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- Are Wealth Taxes the Best Way to Tax the Ultra Rich?
Plans for a wealth tax, which is dividing France, have gotten popular around the world as inequality has widened and government debt has risen. ...[TheTopNews] Read More.12 hours ago - NASA Gets Moon Lander Plan B’s From SpaceX and Blue OriginAs NASA worries that China will win the next moon race, Elon Musk and his company tangled with critics. ...[TheTopNews] Read More.12 hours ago
- Fed Reserve chair candidate Chris Waller smacks down Powell’s ‘driving in the fog’ cla...
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," he 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 VIEW OF THE ECONOMY: ‘DRIVING IN THE FOG’"What do you do if you're driving in a fog? You slow down," he said during a Federal Open Market Committee meeting.Waller is one of five on… ...[TheTopNews] Read More.13 hours ago - Amazon stock hits record, lights up ETFsAmazon shares touched a record high Friday, rising over 9%, after strong quarterly results that were driven by its growing cloud business – AWS—which saw double-digit jump in sales to $30 billion. "AWS is growing at a pace we haven't seen since 2022, re-accelerating to 20.2% year-over-year, our largest growth rate in 11 quarters," CEO Andy Jassy told investors. He was even more bullish on future growth. "Backlog grew to $200 billion by Q3 quarter end and doesn't include several unannounced new deals in October, which together are more than our total deal volume for all of Q3. AWS is gaining momentum. Customers want to be running their core and AI workloads in AWS given its stronger functionality, security and operational performance and the scale I see in front of us gives me significant confidence in what lies ahead," he added. Jassy took over the role from then CEO and co-founder Jeff Bezos… ...[TheTopNews] Read More.13 hours ago
- LARRY KUDLOW: Impound, don’t go nuclearAfter completing his highly successful trade and diplomacy trip to the Indo-Pacific region, where he outfoxed and cornered China in so many areas, President Trump then wrote a long Truth Social note where he advocated for ending the government shutdown with what is called the 'nuclear option.' Writing "It is now time for the Republicans to play their "TRUMP CARD," and go for what is called the Nuclear Option — Get rid of the Filibuster, and get rid of it, NOW!"I can surely understand Mr. Trump's frustration with the radical Democratic Party that is being driven by the Mamdani-AOC-Bernie Sanders socialist wing.But I do not think ending the filibuster is a good idea. Speaking as someone who strongly supports the President's agenda of tax cuts, deregulation, energy dominance, reciprocal free trade, closing the border and so forth, I think ending the filibuster would do great damage to those pro-growth policies, which… ...[TheTopNews] Read More.14 hours ago
- Mike Tyson hopes new business venture could help SNAP enrollees during government shutdownMike Tyson lived off food stamps "many times" and knows that roughly 42 million Americans will miss out on benefits when the clock strikes midnight.SNAP will not be funded on Nov. 1 with the government shutdown now a month old."People are going to starve. That’s the reality. … Some people are going to suffer," Tyson said in his appearance on Fox Business Friday.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COMTyson knows what those who use SNAP to eat are going through."I come from this background. I come from where all the food you ate was what you stole, and it was just a bad situation. I've never seen anybody as poor as my family. We were cut off of welfare. Poverty's like your first love. Once you're engaged, you never forget it," he said."I'm from that era where poverty was just mandatory."But Tyson says his new business endeavor, ChaChing's Price… ...[TheTopNews] Read More.14 hours ago
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