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Daily News

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

Fox Business News

Biden's environmental plan supercharges Tesla, rivals

Fri, Jan 15, 2021

Tesla will continue to lead the pack of U.S. automakers as the incoming Biden administration provides a tailwind for the electric vehicle business, according to one Wall Street analyst....

Stocks drop after Biden releases $1.9T coronavirus relief plan

Fri, Jan 15, 2021

Stocks fell Friday after details of President-elect Joe Biden’s proposed $1.9 trillion COVID-19 relief package underwhelmed investors and the big banks kicked off earnings season....

JPMorgan revenue spikes as COVID-19 relief soothes economic pain

Fri, Jan 15, 2021

Congressional action on a second coronavirus-relief package and the development of vaccines to treat the deadly disease enabled the lender to free $2.9 billion in loan reserves...

Stocks moving lower following Biden's proposed $1.9T-recovery package announcement

Fri, Jan 15, 2021

U.S. equity futures are trending lower hours before the opening bell Friday after President-elect Joe Biden announced his plans to propose a $1.9 billion package to help along a recovery from the coronavirus pandemic. Biden spoke about the plan after Thursday’s market close....

Oil prices mixed Friday as concerns arise over Chinese Covid lockdowns

Fri, Jan 15, 2021

Oil prices were mixed on Friday as strong import data from China, the world’s biggest crude importer, that boosted sentiment earlier ran into concerns about Chinese cities in lockdown due to coronavirus outbreaks....

Delta CEO: Coronavirus vaccine could restore profitability by summer

Thu, Jan 14, 2021

The coronavirus pandemic dealt a major blow to the travel industry, with airlines losing billions of dollars since the outbreak....

Stocks slide ahead of Biden's $1.9T coronavirus stimulus plan

Thu, Jan 14, 2021

U.S. equity markets lost steam Thursday as traders awaited details of President-elect Joe Biden’s proposed COVID-19 relief package....

Virgin Galactic shares blast higher as space-themed ETF set for launch

Thu, Jan 14, 2021

Virgin Galactic Holdings shares surged Thursday following news a space-themed actively managed exchange-traded fund will launch later this year....

Poshmark, Petco soar in IPO debuts ahead of Oatly

Thu, Jan 14, 2021

After 2020 proved to be a banner year for IPOs, with companies like Airbnb and DoorDash going public, that trend is expected to continue in 2021....

American Airlines tells pilots: take vaccine on your own time

Thu, Jan 14, 2021

The Federal Aviation Administration has said pilots and controllers must not fly or conduct safety-related duties for 48 hours after receiving a COVID-19 vaccine....