The Federal Reserve says inflation is ‘not transitory’ is a ‘farce’: Economist Johnson Smick International chairman and CEO David Smick provides insight into whether inflation is transitory. The Federal Reserve for months has taken a patient stance on hotter-than-expected inflation, reiterating frequently that a months-long surge in consumer prices is transitory and that raising interest rates too soon risks the […]

Art Laffer on surging inflation: Fed does not have an answer Former Reagan Economist Art Laffer discusses the administration’s handling of inflation, Biden’s Build Back Better agenda, unemployment in the U.S. and the ongoing economic recovery. American households are coping with the fastest price increases in more than three decades, with the cost of everything from cars to gasoline to […]

‘Inflation is political death’: Wesbury Economist Brian Wesbury, Gary Kaltbaum, and Jim Bianco discuss rising inflation amid a hot market on ‘Making Money’ President Biden has repeatedly pledged that his signature spending plan will pay for itself and add zero dollars to the federal deficit thanks to a slew of tax hikes on wealthy Americans and corporations, but a new […]

Fox Business Flash top headlines for November 5 Check out what’s clicking on FoxBusiness.com. Blackstone Inc. is investing as much as $250 million in U.K. biotechnology company Autolus Therapeutics PLC to fund the final stages of development of a new therapy to treat a serious form of leukemia, the companies said. Of the total investment, as much as $150 million […]

Ryanair denied us boarding even though we were following the rules Last modified on Wed 3 Nov 2021 03.02 EDT We booked a last-minute holiday to Malta in August and checked post-Brexit entry requirements on the government website. It stated that passports need to be valid for at least three months after the day you planned to leave Malta, or […]

Ohio-based packaged foods business Lancaster Colony Corporation (LANC) on Wednesday reported results for the first quarter ended September 30, 2021 that showed a dip in profit despite improvement in revenue. The comparative dip in performance is attributed to cost inflation as well as non-recurring special items of income in the previous year. Net income for the period was $30.7 million […]

Secretary Yellen led push for deal on global minimum tax Sen. Pat Toomey, R-Penn., calls the Secretary’s plan a ‘terrible deal’ on ‘Kudlow’ Treasury Secretary Janet Yellen on Monday renewed her push for Congress to raise the debt ceiling before the U.S. government runs out of cash in early December, but she said Democrats should be willing to address the […]