-hit small businesses cut jobs while waiting for relief money
ADP said its small business customers slashed more than 11 million jobs in April.
Starbucks readies partial store reopenings; Lord & Taylor plans to liquidate inventory
Fox Business Briefs: Starbucks plans to reopen 85 percent of U.S. cafes emphasizing mobile ordering, contact-less pickup and cashless payments; Lord & Taylor reportedly looking to liquidate all of its 38 department stores once retail locations can safely reopen.
Nike helping frontline workers fighting coronavirus; Pfizer testing vaccine to prevent COVID-19
Fox Business Briefs: Nike donating $5.5 million worth of products to health care workers dealing withe coronavirus pandemic; Pfizer now testing an experimental vaccine to prevent COVID-19 in healthy volunteers.