Business news

• TC Energy's $15B Keystone XL legal claim against U.S. government thrown out

  16-07-2024 19:05 via cbc.ca
  
  The nearly two-decade-long oil pipeline saga surrounding the failed Keystone XL pipeline is nearing an end as Calgary-based TC Energy has lost its bid to recoup $15 billion from the U.S. government.
  
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• Inflation dipped to 2.7% in June as gas price growth slowed

  16-07-2024 15:31 via cbc.ca
  
  Prices in Canada rose 2.7 per cent on average compared to last year, according to the latest Consumer Price Index data from Statistics Canada. These are the last inflation numbers to be released before the Bank of Canada decides whether to change its key interest rate on July 24.
  
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• Evictions are rising fastest in these 5 American cities

  16-07-2024 12:19 via foxbusiness.com
  
  Home evictions are on the rise in several major cities nationwide as Americans continue to grapple with the ongoing cost-of-living crisis. Eviction filings over the past year are up more than 15% compared with the period before the COVID-19 pandemic began in 10 cities across the country, according to the Eviction Lab, a research unit at Princeton University. The Eviction Lab tracks 10 states and 34 cities.However, the problem is noticeably worse in five cities, where the eviction rate is at
  
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• Financial pressures are impacting back to school supplies shopping

  16-07-2024 12:09 via foxbusiness.com
  
  Families – already grappling with tight budgets – are navigating back to school shopping in a whole new way. With the cost of school supplies increasing, up 24.5% over the past four years according to the labor department, parents are already weighing the cost of certain necessities and their priorities in preparation for the new year, according to Deloitte's 2024 back to school survey.Parents are projected to spend $31.3 billion collectively on back-to-school shopping, accordin
  
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• Trump VP pick JD Vance: What are his views on taxes, deficits, entitlements?

  16-07-2024 12:00 via foxbusiness.com
  
  Former President Trump's selection of Sen. JD Vance, R-Ohio, as his running mate and vice presidential nominee, has brought Vance's policy views into the spotlight, given his relatively recent entry into electoral politics.Vance has served in the U.S. Senate for about a year and a half, having defeated Democrat Rep. Tim Ryan in 2022 and being sworn in as Ohio's junior senator in January 2023. Vance's platform in the Senate race mirrored many of those touted by Trump during his administration, ev
  
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• Trump, JD Vance and stock market momentum: Here’s why

  16-07-2024 12:00 via foxbusiness.com
  
  Former President Trump officially won the GOP nomination with his vice presidential pick, Sen. JD Vance, in tow. The Republican senator from Ohio, a former Marine, private equity alum and author of a bestseller-turned-Netflix special, received the nod on Monday, two days after the former president narrowly escaped an assassination attempt during a rally in Pennsylvania. "Prior to this horrific event, the markets were already sniffing out, subsequent to the debate, a Trump victory. Now,
  
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• These are the top 5 states for business in 2024

  16-07-2024 12:00 via foxbusiness.com
  
  A new winner has been crowned as the best state in America for business, but it is no stranger to the top spot.The annual rankings conducted by CNBC scored all 50 states on a range of 10 categories, including infrastructure, workforce and economy, and determined these are the five best states for business in the U.S.The Commonwealth of Virginia reclaimed its throne in 2024, clinching the title of No. 1 for a record sixth time since the outlet launched the rankings in 2007.The Old Dominion's stan
  
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• One in three working Americans living paycheck to paycheck, survey shows

  16-07-2024 12:00 via foxbusiness.com
  
  The latest figures paint a sobering portrait of the financial health of the American workforce: one out of every three individuals is just one paycheck away from falling behind.New data released Monday by financial services company Bankrate indicates that 34% of Americans feel they are living the paycheck to paycheck lifestyle, with the number estimated to be even higher when factoring in "all U.S. adults, considering that 6 in 10 Americans (60.1 percent) are in the labor force," according to La
  
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• Former MLB all-star steps up to the plate for fellow athletes to avoid 'horror stories' of going broke

  16-07-2024 12:00 via foxbusiness.com
  
  For many professional athletes, retirement can be a stressful road to navigate. According to one former MLB all-star, the league is doing little to help players manage their sudden wealth.Former MLB player Matt Joyce learned this lesson the hard way, revealing to Fox News Digital that he lost about $1 million through multiple disastrous business ventures – an "extremely painful" mistake he vowed to never make again.FORMER NFL STAR REFLECTS ON PAST FINANCIAL MISTAKES, ISSUES WARNING TO CURR
  
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• Elon Musk to donate $45M a month to pro-Trump super PAC following endorsement of former president: report

  16-07-2024 10:37 via foxbusiness.com
  
  Billionaire Elon Musk, coming off his endorsement of Trump after the Republican candidate survived an assassination attempt on Saturday, plans to donate about $45 million per month to a super PAC backing the former president, according to a report.Formed last month in support of Trump with financial help from some of Musk's friends, America PAC includes Palantir Technologies co-founder Joe Lonsdale, Cameron and Tyler Winklevoss, and former U.S. ambassador to Canada Kelly Craft and her husband, J
  
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• Hot career trend ‘hushed hybrid' has managers choosing the employees who have flex work arrangements

  16-07-2024 10:00 via foxbusiness.com
  
  With thousands of American businesses mandating back-to-office protocols, some rogue managers are apparently stretching their authority and going against company policy. These rebellious managers are allowing staff to split their time between working from home and reporting to their workplace — even though their companies are now requiring in-person work. This latest career trend, dubbed "hushed hybrid," is another viral job situation that’s causing dissension in the workfo
  
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• National Debt Tracker: American taxpayers (you) are now on the hook for $34,889,213,426,967.08 as of 7/15/24

  16-07-2024 02:23 via foxbusiness.com
  
  The U.S. national debt is climbing at a rapid pace and has shown no signs of slowing down, despite the growing criticism of massive levels of government spending.The national debt — which measures what the U.S. owes its creditors — rose to $34,889,213,426,967.08 as of Monday afternoon, according to the latest numbers published by the Treasury Department. That is up about $273 million from the figure reported the previous day.By comparison, just four decades ago, the national debt hov
  
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• Internal Disney communications leaked online after hack

  16-07-2024 01:13 via foxbusiness.com
  
  Data from Disney's internal Slack workplace collaboration system have been leaked online, including discussions about ad campaigns, studio technology and interview candidates, according to files viewed by The Wall Street Journal. An anonymous hacking group that calls itself Nullbulge said in a blog post that it published data from thousands of Slack channels at the entertainment company, including computer code and details about unreleased projects. Slack is widely used within large compani
  
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• Donald Trump and J.D. Vance create a pro-crypto presidential ticket

  16-07-2024 01:08 via foxbusiness.com
  
  Call them the crypto candidates.Presumptive GOP nominee Donald Trump announced Monday via his Truth Social media platform that he chose Ohio Senator and former tech venture capitalist J.D. Vance as his vice presidential running mate.Trump, who has made championing digital asset innovation a key part of his campaign platform, praised Vance for his "very successful business career in Technology and Finance" and fighting for American workers.ELON MUSK HAILS TRUMP'S VP PICK, JD VANCEVance, however,
  
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• LARRY KUDLOW: Trump is a man of exceptional strength, leadership and vision

  16-07-2024 00:06 via foxbusiness.com
  
  Saved by the grace of God and that's the subject of the riff. "I was saved by the grace of God." That’s what former President Donald Trump said, as he recovered from an assassin’s bullet, that providentially just grazed his ear. Mr. Trump added: "It was God alone that prevented the unthinkable from happening." For those of us who worked for Donald Trump and have come to know him as a personal friend, you can imagine what a shocking event this was. Frankly, I am still in som
  
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