President Trump plans to ask Congress for many financial measures to provide additional financial help to those in need, including increasing funding for the Small Business Administration, instructing the Treasury Department to defer tax payments to some people and businesses impacted by the coronavirus and for payroll tax relief. Equity futures […]
FOX News
The US Strategic Petroleum Reserve: 5 facts
American Petroleum Institute Senior Vice President Frank Macchiarola discusses the sharp downturn in oil prices and the short-term impact it will have on American producers. The Strategic Petroleum Reserve (SPR) is the world’s largest supply of emergency crude oil owned by the US government. Continue Reading Below Why was the […]
Coronavirus leads Warren Buffett to mull changes to Berkshire Hathaway shareholder weekend: Omaha mayor
FOX Business’ Jackie DeAngelis breaks down the day’s financial numbers as markets close in the red. Warren Buffett plans to wait until around April 1 to decide whether the coronavirus pandemic will require changes to Berkshire Hathaway Inc’s (BRKa.N) annual shareholder weekend a month later, Omaha, Nebraska’s mayor Jean Stothert […]
Coronavirus closes Chicago trading floor of CME
CME Group CEO Terry Duffy, during an exclusive interview, discusses the impact of the coronavirus. Almost two weeks after the head of the Chicago Mercantile Exchange told FOX Business it was staying open despite the coronavirus fears, the continued growth of the outbreak has forced the exchange to alter those plans. Continue […]
Warren Buffett says coronavirus stock hit, oil price war not as bad as 1987, 2008
Huntington Private Bank CIO John Augustine discusses what Berkshire Hathaway CEO Warren Buffett should buy next. Berkshire Hathaway CEO Warren Buffett acknowledged that the deadly coronavirus outbreak and free-falling oil prices, which pushed major U.S. indexes briefly into a bear market on Monday, were a “one-two punch,” but said that […]
Coronavirus pushes New York Fed to increase liquidity
The Federal Reserve boosts money it’s providing to banks in overnight repo lending to $175 billion to ensure smooth market functioning amid coronavirus. The Federal Reserve Bank of New York announced Wednesday that it would increase its lending in short-term funding markets in an attempt to calm investors’ fears as […]
Russia, Saudis attacking US shale industry, oil tycoon Harold Hamm says
Continental Resource founder Harold Hamm discusses the market’s reaction to the 2020 Democratic field and American energy production after oil prices plunge. Oil tycoon Harold Hamm says Saudi Arabia and Russia are flooding the market in a “direct attack” on U.S. producers. Continue Reading Below “They’re taking advantage of this […]
Bull market limping toward its deathbed: Goldman Sachs
The Cow Guy Group founder Scott Shellady discusses the declining price of oil and why people should calm down amid the coronavirus outbreak. The longest bull market in history is running out of steam, according to Goldman Sachs. Continue Reading Below A crash in oil prices and lower interest rates will […]
Boeing eyes tapping $12 billion line of credit: report
Boeing CEO David Calhoun on restarting production of Boeing 737 Max jets, keeping a close relationship with the FAA and maintaining credibility. As ramifications from the coronavirus pummel U.S. financial markets, Boeing is caught in the crosshairs as it continues to deal with the fallout from the Max Jet crisis. Continue […]
Trump to discuss coronavirus impact with these Wall Street CEOs
In an effort to fight volatility and restore confidence, U.S. banking executives will be meeting President Trump at the White House. FOX Business’ Susan Li with more. After the U.S. stock market registered one of the worst days in history, President Trump is scheduled to meet with the CEOs of Wall Street’s biggest banks […]