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Daily News

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

Fox Business News

Seafood industry struggles during coronavirus outbreak

Sun, Apr 05, 2020

The seafood industry has been upended by the spread of the coronavirus, which has halted sales in restaurants and sent fishermen and dealers scrambling for new markets...

Trump threatens oil tariffs during coronavirus, price war

Sun, Apr 05, 2020

As the COVID-19 pandemic continues, President Trump says tariffs on oil imports may happen for American energy worker protection....

Mark Cuban slams 3M for lack of transparency during coronavirus response

Sun, Apr 05, 2020

Billionaire investor and owner of the NBA's Dallas Mavericks Mark Cuban slammed 3M chairman and CEO Mike Roman on Saturday for failing to be transparent during the coronavirus pandemic....

Bill Gates: Until coronavirus vaccine, world won't be 'truly normal'

Sun, Apr 05, 2020

Gates predicted "we'll be able to open up significant parts of the economy" even before a vaccine....

Feeling the heat, Bank of America loosens criteria for small business pandemic loans

Sat, Apr 04, 2020

The small business loans are considered an integral part of the $2 trillion government pandemic stimulus efforts since companies with less than 500 employees comprise nearly 50 percent of the American workforce....

How the coronavirus job cuts played out by sector and demographics

Sat, Apr 04, 2020

The cuts were most heavily felt in industries such as hotels, restaurants and education as the travel industry shut down, bars and eateries closed their doors, and day care centers shuttered....

OPEC+ emergency meeting likely to be postponed to April 8 or 9: OPEC sources

Sat, Apr 04, 2020

OPEC and its allies will not hold their emergency virtual meeting on Monday....

Coronavirus catapulting US into deepest recession since WW2

Sat, Apr 04, 2020

The full extent of the economic damage caused by the pandemic remains unknown, but Wall Street expects the fallout to be severe as a dismal jobs report did not include the roughly 10 million Americans who filed for first-time unemployment benefits over the past two weeks....

Trump, Fed's Powell conferred as coronavirus slammed US markets

Sat, Apr 04, 2020

Jerome Powell's coronavirus response has made Trump a fan of the Fed....

Saudi Arabia sharply rebukes Russia over oil price collapse

Sat, Apr 04, 2020

Rancor between Saudi Arabia and Russia could imperil a deal emerging from a planned teleconference....