JPMorgan's small business relief gives millions to big restaurant chains, prompting backlash

Shake Shack returns money from coronavirus small business loan Shake Shack is returning a $10 million Small Business Association loan it received during the coronavirus. FOX Business’ Maria Bartiromo with more. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Major U.S. restaurant chains have secured millions in government-backed loans […]

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Philips Q1 Orders Up, Sees Growth In FY20 Comparable Sales, Margin; Stock Up

Shares of Philips Electronics NV (PHGFF.PK,PHG) were gaining around 7 percent in Dutch trading after the consumer electronics giant reported strong growth in orders in the first quarter and said it sees modest comparable sales growth in fiscal 2020, despite the significant impact from the coronavirus or COVID-19 pandemic. First-quarter net profit, meanwhile, plunged from last year hurt by COVID-19 […]

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Insurance money for homeless disabled veteran proves evasive

Dear John: My brother passed away in February 2018 and for two years I have been stalled by the insurance company in my efforts to obtain the insurance money. I am a disabled veteran, now homeless, and paid out of pocket to bury my brother, relying on the proceeds from the policy. I read your articles regularly, and I remember […]

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AMC theaters raising $500 million in debt amid coronavirus closures

Struggling movie theater chain AMC Entertainment, whose movie houses got shuttered nationwide last month by the coronavirus, said late Thursday it will raise $500 million in debt to stay afloat. The largest cinema chain in the US has been the subject of bankruptcy rumors since it shuttered 630 theaters nationwide amid coronavirus restrictions in mid-March. The company also furloughed about […]

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Tyson Foods reports 2 employee coronavirus deaths

Coronavirus financial assistance for farmers to be released ‘very soon’: US agriculture secretary U.S. Agriculture Secretary Sonny Perdue discusses financial relief for farmers amid coronavirus and keeping the food supply chain up and running. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below Tyson Foods said two employees died of coronavirus after […]

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Abbott Laboratories Q1 Adj. Earnings Beat View; Suspends FY20 Outlook

Medical devices and healthcare company Abbott Laboratories (ABT) on Thursday reported a 16 percent decline in profit for the first quarter from last year as an increase in sales was offset by higher operating costs and expenses, while the year-ago period’s results were boosted by a tax benefit. However, adjusted earnings per share for the quarter beat analysts’ estimates. Looking […]

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Is it better to invest or pay off debt?

There is a definitive answer to the debate between investing and paying off debt. (iStock) The answer to this question, "is it better to invest or pay off debt?” is deceptively simple: you should only invest before paying the debt if you can earn more on your investment than you’d pay in interest on your debt. Continue Reading Below And […]

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Coronavirus made 59M Americans lose money over canceled plans

Number of air travelers drops to level not seen in over 60 years; Delta to start social distancing on flights Fox Business Briefs: TSA chronicles the drop in air traffic and posts numbers on how many travelers its officers screen; Delta Air Lines will start enforcing social distancing on its flights by blocking customers from middle cabin seats. Get all […]

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