Business

Business

Business taxes rising just as US economy heads into choppy water

Harvard economist Jason Furman shares his economic outlook for 2023, focusing on recession fears, the Federal Reserve’s agenda and geopolitical factors. A number of business taxes are rising just as the U.S. economy faces the increased risk of a recession, threatening to prolong financial pain for many companies and consumers. …

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Major plane shortage fuels turbulent skies

FOX Business’ Jeff Flock reports from Newark Liberty International Airport, where flights are being impacted by a plane shortage. Adding to a myriad of industry issues, experts warn that airline travelers may soon face more turbulence thanks to a nationwide plane shortage. Due to a combination of manufacturer supply chain …

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Goldman Sachs announces reduction in asset management investments

Goldman Sachs head of personal finance management Joe Duran provides his 2023 market outlook and discusses the firm’s ‘tough decision’ to cut 3,200 jobs on ‘Varney & Co. Goldman Sachs Group Inc’s asset management section will make significant cuts to the $59 billion of alternative investments that impacted its earnings. …

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States look to secure electrical grid after substation attacks

Check out what’s clicking on FoxBusiness.com Policymakers in several states are looking to shore up the security of the electrical grid after a series of attacks at substations in recent months exposed vulnerabilities and knocked out power for thousands. Over the last year, at least four states have reported deliberate …

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