Sen. Warren ‘very worried’ the Federal Reserve ‘is going to tip this economy into recession’
Sen. Elizabeth Warren, D-Mass., said on CNN Sunday she’s "very worried" that the Federal Reserve's continued raising of interest rates could force the U.S. into a recession.
World Bank president on Fed's inflation fight: Central banks have more tools than rate hikes
World Bank President David Malpass responds to Fed Chair Jerome Powell's concern over combatting inflation and the options world governments have to increase production.
Soaring inflation forces school districts to cut back on supplies and pay more for nearly everything
Inflation is straining school budgets nationwide, as districts are forced to pay more for everything from school supplies in the classroom to maintaining the bus fleets picking up kids.
Larry Summers, Neel Kashkari question soft landing viability
Some of the world's top economists, from former Clinton Treasury Secretary Larry Summers to Minneapolis Federal Reserve President Neel Kashkari, are sounding the alarms on a "soft landing."
Fed will ‘absolutely’ raise interest rates in September with focus to lower inflation: SF Fed pres Mary Daly
San Francisco Fed President Mary Daly said the central bank will raise interest rates in September and promised it was "far from done" in helping to bring down inflation.
Walmart, Oracle, Robinhood lead job cuts this week
A number of layoffs were announced this week, led by Walmart, Oracle and Robinhood as inflation takes a toll despite a stronger-than-expected jobs report.
Biden 'bragging' about economy while Fed goes in 'opposite direction' of taming inflation: Andy Puzder
Former CKE Restaurants CEO Andy Puzder reacts to the July jobs report, warning economic negatives are getting ignored while positives are overemphasized.
India looks to strengthen rules around mergers and acquisitions scrutiny
India seeks to tighten the rules around mergers and acquisitions scrutiny as the country has very weak anti-trust laws, leading to unfair competition.
Mortgage rates slide below 5%
Freddie Mac said mortgage rates fell for a second week, dipping below 5% for the first time since April. A Freddie Mac economist predicts rates will remain variable.
Lawsuit accusing Pornhub parent Mindgeek of monetizing child pornography can move forward, judge rules
A California judge has ruled that a lawsuit accusing Visa and Pornhub parent company MindGeek of violating child porn and trafficking laws by monetizing illegal content can move forward.
GEICO closes all California offices, lays off workers: report
GEICO has closed all of its 38 offices in California, resulting in the layoffs of hundreds of workers, though residents can still obtain policies through a computer.
Soaring inflation drives more Americans to live paycheck to paycheck despite 5.1% increase in wages
Soaring inflation is driving more Americans to live paycheck-to-paycheck, even larger earners as increased wages can't keep up to the prices of goods at the grocery store and gas pump.
Federal Reserve Bank of Minneapolis CEO says inflation is 'very concerning' and 'spreading out' across economy
Federal Reserve Bank of Minneapolis CEO Neel Kashkari said inflation is “very concerning” despite most Americans seeing increased wages and the Federal Reserve must drive down demand.
Former NYSE chair warns Democrats' spending agenda will accelerate inflation, not curb it
Former NYSE chairman and CEO Dick Grasso urges Congress to start listening to middle America and spend wisely instead of spending to appease Wall Street.
Larry Kudlow: Chinese spying and espionage has infiltrated our nation's central bank
FOX Business host Larry Kudlow reacted to the Federal Reserve raising rates and voices national security concerns between the Fed and China on "Kudlow."
Chinese official accuses US lawmakers of 'Chinaphobia' after report on meddling in Federal Reserve
The Chinese Foreign Ministry spokesperson accused U.S. lawmakers of having "Chinaphobia" after the release of a Senate report on meddling in the Federal Reserve.
China targeted Federal Reserve employees in an attempt to undermine American monetary policy: Senate report
For nearly a decade, China has been targeting Federal Reserve employees in an attempt to undermine American monetary policy, according to a Senate report.
Russia's Gazprom slashes natural gas flow to Germany
Gazprom further reduced natural gas flows through the Nord Stream 1 pipeline to Germany on Monday as Europe scrambles for alternative energy supplies.
Amazon, Apple, Meta, Alphabet earnings, Fed decision, Spirit-Frontier merger vote top week ahead
FOX Business takes a look at the upcoming events, including the Federal Reserve's next decision on interest rates, that are likely to move financial markets in the coming days.
District judge calls out SEC for hypocrisy in Ripple lawsuit
The judge's accusation comes as she rules against the SEC's motion in it's case against Ripple Labs. Questions have arisen over a 2018 speech by William Hinman.