Business

Market Rebellion co-founder Pete Najarian joins 'Mornings with Maria' to share his bullish market predictions entering 2026 and how the upcoming selection of a new Fed chair could impact the economy. Treasury Secretary Scott Bessent said President Donald Trump has one more interview to do before naming America's next leader at the Federal Reserve. Speaking at the Minnesota Economic Club, where he also addressed a sweeping fraud scandal that has drawn national attention, Bessent said BlackRock Global Fixed Income Chief Investment Officer Rick Rieder is expected to interview with Trump soon.POWELL DECLINES TO WEIGH IN ON POTENTIAL SUCCESSORS AS TRUMP EYES NEXT FED CHAIR The next Fed chair would assume one of the most influential posts in U.S. economic policymaking, overseeing interes...

Tax thresholds have been frozen for another three years, meaning three extra years of fiscal drag pushing more and more people into paying tax for the first time. But despite the extended freeze, you can push your tax-free allowance beyond the basic £12,570 if you participate in a scheme allowed by HMRC and complete a self-assessment tax return this January.But people can take advantage of a little-known rule that will boost their Personal Allowance all the way up to £16,320, far beyond the normal £12,570 that's been frozen since 2021 and will now remain stuck in place until 2031.When bands are frozen, it means more and more people are going to be dragged into paying more tax as inflation pushes wages up and causes more workers to move into higher income tax bands, a phenomenon known as...

Former Intel CEO Pat Gelsinger joins ‘The Claman Countdown’ to react to Intel’s CES chip announcement and President Trump’s support for expanding U.S. manufacturing. Intel unveiled new chip manufacturing milestones this week, but former Intel CEO Pat Gelsinger said the United States still has a long way to go to reclaim chip production from Asia. "The metric [is] though, how many wafers are being built in America," Gelsinger said Friday on "The Claman Countdown.""That is the only thing that matters," he added. Gelsinger’s warning comes as the Trump administration has moved to strengthen U.S. chip manufacturing, taking a stake in Intel and pushing to bring advanced semiconductor production back on U.S. soil. AMD CEO SAYS AI DEMAND IS 'GOING THROUGH THE ROOF' AS COSTS CLIMB Patri...

‘Fox News @ Night’ panelists discuss calls for investigation into alleged fraud in California and the consequences of the state’s proposed billionaire tax.   Venture capitalist Chamath Palihapitiya says California’s proposed billionaire tax is accelerating an exodus of ultra-wealthy residents, a shift he argues will worsen and not solve the state’s budget deficit. Palihapitiya, who has been tracking capital flight from the Golden State, said California has so far lost an estimated $1 trillion.MAMDANI’S RISE IN NYC MIRRORS ECONOMIC FLIGHT TO THE SOUTH, STUDY SHOWS "We had $2T of billionaire wealth just a few weeks ago. Now, 50% of that wealth has left - taking their income tax revenue, sales tax revenue, real estate tax revenue and all their staffs (and their salaries and income tax...

Serhant Real Estate’s Ravi Kantha says the luxury housing market is on a positive track on ‘Maria Bartiromo’s Wall Street.’ A federal judge blocked New York City Mayor Zohran Mamdani's effort to intervene in the sale of thousands of rent-stabilized rental properties on Thursday. Mamdani's administration had sought to slow the sale of the properties after tenants complained that the seller, Pinnacle Group, had poorly maintained the properties and were concerned that the prospective buyer, Summit Properties USA, would have similar issues.Mamdani's administration attempted to intervene on the basis of being a creditor to Pinnacle. The company owes the city over $12 million in unpaid fines, according to Gothamist. Bankruptcy Judge David Jones rejected Mamdani's effort, however, setting...

Rachel Reeves has done so many about-turns, she doesn’t know which way she’s facing. Now she’s stealthily trying to trash another manifesto pledge, but this one is different. Instead of annoying voters and taxpayers, as the others have done, this one will drive the left of the Labour Party crazy with anger. Lefties will hate what Reeves is planning next, which is why she’s trying to sneak it past them and hope they won’t notice. But they will.I’m losing track of all the U-turns, but from memory there was the winter fuel payment, the National Insurance raid, welfare benefit cuts, the 2p income tax hike that never happened, the so-called “tractor tax” on farmers, and the latest reversal on business rates for pubs. Add the grooming gangs inquiry and the Waspi women, which are down to Keir ...

The Department for Work and Pensions is under pressure to abolish the state pension for retirees exceeding particular income thresholds. Campaign groups are demanding entitlement reductions for those earning above £20,000 and a full termination of state pension payments for those with retirement incomes surpassing £50,000.The petition suggests the Department for Work and Pensions could redirect these savings to help stabilise Chancellor Rachel Reeves' budget, support the NHS or defence funding and eliminate student debt, according to Birmingham Live.The petition recommends three specific reforms:End the triple lockReduce entitlements for those on existing private defined benefit schemes with an income £20,000 +End state pensions for incomes over £50kThe triple lock system has operated f...

Novo Nordisk executive vice president of U.S. operations Dave Moore discusses the drugmaker’s newly launched once-daily oral weight-loss pill on ‘The Claman Countdown.’ Wegovy’s oral version of its injectable weight-loss drug is seeing tremendous interest, Novo Nordisk executive Dave Moore told FOX Business on Friday. Wegovy’s once-daily pill, an oral spin-off of its injectable weight loss medication, was approved in December 2025 by the Food and Drug Administration as the first oral GLP-1 drug and launched on U.S. markets Monday. "There are so many patients that have been on the sidelines just waiting because they didn't really see themselves treating with an injection," Moore, Novo Nordisk's executive vice president of U.S. Operations, said on "The Claman Countdown." "Now that th...

Le vieillissement démographique touche désormais presque tous les pays, à l’exception de l’Afrique subsaharienne et de l’Asie du Sud. Mais quels sont ses effets pour la France ? La première conséquence est le freinage de la croissance. La population en âge de travailler (15-64 ans) recule à partir de 2023 et devrait diminuer de 0,1 % par an entre 2025 et 2030, ce qui réduit mécaniquement le potentiel de croissance. Il est probable que les gains de productivité diminuent aussi avec le vieillissement, en raison de la moindre agilité des personnes âgées pour les emplois manuels et les emplois à contenu technologique important. En France, la productivité du travail progressait de 0,9 % par an de 2010 à 2018 ; depuis son pic de 2019, elle a reculé et se situe aujourd’hu...

Martin Lewis quizzes Rachel Reeves on pensionsMillions of workers earning £50,000 or more are being warned they could miss out on hundreds or even thousands of pounds in pension tax relief unless they take action. As frozen tax thresholds continue to pull more people into the higher-rate and additional-rate tax bands, experts say many savers may not realise they need to claim extra relief manually.Nearly two million more people are estimated to be paying the 40% higher-rate tax this year compared to 2022/23. Over the same period, the number of additional-rate taxpayers has increased by around 660,000. It means a rising number of people are now entitled to higher levels of pension tax relief, but many are failing to claim it. READ MORE: HMRC sends hundreds of thousands of ‘brown envelop...