Category: Business
-
Uber to offer free reindeer sleigh rides in Finland — world's first on-demand excursion of its kind
North American Aerospace Defense Command official Brig. Gen. Eric Delange provides insight into how kids can monitor Santa during Christmas. Your sleigh ride is here. Uber is officially launching the world’s first-ever on-demand sleigh rides in Lapland, Finland. From Dec. 12 to 18, riders in the area can call an Uber Sleigh — a winter-festive…
-
Americans have lost $4,200 in income under Biden, wiping out Trump gains: Heritage
Former OMB director Russ Vought responds to the Fed’s 75 basis point rate hike announced Wednesday, analyzes the impact of President Biden’s economic policies on the economy, and discusses potential changes should Republicans take back Congress. The average American has lost more than $4,000 in annual income since President Biden took office due to soaring…
-
Beyoncé and Jay-Z's 10-year-old daughter Blue Ivy Carter makes $80K bid for diamond earrings at art gala
Check out what’s clicking on FoxBusiness.com Blue Ivy Carter, the 10-year-old daughter of musicians Jay-Z and Beyoncé, placed an $80,000 bid at the Wearable Art Gala in Los Angeles. The child bid on a pair of Lorraine Schwartz diamond earrings Saturday, shocking auctioneers Keke Palmer, an actress, and Tina Knowles-Lawson, a businesswoman and Blue Ivy’s…
-
Southwest's brand is tarnished after its meltdown — how can the airline recover?
“Kennedy” panelists react to Southwest Airlines canceling and delaying 80% of flights during Christmas holiday. After days of widespread flight cancellations that left thousands of customers stranded across the U.S. over the holidays, Southwest Airlines says it expects operations to be back to normal on Friday. But restoring the once-beloved carrier’s good name will likely…
-
Analysis: A rail strike would do serious damage — and that's exactly the point
This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — Unless we get a breakthrough soon in deadlocked negotiations, Friday will mark the beginning of the first national rail strike in 30 years (which we wrote about in Monday’s newsletter)….
-
October inflation dips to lowest level so far in 2022 — will it slow the Fed's next rate hike?
Consumers got a slight reprieve from rising prices in October, according to the latest inflation report from the Bureau of Labor Statistics. The annual level of inflation continued to improve in October, registering the smallest monthly increase since the beginning of 2022, according to the latest report from the Bureau of Labor Statistics (BLS). The Consumer Price…
-
Many Americans concerned about inflation’s impact on insurance coverage — here’s how to avoid underinsurance
60% of home/auto policyowners are worried about having enough insurance, a recent survey said. (iStock) A significant amount of U.S. consumers are concerned about the impact that inflation and rising costs could have on their homeowners and auto insurance coverage, a recent survey said. Sixty percent of home and/or auto policyowners said they are worried…
-
Beyoncé’s clothing line with Adidas suffers from weak sales
Red Banyan founder and CEO Evan Nierman and Ericho Communications CEO Eric Yaverbaum debate how Adidas managed the Ye controversy on ‘The Claman Countdown.’ Beyoncé fans are clamoring for tickets to her world tour, but the music superstar is having a harder time finding buyers for her line of inclusive streetwear. Beyoncé’s fashion partnership with…
-
Education Department updates PSLF program – here’s what changed
Temporary changes to the Public Service Loan Forgiveness (PSLF) program have helped more than 236,000 borrowers who work in public service secure more than $14 billion in debt relief, according to the Department of Education. (iStock) The Department of Education announced Tuesday that some of the temporary changes it previously made to the Public Service…
-
Utah small business owner won't fire his workers — he's retraining them instead
Fat Daddy’s Pizzeria owner Chad Pritchard shares how he is investing in his employees to prevent layoffs and firings amid a labor shortage. A small business owner in Provo, Utah, is hanging onto all of his employees in tough economic times — and rather than letting people go during today’s inflation and labor shortage, he’s…
-
How Bed Bath & Beyond sidestepped bankruptcy… for now
JPMorgan managing director Phil Camporeale, Prosper Trading Academy CEO Scott Bauer, and Raymond James CEO Paul Reilly discuss if now is the time for investors to jump into the market on ‘The Claman Countdown.’ Bed Bath & Beyond continues to evade bankruptcy, after implementing a series of financial moves, including raising $1 billion through preferred…
-
Pizza Hut is finally selling slices — with a twist
New York CNN Business — Pizza Hut is getting more personal beyond its personal pan pizzas. For customers who find ordering a whole pie daunting, the chain is offering its version of individual slices with a new menu item called Pizza Hut Melts. For $6.99 per slice, the new option is actually two slices of…
-
Let's stop punishing employers who want to help employees with free gas, meals or child care
Jeff Flock heads to Wildwood, N.J. to ask young people their motives for stepping into the job market. Employers are struggling to fill over 11 million open jobs. Employees are struggling to pay for child care, gas, and even food. And then, there is the struggle of paying off those student loans for many Americans. I…
-

Queen Elizabeth's death to cost UK economy $2.6B, but tourism could provide boost
Britons queue for hours to bid farewell to Queen Elizabeth II as she lies in state As the United Kingdom mourns Her Majesty Queen Elizabeth II’s passing, time spent off work and canceled events will take a toll on an economy already struggling with an energy crisis. However, an influx of tourists from abroad and…
-
Latest GDP reading confirms the US economy shrank for two straight quarters
Minneapolis CNN Business — The US economy shrank by 0.6% during the second quarter of the year, according to the latest gross domestic product estimate from the Bureau of Economic Analysis released Thursday. That matches the most recent GDP estimate and shows the economy was in contraction for the entire first half of the year…
-
Many Americans believe inflation, the economy won’t improve in 2023: poll — Here's how to manage your finances
Nearly half of Americans believe the inflation rate will be higher in 2023, according to a poll. (iStock) While inflation remains high and interest rates are rising, many Americans fear the economy and their finances won’t improve in 2023, according to a recent poll. Nearly half, or 43%, of Americans said they expect a higher…
-
FC Barcelona to wear Drake's logo on jerseys in El Clásico
Check out what’s clicking on FoxBusiness.com FC Barcelona announced Friday that it would wear the logo of Canadian artist Drake on its jerseys in the upcoming league match against fellow Spanish giants Real Madrid. The limited-edition shirt will celebrate Drake being the first artist to have his tracks streamed 50 billion times on Spotify, Barcelona’s…
-
Your tax bill could be much lower this year – here's why
<!–> Stock Trader’s Almanac editor-in-chief Jeffrey Hirsch explains why February is historically a bad month for equities and identifies some big investing opportunities on ‘Making Money.’ High inflation has ravaged millions of American families as the prices for everything from food to rent to health insurance surged over the past three years. But there is…
-
High mortgage rates limit relocation options, Redfin says – Here's where homebuyers are still moving to
Buyers who are still in the market for a home are prioritizing living in relatively affordable cities, a recent Redfin report said. (iStock) The search for affordable housing remains a top motivator for homebuyers who are looking to relocate to a new city, according to Redfin’s third quarter migration report. In the third quarter of 2022,…
-
Jeff Bezos' girlfriend Lauren Sánchez says Southwest rejected her as a flight attendant because of her weight
Fox Business contributor Charlie Hurt reacts to the billionaires taking on the president over inflation on ‘Fox Business Tonight.’ Jeff Bezos’ girlfriend Lauren Sánchez revealed that she was once rejected for a job as a flight attendant because of her weight. The 53-year-old journalist and helicopter pilot recalled that she aspired to become a flight…