video Fed has to take ‘draconian steps’ to accomplish inflation goal: Jeff Sica Circle Squared Alternative Investments founder and CIO discusses the long-term impact of rate hikes on the U.S. economy on ‘Varney & Co.’ Millions of Americans could be in store for higher taxes as a result of the hottest inflation in close to 40 years. That's because of […]
Read morevideo Steve Forbes: Far-left still ‘calling the tune’ Forbes Media Chairman Steve Forbes on GOP lawmakers’ stance on abortion, Biden’s credibility and the state of the U.S. economy. While the U.S. Supreme Court's recent decision on Roe v. Wade has garnered massive media and public attention, another recent action by the court could have significant positive impact for the future […]
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Australia’s economy is expected to avoid recession in the coming year even as its top trading partner, China, slows sharply on COVID-19 restrictions and rapid US policy tightening raises risks of a downturn there. Soaring export prices and a weaker currency are bringing Australia a cash windfall at a time when other developed economies are flashing warning signs. A very […]
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Import prices in the U.S. saw further downside in the month of August, according to a report released by the Labor Department on Thursday. The Labor Department said import prices slid by 1.0 percent in August after tumbling by a revised 1.5 percent in July. Economists had expected import prices to decrease by 1.2 percent compared to the 1.4 percent […]
Read morevideo FOX Business Flash top headlines for September 14 Check out what’s clicking on FoxBusiness.com The U.S. has about $30.9 trillion in national debt, according to the latest data from Treasury Department, and that total will reach a record $31 trillion as early as later in the month. Roughly $24.3 trillion of America's total public debt outstanding consists of debt […]
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Recipients of Social Security benefits are about to receive an increase in their payments that may represent the largest cost of living jump in decades. Estimates have ranged from 9.6% to 8.7%, based on cost of living data. Nearly 70 million Americans will be affected. The Social Security Administration will wait to make its official announcement on October 13. At […]
Read morevideo Inflation impacts ability to afford ‘higher costs of health care’: Aflac CEO Aflac Chairman and CEO Dan Amos says record-high inflation poses a ‘challenging environment’ for consumers. With another aggressive rate hike expected from the Federal Reserve following August’s hot inflation report, Aflac’s chairman and CEO warned how higher rates can force average Americans to lose control of their […]
Read morevideo The Fed needs 3 months of softening inflation data: Jason Katz UBS managing director and senior portfolio manager Jason Katz provides insight on the market’s response to the Fed on ‘Making Money.’ Inflation at the wholesale level cooled in August for the second consecutive month, although prices for everyday necessities remain at a multi-decade high, squeezing businesses and millions […]
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Redrow Plc (RDW.L), a British house builder, on Wednesday posted a fall in earnings for the fiscal 2022, amidst an increase in cost of sales and administrative expenses. However, the company recorded a rise in sales. For the 53-week period to July 3, the Ewloe-headquartered company posted a pre-tax profit of 246 million pounds, compared with 314 million pounds a […]
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