fox-business/economy
Private sector sheds 32,000 jobs in September: ADP
FOX Business host Charles Payne weighs in on the state of the market on ‘Making Money.’ Companies in the private sector lost 32,000 jobs in June, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 50,000 jobs. The prior month’s payrolls number was revised downward to a loss […]
Fed’s Goolsbee warns of impact a shutdown could have on economic data releases
Federal Reserve Bank of Chicago President Austan Goolsbee discusses the impact a government shutdown would have on the agency, inflation and more on ‘The Claman Countdown.’ Chicago Federal Reserve President Austan Goolsbee said Tuesday the central bank will look at alternate data sources to consider at its October meeting if upcoming economic data is not […]
Experts predict minimal economic impact from potential government shutdown
Panelists on ‘The Big Money Show’ discuss Washington’s looming government shutdown, Obamacare subsidies and why voters’ trust in lawmakers sinks as political theater overshadows real solutions. A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, […]
The Fed, CBO and Trump administration release conflicting economic projections
UBS managing director and senior portfolio manager Jason Katz discusses whether the Federal Reserve will further cut interest rates on ‘Varney & Co.’ The U.S. economy is at an inflection point as the Federal Reserve cut interest rates for the first time this month amid indications that the labor market is weakening despite inflation remaining above […]
Electronic Arts faces largest leveraged buyout deal in gaming history
Barron’s deputy editor Alex Eule and ‘Barron’s Roundtable’ panelists discuss growing concerns over gateways to online gambling and the week’s stock picks. Video game maker Electronic Arts – known for The Sims, Maddel NFL, Plants vs. Zombies and more – could be going private soon with a valuation of roughly $50 billion. The possible deal, […]
Americans face soaring coffee costs due to tariffs and production issues
Former Trump senior economic advisor Steve Moore discusses the Federal Reserve’s role in the U.S. economy, the president’s tariffs and more on ‘The Bottom Line.’ Americans are paying more for their coffee as prices for the caffeinated commodity are near record levels due to global production headwinds and higher costs from imported coffee exposed to […]
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 […]
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 […]