Requested a late-filing tax extension? The deadline is looming closer

video Inflation Reduction Act garners skepticism over taxes, alternative energy policies The Wall Street Journal columnist Jason Riley and The Federalist senior editor Christopher Bedford discuss the potential shortcomings of the Inflation Reduction Act on ‘WSJ at Large with Gerry Baker.’ Time is running out for the millions of Americans who requested a tax deadline extension earlier this year to […]

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Hurricane Ian in Florida: Early insurance claims show $474M in losses

video Naples, Florida in recovery mode following Hurricane Ian Naples Mayor Teresa Heitmann discusses the aftermath of Hurricane Ian and the recovery efforts following the storm. Early insurance claims from Hurricane Ian total nearly $474 million in estimated insurance losses, according to claims data posted to the Florida Office of Insurance Regulation website.  Companies were required to begin submitting data […]

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Cracker Barrel Q4 Adj. Profit Declines; Issues FY23 Guidance

Cracker Barrel Old Country Store, Inc. (CBRL) reported fourth quarter adjusted earnings per share of $1.57, a 30.2% decrease from prior year. Adjusted operating income for the fourth quarter was $36.2 million, or 4.4% of total revenue which was within the company’s expectations. The company noted that operating income unfavorability to the prior year as a percent of total revenue […]

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The UK cluster bomb of tax cuts is a reckless gamble

Britain’s permanent cuts in income tax are a fatal step too far. The fiscal message of slashing property tax in these financial circumstances is scarcely better. This unflagged largesse injects demand into an economy already running at full capacity, constrained by a labour shortage and supply-chain disruptions. It draws forward consumption in a nation living beyond its means, with a […]

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Eurozone Private Sector Downturn Deepens In September

The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday. The flash composite output index declined to a 20-month low of 48.2 in September from 48.9 in the previous month. The reading came in […]

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Why loan application fibs are about to get more risky

More than one-in-10 Australians admit that they have knowingly omitted to declare a liability or debt on a loan application, according to a new survey. And almost one-in-five believe it is okay to tell a “white lie” and state they have less debt than they actually have when applying for a loan or financial service. Telling lies in a loan […]

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Judge rules RI truck tolling system unconstitutional

video FOX Business Flash top headlines for September 21 Check out what’s clicking on FoxBusiness.com Rhode Island's truck tolling system that took effect in 2018 to fund repairs to the state's crumbling bridges is unconstitutional and must be ended within 48 hours, a federal judge said in a decision released Wednesday. Because the tolling system called RhodeWorks and aimed at […]

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Elon Musk says Starlink will seek exemptions to sanctions on Iran

video FOX Business Flash top headlines for September 19 Check out what’s clicking on FoxBusiness.com Elon Musk said Monday that Starlink will seek exemptions from sanctions on Iran so that the service can be provided to the country.  Starlink, which Musk said is now active on all seven continents, works by connecting thousands of satellites in low-earth orbit with user […]

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