5 mins read

August PCE: Fed’s favored inflation gauge shows consumer prices remain elevated

Former J.P. Morgan Chase chief economist Anthony Chan discusses Treasury Secretary Scott Bessents prediction of a sharp drop in inflation on Varney & Co. The Federal Reserve’s preferred inflation gauge showed that inflationary pressures remained elevated in August, as policymakers seek to balance the need to restore price stability against a weakening labor market following last […]

3 mins read

Amazon to pay $2.5B Prime settlement with customer refunds

Federal Trade Commission Chairman Andrew Ferguson explains Amazon’s billion-dollar settlement with the Federal Trade Commission on ‘Making Money.’ Amazon is set to pay a historic $2.5 billion settlement after it was accused of enrolling customers in Prime subscriptions without their consent and making it hard to cancel. The Federal Trade Commission (FTC) announced the settlement […]

4 mins read

California governor accuses General Motors of selling out on EV policies

California tries to keep fossil fuels after battling big oil.  FOX Business Lauren Simonetti with more. California Gov. Gavin Newsom blamed General Motors and CEO Mary Barra for the rollback of electric vehicle subsidies and other anti-EV measures advanced by the Trump administration and Republicans in Congress. Newsom was asked last week about the state of […]

3 mins read

Trump announces new tariffs on pharmaceuticals, trucks starting Oct. 1

President Donald Trump addresses the federal appeals court ruling against his tariffs during a press conference. President Donald Trump announced his newest round of tariffs set to take effect on Oct. 1 in a series of Truth Social posts Thursday evening. The tariffs will target pharmaceuticals, home goods and heavy trucks, and Trump said he […]