Bank of America CEO Brian Moynihan said in an interview on Sunday that the president’s firing of the Bureau of Labor Statistics commissioner following a weak jobs report was due to politics, though he said government employment data should be improved. Moynihan appeared on CBS News’ “Face the Nation with Margaret Brennan”…
More than 3,200 Boeing union workers in Missouri and Illinois are on strike following the rejection of a four-year labor agreement with the aerospace company. The workers who assemble fighter jets turned down a four-year contract that would have raised the average wage by roughly 40% and included a 20%…
As Orlando celebrates 150 years of history, its mayor is looking forward to its future as a destination known for more than just theme parks. “We are much, much more than just tourism,” Orlando Mayor Buddy Dyer told FOX Business, adding that, over the last 20 years, the goal of…
Federal Reserve Governors Michelle Bowman and Christopher Waller on Friday released statements outlining why they supported an interest rate cut at this week’s meeting. It marked the first time in more than 30 years that two Fed governors dissented from a decision about rates. The last time was in 1993.…
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Meta CEO Mark Zuckerberg on Wednesday announced the tech giant will focus on developing a personal superintelligence for everyone, which will…
The United States has a copper problem. Simply put, the U.S. uses a lot of it and there aren’t enough…
United Airlines was bullish on Wednesday about a “strong finish” to the year as the carrier saw demand begin to…
Bitcoin hit a record high on Monday amid investors’ optimism that the cryptocurrency may soon have more regulatory certainty with…
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American distillers are keeping a close eye on trade talks as Canada and Mexico have until Friday to reach deals with the U.S. President Donald Trump on Sunday levied a 15% tariff on most products imported from the 27-nation European Union. Prior to the deal,…
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Let’s talk about energy dividends because, well, you know why. But let’s not chase the headlines. Let’s focus on energy “toll collectors” that…
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Whether your workspace is located in an office building or within your own home, the way you design it can have a direct…
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Dispatches from SuperReturn Berlin and the Inovia VC Summit “It was the best of times, it was the worst of times.” On the…
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A Trump administration official on Friday suggested that Federal Reserve Chair Jerome Powell is reportedly considering resigning. Federal Housing Finance Agency Director Bill Pulte – a vocal critic of Powell who has backed President Donald Trump’s efforts to pressure the central bank into interest rate cuts – released a statement…
The average net worth that Americans feel is needed to qualify as wealthy has surprisingly declined, compared to last year, though it is still an eye-popping figure, Charles Schwab found. The financial services company said in the latest edition of its “Modern Wealth Survey” that Americans now view $2.3 million…
President Donald Trump is threatening to impose an additional tariff of 35% on Canadian goods on Aug. 1, after accusing the U.S. neighbor to the north of failing to stop the flow of fentanyl into the country and instead retaliating with its own tariffs. In a letter to Canadian Prime…
A lawsuit filed by a widow against weapons manufacturer Sig Sauer accusing it of being responsible for the death of her husband will continue in state court, a federal judge ruled this week. On Monday, Judge Anita Brody of the U.S. District Court for the Eastern District of Pennsylvania sent…
Mortgage rates ticked higher for the first time in weeks, mortgage buyer Freddie Mac said Thursday. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage rose to 6.72% from last week’s reading of 6.67%.The average rate on a 30-year…
Communities and major industries in Central Texas were recently hit hard by deadly flash flooding. As the area starts working to recover from the disaster, the local business community and others have been turning out to help. Areas in Central Texas faced severe flooding during the long Fourth of July…
Copper prices surged on Tuesday following President Donald Trump’s announcement that he will impose a 50% tariff on copper imports as he seeks to boost domestic production of the critical metal. The price of copper hit a record high following the president’s announcement at a Cabinet meeting in front of the…
Byrna Technologies Inc. CEO Bryan Ganz has been “pleased” with some of the Trump administration’s sweeping tariffs on imports, as they have made it more difficult for Chinese competitors to sell “inferior knockoffs” to U.S. consumers at low prices. “People’s lives are at stake when they use our device,” Ganz…
Former Federal Reserve Governor Kevin Warsh said the U.S. economy could grow tremendously, but “bad” policies by the Federal Reserve are keeping it from doing so. Warsh told “Kudlow” host Larry Kudlow that he had “some sympathy” for President Donald Trump being frustrated with how Federal Reserve Chair Jerome Powell…
FIRST ON FOX: A new report from the Council of Economic Advisers (CEA) found that the prices of imported goods have fallen this year and have dipped faster than overall goods prices since February. The CEA, an agency within the Executive Office of the President, said its findings contradict claims…
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