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Daily News

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

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OPEC+ meeting may consider output cut this week: report

Members of the OPEC+ group of oil producers will meet this week in Vienna to consider a production cut of 1 million barrels a day....

Moderna turns down China request for vaccine technology: report

Moderna has so far refused to make a deal for its COVID-19 vaccine with China, due to Beijing wanting the intellectual property behind it....

Metrolink, Amtrak suspend service between LA area and San Diego indefinitely because of shifting ground

Metrolink and Amtrak train services linking San Diego to Los Angeles have been suspended indefinitely over safety concerns in the community of San Clemente....

Meta board approves personal security for outgoing executive Sheryl Sandberg

Meta Platforms Inc. said on Friday its board had approved providing personal security services to former Chief Operating Officer Sheryl Sandberg...

California's gas-powered vehicle ban will be 'difficult' to meet, Toyota's president says

Toyota's president Akio Toyoda said it will be "difficult" to meet the requirement of California's new rules banning the sale of gas powered vehicles by 2035....

Shaq down to team up with Jeff Bezos to buy Suns

If Basketball Hall of Famer Shaquille O'Neal wants a chance to own the Phoenix Suns, he will have to team up with Jeff Bezos to do it, but he's not opposed....

Florida Gov. Ron DeSantis serves food at Waffle House amid Hurricane Ian recovery efforts

Florida Gov. Ron DeSantis went to a Waffle House in an area impacted by Hurricane Ian and helped serve linemen on Saturday....

Tesla's Elon Musk shows off humanoid robot 'Optimus' prototype with expected $20K price tag

Tesla CEO Elon Musk showed off a humanoid robot prototype dubbed "Optimus" Friday, which he hopes to make millions of and sell for $20,000....

Hurricane Ian in Florida: Early insurance claims show $474M in losses

Hurricane Ian destroyed Florida communities and data from the state's Office of Insurance Regulation shows early insurance claims total nearly $474 million....

October's record of market crashes makes it most feared month on financial calendar: 'October effect'

The "October effect" has historically garnered fears that fall's first full month will be bad for markets, having historically seen some of the country's largest crashes....