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Daily News

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

Fox Business

Tesla nabs $526B market cap for first time, leapfrogs Toyota, GM, Ford

Tue, Nov 24, 2020

Elon Musk's car company is on a tear....

Dow 30,000 makes history, S&P hits fresh record on Yellen, vaccine optimism

Tue, Nov 24, 2020

The Dow is on pace for the best month since January 1987....

John Kerry exits climate advisory board to join Biden administration

Tue, Nov 24, 2020

John Kerry will resign from his role as chairman of a climate advisory board to avoid the appearance of a conflict of interest with his role in the Biden administration, FOX Business has confirmed....

Dick's Sporting Goods names new CEO as sales hit record

Tue, Nov 24, 2020

Dick’s Sporting Goods Inc. CEO Edward Stack is stepping down from his role as he takes over as executive chairman....

Rich New Yorkers are hiring line-waiters to sit in COVID-19 testing queues

Tue, Nov 24, 2020

Even as New Yorkers are advised to cancel Thanksgiving plans and only celebrate with their immediate households, thousands are hitting testing sites for some reassurance — and paperwork — ahead of travel and Turkey Day bashes....

Dollar's coronavirus losses hint at boom in riskier markets

Tue, Nov 24, 2020

The U.S. dollar is set to weaken as investors turn their attention to riskier assets while the world tries to move past the COVID-19 pandemic....

Optimism over COVID-19 vaccine, GSA's decision on Biden push up stocks

Tue, Nov 24, 2020

U.S. President Donald Trump gave permission Monday to the General Services Administration to begin sharing information with President-Elect Joe Biden's transition team, leading U.S. markets higher Tuesday....

Third promising COVID-19 vaccine spurs hopes for quick oil recovery demand

Tue, Nov 24, 2020

Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition....

Stocks soar as Biden zeros in on Yellen as Treasury secretary

Mon, Nov 23, 2020

Stocks started off the Thanksgiving-shortened week sharply higher after another drugmaker announced positive results for its coronavirus vaccine....

US economy to shrink as surging coronavirus infections foreshadow 'grim winter'

Mon, Nov 23, 2020

JPMorgan Chase & Co. economists expect the U.S. economy will contract in the first quarter as state rollback coronavirus reopenings due to the new wave of COVID-19 infections that are sweeping across the country....