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.
Tesla set to slash salaries and furlough non-essential workers; Chick-fil-A adds hand washing stations at drive-thrus
Fox Business Briefs: Tesla set to furlough non-essential workers and slash salaries by at least 10 percent.
The 10 richest billionaires in the world in 2020, despite coronavirus
All 2,095 billionaires are worth about $8 trillion, which is $700 billion less than they did in 2019, according to Forbes.
Some relief for Airbnb; Peloton's live classes are going dark
Fox Business Briefs: Airbnb raises money from private equity giant Silver Lake and the investment firm Sixth Street Partners who will now own part of the struggling home-sharing company.
Airlines cuts over 90 percent of flights to NYC area; Walmart takes more steps to keep shoppers, staff safe
Fox Business Briefs: American and United Airlines temporarily suspending over 90 percent of flights to the New York City area, a coronavirus hotspot; Walmart now limiting the number of customers in a store at a time.
In coronavirus pandemic, Warren Buffett sells some Delta, Southwest airlines stock
Shares of both airlines plunged in after-hours trading Friday.
American Airlines reportedly slashing international flights; Walt Disney to furlough non-essential workers
Fox Business Briefs: American Airlines reportedly plans to slash its international summer schedule by 60 percent due to the coronavirus pandemic.
Coronavirus slows, but doesn't stop real estate lending: Report
Some types of properties have seen more interest from investors than others.
Boeing considers new steps to control costs; Zoom takes off in the stay-at-home era
Fox Business Briefs: Wall Street Journal reports that Boeing is expected to start offering buyouts and early retirement packages to try to stem the financial strain from the coronavirus pandemic.
Despite coronavirus pandemic, McDonald's a good bet for investors, firm says
The rapid spread of COVID-19, the illness caused by coronavirus, has forced McDonald’s and various other U.S. businesses to substantially scale back operations.
Home Depot makes changes to keep staff and customers safe; alcohol sales soar as Americans stay indoors
Fox Business Briefs: Home Depot is limiting the number of shoppers allowed in stores and offering bonuses to its employees who are staying on the job.
Walmart steps up store security; IRS says when to expect stimulus checks
Fox Business Briefs: Walmart will begin taking the temperatures of its associates as they return to stores and will send anyone home with a fever of over 100 degrees.
Coronavirus forcing companies to slash dividends
The economic slowdown caused by the COVID-19 pandemic will result in a sharp drop in dividends paid by S&P 500 companies, according to Goldman Sachs.
Morgan Stanley, Citigroup assure workers their jobs are safe; companies give pay bump to employees
Fox Business Briefs: Morgan Stanley and Citigroup pledge not to cut any jobs this year; Chipotle and Molson-Coors announce pay increase for some workers.
Dow’s shortest bear market shows coronavirus can be curtailed
The Dow's shortest bear market in history comes as coronavirus keeps Americans at home.
Coronavirus could hit hedge fund titans who earned more than $1B in 2019
The wealthiest people in the world have seen especially dramatic losses: According to the Bloomberg Billionaire Index, the world’s 500 richest people have lost almost $1.3 trillion
Ford gears up to reboot production; Instagram takes steps to prevent spread of COVID-19 misinformation
Fox Business Briefs: Ford announces plans to bring some key North American plants back online as early as April 6.
General Motors, Ford and Fiat Chrysler reportedly plan to extend a production shutdown into April
U.S. automakers plan to extend a shutdown as the coronavirus pandemic continues.
Amazon cracks down on coronavirus price gougers
Amazon says it has already suspended more than 3,900 sellers for price-gouging during the coronavirus pandemic.
Pandemic bonds prove good for investors, less so for nations battling coronavirus
Since the bonds were launched in 2014, backed by about $190 million in promised financing from donor countries, investors have reaped more profits than countries battling epidemics.
McDonald's, Boeing heed Trump's warning against buybacks
The moves reflect widespread criticism of how government bailouts were invested during the 2008 financial crisis.