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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Fox Business

Fed officials anticipate 'significant' interest rate hikes until inflation eases, minutes show

Wed, Aug 17, 2022

Federal Reserve officials expressed resolve to bringing inflation closer to their 2% target at the July meeting, with policymakers forecasting more "significant" rate hikes....

Best Buy to sell over-the-counter hearing aids this fall

Wed, Aug 17, 2022

Consumer electronics retailer Best Buy will also launch a new online hearing assessment tool and host an in-store experience for hearing devices in more than 300 stores....

Appeals court revives Biden pause on federal oil, gas leases

Wed, Aug 17, 2022

The Fifth Circuit Court of Appeals ruled Wednesday that President Biden's pause on federal oil and gas leases can go back into effect, lifting a lower court injunction....

Good news: 10-year private student loan interest rates dip below 7%

Wed, Aug 17, 2022

The latest private student loan interest rates from the Credible marketplace, updated weekly....

Bed Bath & Beyond shares spike again amid retail investor frenzy

Wed, Aug 17, 2022

Bed, Bath & Beyond retail trading activity comes after Chewy.com co-founder and GameStop chairman Ryan Cohen's RC Ventures purchased call options on more than 1.6 million shares....

BlackRock invests $700 million into Australian battery storage and renewable energy projects

Wed, Aug 17, 2022

BlackRock said Tuesday it would invest nearly $700 million into an Australian firm that creates battery storage and renewable energy projects....

Rappers Swizz Beatz and Timbaland sue Triller for $28 million

Wed, Aug 17, 2022

Rappers Timbaland and Swizz Beatz filed a lawsuit against video platform Triller for $28 million over the sale of their popular web series....

Pharmacies ordered to pay $650.6M to Ohio counties in opioid case

Wed, Aug 17, 2022

Federal judge orders CVS, Walmart and Walgreens to pay $650.6 million to Lake and Trumbull counties in Ohio after jury concludes the pharmacy chains over-supplied pain pills....

Target CEO on retailer's inflation, inventory problems: Markdowns were 'best path forward'

Wed, Aug 17, 2022

Target profits tumbled 89% in the second quarter due to inflation limiting consumer spending and a pileup of inventory blamed on supply chain problems....

Consumers taking on more debt is a ‘very real’ concern: Retail expert

Wed, Aug 17, 2022

Stacey Widlitz, the founder of SW Retail Advisors, weighed in on new retail data, which revealed that inflation is impacting consumers' ability to spend on discretionary items....