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Daily News

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

Fox Business News

US economy grows at record 33.1%, according to second estimate

Wed, Nov 25, 2020

Gross domestic product increased 33.1% during the three months through September, unrevised from the first estimate and in-line with the expectations of analysts surveyed by Refintiiv....

Stock futures trim losses on GDP, Durable Goods data

Wed, Nov 25, 2020

Stock futures traded mixed Wednesday morning, a day after the Dow Jones Industrial Average eclipsed 30,000 for the first time....

Stock futures trade cautiously after record day

Wed, Nov 25, 2020

The Dow is up roughly 60% from its March low...

Nordstrom tops earnings expectations, sees boost in online sales

Wed, Nov 25, 2020

Shares of the Seattle-based retailer were trading nearly 5% higher after the bell...

Gap misses profit estimates on higher costs from online shift

Wed, Nov 25, 2020

The company also forecast fourth-quarter sales to be flat or slightly higher than last year...

Tesla nabs $526B market cap for first time, leapfrogs Toyota, GM, Ford

Tue, Nov 24, 2020

Elon Musk's car company is on a tear....

Dow 30,000 makes history, S&P hits fresh record on Yellen, vaccine optimism

Tue, Nov 24, 2020

The Dow is on pace for the best month since January 1987....

John Kerry exits climate advisory board to join Biden administration

Tue, Nov 24, 2020

John Kerry will resign from his role as chairman of a climate advisory board to avoid the appearance of a conflict of interest with his role in the Biden administration, FOX Business has confirmed....

Dick's Sporting Goods names new CEO as sales hit record

Tue, Nov 24, 2020

Dick’s Sporting Goods Inc. CEO Edward Stack is stepping down from his role as he takes over as executive chairman....

Rich New Yorkers are hiring line-waiters to sit in COVID-19 testing queues

Tue, Nov 24, 2020

Even as New Yorkers are advised to cancel Thanksgiving plans and only celebrate with their immediate households, thousands are hitting testing sites for some reassurance — and paperwork — ahead of travel and Turkey Day bashes....