Delta variant concern could slow economic recovery, Fed's Kashkari warns

National Economic Council Director on whether US economic recovery is at risk due to Delta variant National Economic Council Director Brian Deese discusses the Delta variant’s impact on US economic recovery and the expiring eviction moratorium. The coronavirus delta variant has already led some officials to reinstate mask mandates, but Minneapolis Federal Reserve President Neel Kashkari warns that it could […]

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Square shares tumble after announcement of $29B deal to buy Afterpay

More On: square Jack Dorsey tweets Square’s eyeing creation of bitcoin hardware wallet Square buys majority stake in Tidal for $297M, adds Jay-Z to board Bitcoin bounces back over $50K after Square, MicroStrategy buy more Jack Dorsey rails against feds’ proposed cryptocurrency rules Shares of the financial services company Square tumbled almost 5 percent in premarket trading Monday after it […]

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Millions of eligible children may miss out on expanded Child Tax Credit, study finds

Child tax credits land in bank accounts ‘Wall Street’ columnist Bill McGurn tells ‘Fox Business Tonight’ the tax credit is ‘a bad precedent’ for families The IRS is missing the required information for millions of American households that could potentially qualify to receive the expanded Child Tax Credit, a new report shows. About 4 million or more children in low-income […]

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Fiscal stimulus, vaccines likely fueled US economic growth in the second quarter

Fox Business Flash top headlines for July 28 Check out what’s clicking on FoxBusiness.com. The U.S. economy likely gained steam in the second quarter, with the pace of growth probably the second fastest in 38 years, as massive government aid and vaccinations against COVID-19 fueled spending on travel-related services. The anticipated acceleration in gross domestic product last quarter would lift […]

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Goldman Sachs cuts 2022 US GDP forecast amid virus concerns

Can supply keep up with demand as economy recovers? BNY Mellon Wealth Management Head of equities Alicia Levine and Principal Financial Group Chief Strategist Seema Shah discuss consumers and the U.K. lifting restrictions. U.S. economic growth will slow sharply in 2022 as coronavirus fears keep the service sector from fully returning to pre-pandemic levels, according to Goldman Sachs Group Inc. […]

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Chinese stocks extend losses on renewed crackdown from Beijing

More On: china Dr. Fauci’s intolerable obfuscation and other commentary Fauci tries to explain why US funded coronavirus studies at Wuhan lab Typhoon In-fa hits China’s east coast and grounds all flights Here’s all the proof Biden needs to conclude COVID leaked from a lab Chinese stocks extended their recent losses Monday morning amid a renewed crackdown from Beijing that […]

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It Is 118 Degrees in This National Park

Death Valley holds the record for the hottest place in American history. That milestone, 134 degrees Fahrenheit, was set on July 10, 1913. However, the figure has been questioned because temperature measurement methods were not as sophisticated as they are today. That may not matter. A list of the hottest places in U.S. history has Death Valley in the top […]

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