New OECD data sheds light on multinationals profit-shifting to cut taxes
Data indicates corporations tend to book profits in low tax financial hubs rather than where they really do much of their business
Samsung projects 23% jump in profit on strong chip sales
Finalized earnings will be released later this month
Nasdaq hits 22nd record as new quarter begins
U.S. equity markets built on gains from the best second quarter in two decades amid a gradual nationwide reopening from coronavirus lockdowns.
World's largest gold mining complex beats first-year targets despite coronavirus
Nevada Gold Mines, the joint venture between Barrick Gold and Newmont, is mining almost 4 million ounces a year.
Macy's takes $3.2B coronavirus hit
Macy's took a $3.2 billion first-quarter writedown due to the impact of COVID-19.
FedEx says coronavirus shopping helped offset commercial slowdown
Shares of FedEx surged more than 8 percent in after-hours trading on the company's earnings report
Dow posts best quarter since 1987 as stocks rebound from coronavirus lows
US stocks post the best quarterly performance in decades.
The future of fast food has arrived ahead of schedule
These chains have responded to the crisis by reducing menu options, closing dining rooms and offering better deals. As a result, customers have been returning in large numbers.
Nike posts $790M loss after coronavirus pandemic shuttered stores
Nearly all of Nike's stores were forced to close for two months as the pandemic worsened.
Olive Garden owner Darden slims down menus for coronavirus era
Businesses built around in-restaurant dining were hit especially hard by coronavirus lockdowns that forced them to refocus on pick-up and delivery.
Vitamin chain GNC files for bankruptcy, may close 1,200 stores, sell
Business operations will continue, and fewer than 500 stores remain closed because of the pandemic.
Sherwin-Williams raises sales guidance as consumers doing DIY projects drive unprecedented demand
The Sherwin-Williams Co. on Monday increased its sales guidance for the second quarter, citing greater-than-expected demand in its North American architectural business.
Wirecard says missing $2.1B likely did not exist; withdraws forecasts
Chief Executive Officer Markus Braun quit on Friday
Hard seltzer, beer sales surging amid coronavirus
FOX Business' Grady Trimble on why beer and hard seltzer sales soared
Nasdaq wins as Dow, S&P fall in volatile end to week
Stocks post weekly gains amid a surge in volatility.
Gun permits surged during coronavirus in liberal-leaning states: Report
Smith & Wesson earnings, released Thursday, show consumer firearm demand is strengthening.
Kroger still in 'uncertainty' mode despite 92% jump in digital sales: CEO
Kroger said its digital sales grew 92 percent in the first quarter when it reported earnings on Thursday.
Carnival expects to burn about $650M a month for 2020 second half
Carnival Corp., which has been battered by the Covid-19 pandemic, said it expects to burn about $650 million a month for the second half of the year as many of its ships remain idle.
Money-losing Mitsubishi says executives will take pay cuts
The executives' pay cuts amount to a reduction by about 45% of their overall pay by lowering salaries and foregoing performance-linked bonus pay.
Nasdaq rises as Dow, S&P 500 slip
Investors got hit with another dose of volatility.