Smokers under 30 must show ID to purchase tobacco products, FDA says
See what's clicking on FoxBusiness.com. The US Food and Drug Administration has announced that anyone who appears under the age of 30 will be required to show photo identification when purchasing tobacco products, raising the current age verification requirement by three years. The rules, finalized Thursday, also state that retailers cannot sell tobacco products in […]
Cash in money market accounts at record level as rate cuts loom
KB Advisory Group founder Christine Benz breaks down the disconnect between Main Street and Wall Street on “Making Money.” The amount of cash held by investors Money Market Accounts It hit a record high in August, even as looming interest rate cuts reduce returns. Money market account assets hit $6.24 trillion this month, according to […]
Inflation measure closely watched by the Fed rises 2.5% in July
Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, joins “Mornings with Maria” to share his thoughts on some of the headlines in the U.S. economy. The inflation indicator is Federal Reserve System It rose slightly in July as rising prices continue to weigh heavily on millions of Americans. The Commerce Department said Friday […]
Here’s why grocers are really raising prices
Greg Ferrara, president of the National Grocery Association, explained the factors contributing to rising food prices in an interview with FOX Business Network's Edward Lawrence. of Grocery Store Industry Some politicians have accused retailers of price gouging as consumers continue to struggle with persistent inflation, but the head of a trade group representing independent grocers […]
There are more 401(k) millionaires in the US than ever before
Barron's Roundtable discusses reports that Gen Z is actively seeking retirement. The number of 401(k) plan participants with balances of $1 million or more hit a record high at the end of June, according to a new survey released by Fidelity Investments. There were about 497,000 so-called 401(k) plan “millionaires” in the second quarter, the […]
Mortgage rates drop again, but housing market remains stalled
FOX Business' Larry Kudlow reacts to the revised jobs report and its impact on the U.S. economy on “The Big Money Show.” Mortgage rates fell again this week but are still too high to spark any big moves in the housing market as the housing affordability crisis persists. Freddie Mac's latest primary mortgage market survey […]
Body of Delta worker ‘unrecognizable’ after tire explosion, son says
More information has emerged about the incident that left two people dead and one injured Tuesday morning, FOX 5 Atlanta reported. The son of a Delta Air Lines employee killed at an airline aircraft maintenance facility in Atlanta early Tuesday said his father's body was “unrecognizable” and could only be identified by his tattoos. Mirko […]
Deaths of 2 Delta workers under federal investigation after wheel mishap at Georgia facility
See what's clicking on FoxBusiness.com. A federal investigation is underway after an incident at a Delta Air Lines aircraft maintenance facility in Atlanta early Tuesday morning that left two company employees dead and a third seriously injured, Fox Digital reported. Delta said the fatal accident happened just after 5 a.m. at a maintenance facility in […]
Consumer confidence reaches six-month high, but labor market worries rise
Claman Countdown panelists Scott Redler and Michael Landsberg weigh in on the possibility of a recession. We Consumer Confidence Although Americans are growing increasingly worried about the labor market after last month's rise in the unemployment rate, rising optimism about the economy helped push the unemployment rate to its highest level in six months in […]
Dallas Fed highlights warning pointing to ‘economic weakness’
Gerald Storch, CEO of Storch Advisors, responded to Target's decision to cut prices on 5,000 common products during an appearance on “Varney & Co.” The Federal Reserve Bank of Dallas released its monthly Texas manufacturing outlook this week, which assesses the sector based on a survey of manufacturers, with many of them sounding warnings in […]