Tesla vs. Nikola: What to know

Why are Tesla, Nikola making electric cars when demand isn’t there? The Car Coach Lauren Fix says the only reason car manufacturers are making electric vehicles is because they’re pressured by governments. Serbian-American inventor Nikola Tesla might never in a million years have predicted that two publicly traded electric-car makers would be named after him. Continue Reading Below But that's exactly […]

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US economy won't get back to 'normal' anytime in the near future: John Layfield

Reopening the economy is up to legislators: Federal Reserve Federal Reserve Chairman Jerome Powell says helping the 24 million people who lost their jobs during the coronavirus pandemic may require additional action from Congress. The  U.S. economy will not return back to “normal” anytime soon, according to the Layfield Report CEO John Layfield. Continue Reading Below Layfield said that because there […]

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Starbucks Sees $3.2 Billion Virus Hit, Plans New Cafe Format

Starbucks Corp. expects the coronavirus pandemic to reduce sales this quarter by as much as $3.2 billion, dragging down the coffee chain’s performance as it sees a recovery stretching into next year. The company, which like other restaurants has had a difficult time offering guidance, said Wednesday it expects to report an adjusted loss of 55 to 70 cents a […]

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Virus Splinters Global Economy, Exposing Inequality Faultlines

In this article Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. The coronavirus pandemic is splintering the world economy, and the extraordinary action needed means policy makers cannot risk a premature withdrawal of lifelines to businesses and the most vulnerable people, the […]

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Fed likely to stress ability to further aid economy

Fox Business Flash top headlines for June 9 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Fed Chairman Jerome Powell will face questioning via a virtual news conference Wednesday afternoon following the latest monetary policy meeting. Continue Reading Below The Fed will also provide its outlook for economic growth, inflation and unemployment. GET FOX BUSINESS […]

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Rupee rises 12 paise to 75.49 against U.S. Dollar in early trade

Forex traders said positive domestic equities, persistent foreign fund flows and the revival of business activity supported the Rupee. The Rupee appreciated 12 paise to 75.49 against the U.S. Dollar in early trade on Wednesday tracking gains in Asian currencies and the equity market amid sustained foreign fund inflows. The Rupee opened strong at 75.49 against the U.S. Dollar, up […]

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Chinese companies put U.S. listing plans on ice as tensions mount

Fox Business Flash top headlines for June 9 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Companies based in China are putting off plans for U.S. listings as tensions between the world's top two economies rise, lawyers, bankers, accountants and regulators involved in what has been a major capital-raising route told Reuters. Continue Reading Below […]

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Stock futures decline following solid rallies

Fed eases Main Street lending facility terms The Federal Reserve will ease the terms of its Main Street lending facility to encourage more businesses to participate. U.S. equity futures are pointing to a lower open, the day after the Nasdaq set its first closing record since February. Continue Reading Below The major futures indexes are indicating a loss of 0.6 percent […]

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Cathay, Swire Pacific, Air China Suspend Trading in Hong Kong

In this article Embattled Hong Kong carrier Cathay Pacific Airways Ltd. and its two main shareholders, Swire Pacific Ltd. and Air China Ltd., suspended trading of their shares Tuesday pending an announcement. The move comes as Cathay contends with a slump in traffic brought on by the coronavirus outbreak and the travel restrictions that ensued. The curbs hit Cathay particularly […]

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