Business

Brooks Kraft / Getty Images The Federal Reserve plans to buy debt from nearly 800 companies, however, the top 10 beneficiaries are slated to represent 15% of central bank purchases. The Secondary Market Corporate Credit Mechanism shifted from credit ETFs to the purchase of individual bonds in mid-June and aims …

Sources within the Trump administration said the president was “excessively solicitous of Putin’s admiration and apparently seeking his approval,” according to CNN’s Carl Bernstein. Two US officials said Trump had “naively raised” Russia to almost parity with the United States. “ “He’s playing with something he doesn’t understand,” said an …

The main Fox Business Flash headlines are here. See what FoxBusiness.com is clicking. Royal Dutch Shell PLC is lowering the value of its assets by as much as $ 22 billion due to lower energy prices following the demand-weakening coronavirus pandemic. The amortization follows BP PLC, which was on a …

Facebook is seeing more and more advertisers pledge to give up advertising on the social media platform, but it could present a buying opportunity, according to Satori Fund investor and founder Dan Niles. Facebook shares suffered their worst trading day since March Friday when shares closed down 8.3% as more …

Close-up of the Postmates logo. Smith / Gado Collection | Stock Photos | fake pictures US food delivery service Postmates has received takeover bids from Uber and a special-purpose takeover company, or SPAC, as it simultaneously plans to go public, according to people familiar with the matter. Postmates has not …