Hedge fund billionaire says US debt ‘is a growing concern that cannot be overlooked’
Philip Swagel, director of the Congressional Budget Office, is analyzing where lawmakers stand to rein in the rise in debt. Founder and CEO of Citadel ken griffin He sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund, published Monday. Griffin pointed to recent projections by […]
A million simulations show US debt is on an ‘unsustainable’ path
Treasury Secretary Janet Yellen talks about inflation risks, taxes and credit card debt in an exclusive interview with FOX Business. The United States is almost certainly on an unsustainable path to astronomical increases in the national debt, according to one million simulations conducted by Bloomberg. Bloomberg reported on Tuesday that it ran 1 million simulations […]
Trapped vessels navigate Port of Baltimore after bridge collapse
FOX News Chief National Security Correspondent Jennifer Griffin gives an update on cleanup efforts after the Francis Scott Key Bridge collapse on “Claman Countdown.” of port of baltimore It opened a temporary channel Monday for some tugboats and barges stuck in the port after a bridge collapsed last week. Work continues to broadly restore commercial […]
Teamsters call for nationwide boycott of Molson Coors amid labor dispute
See what’s being clicked on FoxBusiness.com The International Brotherhood of Teamsters is calling for a nationwide boycott of Molson Coors as labor negotiations between the union and the beverage company stall. Approximately 420 members of Teamsters Local 997 in Texas have been on strike at Molson Coors’ Fort Worth brewery for more than a month […]
Americans are draining their retirement accounts, racking up debt due to high inflation
MacroMavens President Stephanie Pomboy discusses the economy, the impact of inflation on consumers, and her expectations for fourth quarter GDP. Chronic inflation is hampering the ability of millions of Americans to prepare for their financial future, according to new research released by Allianz Life Insurance. According to research by Allianz Life Insurance Company of North […]
Powerball jackpot rises to $1.09 billion after no players win grand prize
Check out what’s being clicked on FoxBusiness.com of powerball jackpot There were no tickets that matched the winning numbers in Monday night’s drawing, increasing the estimated value to $1.09 billion. Monday night’s winning numbers were 19, 24, 40, 42, 56 and a red Powerball 23. The power play was doubled. No one won the estimated […]
Baltimore bridge collapse poses ‘temporary risk’ to local, state economies: Moody’s
The impact of Baltimore’s Francis Scott Key Bridge disaster on the local economy and government is “difficult to understand,” said tax expert and CEO Niko Spiridonos. The spectacular collapse of Baltimore’s Francis Scott Key Bridge last week may pose a temporary economic threat. Local and state economiesaccording to Moody’s. Moody’s said in a new analyst […]
How It Started… How It’s Going: Homes have become less affordable since Biden took office
FOX Business’ Jerry Willis reports on the rise in home ownership costs over the past four years. Housing in the United States is becoming increasingly unaffordable. President Biden’s term One study found that buyers in nearly half of 50 states needed a six-figure salary to afford a median-priced home in January. While the Biden administration […]
California’s $20 minimum wage for fast-food workers goes into effect
16 Handles CEO Neil Hirschman discusses the impact of Governor Gavin Newson’s new minimum wage law on Barney & Company. A new California law raising the minimum wage for fast-food workers in the state to $20 an hour goes into effect Monday, affecting restaurants with at least 60 locations nationwide, excluding those that make and […]
Maryland governor warns bridge collapse will have ‘massive impact’ on US economy across multiple industries
Democratic Maryland Gov. Wes Moore appears on “Fox News Sunday” to discuss efforts to clean up and rebuild the collapsed Baltimore bridge. Maryland Gov. Wes Moore said Sunday that his state would not be the only one to feel the economic impact of the collapse of the Francis Scott Key Bridge in the Port of […]