Thomas Hoenig, the former Kansas City Federal Reserve president, weighs in, arguing that a ‘recession is a fair call.’ Federal Reserve Chairman Jerome Powell on Wednesday appeared to contract President Biden’s repeated insistence that Russia’s invasion of Ukraine was the primary driver behind inflation in the U.S. During a Senate […]
FOX Business News
Granholm: President could use Defense Production Act to handle gas supply crisis after asking for tax holiday
Arkansas Republican Bruce Westerman reacts to Democrats accusing oil companies of price gouging on ‘Fox Business Tonight.’ Energy Sec. Jennifer Granholm indicated that President Biden has considered using the Defense Production Act to help mitigate the record-high gas prices, but stressed that it is just “one” of the tools at […]
Larry Kudlow: The tax holiday won’t reduce gas prices
FOX Business host Larry Kudlow reveals what a gas tax suspension would do for the price of gasoline as Americans face record-high inflation on ‘Kudlow.’ Once again, in today’s announcement calling for a three-month suspension of the 18.4 cent federal gasoline tax, Joe Biden has come up with a gimmick […]
Granholm triples down on ‘green’ as ‘the only way out’ of high gas prices a day ahead of meeting energy CEOs
President Biden delivers remarks on gas prices and Putin’s price hike. U.S. Energy Secretary Jennifer Granholm on Wednesday warned that the nation would continue to feel the sting of price shocks if it did not break its dependence on fossil fuels. Speaking to reporters from the White House, Granholm said […]
JPMorgan’s mortgage business lays off, reassigns hundreds of employees as rates climb
SlateStone Wealth Chief Market Strategist Kenny Polcari and Mayflower Advisers Managing Partner Larry Glazer discuss the Fed’s credibility and the impact of inflation on the markets. JPMorgan Chase’s mortgage business has become the latest casualty of layoffs as the Federal Reserve’s efforts to tame scorching-hot inflation send rates higher and […]
Starbucks facing pressure to reinstate fired Buffalo workers
Check out what’s clicking on FoxBusiness.com. Starbucks is facing pressure to rehire seven Buffalo employees who federal labor officials say were “unlawfully fired for exercising their right to form a union.” However, it’s a claim that Starbucks has repeatedly denied and plans to defend. The National Labor Relations Board’s Buffalo Regional […]
Every day they’re hustling! Inflation prompts increase in side gigs amid ‘good’ job market, says expert
Americans are relying on job side hustles to make ends meet as the job market is ‘ostensibly good’, according to Bankrate.com senior analyst Ted Rossman. FOX Business Gerri Willis with more. For many workers, one job is just not cutting it and inflation is to blame. More Americans are now […]
FDA gets complaint of one more infant death related to baby formula
Radio host Tammy Bruce says when there’s accountability, there’s ‘more of an effort to make things go well’ on ‘Fox Business Tonight.’ The U.S. Food and Drug Administration said on Wednesday it was notified of one more infant death in January potentially related to Abbott Laboratories’ baby formula and the […]
OMG! Airbnb offering $10M to ‘create the craziest’ properties on earth
Check out what’s clicking on FoxBusiness.com. Airbnb is giving out $10 million to create the craziest bookable properties around the world. As part of its OMG! Fund, the San Francisco-based share-home company plans to help 100 people finance their “craziest ideas” and turn them into actual Airbnb. The company announced […]
How to use a home equity loan for debt consolidation
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