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Daily News

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

Fox Business News

FedEx labor crunch gut punch to economic recovery

Sat, Sep 25, 2021

FedEx's labor shortage is having dire consequence's along the company's supply chain....

Cryptocurrency trading mixed, day after China crackdown

Sat, Sep 25, 2021

Bitcoin was trading 0.54% lower early Saturday, one day after Chinese regulators said all crypto-related activities are illegal....

Acceleron in advanced talks for $11B sale

Sat, Sep 25, 2021

U.S. drugmaker Acceleron Pharma Inc is in advanced talks to be acquired by a large pharmaceutical company for more than $11 billion, Bloomberg News reported on Friday, citing people familiar with the matter....

Electric-car shift drains fuel taxes in some countries

Sat, Sep 25, 2021

Governments around the world have long encouraged motorists to buy electric cars. Now they are starting to grapple with a consequence of the green drive: dwindling income from fuel taxes....

Investors bet environmental fears will crunch commodity supply, lifting prices

Sat, Sep 25, 2021

Investors are ramping up wagers that a global push to lower carbon emissions will hamper commodity production, pushing up prices for everything from natural gas to aluminum....

Stocks finish mixed after China's Evergrande misses payment

Fri, Sep 24, 2021

U.S. stock indexes finished mixed on Friday as worries continued to swirl over the fate of embattled Chinese property developer Evergrande....

Bitcoin, Ethereum, XRP tumble on China crackdown

Fri, Sep 24, 2021

Bitcoin and other cryptos are crumbling as China flexes its muscle against digital currencies once again....

China Evergrande auditor gave clean bill of health despite debt

Fri, Sep 24, 2021

Last year as China Evergrande Group’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government effectively said it had borrowed too much....

IPO market not 'slowing down' anytime soon: Expert

Fri, Sep 24, 2021

Mike Murphy believes the IPO market is booming, and "the key" is that it's not slowing down....

China’s central bank calls cryptocurrency-tied deals illegal, bitcoin drops

Fri, Sep 24, 2021

The People’s Bank of China on Friday called cryptocurrency-tied deals in the country illegal, sending Bitcoin, Ethereum, and XRP reeling....