Florida's small businesses cannot survive a $15 minimum wage mandate

Biden’s ‘ridiculous’ minimum wage push will kill jobs: Andy Puzder Former CKE Restaurants CEO Andy Puzder weighs in on GDP growth, the economy, and Biden’s minimum wage push. We’ve seen liberal cities across the country vote in favor of minimum wage proposals. They sound good in principle — who doesn’t want our workers to have […]

Stocks drop as COVID-19 fears lead to Wall Street’s worst week in months

US stocks tumbled again Friday as renewed fears about the coronavirus pandemic put Wall Street on pace for its worst week in months. The Dow Jones industrial average sank as much as 127.87 points, or 0.4 percent, to 26,531.24 in early trading a day after new COVID-19 infections hit a new record high in the […]

​4 reasons mortgage rates could drop further this year

As mortgage rates decline, there’s more incentive to buy or refinance a home loan. (iStock) While the coronavirus pandemic has financially sideswiped millions of Americans, there is something of a silver lining: current mortgage rates are declining — and homeowners and home buyers alike can save big. Continue Reading Below Mortgage interest rates have hovered near historic […]

15th Finance Commission finalises report, to submit it to President on November 9

The report, which contains recommendations pertaining to five financial years, 2021-22 to 2025-26, will be tabled in Parliament by the Union Finance Minister along with an action taken report of the Government of India. The 15th Finance Commission has completed its deliberations and finalised its report for fund devolution between Centre and States for the […]

Moderna will have 20M COVID-19 vaccines ready by year’s end

Biotech firm Moderna expects to have about 20 million doses of its experimental coronavirus vaccine ready to ship in the US by the end of the year. The Massachusetts-based drug developer will be prepared to distribute the vaccine, dubbed mRNA-1273, around the country if its late-stage clinical study proves that it works and the feds […]

Zoom (ZM) Could Add to Historic Gains

Zoom Video Communications, Inc. (ZM) stock flashed green on Monday despite the biggest down day since early September, highlighting resiliency that could translate into much higher prices in coming months. The early onset of the second pandemic wave has underpinned buying interest, potentially reversing the slow push for normalcy that started in the second quarter. […]

Former Shell Oil president schools Biden on fracking

Biden has ‘no concept’ of how important fracking is to US economy: Hofmeister Former Shell Oil President John Hofmeister argues Joe Biden’s federal fracking ban could upend America as an energy leader and eliminate thousands of jobs. Former Shell Oil President John Hofmeister joined the chorus of oil and gas industry leaders who are sounding the alarm over Joe […]

Coca-Cola plans to get rid of about 200 brands

Tab isn’t the only beverage Coca-Cola is pouring down the drain. The soft-drink giant plans to get rid of about 200 brands — or roughly half of its portfolio — in an effort to focus on its top-performing products. The Atlanta-based company provided more details of the upcoming brand purge in its quarterly earnings call […]

HBO owner AT&T squeezed by losses in entertainment unit WarnerMedia

AT&T’s third quarter earnings were dragged down by the entertainment assets its recently acquired from Time Warner even as its new streaming service, HBO Max, continued to gain subscribers. The telecom giant behind Warner Bros. film studios and HBO said its profit for the three months ended in September fell to $2.8 billion, or 39 […]

More money flowing into hedge funds amid global unrest

For the first time in more than two years, more money is flowing into hedge funds than is being pulled out of them as smart-money investors look to protect themselves from growing uncertainty around the world. The third quarter of 2020 saw net inflows of $13 billion for the hedge fund industry as a whole, […]