Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. (Reuters) – The possibility of a surge in COVID-19 infections is likely to remain a threat to the U.S. economy until a vaccine is developed, and a full recovery is still far off, Kansas City Federal Reserve […]
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The market is ‘a little ahead of itself’ amid ‘real tragedies’ for small businesses, Larry Fink says
Laurence “Larry” Fink, chairman and chief executive officer of BlackRock. Chris Goodney | Bloomberg | Getty Images The world is becoming much more accepting of rising coronavirus cases, BlackRock CEO Larry Fink believes. The billionaire fund manager sees democracies in the age of coronavirus as torn between two directions: being […]
Dow erases 236-point loss, turns positive as bank shares surge
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stocks fell for a second day on Thursday following the release of disappointing unemployment data while traders grappled with a rising number […]
Total of those receiving unemployment benefits falls below 20 million
Jobless claims totaled 1.48 million last week as unemployment related to the coronavirus pandemic remained stubbornly high, though those receiving benefits fell below 20 million for the first time in two months, the government reported Thursday. Economists surveyed by Dow Jones had been expecting 1.35 million claims. While the weekly […]
Tina Knowles-Lawson and Breonna Taylor’s mom want to make voting more accessible
Tina Knowles-Lawson, mother of Beyoncé Knowles-Carter and Solange Knowles, wrote an open letter urging Congress to pass the HEROES Act to make voting more accessible. Breonna Taylor’s mother, Tamika Palmer, is among those who signed in support of the open letter. Gayle King spoke with Knowles-Lawson and Palmer about justice […]
Pakistani airline grounds 150 pilots over “bogus” licenses
Pakistan International Airlines said Thursday it had grounded almost a third of its pilots for holding fake or dubious licences, a month after one of its planes crashed into houses killing 98 people. The move comes after the government released a preliminary report into the May 22 crash in Karachi. […]
3 North Carolina cops fired for racist comments caught on video
Winston-Salem, North Carolina — Three members of the Wilmington, North Carolina Police Department have been fired after being caught on video making racist and threatening comments. One said a civil war necessary to wipe black people off the map and he was ready. The department took the action Tuesday against […]
3 youth facility staffers charged in death of black teen
Three staff members at a youth facility in Kalamazoo, Michigan, have been charged in the death of a black teenager who died days after being restrained for throwing a sandwich, a county prosecutor announced Wednesday. The decision comes after the county medical examiner ruled 16-year-old Cornelius Fredericks’ death a homicide […]
Biden leads Trump on all issues except the economy, according to the CNBC All-America Survey
Former Vice President Joe Biden has jumped out to a 9-point lead on President Donald Trump with five months to go until the election, but the CNBC All-America Economic Survey finds the president still has the edge among voters on the critical issue of the economy. The June survey shows […]
Dow futures fall 200 points as Wall Street struggles again after Wednesday’s sell-off
A pedestrian passes in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, June 3, 2020. Michael Nagle | Bloomberg | Getty Images Stocks futures were slightly lower in early trading on Thursday, following a steep market sell-off triggered by intensifying worries about the rising […]