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Fox Business

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

Fox Business

China Feb exports post record surge from COVID-19-depressed 2020 levels

Sun, Mar 07, 2021

Exports in dollar terms skyrocketed 154.9% in February compared with a year earlier, while imports gained 17.3%...

Microsoft, Wells Fargo satisfied Trump Labor Department on hiring more Black employees

Sat, Mar 06, 2021

The agency closed the inquiries into Wells Fargo and Microsoft in October and December....

Home construction may hit skids as new supply shortage looms

Sat, Mar 06, 2021

A shortage of a critical part used to build basements in new homes threatens to bring new construction to a standstill, delivering the latest blow to an industry that has been squeezed by rising mortgage rates and a lumber deficiency....

SEC suing AT&T for telling analysts nonpublic information

Sat, Mar 06, 2021

The Securities and Exchange Commission is suing AT&T and three of its investor relations executives for telling Wall Street analysts about the telecom giant's sales data before it released quarterly results....

Tesla launches social hub to boost policy initiatives

Fri, Mar 05, 2021

Tesla launched a social hub Friday in a bid to promote dialogue between the brand’s car owners and enthusiasts and the electric car maker’s public policy team....

Dow pops 572 points as financials, energy lead, oil hits $66 per barrel

Fri, Mar 05, 2021

U.S. equity markets charged higher gathering momentum in the final hour of trading. Investors celebrated the better-than-expected February jobs report while shrugging off an early spike in bond yields. ...

Biden’s halt of new oil and gas permits on federal lands has lawmakers demanding answers

Fri, Mar 05, 2021

A group of House Republicans and at least one Democrat will send a letter to the Biden administration warning that its pause on new oil and gas permits is hurting existing operations....

Tech entrepreneur John McAfee charged with fraud, money laundering in cryptocurrency schemes

Fri, Mar 05, 2021

The Southern District of New York has charged tech entrepreneur John McAfee and his cryptocurrency team with fraud and money laundering conspiracy crimes related to two schemes that netted them $13 million....

Reddit considers IPO, hires CFO

Fri, Mar 05, 2021

Reddit on Friday named Andrew "Drew" Vollero as its new chief financial officer as the company reportedly mulls an initial public offering....

Costco bacon demand jumps as pork prices climb

Fri, Mar 05, 2021

Costco is seeing an inflation uptick in meat and pork....