Fox Business Briefs 5/22
BJ’s Wholesale Club results strengthen; Walmart to cut 1,500 corporate jobs. Canadian banks brace for trade uncertainty; Strava clinches valuation of $2 billion+; EasyJet sees strong demand.
JPMorgan CEO Jamie Dimon allows bitcoin trading despite not being a fan of it
'The Big Money Show' weighs in on JPMorgan CEO Jamie Dimon's policy regarding bitcoin trading, the Senate advancing the GENIUS Act and cryptocurrency under the Trump administration.
Fed's Waller is 'more optimistic' on tariffs than before
Federal Reserve Governor Christopher Waller sits down with FOX Business White House correspondent Edward Lawrence to discuss the impact of President Donald Trump's tariffs on the U.S. economy and his outlook for rate cuts.
Expert explains how China could be impacted by Trump's Iranian oil sanction threat
Former Reagan National Security Council senior director Roger Robinson on President Donald Trump threatening sanctions on those buying Iranian oil, concerns over U.S. university partnerships with China and CATL's Hong Kong stock exchange debut.
US is moving to a 'faster growth model,' former World Bank president says
Former World Bank President David Malpass talks market uncertainty over tariffs, his economic outlook, the reconciliation bill and more.
Get ready for market dips to be bought 'aggressively,' expert signals
SlateStone Wealth's Kenny Polcari and Key Advisors Wealth Management CEO Eddie Ghabour analyze the state of the economy and whether or not to buy market dips.
Trump needs to show Xi Jinping he's not afraid of the Chinese, Gordon Chang says
Gatestone Institute senior fellow Gordon Chang weighs in on China placing anti-dumping duties on U.S. plastics, President Donald Trump's reason for offering a deal with them and the left-wing candidate leading the South Korean election.
Bessent says Walmart will absorb 'some tariffs' after speaking with retailer's CEO
Treasury Secretary Scott Bessent on Sunday said he spoke with Walmart CEO Doug McMillon, who said the company with absorb "some of the tariffs."
Trump, UAE leaders agree to $200 billion in new deals amid historic visit: 'Enhancing market access'
President Donald Trump facilitated major U.S.-UAE deals during his trip to the country, according to the White House.
Jamie Dimon says a recession is still a possibility: 'I wouldn’t take it off the table at this point'
JPMorgan Chase CEO Jamie Dimon said that while he hopes the U.S. will avoid a recession, it remains a possibility if tariffs weigh on economic activity.
California approves State Farm's request for double-digit insurance rate hike
The state of California approved State Farm's request for an emergency 17% increase in homeowners insurance rates as the company deals with financial challenges after the Los Angeles wildfires.
90 day tariff pause not a 'long runway,' Port of LA chief warns
Port of Los Angeles Executive Director Gene Seroka breaks down the activity in the port amid trade negotiations with China, the impact of the 90-day tariff pause on shipping and dock worker jobs.
Charles Payne: America's spending could lead to our demise
'Making Money' host Charles Payne discusses the evolution of global trade in China.
US-UK trade deal a 'good solid start,' Farage says
Former U.K. Brexit Party Leader Nigel Farage reacts to the trade deal between the United States and the United Kingdom and weighs in on the negotiations between President Trump and the European Union.
US economy could still see a 'technical recession': EJ Antoni
Unleash Prosperity senior fellow EJ Antoni analyzes the Republican tax bill and the state of the U.S. economy on 'Varney & Co.'
White House slashes 'de minimis' tariffs on China to 54%
An executive order signed by President Donald Trump is slashing the "de minimis" tariff on cheap goods from China "from 120 percent to 54 percent."
Egg prices decline for first time in months amid avian flu outbreak
Egg prices declined in April for the first time in months, per the April consumer price index, as efforts to boost supplies via imports have helped mitigate a bird flu outbreak.
Tariffs on the auto industry could take a hit on car insurance rates
Getting behind the wheel is about to get more expensive, with tariffs poised to raise the price of car insurance by nearly 10% later this year.
Trump touts economic progress in Saudi Arabia speech
President Donald Trump highlighted his administration's economic policies in remarks during his Middle East trip.
Trump says US moving past 'days of economic misery' on Middle East trip
President Donald Trump said his administration's economic agenda is moving the U.S. forward in a speech delivered in Saudi Arabia as he looks to attract investment from the Middle East.