video Fed pushing economy to ‘brink of recession’: economist Former Treasury Department economist David Beckworth says there are a number of signals pointing to a slowing U.S. economy on “Mornings with Maria.” The overwhelming majority of economists expects the economy to tumble into a recession next year as a result of the Federal Reserve's war on inflation, according to a […]
Read moreFrom humble beginnings as a car parts by mail order business to a retail conglomerate selling everything from basketballs to puffer jackets, the business behind popular automotive retailer Supercheap Auto has lived up to its slogan of being everything auto – and much, much more. With nearly 700 stores across the country and a stable of well-known retail brands, it’s […]
Read morevideo Inflation Reduction Act: Who will IRS target? Tax Executive Committee chair Jan Lewis discusses how the middle class and small businesses could be impacted by new IRS funding on ‘Cavuto: Coast to Coast.’ The IRS is coming, and they are not here to help. There was an old joke after hurricanes that FEMA is a four-letter word for a […]
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After reporting contractions in Philadelphia-area manufacturing activity in the two previous months, the Federal Reserve Bank of Philadelphia released a report on Thursday showing regional manufacturing activity unexpectedly returned to growth in the month of August. The Philly Fed said its diffusion index for current activity jumped to a positive 6.2 in August from a negative 12.3 in July, with […]
Read morevideo Retail investors ‘severely wounded’ in this market: Expert Evolution VC Partners founder Gregg Smith discusses volatility in the markets and the impact it will have on retail investors. Americans pulled back on spending at retail stores in July, a sign that painfully high inflation is starting to weigh on U.S. households. Retail sales, a measure of how much consumers […]
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Economists expect the Reserve Bank of Australia (RBA) to keep increasing interest rates until they hit 2.5 per cent to 3.5 per cent, depending on who you ask – significantly above the cash rate’s current level of 1.85 per cent. Although that undoubtedly signals more mortgage repayment pain in the months ahead, the indications are that there is light at […]
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BHP (BHP.AX,BLT.L,BBL,BHP) reported that its attributable profit for the year ended 30 June 2022 climbed to US$30.9 billion from US$11.3 billion in 2021. Basic earnings per share were 610.6 US cents up from 223.5 US cents in the prior year. The latest year results included an exceptional gain of US$7.1 billion, where as the prior year results included an exceptional […]
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Navigating the maze-like showroom that is an Ikea store has always been notoriously difficult. But last weekend, hundreds of shoppers in Shanghai found themselves barging their way past security guards just to get out of the doors at the Xuhui district outlet. On social media it looked like a closing-down sale or Black Friday scrum. But these shoppers weren’t in […]
Read morevideo Fox Business Flash top headlines for August 12 Check out what’s clicking on FoxBusiness.com. Meditation and mental health wellness app Calm laid off 20% of its roughly 400-person workforce, according to a Thursday memo to staff from CEO David Ko. "Over the past few years, Calm’s mission to make people happier and healthier has never been more relevant – […]
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