Economy

KEY POINTSThe company’s downward spiral began late Wednesday, when it surprised investors with news that it needed to raise $2.25 billion to shore up its balance sheet. “This was a hysteria-induced bank run caused by VCs,” Ryan Falvey,...

Republicans in the House of Representatives will vote on a bill that would abolish the Internal Revenue Service (IRS), eliminate the national income tax, and replace it with a national consumption tax. Fox News Digital has learned that the House will be voting...

Have you ever wondered about the passage in the Bible about a government restricting the population so that you cannot buy or sell unless you have a particular mark? Well, China's move toward a cashless society is the answer. This is...

So much for the good feelings on Wall Street. US markets fell sharply Thursday, marking their worst day of the year and eviscerating all of the gains from Wednesday after the Federal Reserve's announcement of its plans to increase...

Why is the Russian oil issue affecting American gas prices? Russia exports a major fraction of its oil to Asia and Europe. But it's noteworthy that when we discuss the rising oil prices, we should look at the global oil...

United last year established the airline industry’s first and strictest Covid vaccine mandate. Workers who received an exemption on medical or religious grounds were placed on unpaid leave. More than 96% of United’s roughly 67,000 workers were vaccinated,...

BARCELONA, Spain (AP) — The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as...

ADELANTO — Taking a cue from demonstrations that paralyzed Canada’s capital city, Ottawa, for weeks, U.S. truckers on Wednesday plan to embark on a 2,500-mile (4,000-km) cross-country drive toward Washington to protest coronavirus restrictions.Organizers of the “People’s Convoy” say...

The Federal Reserve released a long-awaited review of the potential for creating a central bank digital currency Thursday, after months of delays. Ahead of making a decision, the Fed has asked the public to submit answers on 22 questions posed in the report.“The...

KEY POINTSEmployment vacancies fell to 10.4 million during the month, a drop of 659,000 from July’s upwardly revised 11.1 million, according to the Labor Department’s JOLTS report. The decline was well short of market expectations for 10.96 million...