Wildfires expose California’s insurance crisis; Meta, Amazon ditch DEI; and IRS outlines tax season
Heritage economist E. J. Antoni analyzes December's employment report on “how to make money.'' Stocks plummet after better-than-expected jobs data, creating new headwinds for the Federal Reserve ・President-elect Trump harshly criticized President Biden in response to his aggressive moves toward energy drilling. -More Fortune 500 companies are eliminating DEI policies -California wildfires exposed major deficiencies […]
Biden Gives America One Last Economic Gift: More Gov’t Bureaucrats Than Ever Before
President Joe Biden is ending his term with a record number of government workers on taxpayer-funded payrolls, new jobs data reveals. The number of state, federal and local government employees has risen to new highs during Biden’s presidency, totaling about 23.5 million as of December, according to Federal Reserve Economic Data updated with the latest […]
Dockworkers’ union, employers avert strike after reaching tentative deal
Rep. Michael Lurie (R-Ohio) reacted to the tentative agreement with longshoremen, calling Tim Walz “dumb-headed” for his earlier Tiananmen claims. (Courtesy: CBS News) The union representing about 45,000 U.S. longshoremen reached a tentative agreement with port employers Wednesday, averting strikes at East and Gulf ports later this month. The International Longshoremen's Association (ILA) and the […]
Chick-fil-A’s lemon-squeezing automation cuts over 10,000 hours per day: report
Celebrity chef Robert Irvin shares his top tips for healthy eating during an appearance on “The Big Money Show.” Atlanta, Georgia-based Chick-fil-A is saving nearly 10,000 hours a day at its locations by automating the lemon squeezer that produces the juice used in one of the fast food chain's most popular drinks. It is said […]
Nancy Pelosi’s Stock Portfolio Explodes In Value, Beats Market By Nearly 200%
Former House Speaker Nancy Pelosi beat the S&P 500 by nearly 200% in 2024, continuing her streak of outperforming the stock index. Pelosi’s portfolio grew 70.9% between Dec. 29, 2023, and Dec. 30, 2024, compared to the S&P 500’s 24.9% return for the period, according to financial data platform Unusual Whales’ 2024 Congress Trading Report. The […]
AT&T to offer customers bill credits for network outages
See what's being clicked on FoxBusiness.com. Telecommunications giant AT&T said Wednesday it will offer bill credits to customers affected by network outages as part of an effort to attract customers after the industry experienced several significant disruptions last year. In February 2024, AT&T suffered a nationwide wireless service outage that lasted more than 12 hours, […]
Toyota plans to make over $44 million investment in rocket company
See what's being clicked on FoxBusiness.com. Toyota's mobility subsidiary will invest $44.3 million in the Japanese rocket company. Rocket company Interstellar Technologies (IST) will receive Toyota's multi-million dollar investment “by the first close” of its Series F financing, the rocket company announced Tuesday. The company also announced a “business partnership” with Toyota Motor Corporation. IST […]
‘His Agenda Coming To Life’: Trump Secures Massive Foreign Investment To Build Out US Data Centers
President-elect Donald Trump announced a $20 billion foreign investment in new data centers Tuesday. The pronouncement came during Trump’s pre-inauguration press conference at Mar-A-Lago, his second since his November victory. The $20 billion investment will come from Billionaire Hussain Sajwani, a Trump associate and founder of the property development company DAMAC Properties. (RELATED: ‘Amazing Idea’: […]
Lame Duck Biden Admin Issues Rule Hiding Nearly $50 Billion In Debt From Credit Reports
The lame duck Biden administration’s Consumer Financial Protection Bureau (CFPB) issued a new rule Tuesday that will hide an estimated $49 billion in medical debt from credit reports. The rule, which is slated to affect 15 million Americans, prohibits the inclusion of medical bills on credit reports and bars creditors from using medical information in […]
Legacy Media Die-Off In Full Swing As WaPo Set To Lay Off Dozens: REPORT
The Washington Post will lay off “dozens” of workers in its business division amid ongoing financial struggles and an editorial exodus, former CNN media reporter Oliver Darcy reported Monday. In what sources familiar with the matter reportedly described to Darcy as “deep” cuts, the Bezos-owned publication will purge dozens from its business side. Those expected […]