White House touts plan to provide $1K investment accounts for newborns
White House to host event with CEOs to promote "Trump Accounts" policy giving newborn U.S. citizens $1,000 investment funds for education, housing and business expenses.
Accounting rule Warren Buffett loathes boosts Berkshire's bottom line to $81B
About $53.7 billion of the 2019 profit was due to appreciation in the value of the Omaha, Nebraska-based company's stock holdings, which regulators now require Berkshire to include in its bottom line even though Warren Buffett didn't cash in on the gains by selling shares.
Why Warren Buffett likes elephants and moats
Warren Buffett's annual shareholder letter is a treasure trove of clues.
Sprint, T-Mobile revise merger terms; Gap makes major changes
Fox Business Briefs: T-Mobile and Sprint have agreed on new terms for their deal after overcoming a federal court challenge.
Amazon removes 'coronavirus kill' products; Twitter considers new ways to fight misinformation
Morning Business Outlook: Amazon says it's removing items from its marketplace claiming to cure, treat or prevent the coronavirus.
Billionaire Steyer agrees with Sanders: 'Unchecked capitalism has failed'
The U.S. government has been working harder to meet the needs of fossil fuel companies rather than American citizens, according to Democratic presidential contender Tom Steyer.
Viral KFC item going national; worst airline for baggage
KFC is rolling out its Kentucky Fried Chicken & Donuts sandwich nationwide; American named airline most likely to mishandle customer baggage in 2019 according to the Department of Transportation.
Victoria's Secret may go private; Nissan tests monthly subscription service
Morning Business Outlook: Parent company L Brands is close to a deal to sell control of Victoria's Secret to a private equity firm in a transaction that values the lingerie brand at $1.1 billion.
McDonald's Shamrock Shake is back; Peeps unveils new flavors
Fox Business Briefs: McDonald's Shamrock Shake is now available to celebrate the drink's 50th anniversary.
Bloomberg spokesperson confirms presidential candidate would sell the company if elected president
Morning Business Outlook: Spokesperson for presidential candidate Michael Bloomberg confirms that the former New York mayor would sell his media company if elected president.
Warren Buffett's 5 biggest stock holdings
Berkshire Hathaway's biggest holding was Apple.
Apple cuts sales targets over coronavirus; Pier One files for bankruptcy
Fox Business Briefs: Apple is blaming the coronavirus outbreak for cutting its sales in the second quarter; Pier One Imports files for Chapter 11 bankruptcy protection.
Apple issues a revenue warning due to the coronavirus; The Boy Scouts of America files for bankruptcy
Morning Business Outlook: Investors watching shares of Apple after the company issued a revenue warning due to the coronavirus outbreak; The Boy Scouts of America files for bankruptcy while facing hundreds of sexual abuse lawsuits with thousands of v
Bloomin' Brands to cut $40M in costs, continues to mull sale
Bloomin' Brands Inc. said it is targeting $40 million in cost cuts over the next two years and doubled its dividend, but is still considering a sale.
US government auctioning 4,000 bitcoins worth $39M recovered from criminal cases
The U.S. government on Tuesday is auctioning more than 4,000 bitcoins --- worth nearly $39 million --- that were recovered from criminal cases.
Arby's debuts their own fish sandwich; automakers drive out big Presidents Day deals
Arby's trolls McDonalds with a new fish sandwich campaign just in time for Lent; Presidents Day comes with big deals on car lots across America.
February is a stock love fest for investors
The American economy, earnings and politics are helping drive stocks.
Buffett's Berkshire Hathaway buys Kroger stock for first time
The Oracle of Omaha makes a key purchase.
'Fortnite' users subject to tax on in-game currency? IRS confuses taxpayers
The agency issued updated guidance after initially including "Fortnite’s" V-bucks as an example of a convertible virtual currency.
UFC doling out $300M to celeb investors amid fighters' underpayment complaints: Report
The Ultimate Fighting Championship is coughing up heaps of money in dividends to big-name investors as mixed martial arts fighters claim they were underpaid.
Amazon gets some good news; Wayfair cuts jobs
Fox Business Briefs: Small win for Amazon as a federal judge agrees to temporarily block Microsoft from beginning work on the Pentagon's multi-billion dollar cloud computing contract.