FOX Business1 hour agoDow hits 42,000 for first time in Fed fueled runFOX Business - Suzanne O'HalloranIt’s a September to remember courtesy of the Federal Reserve, which delivered a super-sized rate cut for investors on Wednesday. The Dow Jones Industrial Average jumped over 500 points, closing above 42,000 for the first time. It took just 45 days since the last 1,000-point milestone, as tracked by …
FOX Business1 hour agoFed's Powell says immigration surge boosted unemployment rateFOX Business - Eric RevellFederal Reserve Chair Jerome Powell said Wednesday that immigration is helping push the unemployment rate higher as they enter the labor force and look for jobs. Powell was asked about whether the level of job creation in the economy, which has been a little more than 100,000 on average for the last …
FOX Business1 hour agoUber to provide delivery for Olive Garden in new partnershipFOX Business - Aislinn MurphyDarden Restaurants will start delivering Olive Garden food via Uber later this year. The corporate parent of the Italian chain and other restaurant brands said Thursday that it will do that as part of an "exclusive multi-year" delivery partnership it now has with Uber. The deal "will enable …
FOX Business2 hours agoFed's Powell: policymakers noted 'artificially high' jobs data, revisions in rate cut decisionFOX Business - Eric RevellFederal Reserve Chair Jerome Powell said Wednesday that the central bank considered reports that recent jobs numbers may be "artificially high" and are set for downward revisions when policymakers assessed the health of the labor market ahead of their decision to lower interest rates by 50 basis …
FOX Business3 hours agoTrump vows to reverse SALT deduction cap he signed in 2017FOX Business - Breck DumasFormer President Trump suggested this week that if he returns to the White House he will do away with the $10,000 cap on deducting state and local taxes (SALT), which was implemented as part of his signature 2017 tax reforms. In a pitch to New York voters ahead of his Long Island rally on Wednesday, …
FOX Business3 hours agoViral Trader Joe's tote bags reselling for as much as $500 are back in stock at storesFOX Business - Pilar AriasTrader Joe's brought back the mini, viral version of one of its popular tote bags. The small bags are going for hundreds on the secondary market, but they were spotted in a Rockville, Maryland, store Wednesday for $2.99 each, according to TikTok user Nina Daniels. "There's actually someone monitoring …