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Daily News

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

Volkswagen considering more cost cuts to cope with downturn

Sat, Jun 06, 2020

Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday....

Hollywood film production can resume June 12

Sat, Jun 06, 2020

California can start film and music production again on June 12, according to the California Department of Public Health....

Government job losses are piling up, and it could get worse

Sat, Jun 06, 2020

Even as the U.S. added some jobs in May, the number of people employed by federal, state and local governments dropped by 585,000....

OPEC, allied nations extend nearly 10M barrel cut by a month

Sat, Jun 06, 2020

OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to boost energy prices hard-hit by the coronavirus pandemic....

OPEC, Russia to extend record oil cuts to end of July: Draft deal

Sat, Jun 06, 2020

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day during May-June to prop up prices that collapsed due to the coronavirus crisis....

Blockbuster jobs rally puts US on fast track to coronavirus recovery

Sat, Jun 06, 2020

U.S. employers added 2.5 million workers last month, pushing the unemployment rate down to 13.3 percent, a sharp turnaround from the loss of 8 million jobs expected by Wall Street analysts that would have pushed unemployment to 19.8 percent....

Activist investor targets Activision Blizzard CEO’s ‘exorbitant’ pay package

Fri, Jun 05, 2020

Activision Blizzard CEO Robert Kotick has received a combined $96.5 million in stock/option over the last four years, CtW Investment Group wrote....

JPMorgan’s Jamie Dimon holds mini town hall in 1st employee meetup since surgery

Fri, Jun 05, 2020

It was Dimon’s first trip to meet employees since he underwent heart surgery in March....

Dow reclaims 27K, Nasdaq nears record as jobs, economy recover

Fri, Jun 05, 2020

U.S. employers added 2.5 million jobs in May, a shocking reversal of the continued decline economists expected....

Unemployment numbers, jobs news means we're looking at a restaurant recovery, America: Ex-McDonald's CEO

Fri, Jun 05, 2020

I'm bullish on a restaurant recovery. Here's why....