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Daily News

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

Wall Street Journal

Lyft's Uphill Climb Faces Potholes

Wed, Aug 12, 2020

The ride-hailing company swears its business is getting better, but the numbers don’t show it yet. Investors would be wise to heed some yellow flags....

S&P 500 Climbs but Closes Below a Record

Wed, Aug 12, 2020

U.S. stocks rallied more than 1%, with the S&P 500 finishing the day just below its February high....

Rising Treasury Yields Challenge Precious Metals Rally

Wed, Aug 12, 2020

Gold prices closed slightly higher after a wild trading session, extending a volatile spell for the market as climbing yields on U.S. government bonds sap investors’ appetite for the precious metal....

Treasurys Stabilize After 10-Year Note Auction

Wed, Aug 12, 2020

A wave of selling pressure that has hit the U.S. government bond market in recent days showed signs of easing Wednesday after investors got past a $38 billion auction of new 10-year notes....

Oil Demand Faces Bigger Coronavirus Shock Than Previously Thought

Wed, Aug 12, 2020

The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said....

U.S. Corn Supply Grows on Record Crop Yield

Wed, Aug 12, 2020

USDA projects corn production in 2020 to further expand thanks to good growing weather in the Midwest....

U.S. Oil Refiners Accelerate Shift to Renewables in Downturn

Wed, Aug 12, 2020

Phillips 66 plans to convert a San Francisco-area oil refinery into a biofuels plant, the oil industry’s latest move amid depressed fuel consumption and growing U.S. regulatory pressures....

Inflation Reading No Match for Fed's Dovish Turn

Wed, Aug 12, 2020

Prices jumped last month, but inflation would have to warm up much more for the Federal Reserve to even consider changing course. For investors, that is a green light....

The Real Winner of the Veepstakes Might Be Susan Rice

Wed, Aug 12, 2020

Kamala Harris is the Democratic vice presidential candidate, but Susan Rice probably made a lot more money this month....

Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars

Wed, Aug 12, 2020

The Wall Street firm is among a small number of bidders for the auto maker’s credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter. Barclays is also in the running....

News

Lyft's Uphill Climb Faces Potholes

The ride-hailing company swears its business is getting better, but the numbers don’t show it yet. Investors would be wise to heed some yellow flags....

S&P 500 Climbs but Closes Below a Record

U.S. stocks rallied more than 1%, with the S&P 500 finishing the day just below its February high....

Rising Treasury Yields Challenge Precious Metals Rally

Gold prices closed slightly higher after a wild trading session, extending a volatile spell for the market as climbing yields on U.S. government bonds sap investors’ appetite for the precious metal...

Treasurys Stabilize After 10-Year Note Auction

A wave of selling pressure that has hit the U.S. government bond market in recent days showed signs of easing Wednesday after investors got past a $38 billion auction of new 10-year notes....

Oil Demand Faces Bigger Coronavirus Shock Than Previously Thought

The coronavirus pandemic will have an even bigger impact on the global economy and its demand for oil than previously expected, OPEC said....

U.S. Corn Supply Grows on Record Crop Yield

USDA projects corn production in 2020 to further expand thanks to good growing weather in the Midwest....

U.S. Oil Refiners Accelerate Shift to Renewables in Downturn

Phillips 66 plans to convert a San Francisco-area oil refinery into a biofuels plant, the oil industry’s latest move amid depressed fuel consumption and growing U.S. regulatory pressures....

Inflation Reading No Match for Fed's Dovish Turn

Prices jumped last month, but inflation would have to warm up much more for the Federal Reserve to even consider changing course. For investors, that is a green light....

The Real Winner of the Veepstakes Might Be Susan Rice

Kamala Harris is the Democratic vice presidential candidate, but Susan Rice probably made a lot more money this month....

Goldman Sachs Vies for GM's Credit Card, Betting on Connected Cars

The Wall Street firm is among a small number of bidders for the auto maker’s credit-card business, which has about $3 billion in outstanding balances, according to people familiar with the matter. ...