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Daily News

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

Fox Business News

Alibaba fined $2.8 billion on competition charge in China

Sat, Apr 10, 2021

Chinese e-commerce giant Alibaba has been fined $2.8 billion for anti-competitive behavior as the ruling Communist Party tightens control over fast-growing technology industries...

COVID-19 vaccine start-up files for IPO

Sat, Apr 10, 2021

The biotech startup behind the COVID-fox19 vaccine jointly developed by AstraZeneca PLC and the University of Oxford filed Friday with U.S. regulators for a public share offering. Vaccitech PLC said in a securities filing it plans to use the technology underpinning the vaccine to develop treatments targeting prostate cancer, hepatitis B and human papillomavirus....

GameStop investor Melvin Capital lost 49% on its investments in first quarter: source

Fri, Apr 09, 2021

BOSTON - Melvin Capital, the hedge fund at the center of the GameStop GME.N trading frenzy, lost 49% on its investments during the first three months of 2021, a person familiar with the matter said on Friday. The fund, founded by Gabe Plotkin, lost 7% in March, the source added, speaking on condition of anonymity...

Dow, S&P hit record highs as producer prices surge

Fri, Apr 09, 2021

U.S. equity markets climbed to record highs Friday after producer prices spiked by the most in more than nine years....

Pfizer requests emergency use authorization to administer COVID-19 vaccine to kids ages 12-15

Fri, Apr 09, 2021

Pharmaceutical giant Pfizer announced on Friday that it submitted a request for emergency use authorization to begin administering its COVID-19 vaccine to adolescents between the ages of 12 and 15 in the U.S....

Amazon employees claim company 'illegally interfered in union vote'

Fri, Apr 09, 2021

The Retail, Wholesale and Department Store Union says Amazon interfered with the right of its employees at an Alabama facility to vote in a free election on unionization....

Airlines pull Boeing Max jets from service over electrical issue

Fri, Apr 09, 2021

U.S. airlines, including American, United and Alaska, are pulling Boeing Max jets from their fleets after Boeing reported an electrical issue with the planes....

Boeing: Possible electrical issue in some 737 Max aircraft

Fri, Apr 09, 2021

Boeing has told 16 of its customers to address a possible electrical issue in group of 737 Max aircraft before using them further....

Judge to hear arguments on whether Dakota Access pipeline should continue operating without a permit

Fri, Apr 09, 2021

A federal judge will hear arguments Friday about whether the Dakota Access oil pipeline should be allowed to continue operating without a permit while the U.S. Army Corps of Engineers conducts an environmental review....

Stock futures trade cautiously ahead of inflation data

Fri, Apr 09, 2021

The S&P 500 starts the day after hitting a new high on Thursday...