Moody’s economist on inflation concerns, markets, July jobs report preview Moody’s Analytics chief economist Mark Zandi argues the current inflationary pressure is due to economies reopening, which caused a ‘surge in demand,’ with ‘the supply-side of the economy taking a bit longer’ to ‘kick into gear.’ The number of Americans […]
Read moreCNN offered Chris Cuomo ‘leave of absence’ to advise brother Andrew: report
More On: chris cuomo CNN’s Chris Cuomo avoids brother’s scandal again, chokes up over singer’s cancer battle CNN and Chris Cuomo under fire for anchor’s silence, role in AG probe ‘The worst kind of nepotism’: Meghan McCain rips into Chris Cuomo Andrew Cuomo’s eldercide was worse and other commentary Officials […]
Read moreEviction moratorium extended until early October: Here's what renters need to know
White House urging struggling landlords to hold off on evictions as moratorium ends FOX Business’ Edward Lawrence reports the White House is encouraging local governments to potentially extend the moratorium on evictions that expired over the weekend. The Centers for Disease Control and Prevention on Tuesday announced a fresh ban […]
Read moreJPMorgan CEO Dimon on Didi debacle, may think twice about China deals
JPMorgan Chase CEO: ‘We do not share our data with the Chinese government’ JPMorgan Chase CEO tells Maria Bartiromo his firm will be in charge of J.P. Morgan China JPMorgan Chase CEO Jamie Dimon told FOX Business on Tuesday that he might make business decisions in China differently based on […]
Read moreCongress misses key debt-ceiling deadline: What that means, what happens next
Debt ceiling suspension expires The debt ceiling suspension expired last month and Treasury Secretary Janet Yellen instituted extraordinary measures for cash-conservation. FOX Business’ Edward Lawrence with more. Time is running out for Congress to raise, or suspend, the debt ceiling before the U.S. government runs out of cash to pay […]
Read moreRotork H1 Adj. Operating Profit Rises; CEO Kevin Hostetler To Resign
Rotork plc (ROR.L) reported that its first-half profit before tax increased to 54.15 million pounds from 49.97 million pounds, previous year. Earnings per share was 4.7 pence compared to 4.4 pence. Adjusted operating profit was 62.7 million pounds, 2.4% higher year-on-year (6.5% OCC) reflecting increased sales and benefits from the […]
Read moreJetBlue adding hundreds of jobs, staying put in NY
More On: jetblue American Airlines, JetBlue add 24 new flights in time for summer Chuck Schumer urges JetBlue CEO not to ship NYC jobs to Florida JetBlue weighs moving NYC jobs to Florida Lil Pump banned from flying JetBlue after refusing to wear mask After flirting with a move to […]
Read moreNew Jersey Gov. Phil Murphy says rising prices are evidence of a hot economy, job market
Jobless Americans suing states for ending unemployment benefits early Indiana Attorney General Todd Rokita discusses the state’s plan to appeal a lawsuit over ending weekly federal unemployment benefits. New Jersey’s Democratic Gov. Phil Murphy on Monday explained that inflation and rising consumer prices may be the effect of a strengthening […]
Read moreGold gleams, silver struggles
Precious metals remained broadly range bound in July. After a distinctly weak performance in June, Comex gold managed to close in the green. The U.S. Federal Reserve’s dovish stance on interest rates and the soft trend in the U.S. dollar helped gold prices recover in July. Comex gold gained 2.6% […]
Read moreStarling Bank attracts switchers as Tesco plans to shut current accounts
App-based lender emerges as biggest winner in new figures, with Virgin Money also making sizeable gains Starling Bank is proving to be one of the big winners in the battle for current account customers, it emerged this week. And the app-based bank could recruit even more after it was announced […]
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