Senate Democrats Approve Social Spending, Taxes, Denigrated Home Work & More: 5 Things to Know About Monday

Senate Democrats Approve Social Spending, Taxes, Denigrated Home Work & More: 5 Things to Know About Monday

Find out what FoxBusiness.com is clicking. Here are five key things that it could have an impact on trading on Monday. BIG VICTORY FOR DEMS: On Sunday the Senate passed the Democratic Social Spending and Taxation Bill after a more than 15-hour “vote-a-rama” marathon, scoring a major victory for the Democratic agenda just over three … Read more

Our Baffling Economy – The American Perspective

Our Baffling Economy – The American Perspective

Robust employment growth of 528,000 in July, reported on Friday, surprised forecasters and confirmed that we are not in a recession yet. But the Fed seems determined to push us into one. Despite the victories made by Larry Summers, Jason Furman and others blaming inflation for the relief spending stimulus of 2020 and 2021, most … Read more

Liz Truss, formerly at the helm of the UK, has an unorthodox business plan

Liz Truss, formerly at the helm of the UK, has an unorthodox business plan

But Truss, in a debate that same day hosted by Sky News, struck an optimistic note, saying that a recession “was not inevitable”. “We can change the outcome and we can make the economy more likely to grow,” he said. What is its remedy? A series of cuts in personal and corporate income taxes of … Read more

Oil companies are making record profits amid global crises

Oil companies are making record profits amid global crises

Comment on this storyComment You’re reading an excerpt from today’s WorldView newsletter. Sign up to get the rest for freeincluding news from around the world and interesting ideas and opinions to know, delivered to your inbox every day of the week. For months, rising inflation has agitated poor and rich nations alike. The cost increase, … Read more

The Climate and Healthcare Act is passed as part of the Inflation Reduction Act

The Climate and Healthcare Act is passed as part of the Inflation Reduction Act

WASHINGTON – Senate Democrats passed sweeping health care, climate and tax legislation along a party line vote Sunday, scoring a major win for President Joe Biden and his agenda ahead of the midterm election. The Senate passed the inflation reduction bill, which includes record spending on clean energy initiatives, measures to reduce prescription drug prices, … Read more

Unexpected taxes in the tech sector support the Irish economy against the recession

Unexpected taxes in the tech sector support the Irish economy against the recession

For much of the EU, the economic outlook is bleak, with fears of a rising recession and limited public finances. Then there is Ireland. The republic is enjoying an unexpected € 8 billion corporate tax gain after the pandemic’s exceptional revenue from tech and pharmaceutical companies. The tax levy on companies attracted to the corporate … Read more

Attack on Ukrainian nuclear power plant ‘suicidal’, says UN chief urging access to site | Ukraine

Attack on Ukrainian nuclear power plant ‘suicidal’, says UN chief urging access to site |  Ukraine

UN Secretary-General António Guterres has called for international inspectors to have access to the Zaporizhzhia nuclear power plant after Ukraine and Russia exchanged allegations about the bombing of Europe’s largest nuclear power plant over the weekend. “Any attack on a nuclear power plant is a suicidal thing,” Guterres said at a press conference in Japan … Read more

The story behind the government’s July employment report

The story behind the government’s July employment report

On August 5, President Joe Biden celebrated July’s better-than-expected employment report, calling it “the result of my economic plan to build the economy from the bottom up.” Although the White House initially predicted a lower figure, the Biden administration and other Democrats in Washington celebrated the numbers. The main figure of 528,000 new jobs last … Read more