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Daily News

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

Fox Business News

Tencent Music hums positive tune as library boosts subscriptions, revenue

Tue, Aug 11, 2020

China's Tencent Music Entertainment Group beat Wall Street estimates for quarterly revenue on Monday, as a wider content library led to a surge in paid subscribers for the company's music streaming service....

Hertz sold $29 million in stock before SEC stepped in

Tue, Aug 11, 2020

Hertz Global Holdings Inc. raised $29 million selling its likely worthless stock before regulators dissuaded the bankrupt rental-car company from selling more....

Trump expects US economy to grow at 20% pace, supports middle-income tax cut

Mon, Aug 10, 2020

Trump: Unemployment “falling faster than nearly anyone thought.”...

Stocks extend winning streak to 7 days as Trump signs executive orders for coronavirus relief

Mon, Aug 10, 2020

U.S. equity markets finished mixed on Monday after President Trump signed executive orders to provide COVID-19 relief while Congress ironed out its differences....

Robinhood to stop sharing app's popular stocks

Mon, Aug 10, 2020

Robinhood will stop providing access to data that shows how many users are buying and selling a stock....

Wall Street investors consult tarot card reader for investment advice

Mon, Aug 10, 2020

Predicting stock market movement can be pretty unclear, especially during the coronavirus pandemic, so investors on Wall Street are channeling the future with help from the professionals....

Kodak crashes as $765M loan for drug industry pivot put on hold

Mon, Aug 10, 2020

Kodak shares plunged by as much as 43% after the $765 million loan for its pivot into the drug industry was put on hold following a U.S. Securities and Exchange Commission investigation....

TikTok's parent company ByteDance moves back into Hong Kong market

Mon, Aug 10, 2020

The value of TikTok’s parent company, ByteDance, is reportedly under pressure nearing the either forced sale or ban of its most valuable asset....

Trump's executive orders give Congress new deadline: Goldman Sachs

Mon, Aug 10, 2020

President Trump's executive orders could provide a $350 billion boost to the U.S. economy and set up some key deadlines in September, according to Goldman Sachs....

Varney: Trump playing hardball with China like no other president

Mon, Aug 10, 2020

For the first time in a generation, America is pushing back on China. On all fronts, President Trump has called a halt to China's aggressive expansion....