Business

New York Post columnist Karol Markowicz rips into a teachers union and NYC mayoral candidate Zohran Mamdani's education proposal on Maria Bartiromos Wall Street. Billionaire Elon Musk warned in an interview that the policies of New York City mayoral candidate Zohran Mamdani, a democratic socialist, would cause a major decline in living standards. Musk, the CEO of Tesla and SpaceX, appeared on "The Joe Rogan Experience" and acknowledged that Mamdani is the frontrunner in the mayoral race but said that his agenda, if implemented, would hurt New Yorkers' quality of life."Mamdani is a charismatic swindler," Musk said. "I mean you gotta hand it to him, like, he can light up a stage, but he has just been a swindler his entire life." "If Mamdani's policies are put into place, especially a...

Capitalist Pig hedge fund manager Jonathan Hoenig discusses the lingering impact of inflation on Americans’ finances and shares his exotic stock of the week on Varney & Co. The Federal Reserve cut interest rates for the second time in 2025 last week, though one member of the central bank's monetary policy committee voted against cutting rates, citing concerns over inflation. Policymakers on the Federal Open Market Committee (FOMC), which guides the Fed's monetary policy, voted 10-2 in favor of lowering the benchmark federal funds rate by 25 basis points to a target range of 3.75% to 4%. One dissenter, Fed Governor Stephen Miran, called for a larger 50-basis-point cut.The other dissenter was Federal Reserve Bank of Kansas City President Jeffrey Schmid, who said in a dissent stat...

The facility houses more than 2,000 employees across 26 departments. A United Airlines flight clipped another United plane while taxiing at LaGuardia Airport in New York City Friday evening, according to the air carrier.  United Flight 580, a Boeing 737 arriving from Chicago’s O’Hare International Airport with 166 passengers and eight crew members, was taxiing toward its arrival gate when it struck a stationary United plane, the airline said.The collision damaged the tail of United Flight 434, another Boeing 737 preparing to depart for Houston’s George Bush Intercontinental Airport with 162 passengers and seven crew members on board, United added. "On Friday evening, United flight 580 was turning into its arrival gate when it made contact with the tail of United flight 434, which w...

Check out what's clicking on FoxBusiness.com. The Mega Millions jackpot has climbed to $800 million, potentially making someone a lot richer ahead of Thanksgiving. Since no one matched all six numbers drawn on Halloween, a payout – with a cash value of $371.7 million – is up for grabs on Tuesday."It has been a while since the Mega Millions jackpot was won during November; the last time was in 2016," Mega Millions said in a media release. "Since the game began in 2002, though, there have been 16 jackpots won during the month; the largest to date was a $326 million prize won in New York on November 4, 2014." "The big prize has been growing since it was last won in Virginia on June 27," the multi-state lottery game said.  MEGA MILLIONS JACKPOT NOW AMONG TOP 10 HIGHEST IN CONTEST HISTO...

Think tank the Resolution Foundation, whose former boss Torsten Bell is now writing the Budget, has suggested cutting income tax by 2p, then adding 2p to income tax.This is a cunning move because pensioners don't pay NI – but they do pay income tax and will be caught as a result.Every year, more pensioners pay income tax, for two main reasons. First, the triple lock has steadily pushed up the state pension, meaning more pensioners now exceed the £12,570 personal allowance.Second, the government has frozen tax thresholds. In 2010, around 4.5million pensioners paid income tax, mostly those still working or with generous private pensions. Today, that's doubled to more than nine million, and it will only rise further.More than a million pensioners also pay income tax on savings interest, du...

Rachel Reeves is said to be plotting a huge £4billion pension tax raid in her Budget later this month. The Chancellor is believed to want to axe fiscal breaks available to staff and employers who save cash in workplace pensions, which could cost the average worker £210 a year. "Salary sacrifice” schemes mean Brits can put money into their retirement pots before it is subject to income tax or national insurance.Firms also enjoy lower employer national insurance contributions when staff take advantage of this, because the levies are only charged on pay left over. But Ms Reeves is reportedly preparing to change the national insurance relief by changing the maximum amount of an employee's wages that can be deposited without paying up. Someone on £35,000 a year and contributed 5% of their wa...

Every day brings fresh proof of ministerial ineptitude, naked self‑interest, vanity and entitlement. Labour’s front bench loves to lecture the rest of us, grab our money and talk down to working people, while shamelessly bending the rules they impose on the rest of us.Angela Rayner is the most glaring example. Parading as the authentic working‑class voice, she was forced to resign after bending the rules to avoid £40,000 in stamp duty on her £800,000 seaside flat in Hove.Homelessness minister Rushanara Ali campaigned against "unreasonable rent increases", but only afterevicting tenants from her east London townhouse and hiking the rent by £700 a month for the new occupants.Transport secretary Louise Haigh had to resign after it was discovered she'd filed false reports that her work mobi...

Federal Reserve Governor Christopher Waller joins ‘Kudlow’ to discuss the latest happenings at the Federal Reserve. Federal Reserve governor and chair candidate Christopher Waller joined "Kudlow" to shut down Chairman Jerome Powell’s claim the agency is driving through "fog." Powell said Wednesday the lack of key economic data caused by the government shutdown has given the Federal Reserve an unclear view of the economy."This fog story has just got to stop," Waller told FOX Business host Larry Kudlow. "The fog might tell you to slow down. It doesn't tell you to pull over to the side of the road. You still have to go. You may want to be careful, but it doesn't mean to stop, and that's the right thing to do with policies — to continue cutting. POWELL WARNS SHUTDOWN IS CLOUDING FED’S ...

State pensioners across the UK have benefited from an income boost this year thanks to a 4.1% uprating to the State Pension in line with the triple lock.The uprating, which took effect at the start of the 2025/26 financial year in April, increased the full basic State Pension to £176.45 per week and the full new State Pension up to £230.25 per week. According to the Department for Work and Pensions (DWP), the rise will provide an extra £360 per year to older pensioners on the full basic State Pension, while those who get the full new State Pension will be an extra £470 per year better off under the new rates. Pensioners typically receive their pension payments every four weeks, but exactly when your money lands in your bank account is determined by your National Insurance number.Payment...

Sen. Bill Hagerty, R-Tenn., analyzes President Donald Trump's 'complicated relationship' with China, weighs in on the president ending trade negotiations with Canada and more on 'Maria Bartiromo's Wall Street.' President Donald Trump announced Saturday that the U.S. will impose an additional 10% tariff on Canadian imports, citing a "fraudulent advertisement" featuring former President Ronald Reagan speaking out against tariffs. Trump claimed that the ad, which aired during the World Series that began Friday, was part of Canada's "hope that the United States Supreme Court will come to their ‘rescue’ on Tariffs that they have used for years to hurt the United States.""Canada was caught, red handed, putting up a fraudulent advertisement on Ronald Reagan’s Speech on Tariffs," Trump pos...