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Twitter-Musk watch, Tax Day is here, financial earnings: LIVE UPDATES

FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.


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Breaking News

Federal judge finds CDC's mask mandate for travel unlawful

Posted by FOX Business Team

Tax Foundation president: There's been a war on success in the US

Tax Foundation President Scott Hodge discusses Massachusetts proposed 'millionaire's tax' and Biden's 2021 tax returns.

Posted by FOX Business Team

Tax collections hit all-time six month record at $2.1T

FOX Business' Gerri Willis reports on the latest news from the Treasury Department on Tax Day.

Posted by FOX Business Team

Ex-Twitter CEO Dorsey slams board's 'dysfunction' after response to Musk's buyout bid

Former Twitter CEO Jack Dorsey slammed the board's "dysfunction" as it handles billionaire Elon Musk's offer to purchase the company. 

"If [you] look into the history of Twitter board, it’s intriguing as I was a witness on its early beginnings, mired in plots and coups, and particularly amongst Twitter’s founding members. I wish it could be made into a Hollywood thriller one day," a Twitter user posted Sunday on the platform. 

Dorsey responded: "it’s consistently been the dysfunction of the company."

Posted by FOX Business Team
Breaking News

Homebuilder sentiment sinks


U.S. homebuilders are feeling less optimistic, according to the National Association of Homebuilders April survey.

"Rapidly rising interest rates combined with ongoing home price increases and higher construction costs continue to take a toll on builder confidence and housing affordability" according to the NAHB.

Posted by FOX Business Team

Bank of America quarterly results


Bank of America reported first-quarter earnings on Monday that topped Wall Street estimates.

EPS: 80 cents vs. 75 cents Refinitiv estimate

Posted by FOX Business Team

SpaceX successfully launches spy satellite

SpaceX successfully launched a spy satellite into orbit on Sunday, a process that aided the National Reconnaissance Office after previous attempts were postponed.

The Hawthorne-based company conducted the launch out of the Vandenberg Air Force Base Sunday afternoon after its initially scheduled launch on Friday was delayed twice over the weekend, Fox 11 of Los Angeles reported.

Colonel Rob Long, Space Launch Delta 30 commander, said in a statement that the NROL-85 launch sent "critical" equipment that would aid in securing "vital intelligence data."

Posted by FOX Business Team

Crypto lower; Bitcoin hovering around $39,000


Bitcoin dropped below $40,000 on Sunday, trading early Monday morning slightly below $39,000.

Bitcoin is down more than 1.5% thus far today and down 3.37% month-to-date, Coindesk reported.

The clock is ticking toward the tax reporting deadline of April 18.

Many investors are trying to figure out how to treat cryptocurrencies on their taxes.

The Internal Revenue Service is getting more serious about it.

Posted by Jack Durschlag

Stocks choppy heading into first trading day of the week; 1Q earnings begin


U.S. markets were choppy early Monday following the Easter holiday, as earnings season kicks into high gear this week, with a slew of key financial names reporting.

Meanwhile, Netflix and Tesla will be the first of the big-cap consumer/tech titans to post 1Q results.

Also watch for numbers from several airlines.

All told earnings from seven Dow members, and 66 S&P 500 companies, or about 13% of the benchmark index will be released. 

Posted by Associated Press

Gas prices up slightly early Monday morning

The average price for a gallon of gasoline in the U.S. ticked up slightly on Monday to $4.087, according to the latest numbers from AAA.

The price on Saturday was $4.080.

The previous record high was $4.33, set on Friday March 11, 2022.

Posted by Jack Durschlag

Asian oil markets higher; OPEC has weak crude production

Oil prices moved higher in early Asian trade, with weak crude production from OPEC supporting prices, Oanda market analyst Ed Moya said in a note.

Although the IEA's oil-reserve release is weighing on sentiment, Moya says this already looks priced in.

So "that leaves the risks heavily tilted to the upside as OPEC remains ... unable to hit the quotas" it had earlier set. 

Posted by Dow Jones Newswires

Gold higher in Asia as concerns of elevated US inflation drives demand


Gold was trading higher in early Asian trading, with concerns of elevated U.S. inflation driving demand for the safe-haven asset, analyst Thomas Westwater said in a note.

However, "while inflation is at more than 40-year highs, forward expectations are beginning to ease. This will likely weigh on bullion prices," he said.

Spot gold is 0.6% higher at $1,985.49 a troy ounce. 

Posted by Dow Jones Newswires

US housing market heating up

U.S. housing sales are heating up again this spring, but the highest mortgage rates in more than a decade threaten to cool the sales pace that has gripped the market for nearly two years.

Home sales rose last year to the highest level since 2006 as the Covid-19 pandemic changed consumers’ housing priorities and remote work enabled people to move farther from work.

While record-high home prices and record-low inventory of homes for sale have pushed many would-be buyers to the sidelines, intense demand has kept activity at historically strong levels.

Now, with borrowing rates hitting 5% for the first time since 2011, homes may be getting too expensive to keep prices rising so rapidly.

Posted by The Wall Street Journal

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