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.
BP cuts dividend as coronavirus speeds up push into greener energy
BP announced a $16.8 billion pre-tax loss and cut its dividend in half.
Lord & Taylor files for bankruptcy; Microsoft in talks to buy TikTok
Fox Business Briefs: Luxury department store Lord & Taylor files for bankruptcy one year after closing its 11-story flagship building on New York's Fifth Avenue.
Tech giant reporting high second-quarter earnings, despite the pandemic
Amazon posts a record second-quarter profit of $5.2 billion resulting from a spike in online shopping.
California governor asks Warren Buffett to back dam removal
Efforts to remove the dams and restore the basin have been in the works for a dozen years
Pharma giant starts its first human safety trials of its coronavirus vaccine candidate
Fox Business Briefs: Johnson and Johnson reports progress in preliminary testing of an experimental coronavirus vaccine.
Dunkin Brands weathers coronavirus, reinstates dividend
Comparable sales have shown improvement every week of this month, reaching the low single digits by July 25.
What is the difference between common and preferred stock?
Investors must decide whether to buy common or preferred shares of a company: here's the difference.
What is a golden cross?
Golden crosses usually don’t occur until an index or security has already begun its uptrend.
Coronavirus lockdown measures lead to a drop in sales for McDonald's
Fox Business Briefs: McDonald’s global sales were down nearly 24-percent in the spring quarter in the U.S., the decline was more than 8-and-a-half percent.
NY concert with Goldman Sachs chief, The Chainsmokers to be investigated over 'egregious' social-distancing violations: Cuomo
Gov. Cuomo investigating Hamptons charity concert with Goldman Sachs boss David Solomon and the Chainsmokers over social distancing violations.
Goldman Sachs revamps employee reviews, opening door to greater job cuts
Goldman Sachs Group Inc is adopting a performance review system that will grade up to 10% of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made in recent years.
Universal Studios canceling their famous 'Halloween Horror Nights'
Fox Business Briefs: Theme park announces that its annual Halloween event will be canceled due to operating restrictions linked to the coronavirus pandemic.
'Capital war' possible if US bans investment in China or withholds bond payments: Ray Dalio
In an interview with "Sunday Morning Futures" host Maria Bartiromo, Bridgewater Associates Founder Ray Dalio warned of a potential capital war if the United States government bans investment in China or withholds its bond payments to the country.
How Blackstone CEO Stephen Schwarzman's $330M mistake improved the company's investment process
In 1989, Blackstone CEO Stephen Schwarzman approved the $330 million purchase of steel company Edgcomb, which ended up being a costly mistake for the private equity firm.
Investor anxiety turns to greed, driving risky market 'melt-up'
Some analysts see recent signs of a "melt-up" in which investors are buying things simply because they are rising, with little regard for economic fundamentals or the mixed signals sent by assets including stocks and bonds rising together.
Hedge fund to pay $312M for McClatchy newspaper chain
Chatham said Friday that it plans to offer employees at the 30-newspaper chain their current jobs with the same pay and benefits, and it will honor collective bargaining agreements.
Ex-Bridgewater Associates Co-CEO Eileen Murray sues firm
Former Bridgewater Associates co-Chief Executive Eileen Murray filed suit against her ex-employer on Friday, alleging Bridgewater is withholding $20 million to $100 million in deferred compensation because she has disclosed a gender-discrimination dispute she is involved in with the firm.
Bridgewater Associates lays off several dozen employees
Bridgewater, the world’s largest hedge fund, made cuts in its research department and client-services team as well as among its recruiters
Amazon accused of stealing ideas from start-ups; Disney makes changes to movie schedule
Fox Business Briefs: E-commerce giant Amazon accused of stealing ideas from start-ups that it invested in before launching competing products.
Goldman Sachs reaches $3.9B settlement in 1MDB money-laundering case
Goldman has agreed to pay the government of Malaysia $2.5 billion and to guarantee that it gets at least $1.4 billion in proceeds from assets that have been seized around the globe.





















