Rick Rieder, the chief investment officer of global fixed income at investment giant BlackRock, appeared on “The Claman Countdown” Tuesday and said that he expects the Federal Reserve will continue to raise interest rates before pausing to let monetary policy changes take full effect. Rieder said that he believes the […]
FOX Business News
LARRY KUDLOW: Energy independence is a tremendous first step out of this malaise
Remember back a couple of months ago when mainstream media types were saying the new Republican Congress wouldn’t get anything done, and really wasn’t all that important? Well, turns out, just after a few months, the GOP Congress is important, and is getting things done. One of the things the House Republicans are doing to […]
The New York couple behind El Salvador’s Bitcoin Experiment
SAN SALVADOR, El Salvador—Two New Yorkers who created a popular financial news show on Russian state television and cashed in on the crypto boom have emerged as key advisers to the Salvadoran government on its adoption of bitcoin. Max Keiser and Stacy Herbert are also investing in bitcoin ventures in […]
Starbucks union fight moves to Congress with labor talks stalled
Starbucks Corp. and chain baristas are more than 18 months into a fight over unionizing cafes at the world’s largest coffee company. Neither side has gotten all that they wanted. Starbucks has managed to slow down new union petitions over the last year and a half. But the push has […]
North Dakota to exempt military pay from income taxes for active duty members
Republican Gov. Doug Burgum signed a bill Monday that exempts military pay from state income taxes for active duty, National Guard and Reserve members. Under this bill, North Dakota service members’ income taxes are estimated to drop by $4 million between 2023 and 2025, the governor’s office said. Military pay […]
Michigan Burger King franchisee to close 26 restaurants, lay off over 400 employees
Burger King lovers in Michigan are going to need to find a new spot to get a whopper after a franchisee announced the closure of 26 fast food locations. The fast-food restaurant closings will force 434 employees to lose their jobs, according to a letter filed with Michigan’s Department of […]
Consumer confidence rebounds amid inflation, bank crisis
U.S. consumers were more confident in March despite a string of banking failures and the Federal Reserve raising interest rates once again to cool persistent inflationary pressures. A survey from the Conference Board on Tuesday showed the Consumer Confidence Index went up slightly in March, rising to 104.2 from 103.4 […]
Will the Fed cut interest rates this year? BlackRock warns it’s unlikely
The Federal Reserve is unlikely to cut interest rates this year despite recent turmoil within the banking sector, according to BlackRock strategists, disappointing investors who are heavily betting on such a scenario. “We don’t see rate cuts this year – that’s the old playbook when central banks would rush to […]
Paul Newman Rolex Daytonas, found in a desk, could sell for millions
Years ago, Nell Newman was rooting around for a pencil in the Connecticut home office of her late father, the actor Paul Newman, when she unearthed two horological treasures: a pair of Rolex Daytona watches worn by Newman in his latter years. “There they were with his driver’s license,” said […]
Guinness maker Diageo appoints its first female CEO
Diageo PLC named Debra Crew as its next chief executive, tapping an internal candidate to succeed longstanding leader Ivan Menezes at the helm of the alcoholic beverage company. The London-based maker of Johnnie Walker Scotch whisky, Guinness stout and Smirnoff vodka said Tuesday that Ms. Crew, currently Diageo’s chief operating […]