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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Fox Business

Oil spikes as Russia-Saudi Arabia head to OPEC and prep a possible historic production cut

Thu, Apr 09, 2020

OPEC's emergency meeting will take coronavirus and a price war into account as ministers weigh action....

Coronavirus pushes CarMax to furlough 15K workers

Thu, Apr 09, 2020

CarMax has closed about half of its stores due to the coronavirus pandemic....

Disney+ hits 50M subscribers 5 months after launch

Thu, Apr 09, 2020

Streaming services have seen a surge in viewership in recent weeks due to the coronavirus pandemic....

BlackRock won't lay off employees due to coronavirus: CEO Larry Fink

Wed, Apr 08, 2020

The company will also pay full-time wages to support staff, such as cafeteria and maintenance workers, even if they cannot come to work....

New York State reports the most coronavirus cases in the world

Wed, Apr 08, 2020

In total, the United States has recorded over 417,000 cases and 14,100 deaths, according to the Reuters tally....

S&P 500 joins Dow in exiting bear market as Sanders suspends presidential campaign

Wed, Apr 08, 2020

Stocks rallied Wednesday as COVID-19 showed signs of plateauing in some of the hardest hit areas....

US shale producers survival at stake in looming oil-price talks

Wed, Apr 08, 2020

Many U.S. energy companies are fighting to stay afloat after an imbalance between oil supply and demand slashed 44 percent from the S&P 500 energy sector’s market value....

Coronavirus slowing but stocks still face 'extreme reckoning'

Wed, Apr 08, 2020

While investors have become more optimistic this week as the number of hospitalizations due to COVID-19 appears to be plateauing, it appears the stock market rally isn’t built to last.  ...

Wells Fargo asset cap eased for coronavirus small business loans

Wed, Apr 08, 2020

The Federal Reserve on Wednesday said it would temporarily ease its asset cap on Wells Fargo to encourage the bank to lend to small businesses harmed by the outbreak of coronavirus....

Coronavirus pushes McDonald's same-store US sales down 13% in March

Wed, Apr 08, 2020

McDonald's Corp. said sales among its existing base of restaurants in the U.S. were hit hard in March as the coronavirus spread and the economy shut down....