Business news

• Who will win debate between Trump and Harris? Betting markets show a clear favorite

  10-09-2024 22:35 via foxbusiness.com
  
  The stakes will be high in the first presidential debate between former President Trump and Vice President Harris on Tuesday night, and multiple betting markets have already picked a clear favorite who they believe will be crowned the victor.As of Tuesday afternoon, traders on Polymarket gave Harris a 75% chance of winning the debate, according to the polls, compared to Trump's odds of 25%. BetUS also favored the Democrat over the Republican ahead of the candidates taking the debate stage, with
  
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• Small business confidence dipped in August amid rising election uncertainty

  10-09-2024 21:36 via foxbusiness.com
  
  Small business confidence fell in August and reversed the prior month's gains amid growing uncertainty ahead of the Nov. 5 presidential election and expectations that sales will be sluggish.The National Federation of Independent Business (NFIB) said Tuesday that its Small Business Optimism Index dropped 2.5 points to 91.2 last month. That comes after it had surged in July to the highest reading since February 2022, though the August decline erased all of July's gain."The mood on Main Street wors
  
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• Nearly 1M Medicare beneficiaries potentially affected after data breach

  10-09-2024 21:23 via foxbusiness.com
  
  Nearly 1 million Medicare beneficiaries are being warned that their personal information may have been compromised in a cybersecurity incident last year.The Centers for Medicare & Medicaid Services (CMS) and Wisconsin Physicians Service Insurance Corporation (WPS), the contractor that utilized the affected MOVEit software, said last week that 946,801 people on Medicare were notified that they may have had "protected health information or other personally identifiable information" compromised
  
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• TC Energy says sale of minority stake in pipeline to Indigenous groups is delayed

  10-09-2024 21:17 via cbc.ca
  
  The $1-billion deal, billed as the country's largest Indigenous equity ownership agreement, has hit a snag.
  
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• Year-over-year rent prices fell in some big cities in August — and smaller markets got more expensive

  10-09-2024 19:58 via cbc.ca
  
  A new report says August rental rates fell in some of Canada's largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.
  
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• Rent prices fell in some big cities in August — and smaller markets got more expensive

  10-09-2024 19:58 via cbc.ca
  
  A new report says August rental rates fell in some of Canada's largest and priciest markets to continue a months-long trend, while prices rose in smaller markets.
  
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• Americans' top economic concerns ahead of the Trump vs Harris presidential debate

  10-09-2024 19:28 via foxbusiness.com
  
  The economy has emerged as the top issue for voters in the upcoming presidential election as Vice President Kamala Harris and former President Donald Trump are set to face off for the first time on the debate stage Tuesday night.A Fox News poll conducted Aug. 9-12 found that the economy was the top issue facing voters, with 38% of respondents saying it will be the most important issue in deciding their vote for president – more than the next two issues combined.Trump and Harris will look t
  
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• Starbucks CEO Brian Niccol debuts new US plan to keep you in stores longer

  10-09-2024 19:21 via foxbusiness.com
  
  Starbucks CEO Brian Niccol is focused on fixing the company's U.S. business and will begin the early steps, laying the groundwork in his first 100 days on the job, which includes making stores more comfortable for customers and improving workforce morale. "We’re making investments in technology that enhance the partner and customer experience, improve our supply chain and evolve our app and mobile ordering platform," Niccol said in a letter to Starbucks staff, otherwise known as partn
  
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• Elon Musk says America is 'going bankrupt extremely quickly'

  10-09-2024 19:04 via foxbusiness.com
  
  Billionaire Elon Musk warned Monday that the United States is on the fast track to defaulting on its debt, which continues to accelerate after topping a record $35 trillion just weeks ago.During a sit-down at the All-In Podcast's All-In Summit 2024 event, Musk was asked about his plan for a government efficiency commission, which he has agreed to lead if former President Trump wins a second term in the White House."If Trump wins – and obviously, I suspect there are people with mixed feelin
  
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• A potential Air Canada pilot strike could impact your travel. Here's what to do about it

  10-09-2024 18:32 via cbc.ca
  
  With a potential pilot strike looming, Air Canada is preparing to suspend its operations in a shutdown that could impact tens of thousands of passengers. Here's how a potential strike could impact your travel plans, and what you can do about it.
  
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• Stuart Varney: A Trump debate win may seal the presidency despite the media's Harris bias

  10-09-2024 18:10 via foxbusiness.com
  
  During his "My Take," Tuesday, "Varney & Co." host Stuart Varney addressed the media's bias towards Kamala Harris ahead of the ABC News debate against former President Trump, arguing the media will never concede that the vice president is a "poor candidate."STUART VARNEY: The media is rattled. Kamala Harris' honeymoon is over. The euphoria has faded, and her lead in the polls is disappearing. The horror. Trump may win and tonight, debate night, could seal the deal.TRUMP. HARRIS TOUT TAX
  
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• US steelworkers make plea to save 'everything we've worked for' amid looming sale to foreign company

  10-09-2024 18:08 via foxbusiness.com
  
  Fearing that their voices are being ignored on the matter, U.S. steelworkers from a key swing state have started sounding off over a looming company sale to Japan-based Nippon."I want the people who started a couple [of] weeks ago to retire 30 years from now. That's my goal. That should be everybody's goal," David Morgan, a worker against the deal, told FOX Business’ Lydia Hu. "And I'm not sure the Nippon Deal will be guaranteeing that."On the other hand, some feel Nippon’s offer and
  
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• Bank of America ups minimum hourly pay to $24

  10-09-2024 17:34 via foxbusiness.com
  
  Bank of America increased its pay for hourly workers in the U.S. to $24.The new rate, announced Tuesday by the North Carolina-based bank, represents a $1-per-hour increase for all full- and part-time hourly Bank of America workers in the U.S. Its minimum hourly wage for such roles has been $23 since October of last year."What we have found is paying a competitive wage and offering great benefits attracts the best people, and when you have the best people, you can do your best work for our c
  
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• Southwest Chair Gary Kelly to step down amid activist pressure

  10-09-2024 15:50 via foxbusiness.com
  
  Southwest Airlines Executive Chairman Gary Kelly announced on Tuesday that he will retire after the carrier's annual meeting next year.Six current directors informed the board of their plans to voluntarily step down immediately after the company's regularly scheduled board meeting in November. The board, meanwhile, reiterated its support for CEO Bob Jordan, who took the reins of the airline after Kelly stepped down from the role after 18 years in 2022.SOUTHWEST AIRLINES' BATTLE WITH ACTIVIS
  
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• Canada's cattle herd is the smallest in decades. Here's what that means for Alberta ranchers

  10-09-2024 15:43 via cbc.ca
  
  It’s the third year in a row that StatsCan has recorded a decline in cattle numbers across the country. And while it's been a tight couple of years for producers — with some facing the prospect of getting out of the industry altogether — economists say there are signs that this could be the bottom of the curve before herds start to stabilize.
  
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• Polaris Dawn launches from NASA's Kennedy Space Center on mission into Earth’s radiation belts

  10-09-2024 12:08 via foxbusiness.com
  
  SpaceX launched the Polaris Dawn mission from NASA's Kennedy Space Center Press Site on Tuesday morning, a mission into Earth's Van Allen radiation belts in which a four-person crew of civilians seeks to carry out the first commercial spacewalk.The crew aboard a Dragon capsule and Falcon 9 rocket were launched from pad 39A at 5:23 a.m., pushed back from the earlier scheduled liftoff time of 3:38 a.m. due to weather conditions.The launch was live-streamed on X, the social media platform formerly
  
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• Trump, Harris tout tax plans ahead of presidential debate

  10-09-2024 12:00 via foxbusiness.com
  
  Former President Trump and Vice President Harris have been highlighting new tax policy provisions in their economic platforms in advance of their presidential debate on Tuesday night.Harris and Trump are expected to argue their positions at Philadelphia's National Constitution Center in a debate hosted by ABC News at 9 p.m. Eastern on Tuesday in what will be their first and potentially only meeting after President Biden withdrew from the race. The debate will be simulcast on Fox News and FOX Bus
  
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• Why the affordability crisis is pushing workers to take job action

  10-09-2024 11:00 via cbc.ca
  
  There have been several high-profile labour disputes across Canada over the past year, from LCBO workers to rail employees to Air Canada pilots. CBC’s Shannon Martin explains what’s driving it — and what the future of the labour movement could look like.
  
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