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Fox Business

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

Fox Business

Why a Warren presidency is worthless to the stock market

Wed, Nov 13, 2019

Look at statistics for the answer....

Sour grapes: Trade war puts cork in US wine sales to China

Wed, Nov 13, 2019

When the Chinese hit back with retaliatory tariffs on U.S. goods, they put a bull’s eye on American wine....

Alibaba eyes multibillion-dollar Hong Kong IPO despite raging protests

Wed, Nov 13, 2019

The online retail giant filed an application to list its shares on the Hong Kong Stock Exchange, though it did not provide details on the amount of the new offering....

Powell tells Congress Fed is unlikely to cut interest rates again

Wed, Nov 13, 2019

Powell reiterated what he said during the Fed's two-day meeting in October: The current level on its benchmark interest rate will likely remain "appropriate."...

Stocks mixed as Powell testifies, impeachment hearings roll on

Wed, Nov 13, 2019

Investors digested a hefty dose of politics and Fed policy on Wednesday....

Trump impeachment hearings leave Wall Street unfazed

Wed, Nov 13, 2019

The S&P 500 has rallied 4.2 percent since House Speaker Nancy Pelosi launched an impeachment inquiry this fall....

Germany hails Tesla plan to build new factory near Berlin

Wed, Nov 13, 2019

The company will also set up an engineering and design center in Berlin....

Photos show Hong Kong college campus erupting in epic battle

Wed, Nov 13, 2019

Gasoline bombs and fires lit up parts of the campus Tuesday night, as police battled back with tear gas and rubber bullets....

Consumers are shopping for homes and buying them too

Wed, Nov 13, 2019

The survey covers over 75 percent of all U.S. retail residential mortgage applications and has been conducted weekly since 1990....

Michigan takes a big financial hit due to tariffs

Wed, Nov 13, 2019

Taxpayers in that state have paid $1.6 billion so far in additional tariffs....