Check out what’s clicking on FoxBusiness.com. President Biden’s federal student loan forgiveness plan will cost U.S. taxpayers between $440 and $600 billion over the next 10 years, according to the Committee for a Responsible Federal Budget. The Committee for a Responsible Federal Budget settled on a central estimate of approximately […]
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Biden’s student loan handout is ‘bad economics,’ ‘good politics’: Personal finance expert
Personal finance expert Dan Roccato criticizes Biden’s student loan handout, arguing that it will have a negative impact on the U.S. economy and universities across the country. During an interview on “Mornings with Maria,” Thursday, personal finance expert Dan Roccato discusses President Biden’s action plan to combat student loan debt, […]
The Fed is aiming to ‘meaningfully decelerate’ inflation by tightening policy, Kansas City Fed president says
FOX Business’ Edward Lawrence speaks with Federal Reserve Bank of Kansas City President Esther George from Jackson Hole, Wyoming, about the economic outlook for the remainder of the year. As the Federal Reserve’s annual Jackson Hole symposium kicks off in Wyoming Thursday, Kansas City Fed bank president Esther George sat […]
Peloton’s quarterly loss tops $1.2B as bike, treadmill sales plunge
Erin Gibbs and David Nelson provide insight on whether the market has bottomed or if this is a bear market rally on ‘Making Money with Charles Payne.’ Peloton Interactive Inc. posted losses of more than $1.2 billion in the most recent quarter as revenue plunged, and the maker of bikes […]
GDP revision, Salesforce falls and more: Thursday’s 5 things to know
Wells Fargo Investment Institute senior global market strategist Scott Wren forecasts how high the Fed raise rates this year and if U.S. stocks are the best place for investors to be on ‘Varney & Co.’ Here are the key events taking place on Thursday that could impact trading. 2Q GROWTH: […]
Starbucks accused of withholding raises from union workers: report
Check out what’s clicking on FoxBusiness.com. The National Labor Relations Board alleges Starbucks illegally withheld wages and benefits from thousands of unionized baristas. The complaint arrives during a campaign by the coffee chain and its interim CEO, Howard Schultz, to tamp down unionization efforts at its stores around the United […]
Tips for navigating a recession
Liz Ann Sonders, Beth Kindig and Jared Dillian provide insight on the Fed’s rate hikes and the stock market on ‘Making Money.’ The U.S. economy may or may not be in a recession, but economists broadly agree that a downturn is looming due to high inflation and higher interest rates. […]
Amazon shutting down its hybrid virtual, in-home care service
Check out what’s clicking on FoxBusiness.com. Amazon is shutting down one of its health care offerings that it spent several years developing. Amazon will pull the plug on the hybrid virtual, in-home care service known as Amazon Care by Dec. 31. The move was announced in an email sent to […]
Sylvester Stallone and Jennifer Flavin divorce: What’s at stake in ‘Rocky’ star’s estimated $400 million split
Check out what’s clicking on FoxBusiness.com. Sylvester Stallone’s estranged wife, Jennifer Flavin, filed for divorce in Palm Beach, Florida, after 25 years of marriage. Flavin filed the dissolution of marriage paperwork Friday after more than two decades together. The former couple, who have three daughters together, met in the ‘80s […]
Biden’s student loan deal not a quick fix for all
Penn Wharton Budget Model Faculty Director Kent Smetters says Biden’s student loan handouts, worth more than $300 billion in taxpayer money, will be spaced out over several years. President Biden’s plan to have the government absorb billions in student loans is a win for some but not for all the […]