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Fox Business

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

Fox Business

Las Vegas casinos dealt new threat amid coronavirus resurgence

Tue, Jul 07, 2020

A resurgence in new COVID-19 cases could steer gamblers away from Las Vegas and towards regional casinos, according to one Wall Street analyst....

Judge rejects Dakota Access request for emergency order

Tue, Jul 07, 2020

A federal judge on Tuesday rejected a request for an emergency order to delay the process of shutting down the Dakota Access pipeline while attorneys appeal a ruling to shutter the pipeline during the course of an environmental review....

Apple, Microsoft drive Nasdaq to record high

Tue, Jul 07, 2020

The Nasdaq gained while the S&P 500 and the Dow Jones Industrial Average slid....

Southwest, Delta, United, Alaska, JetBlue finalize coronavirus loan terms: Treasury

Tue, Jul 07, 2020

Five additional U.S. air carriers - Alaska Airlines, Delta Air Lines, JetBlue Airways, United Airlines and Southwest Airlines - plan to seek federal loans amid the novel coronavirus outbreak, the U.S. Department of Treasury said on Tuesday....

Deutsche Bank penalized $150M for Jeffrey Epstein relationship

Tue, Jul 07, 2020

The bank, which is said to have had a major role in Epstein’s financial affairs, previously said it regretted its ties to the deceased, accused sex-trafficker....

COVID-19 resurgence threatens travel rebound

Tue, Jul 07, 2020

United Airlines told employees to prepare to receive notifications of potential furloughs under the Worker Adjustment and Retraining Notification Act, known as the WARN Act, as soon as this week....

Biden blue wave tax hikes could batter stock market, strategists say

Tue, Jul 07, 2020

A Democratic sweep could lead to higher taxes and increased regulations, a lethal combo for stocks....

Novavax gets $1.6B from government to develop coronavirus vaccine

Tue, Jul 07, 2020

The government money will fund Novavax's late-stage clinical trials of its coronavirus vaccine candidate....

Amazon hits $1.5T milestone faster than Apple and Microsoft did

Tue, Jul 07, 2020

Amazon's market value has seen a rapid ascent helping drive the Nasdaq to a new record....

EU forecasts deeper economic hit from pandemic

Tue, Jul 07, 2020

EU economy is predicted to contract by 8.3% this year...