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Trump has a plan for economic prosperity, Harris does not
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Fox News, National

Trump has a plan for economic prosperity, Harris does not

By  Andy Puzder | Fox News As the November election approaches, the economy remains the most important issue for voters. On the question of which candidate voters believe would make the best economic policy decisions, President Trump holds a 10 percentage point advantage over Vice President Kamala Harris, according to the latest Pew Research survey. No one should be surprised.  Trump offers straightforward pro-growth economic policies consistent with the plan he successfully implemented during his first term in office, as most voters fondly recall.  He would keep tax rates low, encouraging investment and consumer spending, reduce growth-hobbling business regulation, and expand America’s domestic energy production, reducing the cost of literally everything. ...
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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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Fox Business, National

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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Fox Business, National

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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Fed opts for bigger interest rate cut in first downward revision since pandemic
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National, Washington Examiner

Fed opts for bigger interest rate cut in first downward revision since pandemic

By Zach Halaschak | Washington Examiner The Federal Reserve on Wednesday cut its interest rate target by a half of a percentage point, the first time the central bank has trimmed rates in over four years. After a two-day meeting of its monetary policy committee in Washington, D.C., the Fed announced it would move its rate target to range of 4.75% to 5.00%. Many investors had bet that the Fed would implement a smaller rate cut — an unusual disconnect, as Fed decisions are typically telegraphed long in advance. The rate cut comes after years of near-frantic efforts by the central bank to arrest inflation. Wednesday’s move signals that the Fed sees the inflation threat as over, and now believes the bigger threat is the possibi...
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CEO of JPMorgan warns US of economic fate worse than recession: ‘The worst outcome’
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Fox Business, National

CEO of JPMorgan warns US of economic fate worse than recession: ‘The worst outcome’

By Jasmine Baehr  | Fox Business JPMorgan Chase CEO has laid out the "worst outcome" for America's economic future, beyond recession. "The worst outcome is stagflation," said Dimon. "And by the way, I wouldn't take it off the table." 68-year-old Jamie Dimon made his remarks on Tuesday at the Council of Institutional Investors in New York. JPMorgan Chase is the largest bank in the United States according to Bankrate, with $3.4T in assets. Stagflation, a portmanteau of stagnation and inflation, refers to a state where economic growth slows while inflation and unemployment rise. The economic consequences of stagflation may cause retirement savings to go down as well as the stock market to crash; it was last seen in the U.S. during the 1970s, according to Inves...
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Denver ranked as the hottest labor market in the US
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kdvr.com, Local

Denver ranked as the hottest labor market in the US

By Spencer Kristensen | KDVR Job hunting has never been a fun task. Financial security depends on it; it can take months to maybe even years to find something and there are always so many outside factors affecting the market. Job hunting in 2024 has become even more stressful. Many fields are still recovering from the effects of the COVID-19 pandemic, it can take filling out hundreds of applications to even hear back for one preliminary interview, companies are receiving thousands of digital applicants and resume tailoring and networking have become a necessity. At times, the job hunt can feel hopeless. It doesn’t always have to be that way though. With a good plan and plenty of research, applicants can increase their odds. READ THE FULL STORY AT KDVR
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U.S. borrowing tops $1.9 trillion so far this year
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The Center Square, National

U.S. borrowing tops $1.9 trillion so far this year

By Jennie Tae and Jorge Fitz-Gibbon | The Center Square  The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending. Those borrowing figures come from the the latest Monthly Treasury Statement from the Treasury Department. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said that is roughly $6 billion borrowed per day this fiscal year. "America faces steep fiscal challenges in the very near future – next year alone, we’ll need to confront the multi-trillion dollar question of extending the 2017 tax cuts, we’ll need to raise the debt ceiling, and we’ll need to address the expiration of discretionary spend...
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Mayor Mike Johnston unveils 2025 budget proposal amid cuts due to declining Denver consumer spending
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CBS Colorado, Local

Mayor Mike Johnston unveils 2025 budget proposal amid cuts due to declining Denver consumer spending

By Jasmine Arenas | CBS Colorado A drop in consumer spending is affecting the city of Denver's finances. Mayor Mike Johnston unveiled his proposed 2025 budget on Thursday, and as a result of that dip in it includes substantial cuts to programs that he's passionate about.   Nicole Doheny, the chief financial officer for the City and County of Denver, says cities like Los Angeles and Chicago are also facing similar challenges. "Denver is not immune to these factors. Here in Denver what these trends mean for us is that our revenue growth for 2025 is projected at 1.1%. (It's our) lowest revenue growth since the pandemic," Doheny said. READ THE FULL STORY AT THE CBS COLORADO
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Cost of living, housing affordability are top concerns for Colorado residents
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coloradopolitics.com, State

Cost of living, housing affordability are top concerns for Colorado residents

By Marissa Ventrelli | Colorado Politics Cost of living, housing and politics top the list of concerns for Coloradans this year, according to the Colorado Health Foundation's annual pulse survey. Of the 2,404 individuals surveyed, 19% identified cost of living and inflation as the most important issue facing the state, while 17% named housing affordability and 11% cited government and politics. Other top concerns included homelessness, immigration and public safety. Immigration saw the highest change — a 12-point increase from last year's survey. Responses for cost of living and housing increased 3 and 2 points, respectively.  READ THE FULL STORY AT COLORADO POLITICS
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Big Lots files for bankruptcy, will close some stores amid sale to investment firm
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Fox Business, National

Big Lots files for bankruptcy, will close some stores amid sale to investment firm

By  Pilar Arias | Fox Business About three months after Big Lots noted "substantial doubt about the Company's ability to continue" in a U.S. Securities & Exchange Commission (SEC) filing, the company said on Monday it has secured $707.5 million to support its operations and sell its business to private equity firm Nexus Capital. This comes as the company has initiated bankruptcy proceedings under Chapter 11. Big Lots listed its assets and liabilities in the range of $1 billion to $10 billion, according to a filing with bankruptcy court in Delaware, which showed creditors in the range of 5,001-10,000. Big Lots cited troubles that began during the COVID-19 pandemic, and "macroeconomic factors such as high inflation and interest rates that are beyond its control." RE...
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