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Daily News

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

Fox Business News

AutoNation cuts 3,500 workers for good

Thu, Jun 04, 2020

AutoNation furloughed 7,000 employees half of them won't be coming back....

What is a dead cat bounce?

Thu, Jun 04, 2020

A dead cat bounce is a short-term recovery in an asset's price that follows a steep decline....

Bernie Madoff: judge denies sentence reduction bid

Thu, Jun 04, 2020

Madoff is serving a 150-year sentence for bilking investors out of billions of dollars....

Who are the biggest holders of gold?

Thu, Jun 04, 2020

Gold has been used as a medium of exchange for thousands of years....

Trump says Amazon 'destroying' shopping malls, hollowing out towns

Thu, Jun 04, 2020

President Trump said Amazon is "destroying" U.S. shopping malls in a Thursday interview with Sean Spicer....

Stocks slide as coronavirus job losses reach 42M

Thu, Jun 04, 2020

Initial jobless claims for the week ended May 30 reached 1.88 million, pushing the total over the past nine weeks to 42 million....

Las Vegas casinos light back up to 'pent-up demand'

Thu, Jun 04, 2020

Gaming companies, which have lost about $4 billion since they were forced to close, are reopening at 50% capacity....

Amazon Air expands fleet of Boeing jets

Thu, Jun 04, 2020

Amazon has added 12 additional Boeing aircraft to its existing fleet of 70 aircraft....

US trade deficit widens as exports hit 10-year low

Thu, Jun 04, 2020

The U.S. trade deficit surged in April as the COVID-19 pandemic upended the global flow of goods and services, pushing exports to a 10-year low....

Charles Schwab lands DOJ approval to buy TD Ameritrade

Thu, Jun 04, 2020

Charles Schwab Corp. said the U.S. Justice Department's antitrust division has closed its investigation of the company's proposed acquisition of TD Ameritrade....