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Fox Business

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

Fox Business

Oil will climb to $90 by year-end: Goldman Sachs

Mon, Sep 27, 2021

Goldman Sachs Group Inc. raised its forecast for global crude oil prices due to supply disruptions in the Gulf of Mexico and signs of strengthening demand....

Boston Fed chief Rosengren to retire early due to health concerns

Mon, Sep 27, 2021

Boston Fed President Eric Rosengren will retire at the end of September due to health concerns....

Stocks mixed as strong data boosts bond yields

Mon, Sep 27, 2021

U.S. stock indexes were mixed Monday as a critical week kicks off on Capitol Hill....

Volvo's Polestar electric brand to go public through SPAC merger worth $20B

Mon, Sep 27, 2021

Volvo-owned Polestar is going public through a SPAC merger with Gores Guggenheim worth $20 billion, the companies announced Monday. The all-electric brand plans to start building cars in South Carolina in 2022....

Stock futures rise to start the week

Mon, Sep 27, 2021

U.S. stock futures ticked higher ahead of data that are expected to show rising demand for durable goods....

Asian shares mixed as virus fears cloud economic outlook

Mon, Sep 27, 2021

Asian shares were mixed Monday, as fears of further waves of coronavirus outbreaks clouded the economic outlook for the region, tempering gains....

China wields new legal weapon to fight claims of intellectual property theft

Mon, Sep 27, 2021

Chinese technology giants have seized on a new legal tactic to fight claims of intellectual property theft, raising concerns in the U.S. that Beijing’s promises to strictly enforce patent and copyright laws will be undermined by Chinese courts....

Powell, Yellen testify, government shutdown deadline, GDP & Amazon event top week ahead

Sun, Sep 26, 2021

In the week ahead, the deadline to avert a government shutdown looms as Fed Chair Powell and Treasury Secretary Yellen head to Capitol Hill. Investors are also waiting on Warby Parker’s IPO and Amazon’s hardware update....

FedEx labor crunch gut punch to economic recovery

Sat, Sep 25, 2021

FedEx's labor shortage is having dire consequence's along the company's supply chain....

Cryptocurrency trading mixed, day after China crackdown

Sat, Sep 25, 2021

Bitcoin was trading 0.54% lower early Saturday, one day after Chinese regulators said all crypto-related activities are illegal....