video Fox Business Flash top headlines for August 12 Check out what’s clicking on FoxBusiness.com. Peloton is laying off 784 employees as the fitness giant looks to cut costs, improve efficiency and create positive cash flow, according to a Friday memo from chief executive officer Barry McCarthy. He emphasized that the company would continue to recruit top talent in key […]
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Quarterly national accounts, industrial production and foreign trade from the UK and final inflation data from France are due on Friday. At 1.30 am ET, the French statistical office Insee is scheduled to publish unemployment data for the second quarter. The jobless rate is seen at 7.3 percent. At 2.00 am ET, the Office for National Statistics releases UK GDP, […]
Read morevideo Inflation eases slightly to 8.5% in July Financial Services Committee member French Hill discusses how American families are struggling despite a slight ease in inflation in July on ‘Fox Business Tonight.’ Inflation is crushing the grocery budgets of Americans across the U.S., with food prices accelerating to a new four-decade high in July. Although the consumer price index, which […]
Read morevideo Biden’s IRS ‘going after small businesses’ after securing $80 billion from taxpayers, Grover Norquist warns Americans for Tax Reform President Grover Norquist argues the IRS is ‘massively increasing their ability to audit.’ We are in a recession. Inflation is raging at 9%. Our paychecks and life savings are worth less today than last year. What will Washington do to […]
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The following are some of the healthcare companies that reported their quarterly financial results and provided a pipeline update yesterday. 1. Aquestive Therapeutics Awaits EPIPHAST II Study Data In Q3 Aquestive Therapeutics Inc. (AQST) has revised its revenue outlook for full-year 2022 on the strength of the already implemented expense reductions, continued growth of its commercial proprietary product Sympazan, and […]
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Experts warn the rigid and archaic lenders mortgage insurance (LMI) rules could prevent borrowers from getting the best deal on their home loans, calling for banks to allow the coverage to be transferred between lenders. LMI is required by lenders when the amount borrowed for a mortgage exceeds 80 per cent of a property’s value. The insurance is designed to […]
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When sanctions made the Fortress Russia he helped build seem less impregnable, Maxim Oreshkin came up with a signature gambit to try and break the economic siege. Russia’s war on Ukraine wasn’t yet a month old and its blitzkrieg was already turning into a slog. The economic blowback was harsh, too, as the government struggled to avoid a default and […]
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Eurozone consumer price inflation accelerated further in July to set a new high as prices of food rose at a faster pace, while energy price growth remained high despite easing, raising the prospect of a bigger interest rate hike from the European Central Bank in September. Consumer price inflation climbed to a record 8.9 percent from 8.6 percent in June, […]
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Aston Martin Lagonda Global Holdings plc (AML.L) reported that its second quarter loss widened to 177.8 million pounds from 29.3 million pounds in the same quarter last year. Loss before tax for the quarter also widened to 173.8 million pounds from 48.5 million pounds in the prior year. Revenues for the quarter grew to 309.0 million pounds from 274.4 million […]
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