video Could the Fed have a ‘nasty surprise’ in store for markets? Wells Fargo Investment Institute global market strategy head Paul Christopher and Muhlenkamp & Company portfolio manager Jeff Muhlenkamp forecast the next move for markets ahead of the Fed’s September rate announcement on ‘The Claman Countdown.’ Investors are turning increasingly bearish on the state of the U.S. stock market […]

video American asphalt company allegedly owed $40M for a paving project in Vietnam FOX Business correspondent Grady Trimble reports on the Kansas asphalt company, Hall Brothers Inc., that is reportedly owed $40 million for a paving job they completed in Vietnam on ‘Varney & Co.’ A Kansas construction company claims it is owed millions of dollars by a government-owned company […]

video FOX Business Flash top headlines for September 20 Check out what’s clicking on FoxBusiness.com JBS has agreed to pay $20 million to settle a lawsuit with consumers that accused the giant meat producer of conspiring with other meat companies to inflate the price of pork. The latest meat-industry settlement will likely reinforce concerns that the White House, members of […]

A black puffer jacket, often emblazoned with the Kathmandu brand, has long been a wardrobe staple for Australians battling a chilly winter. But, despite their ubiquity, the company behind the iconic parka has had its fair share of troubles. Founded in 1987 by reclusive New Zealand businesswoman Jan Cameron, Kathmandu (known officially as KMD Brands) has staked itself as one […]

Homebuilder confidence in the U.S. declined for the ninth consecutive month in September, according to a report released by the National Association of Home Builders on Monday. The report showed the NAHB/Wells Fargo Housing Market Index slid to 46 in September from 49 in August. Economists had expected the index to edge down to 48. With the bigger than expected […]

The two primary government measures of inflation both signaled that prices continue to rise sharply. The Consumer Price Index posted an 8.3% increase year over previous year in August. It rose .1% compared to July. The figures would have been worse if gas prices had not plunged. The other yardstick is the Producer Price Index, released by the BLS. Year […]

Inflation in the Eurozone peaked again at 9.1% in August, the highest since 1999. Higher consumer prices were fueled by rampant energy and food costs, according to Eurostat. The high inflation reading puts ECB in a position to consider raising key interest rates again to bring the inflation rate back to its target of 2%. Expensive Energy Costs Drive Eurozone […]

video Rail strike will create ‘major disruptions’ to freight, passenger travel: Former US transportation secretary Former U.S. Secretary of Transportation Elaine Chao wishes current Sec. Pete Buttigieg ‘good luck’ in finding a solution to the looming railroad labor strike. The Biden administration is making efforts to prevent a rail strike that could start as soon as Friday and have severe […]

Did you know that more than 6.6 million Australians, or about one-third of our adult population, own shares or other listed investments? This is a huge increase from just a few decades ago, helped along by new tech and, partially, the COVID-19 pandemic, which resulted in a number of cashed-up individuals stuck at home with nothing better to do. But […]

Ricardo Plc. (RCDO.L), an environmental, engineering and strategic consulting company, reported Wednesday that its fiscal 2022 profit before tax surged to 13.2 million pounds from last year’s 3.9 million pounds. Basic earnings per share were 13.8 pence, up from 2.9 pence a year ago. Profit before tax was continuing operations was 12.4 million pounds or 13.2 pence per basic share. […]