Recession hit U.S. in February, ending record-long expansion with coronavirus shutdown

WASHINGTON — The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record. The economists said employment peaked in February and fell sharply afterward, marking the beginning of the downturn. The economists make up a committee within the National Bureau of Economic Research, a trade group that determines when recessions begin […]

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Coronavirus pandemic hit half of Americans' finances, poll finds

Another 4.4M Americans filed for unemployment amid coronavirus FOX Business’ Cheryl Casone breaks down weekly jobless claims. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Half of Americans in a new poll say they have been affected financially by the coronavirus pandemic, which has paralyzed the U.S. economy and […]

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Westpac flags $1.4b hit to earnings, braces for coronavirus impact

Westpac has announced it expects lower cash earnings for the first-half due to asset writedowns and impairment provisions, as it braces for higher credit losses due to the coronavirus outbreak. Westpac said it expects other new and increased provisions and asset write-downs totalling around $1.43 billion after tax for the first-half.Credit:Darrian Traynor Excluding the yet-to-be finalised impairment provisions due to […]

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Don't get hit with these common IRS tax penalties

Tax season tips Taxfyle CEO and cofounder Richard Lavina discusses his tax filing solution and the changes to the tax system this season. With tax season underway, some Americans file as early as possible to get their refunds more quickly. But those who wait too long without filing for an extension could find themselves on the receiving end of a […]

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Iran denies missile hit plane, calls on West to share data

Iran should’ve shut down their airspace to prevent Boeing 737 crash: James Carafano Retired Lt. Col. James Carafano discusses the Ukrainian plane that was reportedly accidentally shot down by Iranian missiles. TEHRAN, Iran (AP) — Iran on Friday denied Western allegations that one of its own missiles downed a Ukrainian jetliner that crashed outside Tehran, and called on the U.S. […]

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CollegeHumor hit with mass layoffs as parent company cuts funding

Fox News Flash top entertainment headlines for Jan. 8 Fox News Flash top entertainment and celebrity headlines for Jan. 8 are here. Check out what’s clicking today in entertainment. The long-running comedy outlet CollegeHumor has cut nearly its entire staff as its parent company decided to no longer fund the website. Sam Reich, CollegeHumor's COO, acknowledged the company's troubles on Twitter, […]

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Online Broker Robinhood Hit With $1.25 Million FINRA Fine

The Financial Industry Regulatory Authority (FINRA) has fined discount online broker Robinhood $1.25 million for best execution violations and supervisory failures that took place between Oct. 2016 to Nov. 2017.  According to the press release, the zero-commission pioneer was routing customers' non-directed equity orders to four broker-dealers or market makers in exchange for kickbacks without ensuring they were the best markets for execution. The practice of […]

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US hopes China won't hit farmers with new tariffs: Agriculture chief Perdue

Farmers would rather have trade than aid: Sonny Perdue Agriculture Secretary Sonny Perdue discusses trade negotiations with China. Secretary of Agriculture Sonny Perdue says he is “hopeful” that China doesn’t follow through on retaliatory tariffs planned for U.S. agriculture products on Dec. 15. Continue Reading Below China is set to place levies of 10 percent on more than 700 U.S. agriculture products […]

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Washington Post hit for asking if Katie Hill saga would have happened to a man

George Papadopoulos expected to announce run for Katie Hill’s soon-to-be-vacated California House seat Democratic Congresswoman Katie Hill says she will resign over allegations of improper relationships with staffers; reaction from radio host Kevin McCullough and Richard Goodstein, former Hillary Clinton adviser. The Washington Post was hit this week for questioning whether the Katie Hill saga would have happened to a […]

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