Economy

Rivian shares rise, inflation check and more: Friday’s 5 things to know

Stock market experts Victoria Greene and Scott Martin provide insight on the bear market rally and the state of the US economy on ‘Making Money.’ Here are the key events taking place on Friday that could impact trading. We’ll wrap up a busy week of economic data with a look at import prices and the …

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Yellen instructs IRS not to increase audits on middle class with new funding

Fox News contributor Jonas Max Ferris weighed in on the impact 87,000 IRS agents will likely have on middle-income American families on ‘Kennedy.’ Treasury Secretary Janet Yellen instructed the IRS on Wednesday not to use any new funding from the Democrats’ $740 billion social spending and taxation bill to increase audits on the middle class. …

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Crying CEO selfie goes viral on LinkedIn, sparks debate on messaging

A CEO’s post about his own feelings from a recent round of layoffs, which featured a selfie of him with tear-stained eyes, has gone viral on LinkedIn.. Why it matters: There’s been a growing number of CEOs posting about company layoffs on the professional networking platform, according to LinkedIn. “They’re being more transparent than ever …

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Look at these stocks to lead a comeback rally if inflation has peaked

Stocks soared Wednesday after a better-than-expected slowdown in the pace of rising consumer prices. The consumer price index, which measures the price of a basket of goods and services, rose 8.5% in July from a year ago, as compared with estimates of an 8.7% increase. Investors cheered the news, which led many to wonder if …

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Macro Guru Raoul Pal Sets Price Target for Ethereum (ETH), Predicts Slowdown of Inflation

Real Vision chief executive Raoul Pal is laying out a potential roadmap for leading smart contract platform Ethereum (ETH). Pal tells his Twitter followers that most traders are holding at a low volume because they’re looking for a cheaper entry zone. “I still think the path of pain is higher as most participants are still …

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CO2 shortage threatens beer business in another example of the ‘United Shortages of America’

Owner of Urban South Brewery Jacob Landry joined ‘Fox & Friends First’ to discuss how the shortage is impacting price and the ability to produce product. Meet today’s new USA — the United Shortages of America. There’s a teacher shortage. An egg shortage. A school bus driver shortage. A medical dye shortage. A chip shortage. …

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