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Fox Business

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

Fox Business

In coronavirus pandemic, Warren Buffett sells some Delta, Southwest airlines stock

Sat, Apr 04, 2020

Shares of both airlines plunged in after-hours trading Friday....

Coronavirus drives Under Armour to furlough 6,600 US workers

Sat, Apr 04, 2020

The temporary layoffs will impact about 6,000 employees at Under Armour’s full-price and discount outlet stores, and about 600 workers at its U.S. distribution centers. The changes take effect on April 12....

Coronavirus oil plunge leads Trump to offer storage until prices recover

Fri, Apr 03, 2020

Oil prices have sunk as the pandemic plunged demand and a price war exasperated the situation....

Coronavirus forces Delta Air Lines to burn $60M per day as flights are grounded

Fri, Apr 03, 2020

Delta expects second-quarter revenue to be down 90 percent....

In coronavirus pandemic, Lockheed Martin hires nearly 1,000 workers

Fri, Apr 03, 2020

Additionally, Lockheed Martin is looking to fill another 5,000 open positions....

Stocks tumble as unemployment spikes on coronavirus layoffs

Fri, Apr 03, 2020

U.S. equity markets fell for the day and week as the economy lost more jobs than expected....

3M working to meet Trump's demands for more masks

Fri, Apr 03, 2020

The FDA-approved masks are desperately needed by health care employees working to combat the coronavirus pandemic in the U.S....

Varney: Pelosi's coronavirus oversight is 'politics at its worst'

Fri, Apr 03, 2020

FOX Business' Stuart Varney during his latest "My Take” argues Speaker Pelosi's coronavirus oversight is designed to make "corporations, banks, and the president look bad right before the election."...

Kudlow: US economic recovery may start in 4-8 weeks

Fri, Apr 03, 2020

COVID-19 has infected 245,646 people and killed 6,069 in the U.S., according to the latest figures from Johns Hopkins University & Medicine. The pandemic prompted states to issue "stay-at-home" orders and led to the temporary closing of non-essential businesses, putting millions of Americans out of work.  ...

Oil soars as OPEC plans peace talks on price war

Fri, Apr 03, 2020

Oil prices surged on word OPEC and its allies will hold a virtual meeting on Monday....