New York faces $10.7 billion tax revenue loss as millionaires exit the state
New York experiences a dramatic exodus of wealthy residents, costing the state nearly $11 billion in tax revenue in 2022.
New York's millionaire exodus: High taxes cost state billions in revenue
‘The Big Money Show’ reacts to New York City Mayor Zohran Mamdani defending his call for higher taxes on the wealthy as a new report estimates the state's millionaire exodus cost nearly $11 billion in lost tax revenue, fueling debate over the future
Big banks just painted a ‘pretty clear, uniformed story,’ market expert says
iCapital global investment strategist Dan Suzuki weighs in on big bank earnings on 'Varney & Co.'
Trump says Gulf states will invest in US in lieu of 20% fee for guarding Strait of Hormuz
President Donald Trump said Tuesday he is backing away from charging a 20% fee for commercial ships transiting the Strait of Hormuz.
California real estate expert discusses falling rents, AI wealth impact on housing
California real estate owner Josh Altman joins Stuart Varney to discuss falling rents in Los Angeles, normalizing national trends and the impact of AI-generated wealth driving up prices in San Jose.
Melania Trump's advisor explains why every child should be auto enrolled in 'Trump Accounts'
Marc Beckman, First Lady Melania Trump's senior advisor, discusses the ‘Trump Accounts’ investment program for children, advocating for auto-enrollment.
Taco Bell investigated as lettuce emerges as possible source of cyclosporiasis outbreak
Federal and state health agencies are reportedly reviewing whether Taco Bell locations contributed to the cyclosporiasis outbreak sweeping Michigan and America.
Home cooks should stop using recalled gas range immediately, US says
The recalled Insignia Front Control Gas Ranges can be activated by accidental contact with knobs, affecting 3,820 units sold across the U.S.
Lindsey Graham's sister chosen to fulfill his Senate term
Fox News chief congressional correspondent Chad Pergram reports on the appointment of Darlene Graham, sister of the late Senator Lindsey Graham, to fulfill his term in the Senate. This marks a unique instance of a sibling succeeding a lawmaker.
Wells Fargo beats Q2 EPS and revenue estimates, stock up in pre-market
Cheryl Casone reports that Wells Fargo's Q2 earnings per share of $2.00 (actual) beat estimates of $1.72, and revenue of $22.62B (actual) surpassed estimates of $21.84B.
Treasury issues guidance on bank supervision for non-work authorized borrowers
The Treasury Department issues new guidance to national banks and financial institutions regarding lending to illegal immigrants without work authorization.
Trump notifies Congress of Iran strikes; Rep. Buddy Carter discusses consequences
President Donald Trump formally notifies Congress about military action against Iran, triggering the War Powers Resolution. Rep. Buddy Carter (R-GA) discusses the strikes, stating Iran's economy and military are in shambles.
Fed Chairman Warsh testifies as June CPI shows inflation cooling
Fed Chairman Kevin Warsh addresses Congress as new June CPI data reveals inflation cooling, with month-over-month prices falling 0.4% and core inflation dropping to 2.6% year-over-year.
Health officials track rising cyclospora cases across 31 states
Health officials are tracking a growing surge of cyclospora, a parasitic stomach illness, reported in 31 U.S. states. Nutritionist Marissa Karp provides food safety tips and discusses the unknown source of the outbreak.
Consumer inflation cooled more than expected in June as gas prices fell
The Bureau of Labor Statistics found that the consumer price index (CPI) eased in June as consumer price growth slowed after a recent surge caused by the Iran war.
Sen. Cynthia Lummis hopes Lindsey Graham’s death ‘motivates’ the GOP
Sen. Cynthia Lummis, R-Wyo., discusses the CLARITY Act, congressional ethics language and Sen. Lindsey Graham's impact on 'Mornings with Maria.'
Stuart Varney: Democratic socialists erupt over 2028 endorsement
‘Varney & Co.’ host Stuart Varney discusses the intense infighting within the Democratic Socialists of America, highlighting divisions over leadership endorsements, ideological purity regarding Israel and controversial figures like Morris Cats.
CPI report sparks debate on Fed rates, NYC millionaire exodus
The Lonski Group President John Lonski breaks down the June CPI report, what cooler inflation means for interest rates and weighs in on claims that socialism offers a better economic model.
IBM stock falls as company issues warning on spending
‘Mornings with Maria’ host Maria Bartiromo analyzes IBM’s latest stock projections and potential impact on the U.S. markets.
Market expert warns of ‘speed bumps’ ahead amid IBM warning
Michael Lee explains IBM's significant pre-market stock drop following a Q2 earnings warning, highlighting how rising costs for AI memory and servers are impacting the company's wallet share and creating a temporary speed bump in the market.