JPMorgan estimates insured losses in California wildfires could top $20B
San Diego County Supervisor Jim Desmond talks about how California's policies are impacting residents as wildfires go unchecked. A new analysis from JPMorgan estimates that the overall economic and insurance losses caused by the deadly wildfires that have hit Southern California are likely to be the highest in the state's history. JPMorgan insurance analysts released […]
Private sector adds 122,000 jobs in December, below expectations, ADP says
Art Laffer, co-author of “The Trump Economic Miracle,” discusses “Kudlow” about President-elect Donald Trump's plan to clean up the government. Payroll company ADP said Wednesday that private sector companies added 122,000 jobs in December. The figure was lower than the 140,000 expected by economists and also lower than the 146,000 reported in the previous month. […]
2 bodies discovered in landing gear of JetBlue plane at Florida airport
See what's being clicked on FoxBusiness.com. Two people were found dead in the landing gear compartment of a JetBlue plane that landed in Florida on Monday night, the airline said. JetBlue Flight 1801 departed from New York's John F. Kennedy International Airport and landed at Fort Lauderdale-Hollywood International Airport. FOX5 New York reported. A JetBlue […]
Tens of thousands of Amazon workers return to in-person work in Washington
Bruce Mosler, chairman of global brokerage at Cushman & Wakefield, weighs in on the push for in-person offices in New York City. Monday marked the first day 50,000 Amazon employees in Seattle returned to work in person. The return of employees was expected to impact traffic in the city, as many employees transitioned to remote […]
Winter storm cancels more than 1,000 flights, delays hundreds
Travel + Leisure Co. CEO Mike Brown reacts to the announcement of “The Claman Countdown.” More than 1,000 flights were canceled across the United States on Monday, and hundreds of others were delayed. winter storm Heavy snow and ice covered large areas of the country. As of 6:45 a.m. ET, a total of 1,339 flights […]
LA vegan restaurant that started serving meat closes after 14 years
See what's being clicked on FoxBusiness.com. a Los Angeles restaurants The restaurant, which started as a vegan restaurant but began serving meat last year, is closing after 14 years in business. The last day of business for Sage Regenerative Kitchen & Brewery in Echo Park was Sunday, according to . Instagram post. A post by […]
Nippon Steel says it’s suing Biden admin for blocking US Steel acquisition
U.S. Steel and Nippon Steel announced that they will file a joint lawsuit against the U.S. government and other parties in response to President Biden's move to block the agreement. FOX Business' Lydia Hu has more. Nippon Steel and US Steel Biden administration's The move is to block a roughly $15 billion deal in which […]
Dockworkers’ union, employers to resume talks as strike threat looms
Rep. Michael Lurie (R-Ohio) reacted to the tentative agreement with longshoremen, calling Tim Walz insensitive to earlier Tiananmen claims. (Courtesy: CBS News) of labor union Representing the 45,000 U.S. longshoremen who went on strike in the fall, we are back at the bargaining table with port employers amid fears of another strike this month at […]
Mortgage rates kick off 2025 with an increase, nearing 7%
Kudrow panelists Steve Forbes, David Bahnsen and Jackie DeAngelis shed light on the state of the U.S. economy as we head into the new year. Mortgage rates have risen for the third straight week to their highest level since July, further hampering demand in an already stagnant housing market. Freddie Mac's latest Primary Mortgage Market […]
States where minimum wage will rise in 2025
McDonald's franchise owner Scott Rodrick says his business has been under cost pressure since California's minimum wage hike targeted Maria Bartiromo's Wall Street fast-food franchises. According to recent data, nearly half of U.S. states are scheduled to raise their minimum wage on January 1, 2025, meaning about 9.2 million workers will have to raise their […]