Crushing inflation could push unemployment to 6%, Wall Street bank warns

video Economist panel reacts to September jobs: Where are the workers? Charles Payne, Stephanie Pomboy, Becky Frankiewicz, Joanie Bily, Steve Moore and Frances Newton Stacy react to labor participation falling month-over-month in the September jobs report. The economic cost of wrestling inflation under control could be much higher than the Federal Reserve is anticipating, according to Deutsche Bank analysts.  While […]

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Inflation pushes consumer confidence to three-month low

video FOX Business Flash top headlines for October 25 Check out what’s clicking on FoxBusiness.com U.S. consumer sentiment fell in October following two months of gains, indicating Americans are less optimistic as they stare down the holiday season due to persistently high inflation. The Conference Board reported its Consumer Confidence Index released Tuesday shows consumer confidence reading dropped to 102.5 […]

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Two Chinese spies charged with allegedly obstructing US investigation into Huawei

video US needs to see China’s threat ‘very clearly’: Jamie Metzl ‘Hacking Darwin’ author and former National Security Council, State Department and UN official Jamie Metzl argues the U.S. needs to start acting ‘more aggressively’ towards China. Two Chinese intelligence officers were charged with obstruction of justice for allegedly trying to bribe a U.S. government official to provide information about […]

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Yellen says inflation remains Biden's No. 1 priority as Democrats face election onslaught

video Inflation is embedded ‘and in a very big way’: Gary Kaltbaum Gary Kaltbaum of Kaltbaum Capital Management on multiple CEOs raising alarms on the economy and Janet Yellen’s comments on inflation on ‘Cavuto: Coast to Coast.’ Fighting record-high inflation remains a top priority for the Biden administration, Treasury Secretary Janet Yellen said on Monday, addressing a growing concern about […]

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US budget deficit cut in half to $1.38T as pandemic spending slows down

video Wharton study critiques Inflation Reduction Act’s ability to reduce deficits Former White House deputy chief of staff Karl Rove and Fox News contributor Liz Peek predict the effectiveness of the Inflation Reduction Act on ‘The Evening Edit.’ The U.S. federal budget deficit fell by half for the 2022 financial year as once-aggressive pandemic relief spending dried up, the Treasury Department […]

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Central Pacific Financial Q3 Profit Declines, But Tops Estimates

Central Pacific Financial Corp. (CPF) the parent company of Central Pacific Bank, on Friday reported that net income for the third quarter declined to $16.72 million or $0.61 per share from $20.82 million or $0.74 per share in the prior-year quarter. The company recorded a provision for credit loss of $0.36 million, compared to a benefit of $2.64 million last […]

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US heating worries mount amid growing costs, uncertainty

video FOX Business Flash top headlines for October 20 Check out what’s clicking on FoxBusiness.com Across the U.S., families are looking to the winter with dread as energy costs soar and fuel supplies tighten. The Department of Energy is projecting sharp price increases for home heating compared with last winter and some worry whether heating assistance programs will be able […]

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