Business

Record high prices threaten Memorial Day plans

Many Americans are hitting the road to celebrate Memorial Day this weekend for the first time in three years, but high prices for travel and food loom this weekend.

RBI’s basket of forex assets to widen amid uncertainty

US economy could be headed toward recession, economist warns: '100% odds' of global slowdown

The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.

Adani arm acquires 50% of B’luru-based drone startup

The Gautam Adani-led Adani Enterprises will buy 50% in General Aeronautics, a Bengaluru-based drone maker, for an undisclosed sum. M&A activity in the futuristic drone industry is on an upward curve.

White House announces import of baby formula from Australia

The U.S. Food and Drug Administration announced that 1.25 million cans of baby formula will be delivered to the United States within the coming weeks and months.

Have right to levy service charge: Restaurants' body

Defending the right of restaurants to levy service charge, the Federation of Hotels and Restaurants Association of India on Friday said it will participate in the meeting called by the department of consumer affairs (DoCA) on the issue on June 2. The DoCA discussion follows complaints by customers on the National Consumer Helpline that restaurants impose 5-15% service charge even though it is different from taxes and is in the nature of a tip.

Price of natural gas could climb higher still after cresting multi-year highs

News/Canada/Calgary: Analysts say natural gas could go even higher after breaking 14-year record this week.

Former Trump economic adviser still 'very nervous' about state of US economy

Former Trump senior economic adviser Steve Moore on the impact of inflation despite Americans spending money and traveling ahead of Memorial Day weekend.

Delta Air Lines to cut 100 daily flights over the summer

Delta, in the midst of the bustling summer travel season, will reduce its schedule by 100 daily departures. What to know.

Baby formula shortage: Out-of-stock rates surge to 70%

The baby formula crisis is expected to grow worse before it gets better according to new data. The out-of-stock rate for formula rose to 70% nationwide last week.

Tom Cruise's 'Top Gun: Maverick' not far off from real deal

The Tom Cruise film is based on the Navy's TOPGUN program, which was established in 1969 to teach the fleet's aircrew advanced fighter tactics during Vietnam.

Dismissing recession probability is a 'mistake,' former White House economist warns

Former Trump Council of Economic Advisers Chairman Kevin Hassett calls dismissing the probability of a recession a "mistake," arguing the U.S. is in one if GDP comes in negative again.

Lee Greenwood reflects on lasting legacy of 'God Bless the USA' on Memorial Day weekend

Country music star Lee Greenwald joined 'Varney & Co.' to discuss the legacy of his song 'God Bless the USA' and kicking off Fox News' summer concert series.

India seen facing wider coal shortages, worsening power outage

India is expected to face a wider coal shortage during the quarter ending September over expectations of higher power demand, an internal power ministry presentation seen by Reuters showed, worsening risks of widespread power outages.

Oil India reports high-ever profit on oil price surge

State-owned Oil India Ltd on Friday reported its highest-ever quarterly net profit in the three months to March as it got nearly $100 per barrel price for oil produced and sold.

High gas prices won't deter Memorial Day weekend travel, AAA exec says

AAA told FOX Business Friday Americans will continue to travel for Memorial Day weekend despite high gas prices but with do so with ‘behavioral changes.’

US consumers expect high inflation to persist this year, NY Fed survey shows

A New York Fed survey shows that most U.S. households think the high inflation environment will not fade over the next 12 months.

Forex reserves rise $4.23 billion to $597.51 billion: RBI

India's forex reserves increased by $4.23 billion to $597.509 billion for the week ended May 20 on the back of a high accretion of core currency assets, according to RBI data. The country's foreign exchange reserves had declined by $2.676 billion to $593.279 billion in the previous reporting week ended May 13.

Defending Indy 500 champion reveals the secrets of a successful IndyCar team

Meyer Shank Racing founder Mike Shank says having a successful IndyCar team is about building partnerships and spending money on the best people.

Fulcrum Digital to hire 800 techies in lateral positions

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