Category: fox-business/politics

Elon Musk hosts Argentine President Javier Milei at Tesla headquarters

Tesla CEO Elon Musk hosted Argentine President Javier Milei at the electric vehicle giant’s headquarters in Austin, Texas, on Friday, where the pair reportedly agreed to work together to promote free markets and discussed potential lithium projects. The Wall Street Journal reported this was the first face-to-face meeting between the pair, who have praised each other on Musk’s social media platform, X, for months. The…

How much will taxpayers foot for Biden’s student loan handouts? A half-trillion, UPenn’s Wharton School says

The White House announced another student loan handout on Friday, bringing the total number of borrowers who have received President Biden’s debt relief so far to 4.3 million. According to the White House, the total student loan cancellation sum is a whopping $153 billion. “Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved…

Billionaire CEOs join White House state dinner for Japan prime minister

President Biden and first lady Jill Biden welcomed Japan’s prime minister, Fumio Kishida, to the White House on Wednesday for a combined official visit and state dinner to celebrate the alliance between the two countries.  “This visit also reflects the upward trajectory of the U.S.-Japan Alliance as it evolves into a global partnership that promotes a shared vision of progress and prosperity for the future….

Food costs soar as Biden hands out massive $7.4B for student loans

Months after the United States Supreme Court ruled President Biden’s sweeping student loan handout was illegal, he is forging ahead with another partial loan forgiveness. “Today, my Administration is canceling student debt for 277,000 more people, bringing the total number of Americans who have been approved for debt relief so far under my Administration to 4.3 million borrowers through various actions,” the White House said…

White House to announce $75B student debt cancelation to give ‘breathing room,’ takes dig at House GOP

The White House on Friday will announce that it’s canceling an additional $75 billion in debt as part of the Biden administration’s most recent attempt at widespread student loan forgiveness ahead of the election. “Our administration is working as quickly as possible to be ready once the proposed rules are finalized, to start implementing some of them as early as this fall,” White House Press…

White House invites Tim Cook, Jeff Bezos to state dinner despite DOJ lawsuits against Apple, Amazon

The White House’s state dinner on Wednesday included a list of bigwig names in business, sports, politics and entertainment.  Among the list of attendees was Amazon CEO Jeff Bezos and Apple CEO Tim Cook. Their attendance was notable given that both Amazon and Apple have been the subject of lawsuits from the federal government.  Last month, the Department of Justice (DOJ) sued Apple over allegations…

Biden claims inflation was ‘skyrocketing’ when he took office, despite data showing opposite

President Biden asserted on Wednesday that inflation was surging when he took office in January 2021, despite federal data showing the opposite. Biden’s comments came shortly after the latest Consumer Price Index reading was released, showing annual inflation accelerated faster than expected for a third straight month in March. In response to a question about inflation remaining high, he noted that the rate of price…

Yellen ends China trip with no breakthrough

Treasury Secretary Janet Yellen wrapped up four-day trip to Beijing without much to show for it, acknowledging an unsure future for relations between the U.S. and China. After a series of economic meetings, it was at least agreed that more communication would take place. “There is much more work to do,” Ms. Yellen said at a Monday news conference. “And it remains unclear what this…

Biden admin weighs labels for products made by Israeli settlers in West Bank: report

The Biden administration is considering requiring labels on imported goods made by Israeli settlers living in the West Bank, according to a report by the Financial Times citing U.S. officials familiar with the plan. According to the report, the Biden administration hasn’t determined the timing for the move or issued its final approval for the policy – though it almost announced it last month following…

New carbon technology projects could be key to ‘Big Oil’ emissions cuts

The outcome of four government-funded pilot projects could be crucial in developing technologies for Big Oil to reduce its carbon footprint and help the Biden- administration’s goal of a net-zero emissions economy by 2050.  The Energy Department’s Clean Energy Demonstrations (OCED) in February allocated $304 million in taxpayer funds to new technologies designed to capture carbon dioxide emissions at power and industrial sites in Kentucky,…

Varney: Encouraging mediocrity is profoundly un-American

During his “My Take,” Thursday, “Varney & Co.” Stuart Varney addressed the work habits of today’s labor force, arguing that ambition and prosperity are being frowned upon by socialist lawmakers and institutions that think working hard is a health risk. STUART VARNEY: Working hard is out of style.  Climbing the career ladder is OK so long as it doesn’t interfere with your work-life balance.  JOB…

LARRY KUDLOW: Biden’s manic tax-hike policies would decimate the economy

Sixty-four percent, or nearly two-thirds, of voters say their taxes are too high. That’s a record complaint and no surprise, because all Joe Biden does is run around the country at every stop telling folks he’s going to raise taxes.  Corporate taxes, individual taxes, capital gains, dividends, the death tax, small businesses. If it moves, he wants to tax it more. Now, here’s the catch: He…

Hedge fund billionaire says US debt ‘is a growing concern that cannot be overlooked’

Citadel founder and CEO Ken Griffin sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund that was published Monday. Griffin pointed to recent projections by the nonpartisan Congressional Budget Office (CBO) that show the national debt rising to historic levels due to higher spending on interest to service the debt, while annual budget deficits are…

Utilities experts speak on nation’s ability to accommodate wider EV adoption: ‘Doesn’t just happen magically’

Last month, the Biden administration finalized highly-anticipated environmental regulations that are ultimately intended to incentivize wider adoption of electric vehicles (EV).  The aggressive emissions standards for gas-powered vehicles are meant to compel automakers to increase production and sales of EVs, plug-in hybrids, traditional hybrids and fuel cell vehicles.  Under one “low cost” model outlined by the Environmental Protection Agency (EPA), officials said automakers would be…

Biden accused of failing to disclose vacations gifted to him by wealthy supporters

FIRST ON FOX: A conservative watchdog group is accusing President Biden of possible violations of federal financial disclosure laws related to lavish vacations he took at the homes of wealthy businessmen and Democratic donors.  Russ Vought, president of the Center for Renewing America, is asking the Department of Justice to investigate Biden for alleged “serious ethical lapses” in failing to disclose free vacations that do…

Yellen visiting China to combat climate change, protect interests of American workers

Treasury Secretary Janet Yellen is scheduled to visit China this week to advance the interests of U.S. workers, U.S. national security and attempt to cut down on climate change. Yellen will travel to Gwangju, China, from Thursday to Saturday before heading to Beijing for meetings and engagements from April 7 to April 9, according to a senior treasury official. During her visit to China, Yellen…

Varney: Biden’s White House seemingly has little time for Christianity

During his “My Take,” Monday, “Varney & Co.” host Stuart Varney criticized Biden for designating Easter Sunday “Transgender Day of Visibility” after the White House banned religious-themed designs from its traditional Easter egg art contest. STUART VARNEY: In about 20 minutes, the annual Easter egg roll begins at the White House. It may be a little different this year. RELIGIOUS-THEMED DESIGN BANNED FROM WHITE HOUSE…

Price of eggs, chocolate remain higher than usual amid Easter festivities

Inflation and other factors related to the U.S. economy continue to wreak havoc on Americans, and the price of Easter essentials, including eggs, chocolate and candy, remains at near-historic highs. The average price for a dozen grade A eggs in cities throughout the United States sat at around $2.99, according to February data provided by the Federal Reserve. That price is more than double the…

Yellen says energy, health care costs still ‘too high’ and are ‘top economic priority’

Treasury Secretary Janet Yellen said Wednesday that inflation has caused energy and health care costs to remain elevated for American households and that reducing them is the Biden administration’s top priority in economic policy. Yellen delivered remarks in Norcross, Georgia, and said “GDP growth is strong, inflation has come down significantly and the labor market is remarkably healthy.” But she signaled the White House is…

Disney, Florida Gov. DeSantis-backed board reach settlement in lawsuit

Disney and a Central Florida tourism board backed by Florida Gov. Ron DeSantis reached a settlement Wednesday in a lawsuit over who controls the special governing district that encompasses the Walt Disney World Resort. Members of the Central Florida Tourism Oversight District approved the settlement, which will bring an end to a court battle that has lasted for nearly two years.  “We are glad that…

LARRY KUDLOW: Trump stands tall today

Donald Trump‘s wildly successful Trump Media stock offering is first and foremost a vote of confidence by his supporters all around the country.  At a time when Mr. Trump is under attack from the weaponized lawfare and election interference campaign waged against him by Joe Biden all the way down through various corrupt left-wing prosecutors, Mr. Trump stands tall today atop this remarkable stock-market success….

RFK’s running mate is Google co-founder’s ex: Who is she?

Robert F. Kennedy, Jr. on Tuesday named attorney Nicole Shanahan, who was previously married to Google co-founder Sergey Brin, as his vice presidential pick for his independent presidential campaign. The Wall Street Journal first reported that Kennedy would name Shanahan as his running mate at a rally in Oakland, California. Shanahan grew up in Oakland, making it a likely location for Kennedy’s announcement given her…

Apple, Google, Meta targeted in EU’s first Digital Markets Act investigations

Tech giants Apple, Google and Meta will be investigated by European Union antitrust regulators for potential violations of the EU’s landmark law to promote competition in the digital economy that could result in large fines. The investigations of the Big Tech trio are the first to occur under provisions of the Digital Markets Act that took effect on March 7. The rules require six designated…

Real estate investor warns Trump’s NY case will ‘wreak financial havoc’ on the city

As former President Donald Trump’s legal battles continue Monday, one prominent real estate investor is doubling down on the troubling precedent the case sets for the overarching industry. “This could take decades to fix. This will cost New York City hundreds of billions of dollars and literally wreak financial havoc on the city,” private equity fund manager and Cardone Capital CEO Grant Cardone said on…

Pride flags banned at US embassies as a result of $1.2 trillion spending package

Pride flags can no longer be flown at U.S. embassies. The ban was part of the $1.2 trillion spending package signed by President Biden on Saturday. “The bipartisan funding bill I just signed keeps the government open, invests in the American people, and strengthens our economy and national security,” Biden said in a press release. “This agreement represents a compromise, which means neither side got…

Senators slam ‘delay tactic’ on TikTok bill despite ‘national security issue’

Several senators criticized what they characterized as a delay in the House-passed TikTok bill in the upper chamber as a pressing “national security concern” lingers.  Sen. Josh Hawley, R-Mo., told Fox News Digital the bipartisan bill to force the app to divest from Chinese company ByteDance or be banned in the U.S. is “100%” being delayed in the Senate. The Protecting Americans from Foreign Adversary…

Danger ahead: CBO says debt will consume 166% of GDP in 30 years

The nonpartisan Congressional Budget Office (CBO) released a report on Wednesday that projected the national debt will rise to unprecedented levels over the next 30 years despite recent deficit reduction efforts and an improved outlook for economic growth. The CBO’s projections show the share of federal debt held by the public – a key metric used by economists to track the size of the national…

Billionaire Nelson Peltz gives two reasons why he is backing Trump over Biden in 2024 rematch

Billionaire investor Nelson Peltz will likely back former President Trump over President Biden in their prospective 2024 general election rematch this November, he said Tuesday. Peltz, 81, cited the ongoing migrant crisis and Biden’s mishandling of the U.S.-Mexico border as the reasons why he was choosing to back Trump. “It will probably be Trump and I’m not happy about that,” Peltz said during an interview…

Florida homeowner shares squatter eviction success story: ‘We went the right way’

After experiencing her own physical and financial altercations with alleged squatters on her Florida property, Democrat and homeowner Patti Peeples is finally feeling a sense of relief. “We went the right way,” Peeples said on “The Big Money Show,” Tuesday. “And Florida, I think, is leading the nation in this quest to approach squatters legally and not use vigilante justice. And that’s the way it…

Elizabeth Warren leads renewed charge for wealth tax on ultrarich

A group of progressive Democrats is restarting an effort to increase taxes on the wealthiest Americans.  Sen. Elizabeth Warren, D-Mass., on Tuesday reintroduced the Ultra-Millionaire Tax Act, which would slap a 2% tax on households worth $50 million to $1 billion and a 3% tax on households worth more than $1 billion. Reps. Pramila Jayapal, D-Wash., and Brendan Boyle, D-Pa., have introduced a companion bill…