Coronavirus pandemic poses 'biggest test' for US financial system, Fed's Quarles warns

Fed’s Powell: No economic recovery until coronavirus is contained FOX Business’ Edward Lawrence breaks down what Fed Chairman Jerome Powell will address on Capital Hill concerning coronavirus recovery. The lockdown measures put into place to mitigate the spread of the deadly coronavirus pose the biggest challenge for the U.S. financial system in more than a decade, Federal Reserve […]

Uber-Postmates Deal Could Be a Game Changer

Uber Technologies, Inc. (UBER) rallied 6% on Monday after announcing that it would acquire privately held rival Postmates for $2.65 billion. Uber expects the transaction to be completed in the first quarter of 2021, but it could face opposition from government agencies worried that the ride-share and delivery upstart will control too much of the […]

10 things to know before refinancing your mortgage

Even if interest rates are lower, refinancing may not always be the best path forward. (iStock) Refinancing your home mortgage could potentially reduce your interest rate and monthly payments or give you access to some of the equity in your home. But that doesn’t necessarily mean it’ll save you money or it’s a good decision. […]

Japan requests extradition of ex-Green Beret, son in Carlos Ghosn case

Japanese officials have formally asked the US to extradite two Americans accused of helping ex-Nissan CEO Carlos Ghosn carry out his action-movie escape from Tokyo. Japan submitted its requests for the extradition of former Green Beret Michael Taylor and his son Peter to the US State Department pursuant to the two nations’ extradition treaty, federal […]

CEO Economic Outlook Plunges in Q2

As the world continues to battle the COVID-19 pandemic, U.S. business leaders remain pessimistic for positive changes in the next six months. The Business Roundtable on Monday released the results of its second-quarter CEO economic outlook survey, reporting an overall index score for the quarter was 34.3, down by more than 50% compared with a […]

U.S. Jobless Claims Dip Much Less Than Expected To 1.427 Million

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits fell by much less than expected in the week ended June 27th. The Labor Department said initial jobless claims dropped to 1.427 million, a decrease of 55,000 from the previous week’s revised level of 1.482 million. Economists had expected […]

German Unemployment Increases Less Than Expected

Despite the coronavirus pandemic weighing on the German economic activity, unemployment increased less than expected in June, helped by the short-time work program. Data from the Federal Employment Agency revealed that the number of unemployed persons rose by 69,000 in June from previous month, which was much less than economists’ forecast of 120,000. In May, […]

Tesla tops Toyota to become world’s most valuable automaker

Tesla’s market value sped past Toyota’s on Wednesday, making Elon Musk’s electric car company the most valuable automaker on earth. Tesla’s stock, which has been surging all year, climbed 4 percent ahead of its upcoming second quarter delivery numbers and hit an all-time high of $1,135.33. The spike brings its market cap just shy of […]

Denny's Stock Breaks Down After Equity Offering

Denny's Corporation (DENN) shares fell more than 7% during Wednesday's session after the company priced an offering of 8 million common shares at $9.15 per share with an underwriter over-allotment option of an additional 1.2 million shares. The transaction is expected to close on July 6, 2020, raising between $69.6 million and $80.1 million for […]

Government unemployment insurance payments skyrocket in June

Where are the jobs in America? CareerBuilder CEO Irina Novoselsky breaks down which industries are in highest demand including trucking, health care and tech. The federal government paid out more in unemployment insurance benefits in June than it has in any other month since the onset of the coronavirus pandemic. Continue Reading Below Unemployment insurance […]