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.
GM suspends dividends, share repurchases in coronavirus pandemic
General Motors Co. said it has suspended its quarterly cash dividend and share-buyback program as it seeks to bolster liquidity amid the Covid-19 pandemic.
Citadel's Ken Griffin reports Tesla stake
Citadel makes a key disclosure on Tesla.
Scaramucci's SkyBridge hit with heavy redemption requests as fund fell
SkyBridge submitted redemptions of more than $1 billion to managers in order to pay back its investors and shift around its investments after the fund suffered a 23 percent loss in March.
Boeing reportedly plans to slash 787 Dreamliner production; Nestle reports best sales growth in nearly five years
Fox Business Briefs: Boeing reportedly plans to slash production of its 787 Dreamliner by about half and announce job cuts.
Coronavirus to slash stock dividend payments by 28%
Stay-at-home orders given by governors to slow the spread of COVID-19 will reduce second-quarter gross domestic product by at least 30 percent annualized.
Target online sales soar; Domino's selling more pizzas
Fox Business Briefs: Target sees record growth in online sales; Domino's reports that its U.S. sales accelerated in April.
Netflix adds more viewers, but warns of tough road ahead; rare bright spot in the coronavirus advertising slump
Fox Business Briefs: Netflix posts record number of new subscribers as people stay home but sees viewership and growth falling as lockdown orders are lifted around the world.
Expedia nears deal to sell stake to Silver Lake and Apollo
Expedia Group Inc. is in advanced talks to sell a stake to private-equity firms Silver Lake and Apollo Global Management Inc. after the widespread travel bans caused by the coronavirus pandemic ravaged the online-booking company’s business.
Lawsuit claims 10 big banks rigged market for 'odd-lot' U.S. corporate bonds
Ten of the world's largest banks, including JPMorgan Chase (NYSE:JPM) and Bank of America, have been sued for allegedly conspiring over nearly 14 years to rig prices in the $9.6 trillion U.S. corporate bond market, costing ordinary investors billions of dollars.
Scaramucci rebuts report Citigroup cutting ties with SkyBridge
SkyBridge Capital founder Anthony Scaramucci says Citigroup's private bank "issued a sell" on his flagship fund.
Staggering number of Americans unable to pay their mortgages; Lord & Taylor reportedly could file for bankruptcy
Fox Business Briefs: Coronavirus pandemic forcing millions of Americans to delay mortgage payments under a government program.
Furloughs begin for Disney workers; Wynn Resorts CEO lays out plan to reopen the Vegas Strip
Fox Business Briefs: Furloughs hit the Walt Disney Company as more than 100,000 employees will stop being paid this week.
Stimulus intended to help coronavirus-ravaged small businesses instead rewarding hedge funds, brokerages
If small businesses don't have access to the stimulus funds, they will increase layoffs — many of these employees are minorities and all of them working-class Americans — or face bankruptcy, as is happening today.
Berkshire Hathaway to close some businesses amid pandemic crisis
“We’re like the captain of a ship when the worst typhoon that’s ever happened comes,” the 96-year-old Munger said.
Facebook takes another step in fighting the spread of COVID-19 misinformation; Boeing to restart jetliner production
Fox Business Briefs: Facebook rolls out tool that will tell users if they liked, commented or shared posts with fake coronavirus information.
United Airlines says job cuts are likely; Zoom account information hacked
Fox Business Briefs: United Airlines is warning employees to brace for job cuts one day after agreeing to a $5 billion government bailout.
Costco lifts dividend amid coronavirus store demand
Coronavirus is not stopping Costco from rewarding shareholders.
Cancellations for Boeing's 737 Max jet pile up; Walmart adds new curbside pickup hours for at-risk shoppers
Fox Business Briefs: Boeing loses 150 orders for its 737 Max in March as airlines respond to the sharp drop in air travel due to the COVID-19 pandemic.
Goldman Sachs profit halves on higher loan loss provisions, investment hit
Goldman Sachs reported a 49 percent drop in quarterly profit.
Census Bureau wants to delay the 2020 head count; Tesla looking for rent relief
Fox Business Briefs: Census Bureau wants to delay the nation's 2020 head count because of the coronavirus pandemic but the decision needs congressional approval.