Business news

• Growing US debt burden spooks some bond investors as election looms

  26-05-2024 23:16 via foxbusiness.com
  
  Bond investors are on edge about federal budget deficits that are expected to persist into the foreseeable future regardless of the outcome of this year's presidential election.Although President Joe Biden and his main challenger, former President Donald Trump, have each touted deficit reduction efforts in their respective administrations, budget forecasts from the nonpartisan Congressional Budget Office (CBO) project the deficit rising from about $1.6 trillion in 2024 to $2.6 trillion a decade
  
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• Trump's fellow billionaires boost his presidential bid

  26-05-2024 23:11 via foxbusiness.com
  
  Former President Trump's 2024 presidential campaign is getting a financial boost from a group of billionaires as he looks to close the fundraising gap with Democrat rival President Biden.Billionaire Stephen Schwarzman, the CEO and co-founder of Blackstone, announced on Friday that he will back the former president in the 2024 race after he previously called for the Republican Party to turn to a "new generation of leaders."Schwarzman, who is worth an estimated $39 billion, said he shares many Ame
  
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• Tesla shareholders urged to nix Elon Musk's $56B pay package

  26-05-2024 21:23 via foxbusiness.com
  
  Tesla shareholdersset to vote this week on reinstating CEO Elon Musk's $56 billion pay package, which was voided earlier this year by a Delaware judge, are being urged by a proxy advisory firm to nix it.Glass Lewis said Saturday it urged Tesla shareholders to reject the staggering package, citing its "excessive size," the impact of Musk exercising the stock options and the concentration of the company's ownership.It also cited Musk's "slate of extraordinarily time-consuming projects" which have
  
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• British family says SunExpress airline kicked them off flight to Turkey over daughter's peanut allergy

  26-05-2024 20:39 via foxbusiness.com
  
  A 12-year-old girl and her family from Britain were kicked off a SunExpress flight from London’s Gatwick Airport to Turkey over her peanut allergy, according to the girl’s father.Nick Sollom, 48, told The Telegraph that the airline booted him, his wife and their two children from the flight after raising concerns over his daughter’s peanut allergy and requesting that the pilot make an announcement asking passengers to refrain from eating peanuts during the flight."They jus
  
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• Travelers delayed over 2.1M hours at airports last year: FAA says 'safety' and 'efficiency' is top priority

  26-05-2024 16:55 via foxbusiness.com
  
  Americans are unsurprisingly fed up with constant flight delays and cancellations across the U.S., and it is only to be expected. From 2023-2024, passengers lost over 2.1 million hours of time due to travel issues.Data for 2 million flights from the Bureau of Transportation was probed, and a newly released Places to Travel report concluded that from Jan. 2023 to Feb. 2024, passengers lost 2,100,140 hours and 43 minutes of travel time as a result of delays.A small regional airport in Utah, Provo
  
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• Is co-owning a home better for your wallet? Real estate experts weigh in

  26-05-2024 15:05 via foxbusiness.com
  
  Purchasing a slice of a home with your friends or family may not be as easy as it sounds.While the concept of group homeownership isn’t new (think: timeshares), more and more younger generations are reportedly open to the idea of buying one-fourth or even one-eighth of a property amid a volatile and pricey real estate market."It's just a natural solution to a growing problem that we face here in America, and that many cities face around the world," co-founder and CEO of Pacaso – a pr
  
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• How to start a candle business in 2024: 5 easy steps to selling candles from the comfort of your home

  26-05-2024 14:24 via foxbusiness.com
  
  Americans are rapidly working on side hustles as an additional source of income.Fifty-four percent of Americans have begun a side hustle in the last twelve months, according to MarketWatch, as a means of making more money in addition to a primary source of income. All you really need to start a side hustle is an idea and an understanding of how to execute that idea. Taking a creative approach to your entrepreneurship can include a hobby-like business, and one of the more popular ones today
  
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• Why does Drake have so many companies?

  26-05-2024 10:00 via cbc.ca
  
  Amid the feud between Drake and rival Kendrick Lamar online sleuths uncovered details about the former's businesses and other holdings that started a buzz on social media. CBC News looks into Drake's business and property holdings and why he has so many.
  
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• Stressed at work? Anxious about the wider world? You might be part of 'The Great Exhaustion'

  26-05-2024 10:00 via cbc.ca
  
  The Great Exhaustion is a new term coined by analysts and economists to describe a pervasive form of burnout that starts with stress directly related to work and piles on anxieties about the state of the world in general.
  
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• Walmart promotes Pride merchandise as Target scales back following backlash

  26-05-2024 04:48 via foxbusiness.com
  
  Walmart promoted its new Pride apparel on social media ahead of Pride month on Saturday, writing on Instagram, "Not just a slogan. #PrideAlways is a reminder to lead with love.​"The company’s promotion comes just weeks after Target said its Pride collection would only be available in "select stores" following a major backlash by conservatives last year. Target has had June Pride Month displays with rainbow and LGBTQ+ messaging for years, but the addition of products such as
  
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• Burger King to release $5 value meal to compete with McDonald's

  26-05-2024 01:08 via foxbusiness.com
  
  Fast-food chain Burger King will be debuting a new value meal ahead of schedule as competitor chains launch meal deals of their own. "We are bringing back our $5 ‘Your Way Meal’ as agreed upon with our franchisees back in April," a spokesperson for Burger King said on Thursday, May 23.The news was first reported by Bloomberg News. NEARLY 80% OF AMERICANS NOW CONSIDER FAST FOOD A ‘LUXURY’ DUE TO HIGH PRICESThe meal will consist of a choice of three sandwiches alo
  
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