Investment Insights and Financial Transaction News

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.

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Uber reportedly developing transportation service for kids; Tesla looks to expand across the US

Fox Business Briefs: Uber is reportedly developing 'Uber for kids' service for picking up and dropping off unaccompanied children.

March 11, 2020

Trump to discuss coronavirus impact with these Wall Street CEOs

President Trump will meet with the CEOs of Wall Street's biggest banks at the White House on Wednesday afternoon.

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American and Delta announce flight reductions; New York Auto Show postponed due to coronavirus

Morning Business Outlook: American Airlines and Delta announce reduction in domestic and international service.

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Fifth Third faces lawsuit over fake accounts; SoulCycle looking to make Peloton feel the burn

Fox Business Briefs: Consumer Financial Protection Bureau files lawsuit against Fifth Third alleging the bank's employees opened fake accounts for customers in order to meet aggressive sales targets.

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Starbucks tests new sustainable cups; popular restaurant chain addresses coronavirus concerns

Morning Business Outlook: Starbucks testing out new sustainable cups, made of paper but the inside is coated with a compostable liner, in select cities.

March 9, 2020

Fmr. Goldman CEO Blankfein talks stock selloff

Former Goldman CEO Lloyd Blankfein makes stock market prediction amid selloff.

March 9, 2020

What is the VIX?

The so-called fear-gauge is used during times of extreme uncertainty for financial markets.

March 9, 2020

Dow plummets, trading halts amid oil, coronavirus fears -- Don't panic, investors. Here's what you need to do

Investors with a long time horizon should keep a sense of perspective amidst the chaos.

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Krispy Kreme going green for St. Patrick's Day; Disney releases coronavirus action plan

Fox Business Briefs: Krispy Kreme plans to debut 'greenified' versions of the chain's donuts for St. Patrick's Day at participating locations.

March 9, 2020

Twitter, Elliott reach deal for Dorsey to stay CEO

Twitter Inc announced a deal with Elliott Management and private equity firm Silver Lake on Monday, handing both board seats.

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Russia-Saudi Arabia oil price war; cyber security officials warn over coronavirus scams

Morning Business Outlook: Oil prices crash after Saudi Arabia launched a price war against Russia following the Kremlin's decision not to agree to production cuts.

March 7, 2020

Investors look for buys as coronavirus fears crush travel stocks

Recent declines have brought down the valuations of travel and leisure-related companies to levels some investors believe are attractive

March 6, 2020

WeWork IPO ‘debacle’ changed Nikola's startup investment strategy

Nikola Motors CEO Trevor Milton discussed why his company is going public despite 2019's IPO woes.

March 6, 2020

NYSE testing coronavirus action plan if floor has to close

New York Stock Exchange President Stacey Cunningham said the NYSE is testing a contingency plan on Saturday in case the floor has to close.

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Coronavirus has toilet paper in short supply; Starbucks says leave your coffee cup at home

Fox Business Briefs: Kroger now limiting how much toilet paper customers can buy while other big box stores struggle to keep their store shelves stocked.

March 6, 2020

ExxonMobil dividend delivers as coronavirus punishes oil prices

Exxon's iron-clad balance sheet is fending off crude's collapse amid the coronavirus outbreak.

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Dunkin' offers free donut deal; coronavirus travel cancellations could cost airlines billions

Morning Business Outlook: Dunkin' joins the fast-food breakfast battle by offering a free donut every Friday for the entire month of March with a purchase of a drink through their app.