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Daily News

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

Taxpayer Advocate Service Feed

How the coronavirus job cuts played out by sector and demographics

Sat, Apr 04, 2020

The cuts were most heavily felt in industries such as hotels, restaurants and education as the travel industry shut down, bars and eateries closed their doors, and day care centers shuttered....

OPEC+ emergency meeting likely to be postponed to April 8 or 9: OPEC sources

Sat, Apr 04, 2020

OPEC and its allies will not hold their emergency virtual meeting on Monday....

Coronavirus catapulting US into deepest recession since WW2

Sat, Apr 04, 2020

The full extent of the economic damage caused by the pandemic remains unknown, but Wall Street expects the fallout to be severe as a dismal jobs report did not include the roughly 10 million Americans who filed for first-time unemployment benefits over the past two weeks....

Trump, Fed's Powell conferred as coronavirus slammed US markets

Sat, Apr 04, 2020

Jerome Powell's coronavirus response has made Trump a fan of the Fed....

Saudi Arabia sharply rebukes Russia over oil price collapse

Sat, Apr 04, 2020

Rancor between Saudi Arabia and Russia could imperil a deal emerging from a planned teleconference....

In coronavirus pandemic, Warren Buffett sells some Delta, Southwest airlines stock

Sat, Apr 04, 2020

Shares of both airlines plunged in after-hours trading Friday....

Coronavirus drives Under Armour to furlough 6,600 US workers

Sat, Apr 04, 2020

The temporary layoffs will impact about 6,000 employees at Under Armour’s full-price and discount outlet stores, and about 600 workers at its U.S. distribution centers. The changes take effect on April 12....

Coronavirus oil plunge leads Trump to offer storage until prices recover

Fri, Apr 03, 2020

Oil prices have sunk as the pandemic plunged demand and a price war exasperated the situation....

Coronavirus forces Delta Air Lines to burn $60M per day as flights are grounded

Fri, Apr 03, 2020

Delta expects second-quarter revenue to be down 90 percent....

In coronavirus pandemic, Lockheed Martin hires nearly 1,000 workers

Fri, Apr 03, 2020

Additionally, Lockheed Martin is looking to fill another 5,000 open positions....