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Dockworkers’ union reaches tentative agreement, will suspend port strike until January
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Dockworkers’ union reaches tentative agreement, will suspend port strike until January

By Bradford Betz | Fox Business Striking U.S. dockworkers will return to work Friday after reaching a tentative agreement with employers on an improved wage offer. The conditional offer was for a 62% wage increase, FOX Business has learned.  The offer is on the table for the next 90 days. If no deal is reached within that timeframe, the proposed wage hike will be pulled from the table.  The International Longshoremen’s Association, which represents 45,000 striking U.S. workers, said the union and USMX have reached a "tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025 to return to the bargaining table to negotiate all other outstanding issues."  READ THE FULL STORY AT FOX BUSINESS
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Musk blasts FCC for ‘illegally’ pulling Starlink award, says it would’ve helped victims of Hurricane Helene
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Musk blasts FCC for ‘illegally’ pulling Starlink award, says it would’ve helped victims of Hurricane Helene

By  Eric Revell  | Fox Business Billionaire entrepreneur Elon Musk on Wednesday said that the Federal Communications Commission's decision to not move forward with an award for SpaceX's Starlink to provide rural broadband may have cost lives in North Carolina when it was hit by Hurricane Helene. Musk, the CEO of SpaceX, responded to a post on X from a user who noted that "North Carolina would have 19,522 working Starlink kits available today after Hurricane Helene had the FCC not revoked in bad faith the grant that was awarded to SpaceX as the winning bidder." "Had the FCC not illegally revoked the SpaceX Starlink award, it would probably have saved lives in North Carolina," Musk wrote in his response. "Lawfare costs lives." READ THE FULL STORY AT FOX BUSINESS
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‘We have deepened our ties with China,’ Treasury Secretary Janet Yellen says of U.S.
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‘We have deepened our ties with China,’ Treasury Secretary Janet Yellen says of U.S.

By Ian Hanchett | Fox Business During an interview with CNBC on Thursday, Treasury Secretary Janet Yellen stated that the relationship between the U.S. and China has “gotten closer. I think we have deepened our ties with China.” CNBC Senior Economics Reporter Steve Liesman asked, “You mentioned in your speech the risk of China and the importance of having a positive relationship with China or at least building on that relationship. Yet, over the course of this administration, you have kept the tariffs put in place by former President Trump and you’ve actually added to them. Do you believe that that relationship has gotten closer?” READ THE FULL STORY AT FOX BUSINESS
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China expert sounds alarm over ‘war signals’: ‘Xi Jinping is about to do something truly horrendous’
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China expert sounds alarm over ‘war signals’: ‘Xi Jinping is about to do something truly horrendous’

By Alicia Warren | Fox Business Chinese President Xi Jinping may be on the verge of doing something "horrendous" after sending two "war signals" within 10 days of each other, says one expert. Gordon Chang, senior fellow at the Gatestone Institute and author of ‘Plan Red: China’s Project to Destroy America,’ joined FOX Business' "Mornings with Maria" on Thursday to discuss the U.S. adversary’s rising aggression.  His comments come after the Ministry of Defense of the People's Republic of China announced that its military had launched an intercontinental ballistic missile (ICBM) on Wednesday morning. The missile, which carried a dummy warhead and was not targeting any particular nation, fell into the ocean without incident. The People's Liberation Army's...
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House Intel demands ‘critical’ briefing on CCP-linked company Temu
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House Intel demands ‘critical’ briefing on CCP-linked company Temu

By Brooke Singman  | Fox Business The House Intelligence Committee is requesting a briefing from the FBI and Securities Exchange Commission on Chinese Communist Party-linked e-commerce company Temu and its parent company Pinduoduo (PDD) amid concerns of exploitation of U.S. data.  Fox News Digital obtained a letter led by House Intelligence Committee Chairman Mike Turner, R-Ohio, and Rep. Darin LaHood, R-Ill., addressed to FBI Director Christopher Wray and SEC Chairman Gary Gensler.  The lawmakers wrote regarding Temu and PDD, noting PDD is listed on the NASDAQ and "subject to United States’ Securities and Exchange Commission purview."  READ THE FULL STORY AT FOX BUSINESS
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Joe Manchin says he won’t endorse Harris over support for eliminating filibuster
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Joe Manchin says he won’t endorse Harris over support for eliminating filibuster

By Julia Johnson , Kelly Phares , Michael Dane , Daniel Scully  | Fox News Democrat-defector Sen. Joe Manchin, I-W.Va., said he won't endorse Vice President Harris in the presidential election after she revealed her support for doing away with the filibuster to pass abortion laws.  Harris, a former senator herself, told Wisconsin Public Radio (WPR) on Tuesday, "I think we should eliminate the filibuster for Roe."  Manchin told Fox News, "I'm not endorsing her," stressing the importance of the legislative threshold.  "I've been very, very, very clear on how strongly I believe that when you go down that slippery path, you don't just do it for one issue," he explained.  READ THE FULL STORY AT FOX NEWS
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American families continue to struggle to provide essentials in ongoing diaper crisis
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American families continue to struggle to provide essentials in ongoing diaper crisis

By  Sunny Tsai | Fox Business Diaper banks are stepping up to cover costs and babies’ bottoms across the U.S. as families struggle to pay for essentials for their newborns. Baby’s Bounty Center for Families in Las Vegas is a nonprofit that helps at-risk families with baby essentials, including diapers, car seats, foldable cribs, and clothes. The organization says a lot of parents are having a tough time these days. "An infant can use eight to 10 diapers per day. So, the need is significant, and they're incredibly expensive… we are not seeing this wane at all. We really thought that this was a COVID-based need. But week over week, we're seeing more and more families attend our diaper banks," said Baby’s Bounty CEO Kelly Maxwell. READ THE FULL STORY AT FOX BUSINESS
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Fed Chair Jerome Powell says immigration surge boosted unemployment rate
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Fed Chair Jerome Powell says immigration surge boosted unemployment rate

By Michelle Wells | Fox Business Federal Reserve Chair Jerome Powell said Wednesday that immigration is helping push the unemployment rate higher as they enter the labor force and look for jobs. Powell was asked about whether the level of job creation in the economy, which has been a little more than 100,000 on average for the last three months, is alarming and if the labor market can continue slowing down through fewer job openings as opposed to job losses. "On the job creation… it depends on the inflows," Powell said. "So if you're having millions of people come into the labor force, and you're creating 100,000 jobs, you're going to see unemployment go up. So it really depends on what's the trend underlying the volatility of people coming into the country." "We understand the...
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Kamala Harris’ tax plan could cost U.S. nearly 800k jobs, add $1.7T in tax revenue, study finds
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Kamala Harris’ tax plan could cost U.S. nearly 800k jobs, add $1.7T in tax revenue, study finds

By Eric Revell  | Fox Business Vice President Kamala Harris' tax plan could cost the U.S. economy nearly 800,000 jobs, a new analysis by the Tax Foundation finds. Harris' tax plan, which contains a variety of tax increases, cuts and credits, is based largely on President Biden's budget – though the vice president has offered her own policy ideas since becoming the Democratic presidential nominee.  Overall, the Tax Foundation analysis finds a loss of 786,000 full-time equivalent jobs over the long run under Harris' plan when compared to baseline projections, as well as 2% decline in long-run GDP and a 1.2% dip in long-run wages, while bringing in nearly $1.7 trillion in additional tax revenue over the next decade. READ THE FULL STORY AT FOX BUSINESS
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Remember Tupperware? The decades-old, iconic kitchen staple company has filed for bankruptcy
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Remember Tupperware? The decades-old, iconic kitchen staple company has filed for bankruptcy

By Breck Dumas and  Pilar Arias  | Fox Business Tupperware Brands Corporation has filed for bankruptcy, just months after the iconic American food storage container maker shuttered its last remaining plant in the U.S. amid financial woes. The company formally announced its voluntary decision to initiate Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware on Tuesday.  The company listed $500 million-$1 billion in estimated assets and $1 billion-$10 billion in estimated liabilities, according to bankruptcy filings, which showed the number of creditors to be between 50,001-100,000. "Whether you are a dedicated member of our Tupperware team, sell, cook with, or simply love our Tupperware products, you are a part of our Tupperware family. We plan&nb...
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