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.
Chinese companies put U.S. listing plans on ice as tensions mount
Chinese companies are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters.
Wendy's says the beef is back; coronavirus takes a toll on retail
Fox Business Briefs: Wendy's says its beef supply has returned to near-normal levels after a shortage left some restaurants without hamburgers.
After dumping Warren Buffett and Berkshire Hathaway, Ackman says his hedge fund is up big
William Ackman's hedge fund is boasting double-digit gains at a time many portfolios have sunk along with the economy during the coronavirus pandemic, after the billionaire investor plowed cash into a number of companies he already owned and dumped Warren Buffett's Berkshire Hathaway among other stocks.
Gloomy outlook for US airlines; strong recovery for the massage industry
Fox Business Briefs: U.S. airlines facing a cloudy future despite billions of dollars of stimulus from taxpayers as carriers still plan big reductions in flights, planes and employees.
Is your target date investment letting you down?
The recent market downturn has showed that some target date strategies suffered much bigger losses than others, especially for investors nearing retirement.
Activist investor targets Activision Blizzard CEO’s ‘exorbitant’ pay package
Activision Blizzard CEO Robert Kotick has received a combined $96.5 million in stock/option over the last four years, CtW Investment Group wrote.
US billionaires' wealth has increased by 19% since coronavirus lockdown
On March 18, the stock market had already dropped about 29 percent from its Feb. 19 peak.
Universal Orlando reopens its doors; US jobs report comes in much better than expected
Fox Business Briefs: Universal Orlando becomes the first major theme park to reopen to the general public.
Think you can't afford to invest? 3 reasons to think again
The coronavirus has shuttered the economy for months, but there's no reason to not invest right now. Consider these three big reasons you may be able to save something for the future even if your extra money is limited.
Goldman Sachs executive's email making plea for racial equality goes viral at firm
The email coincides with other Wall Street executives and companies speaking out against racial inequality
Who owns the Green Bay Packers?
The Packers are the only publicly traded team in major U.S. pro sports.
What is a dead cat bounce?
A dead cat bounce is a short-term recovery in an asset's price that follows a steep decline.
Airlines get the OK to cut service at 75 airports; FedEx adding new delivery fees
Fox Business Briefs: 15 U.S. airlines now have permission to halt service to 75 domestic airports as fewer people are flying during the coronavirus pandemic.
Varney: Why we’re seeing the most 'explosive' market rally ever
FOX Business' Stuart Varney during his latest "My Take” argues supply and demand is the backdrop of the "spectacular" stock market rally.
Google faces $5 billion lawsuit; new report on job losses comes in below estimate
Fox Business Briefs: Google sued in a proposed class action accusing the internet giant of illegally collecting data from users with browsers set in 'private' mode.
Starbucks continues to cut back during the coronavirus pandemic; Hollywood gets ready for its close up
Fox Business Briefs: Starbucks will continue to cut employee hours after it decided to keep most of its dining rooms closed during the coronavirus pandemic.
Who are the longest-serving CEOs in the US?
Plenty of companies struggle with CEO turnover, but these businessmen have managed to hold onto their positions for not just years but decades.
Delta and pilots' union work to avoid furloughs; first human tests of COVID-19 antibody treatment begins
Fox Business Briefs: Delta Air Lines and its pilot union are working to avoid furloughs of about 2,300 pilots.
Who is Treasury Secretary Steven Mnuchin?
Treasury Secretary Steven Mnuchin spent 17 years at Goldman Sachs, where his father had also worked. He got a job there right after graduating from Yale University with a degree in economics.
UPS adding peak delivery surcharges to e-commerce companies; Champagne sales fizzle
Fox Business Briefs: UPS has been swamped with demand for package delivery during shutdowns and says it will start charging companies more for shipping.