fox-business/markets/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 […]
Labor Department to halt economic data releases if government shuts down
Bear Traps Report founder and NYT bestselling author Larry McDonald joined ‘Mornings with Maria’ to warn that Wall Street faces its biggest risks since 2008, with rising defaults, shaky banks and looming economic turmoil. As Washington’s partisan standoff deepens, the Labor Department is preparing for a potential halt in economic data if there is a […]
Aviation group targets administrative roles through digitalization and automation by 2030
Former NSA hacker David Kennedy joins ‘Mornings with Maria’ to discuss hacking group ‘Scattered Spider’ targeting the airline industry ahead of the July 4th weekend and the CIA declassifying a review of the 2016 Russia election interference probe. German aviation group Lufthansa is cutting 4,000 administrative jobs over the next five years as it seeks […]
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, […]
Hurricane Helene: Communities, businesses are rebuilding 1 year after the storm
Fox Business’ Gerri Willis reports from her hometown of Spruce Pine, N.C., where small businesses and students are rebuilding their lives with resilience, heart, and community. Seventy-nine billion dollars. That’s the official estimate of the destruction left behind by Hurricane Helene as the first anniversary of the storm is marked this weekend in communities across […]
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 […]
American Airlines launches luxury amenity kits and Champagne Bollinger
American Airlines launches luxury amenity kits with Joanna Vargas skincare and Bollinger Champagne service. American Airlines launched more high-end products and services, from amenity kits to serving Champagne Bollinger, as the industry continues to court premium travelers. As demand for economy seating continues to lag, airlines are pouring resources into upgrades for business and first-class […]