Personal income in the U.S. increased in line with economist estimates in the month of May, according to a report released by the Commerce Department on Thursday. The report showed personal spending rose by 0.5 percent in May, matching the…
Read MoreBrazil bank CEO, a close ally to Brazil's president, resigns amid sexual harassment allegations
video FOX Business Flash top headlines for June 29 Check out what’s clicking on FoxBusiness.com. Pedro Guimarães, the head of Brazilian state-run bank Caixa Economica Federal, resigned Wednesday amid sexual harassment allegations. Guimarães is a close ally of Brazilian President…
Read MoreMortgage refinancing remains depressed
video FOX Business Flash top headlines for June 28 Check out what’s clicking on FoxBusiness.com. Mortgage rates have eased recently, but overall remain elevated, which has had an impact on parts of the mortgage industry, especially when it comes to…
Read MoreCan Solomon Lew keep shooting the lights out at Premier?
If you were to run a straw poll among investors on who should claim the title of “Australia’s greatest retailer”, veteran businessman Solomon Lew would likely be an odds-on favourite. The 77-year-old has earned himself the accolade after a long…
Read MoreThis Is the Driest City in America
America faces a water crisis that may be the worst in the country’s history. Most of the problem is due to climate change, according to a consensus among scientists. One does not have to look beyond the carefully followed U.S….
Read MoreU.S. New Home Sales Unexpectedly Show Significant Rebound In May
New home sales in the U.S. unexpectedly showed a significant rebound in the month of May, according to a report released by the Commerce Department on Friday. The report showed new home sales surged 10.7 percent to an annual rate…
Read MoreNobbling Afterpay would stifle competition and protect bank profits
There’s nothing new about buying now and paying later. You can do it with lay-by or a credit card. But the version of it invented by Afterpay, and copied by so many rivals, is so different and so hugely popular…
Read MoreFormer Obama economist warns stagflation threat level is 'highest in a long time'
video Can the Fed achieve a soft landing as it fights red-hot inflation? Thomas Hoenig, the former Kansas City Federal Reserve president, weighs in, arguing that a ‘recession is a fair call.’ The danger of the U.S. economy returning to…
Read MoreBiden admin considers action as passengers fume over flight delays, cancellations
video WATCH: Biden admin considers action as passengers fume over flight delays, cancellations As flight delays and staffing issues cause chaos across the country, travelers at Newark Liberty International Airport say that even if the government steps in, they will…
Read MorePublix not giving COVID-19 vaccine to children younger than 5
video President Biden delivers remarks on COVID-19 vaccines for kids under five President Biden delivers remarks on COVID-19 vaccines for kids under five. Health officials approved COVID-19 vaccines for children as young as 6 months last week, but Florida-based Publix…
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