Category: Business
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IRS says your tax refund could be smaller in 2023 – here's why
Tax Foundation President Emeritus Scott Hodge explains how the purposed expansion of the child tax credit is an inflationary policy and puts added pressure on the IRS on ‘Cavuto: Coast to Coast.’ Americans counting on a tax refund in 2023 should prepare for the likelihood of a smaller payment, according to the Internal Revenue Service. …
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Shoppers are still adjusting to inflation — but holiday spending is expected to be in "full force"
New York CNN Business — Black Friday isn’t what it used to be. But many Americans are still expected to spend on the holiday. Mastercard projects that sales will grow 15% on Black Friday compared with last year. Spending will be driven by shopping in stores, which was more muted last year due to a…
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T‑Mobile, Delta Air Lines launch free in-flight Wi‑Fi
Delta Air Lines CEO Ed Bastian discusses solutions to solving the pilot shortage and reveals if the airline will ever deploy drone passenger carriers on ‘The Claman Countdown.’ T‑Mobile and Delta Air Lines officially launched free inflight Wi-Fi for SkyMiles members. Regardless of their wireless provider, travelers will have access to fast, free Wi-Fi all…
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Hermès wins case against artist who sold NFTs of Birkin Bags
KB Advisory Group founder Kristin Bentz discusses retail stocks in the green ahead of people returning to the office and luxury retailers finding new ways to promote their brands. French luxury brand Hermès prevailed in a closely watched intellectual-property trial over an artist who created and sold nonfungible tokens depicting the company’s iconic Birkin handbag,…
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Tom Brady, Gisele Bündchen fuel divorce rumors: A look back at some of the priciest divorces in sports history
Check out what’s clicking on FoxBusiness.com Tom Brady and Gisele Bündchen divorce rumors continue to dominate headlines as reports swirl that the two have hired divorce attorneys. A representative for Brady had no comment when reached by Fox News Digital about the reports. Per Page Six, both Brady and Bündchen have hired attorneys and are figuring out…
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Some student loan forgiveness programs are set to end this year – here’s what to do if this affects you
<!–> –> <!–> –> Student loan programs are coming to an end while the botched FAFSA rollout continues. (iStock) The Biden Administration has implemented a variety of student loan programs to help borrowers deal with high debts. Many of these programs are coming to an end by the end of the year. The “on-ramp” transitionary…
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LARRY KUDLOW: Federal spending under Joe Biden is almost a quarter of our economy
FOX Business host Larry Kudlow weighs in on the state of the economy under President Biden’s leadership on ‘Kudlow.’ Let’s begin: Save America, stop the spending. House Republicans continue their quest, doing the Lord’s work, to reduce inflationary federal spending as the price to pay for an increase in the debt ceiling. $31 trillion…
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Carvana veers clear of junkyard—for now
Check out what’s clicking on FoxBusiness.com Used-car retailer Carvana resembles a once-sleek race car that has found itself in the middle of a demolition derby. The hits just keep coming. Things were already looking scary for its investors after a grim third-quarter earnings call in November. Then its stock fell 43% to $3.85 following reports…
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The economy may be in better shape than you think — for now
A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business — The housing market is rapidly losing steam. Interest rates continue to rise. The stock market remains volatile. And inflation continues to be a major problem for people trying…
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LARRY KUDLOW: The open border is dominated by the Mexican drug cartels
FOX Business host Larry Kudlow voices his concerns following the tragic kidnapping of four Americans in Mexico on ‘Kudlow.’ As everyone in America probably knows by now and perhaps the rest of the world as well, last Friday four Americans were kidnaped just over the border inside Mexico. Yesterday, they were found inside Mexico. Tragically, two…
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LARRY KUDLOW: Biden is incapable of telling the truth about the economy
FOX Business host Larry Kudlow voices his concerns about reckless government debt on ‘Kudlow.’ There he goes again or to be specific, there he goes again, again. President Joe Biden on the campaign trail, blasting off with blarney and misinformation. I’ve said it before and I’ll say it again. Mr. Biden is incapable of telling the truth about…
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Wall Street is bracing for election results — but Thursday's inflation report may be a bigger deal
New York CNN Business — Wall Street is waiting for the results of Tuesday’s midterm election like the rest of the world, but traders say this week’s inflation report may prove to be far more consequential to markets. “Obviously this midterm election — because democracy is on the ballot — is a big deal in…
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Inflation drops in December – will the Fed slow interest rate hikes in 2023?
December’s Consumer Price Index showed that inflation is indeed slowing. (iStock) The annual level of inflation improved for the sixth straight month in a row, registering yet another small decrease in the annual inflation rate, according to the latest report from the Bureau of Labor Statistics (BLS). The Consumer Price Index (CPI), a measure of…
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JonBenét Ramsey's Colorado home listed for $7 million
‘Mansion Global’ host Katrina Campins reacts to housing prices falling for the fifth straight month in November on ‘The Big Money Show.’ The Boulder, Colorado home where child beauty queen JonBenét Ramsey was found murdered is now up for sale, according to a recently-posted listing. The Zillow listing boasts 7,240 square feet of “elegant living…
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How airlines give you internet access at 35,000 feet — and why it still needs a lot of work
Delta and United each host more than 1.5 million inflight WiFi sessions a month, the airlines told CNN Business, while JetBlue said its service is used by “millions of customers” every year. Southwest declined to share specific numbers but said inflight Wifi is “popular.” Alaska Airlines, meanwhile, estimates that about 35% of its passengers on…
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Listening to Hong Kong: China surveillance like law forces real-identity registration for all cell phone use
Hong Kongers comment on the new law that comes into effect on Friday BEIJING – As of Friday, all SIM cards in the Hong Kong Special Administrative Region have to be real-name registered. Phone numbers not linked to a person’s identity will be deactivated. The new measure that was first announced in June 2021, less…
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Credit card borrowers slip back into pre-pandemic habits, TransUnion says — here’s how to pay off your debt
Consumers have slipped back into their pre-pandemic habits when it comes to paying down credit card debt, TransUnion said. (iStock) Credit card debtholders have reverted to their pre-pandemic payment patterns, and have seen their card balances increase, according to recent data from TransUnion. This is because the pandemic-related government relief programs and forbearances are becoming…
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White House releases student loan forgiveness application — what to know
The Biden administration released its application for borrowers to receive student debt forgiveness. (iStock) The Biden administration officially launched its student loan forgiveness application on Monday, which is now available through an online portal. Borrowers with federal student loan debt can fill out the simple application that includes questions such as the borrowers’ name, Social…
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Security expert reveals the TikTok setting that exposes your data – and how to turn it off
SideChannel CEO and cyber security expert Brian Haugli explains how your TikTok data is used for aggregate information in the hands of a foreign adversary. If you’re one of the more than 1 billion monthly TikTok users, one cybersecurity expert is warning that without proper settings in place, the app can collect data about your…