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Fox Business

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

Fox Business

Toyota reports record profit amid pandemic, keeps forecasts

Wed, Aug 04, 2021

While the pandemic has dented sales and demand in some global businesses, Toyota appears to be roaring back. Uncertainties remain such as the global shortage of semiconductors that’s slammed the auto industry, as well as effects of COVID-19....

CVS boosts wages as profits rise on COVID-19 vaccinations, tests

Wed, Aug 04, 2021

CVS Health will hike its minimum wage for employees to $15 per hour starting in July 2022, with incremental increases set to begin this month....

Stocks slide as ADP jobs data falls short, GM shares tank

Wed, Aug 04, 2021

U.S. stock indexes fell Wednesday as traders assessed a disappointing report on private-sector hiring and another barrage of earnings reports....

GM shares fall despite $4.1B profit, boosted forecast

Wed, Aug 04, 2021

Investors are skeptical of GM's outlook as the chip shortage creates more uncertainty for the auto industry....

US stocks trading mixed despite solid earnings season

Wed, Aug 04, 2021

U.S. equity futures were trading mixed ahead of Wednesday's opening bell on Wall Street....

These careers added the most remote jobs in 2021: report

Tue, Aug 03, 2021

There was an over 1,000% increase in remote work across all fields in 2021 as the coronavirus pandemic kept people home....

Robinhood stock rallies in IPO rebound

Tue, Aug 03, 2021

Robinhood's stock price saw a rebound rally after its IPO fell short of the hype....

Proof of vaccination will 'slow' US economy: Scott Shellady

Tue, Aug 03, 2021

RFD-TV’s The Cow Guy Scott Shellady on COVID fears and the impact on the U.S. economic recovery....

BP boosts payouts after profit jump, transition on track

Tue, Aug 03, 2021

The strong results, underpinned by higher sales at petrol stations, bolster BP’s plan to shift away from oil and gas to renewable and low-carbon energy in an effort to battle climate change, CEO Bernard Looney said....

Market ‘tailwinds aren’t dissipating anytime soon,' expert says

Tue, Aug 03, 2021

Haverford Trust Company head of investment strategy Hank Smith on his outlook for the market....