Electricity bills for hundreds of thousands of Australian households will rise by $100 or more a year as consumers begin to feel the pinch from soaring fossil fuel prices pushing up the cost of power generation across the energy network. Intensifying cost-of-living pressures while inflation remains at a two-decade high, […]

video Fed not equipped to get inflation under control: Market analyst The Cow Guy Group founder Scott Shellady and TJM Investments managing director Tim Anderson analyze the impact of inflation and gas prices on the retail sector. Most Federal Reserve officials agreed at their gathering earlier this month that they […]

video The Fed ‘can’t avoid’ a recession: Dick Bove Odeon Capital Group chief financial strategist Dick Bove provides insight into how the Fed is handling inflation.  The Federal Reserve is officially at war with inflation, raising interest rates at the fastest pace in decades as it looks to reduce demand […]

video Fox Business Flash top headlines for May 23 Check out what’s clicking on FoxBusiness.com. California Gov. Gavin Newsom on Monday raised the possibility of mandatory water-use cuts amid an ongoing drought in an effort to increase conservation. The Democratic governor met with representatives from several water agencies, including those […]

video Is stagflation coming this year? UBS GWM Head of Americas Equities David Lefkowitz argues ‘consumers have a pretty big cash cushion’ to tap into to help offset surging prices. A growing number of economists and money managers are sounding the alarm over a possible return to 1970s-style "stagflation," as […]

video Indiana economy feeling inflation ‘headwind’: Gov. Holcomb Indiana Gov. Eric Holcomb on the ‘hopefully short-term’ crises exacerbated by inflation and financial stress. Live from the World Economic Forum in Davos, Switzerland, Indiana Gov. Eric Holcomb previewed his panel at the conference on "Mornings with Maria" Monday, claiming the state's […]

China’s central bank unexpectedly lowered its lending rates for long-term loans, a move that is set to prop up lending to the property market. The five-year loan prime rate, or LPR, the benchmark for mortgage rates, was lowered by a record 15 basis points to 4.45 percent from 4.60 percent, […]

UK inflation jumped in April to surpass previous records, largely on food and fuel prices, signaling the high cost of living that is set to squeeze household incomes, and validating expectations for further tightening from the Bank of England this year. Inflation accelerated sharply to 9.0 percent in April from […]

Cisco Systems Inc. (CSCO) Wednesday reported its results for the third quarter, with earnings beating Street estimates, while revenues falling short of expectations. Moving ahead, the company lowered its outlook for the full year, sending its shares down over 15% in extended trading session. San Jose, California-based Cisco System’s third-quarter […]

China’s industrial production declined unexpectedly in April reflecting not only the disruption caused by the Covid-19 lockdown, but also weaker foreign demand. Further, the decrease in retail sales worsened on weak household consumption. Industrial production dropped 2.9 percent on a yearly basis, reversing a 5.0 percent fall in March, data […]