Former U.S. International Trade Commission Chairman Peter Morici talks about labor immigration and former President Trump's corporate tax rate plans.
U.S. employment grew in August, but not as much as economists expected.
Stocks fell throughout the week, as investors got off to a rocky start to September ahead of the Federal Reserve meeting later this week.
The risks of the deals: Ulverston and Kroger, as well as U.S. Steel and Nippon Steel, have warned of the consequences if the Biden administration blocks both mergers.
Conflicting tax reform proposals: Vice President Kamala Harris vs. former President Trump.
Amazon's Alexa is embroiled in controversy.
Another retailer has gone bankrupt…for good.
Mickey D's re-creates fan favorites.
September recession: Stocks fell on Friday, marking the worst week since March 2023 for the Dow Jones Industrial Average and the S&P 500. The Nasdaq saw its worst week since January 2022…Learn more about the market.
A mix of elements: The latest jobs data gave investors an unclear outlook for the U.S. economy…Read more here. And it created further uncertainty ahead of the Fed's September meeting, where policymakers are expected to cut interest rates…Read more here.
video: Investors are weighing the possibility of a U.S. recession following weak employment data.
NVIDIA Success: On Tuesday, the AI boom darling's market capitalization fell by $279 billion, the biggest loss ever for a U.S. stock…More information from Nvidia can be found here. The stock is down 14% this week.
The 2024 White House race
game over? Albertsons and Kroger say consumers would suffer if the Biden administration blocks a $25 billion partnership…Read more here. In other trading news, the CEO of U.S. Steel has promised job cuts if its $14.9 billion merger with Nippon Steel Corp. is scrapped.…Read more here.
video: Why the Biden Administration opposes foreign steel trade.
Conflicting tax plans: Vice President Kamala Harris breaks with President Biden on capital gains tax policy…Read more here. Meanwhile, former President Trump doubled the corporate tax rate and plans to cut it further if re-elected.…Read more here.
video: The risk of tax increases could deal a big blow to Main Street.
Billionaire's WarningMark Cuban warns about taxes and the stock market…Read more here.
Personal Finance Tips and Tricks
Dirty politics? Amazon's Alexa is interfering in politics, sparking controversy over its bias…Read more here.
video: Amazon's Alexa has been found to have unfair political bias.
RIP: Another retailer is going out of business: LL Flooring (formerly Lumber Liquidators) is going out of business, closing 400 stores.Read more here.
come back? Red Lobster Approved for Emerging from Bankruptcy…Read more
McDonald's Makeover: Mickey Dee's revamps classic sweets menu… Read more here.
Don't Miss: FOX Business Rundown Podcast – Check out other podcasts here.
FOX Business Podcast (Fox Business)
next time:
– Seeking more business and markets–An inspiring headline? Learn more about FOX Business here.
– Want live updates? Get the FOX Business App here.
– Did someone forward this email? Subscribe Additional Newsletters From Fox News and FOX Business here.
