Fox News contributor Gary Kaltbaum and former Trump Administration Director of the Office of Management and Budget Vance Guinn discuss the latest economic developments coming out of the Federal Reserve and the White House.
Federal Reserve Chairman Jerome Powell did not disappoint…and Wall Street loved it.
Vice President Kamala Harris formally accepted the Democratic presidential nomination at the Democratic National Convention, but her pledge to raise corporate taxes has not gone down well with everyone.
Walmart and Target want your business and are lowering their prices to get it.
One CEO will be adding more than 1,100 miles of long-distance commuting to his new job.
All the bodies missing after a yacht disaster off the coast of Italy have been recovered, including that of British billionaire Mike Lynch.
Want to be rich? You need loads of cash.
Records found: US stocks closed just shy of record levels after Federal Reserve Chairman Jerome Powell said the long nightmare of rising interest rates may soon be over…Learn more about the market. Chairman Powell gave his account of the situation in a speech at a Kansas City Federal Reserve Bank symposium in Jackson Hole, Wyoming.…Read more here.
video: One-on-one meeting with the President of the Federal Reserve Bank of Chicago.
Yellow Metal: Gold prices continue to rise, closing just below their all-time high at $2,508.40 per ounce. If you have heavy gold bars, you may be in for a windfall…Read more here.
The 2024 White House race
video: Not everyone believes the Fed is wise.
ETF Report: Insights you need to know
Chicago corporate exodus: Vice President Kamala Harris formally accepted her party’s presidential nomination amid lavish celebrations at the Democratic National Convention in Chicago. But outside, big business is fleeing the city because of crime and taxes…Read more here. Residents in other places are also vowing to leave.…Read more here.
video: Leon Panetta says Vice President Kamala Harris can stand up to President Trump.
Tax hikes: Vice President Kamala Harris has also pledged to raise the corporate tax rate significantly above the 21% rate left by former President Trump. Read more here.
video: Raising corporate tax rates could backfire badly.
Price War: Inflation may be easing, but Walmart and Target are playing it safe by expanding their offerings of higher-value items. Read more here. Meanwhile, Walmart shares hit a new high this week.…Please see here.
video: Walmart’s CFO explains why business is booming.
New World Commuting: Starbucks’ new CEO lives in California and will commute to Seattle when he takes up his new role, just over 1,100 miles away.…Read more here.
video: Starbucks’ new CEO has a lot of work to do.
Tragedy at sea: The bodies of all the victims of the superyacht “Basian”, which sank off the coast of Italy due to extreme weather, have been recovered.…Read more here. The voyage was a celebration of the acquittal of British entrepreneur Mike Lynch, who has been dubbed Britain’s Bill Gates.…Read more here.
video: More on the Bayesian sinking.
1% Club: Do you want to be one of the top 1%? This is how much money you need to be considered wealthy…Read more here.
Don’t Miss: FOX Business Rundown Podcast – Check out other podcasts here.
FOX Business Podcast (Fox Business)
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