Below please find daily updates pertaining to the latest in financial, business, and tax news:
Fox Business News
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...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....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...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....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....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....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....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 permitFri, 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....Fri, Apr 09, 2021
The S&P 500 starts the day after hitting a new high on Thursday...