Inflation

close Video Fox News Flash top headlines for July 6 Fox News Flash top headlines are here. Check out what's clicking on Foxnews.com. NEW You can now listen to Fox News articles! Louisiana Democratic Senate candidate Gary Chambers, Jr. criticized President Joe Biden and the Democratic Party for not living up to past promises. Chambers noted the high gasoline and food prices hitting consumers nationwide during a June 28 interview on the radio show The Breakfast Club. He added that Biden has taken away rights and is building an "unjust" government. "What do we have to celebrate about America today?" Chambers said. "Gas prices high as hell — bread, milk, your energy bill. You're taking away people's rights, you're building an unjust government and then telling us to be excited about it. I'm not with it." SOME DEMOCRATS OPENLY OPPOSING A BIDEN RE-ELECTION BID, COURTESY OF THE NY TIMES Gasoline prices hit an all-time high in … [Read more...] about Dem Senate candidate hammers Biden for inflation, track record: ‘No different than the devil that we fight’

(CNN) — Buy Now, Pay Later installment plans have become popular among consumers seeking to spread out the cost of big-ticket purchases. But now, rising prices have some cash-strapped shoppers reaching for these alternative payment methods for everyday purchases, such as their daily coffee, gas station fill-up or grocery run, as well. That’s a concern for economists and consumer advocates, who say the surge in the use of these services, coupled with a lack of transparency and little regulatory oversight, leaves them wondering just how much debt Americans are actually getting into. READ MORE: Large Fire Damages Moore's Riverboat Restaurant In Isleton While other household debt, such as credit card spending and auto loans, is gathered and tracked by the Federal Reserve, Buy Now, Pay Later (BNPL) data is not included because the financing is typically provided by non-bank sources and not yet reported in a comprehensive manner to credit bureaus. That means there’s no publicly … [Read more...] about Buy Now, Pay Later Services May Be Getting Some Americans Deep Into Debt

One of the many remarks apocryphally attributed John Maynard Keynes has the British economist saying, “When the facts change, I change my mind. What do you do, sir?” To the best anyone has been able to determine, Keynes never spoke those words. They appear to have their origin in a 1970 appearance by American economist Paul Samuelson on the television show Meet the Press in which the topic of inflation was discussed. Paul Samuelson, the first American to receive the Nobel Memorial Prize in Economics. (Rick Friedman/Corbis via Getty Images) Samuelson was the author of what might be the best-selling economics textbook of all times, Economics: An Introductory Analysis . Samuelson’s book appeared in numerous editions in the years that followed its original publication in 1947 until its final version in 2009, the year its author shuffled off his mortal coil. Over the years, Samuelson’s estimate for the level of inflation that was healthy for the U.S. economy shrank from five … [Read more...] about Breitbart Business Digest: When the Facts Change, Will the Fed?

JERUSALEM (AP) — A key witness in the corruption trial of former Prime Minister Benjamin Netanyahu has testified that her billionaire boss ordered her to deliver gifts of champagne, cigars, and expensive jewelry to the then-Israeli premier in a scandal at the center of the country's political crisis. The expensive gifts lavished upon the former Israeli leader by wealthy friends are the subject of one of the three corruption cases against Netanyahu. He stands accused of fraud, breach of trust and accepting bribes, charges he has denied and dismissed as part of an attempt to oust him from office. The Netanyahus “love gifts, and they love pink champagne and cigars for Bibi,” Hadas Klein, the longtime assistant of one of the former premier's friends, testified Tuesday, using the prime minister’s nickname. The ongoing trial — already in its second year — is addressing allegations that while in office, Netanyahu accepted gifts worth hundreds of thousands of dollars from Hollywood film … [Read more...] about Key witness: Netanyahu received gifts from billionaires

Charles K. Whitehead is the Myron C. Taylor Alumni Professor of Business Law at Cornell University and the founding director of the Law, Technology & Entrepreneurship program at Cornell Tech. The opinions expressed in this commentary are his own. In the startup world, pushing regulatory limits to promote a new business is often seen as "entrepreneurial" or "disruptive." But breaking securities laws, as Elon Musk has allegedly done, is something different. It's well known that Musk has a strained history with the Securities and Exchange Commission. In 2018, the SEC alleged that Musk made "false and misleading" claims about taking Tesla private. Among other things, Musk agreed in a settlement with the SEC to pay a $20 million fine and step down as Tesla's chairman for three years. But the settlement does not seem to have deterred Musk from flouting the rules again. Earlier this year, Musk waited 21 days to publicly disclose he had acquired … [Read more...] about Opinion: The SEC alone can’t police billionaire CEOs like Elon Musk

WASHINGTON (AP) — U.S. employers advertised fewer jobs in May amid signs that the economy is weakening, though the overall demand for workers remained strong. Employers posted 11.3 million job openings at the end of May, the Labor Department said Wednesday, down from nearly 11.7 million in April. Job openings reached 11.9 million in March, the highest level on records dating back more than 20 years. There are nearly two job openings for every unemployed person, a sharp reversal from the historic pattern: Before the pandemic, there were always more unemployed people than available jobs. The figures reflect the unusual nature of the post-pandemic economy: Inflation is hammering household budgets, forcing consumers to pull back on spending, and growth is weakening, heightening fears the economy could fall into recession. Yet companies are still scrambling to add workers. Demand has been particularly strong in travel- and entertainment-related services. “This is not what a recession … [Read more...] about US job openings slip, but employment landscape remains solid