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 threatens to move out of California; Amazon reportedly interested in buying movie theaters
Fox Business Briefs: Tesla is suing the state of California in an attempt to reopen its factory in Fremont.
Unemployment in US reaches record highs; White House considers another tax deadline extension
Fox Business Briefs: April jobs report showing a historic loss of 20.5 million jobs; White House reportedly considering a September extension to tax filing.
What happens when a business goes bankrupt?
The federal Bankruptcy Code of 1978, the basis of modern bankruptcy law, reflects the Supreme Court's 1934 ruling that bankruptcy law was designed to offer a new opportunity in life' unhampered by debt.
What is a stock market correction?
The S&P 500 has experienced 65 corrections going back to 1928.
Apple gives millions of dollars to fund COVID-19 testing; Gap plans to reopen stores with new look
Fox Business Briefs: Apple investing $10 million in coronavirus testing, aiming to make 1 million test kits a week by July.
How will double-digit unemployment affect your stock portfolio?
While the economy will likely reopen before 2021, demand isn't expected to immediately return to pre-COVID levels.
Warburg Pincus explores sale of overseas energy assets
The U.S. investment firm, which has more than $54 billion in private equity assets under management, has committed or invested some $13 billion into energy over the last decade.
Starbucks readies partial store reopenings; Lord & Taylor plans to liquidate inventory
Fox Business Briefs: Starbucks plans to reopen 85 percent of U.S. cafes emphasizing mobile ordering, contact-less pickup and cashless payments.
How can the stock market soar with rising unemployment?
Since bottoming on March 23, the S&P 500 index has rallied by nearly 30%, a big upward swing considering the grim unemployment numbers. Why is the market rallying?
Goldman Sachs ends coronavirus shutdown at Asia offices, but not NYC, London
David Solomon said many details still need to be decided, but “the fact that we are thinking through this next phase ... is promising. It’s a step in our path forward.”
Nike helping frontline workers fighting coronavirus; Pfizer testing vaccine to prevent COVID-19
Fox Business Briefs: Nike donating $5.5 million worth of products to health care workers dealing withe coronavirus pandemic.
Fintech startup Robinhood raises fresh funds at $8.3 billion valuation
Robinhood Markets Inc said on Monday it has raised $280 million in a funding round that valued the online brokerage at $8.3 billion
J. Crew files for bankruptcy protection; Apple's Face ID issue
Fox Business Briefs: J. Crew succumbs to coronavirus fallout as the retailer files for bankruptcy protection.
How Warren Buffett's 'mistake,' Berkshire Hathaway, became the foundation of his career
Even though Warren Buffett has said that buying Berkshire Hathaway was "the dumbest stock I ever bought," he turned the company into a conglomerate with over 90 subsidiaries.
Coronavirus pushes Berkshire to sell entire stakes in US airlines: Buffett
Berkshire Hathaway sold its entire stakes in the four largest U.S. airlines in April, Chairman Warren Buffett said Saturday.
Buffett's Berkshire Hathaway reports nearly $50B loss as investments drop
Berkshire Hathaway Inc. said it lost $49.7 billion, or $30,653 per Class A share, during the first quarter.
Hedge funds make money in April, Ackman gains 13.6%
Hedge funds recorded gains in April when stocks posted their biggest monthly return in decades.
Berkshire Hathaway annual meeting 2020: 5 things to know
Even without the crowds and the “Woodstock” festivities, the event will go on and Berkshire’s leadership will take shareholder questions.
Boeing avoids federal bailout after raising $25 billion, airlines ready to roll out new safety mandates
Fox Business Briefs: Boeing says they won't seek coronavirus-related government aid after raising $25 billion in a bond offering.
Chevron dividend 'safe and secure,' CEO promises
The oil giant entered the downturn with a strong balance sheet, CEO Michael Wirth told Maria Bartiromo.