FOX Business Briefs 9/30
All eyes on Friday’s September jobs report; Boeing has started working on a 737 MAX replacement; Spotify founder Daniel Ek leaving CEO job.
Trump administration, Federal Reserve, and CBO release conflicting economic forecasts for next four years
The Fed's interest rate cut comes amid economic uncertainty as new projections from the Fed, CBO and OMB show differing outlooks for GDP growth, inflation and unemployment through 2028.
Walmart CEO Doug McMillon says AI will change 'literally every job' in the world as retail evolves
AI will change “literally every job," Walmart’s CEO warns. The retailer, teaming with OpenAI, will train staff to adapt while keeping workforce size steady.
Lufthansa to cut thousands of jobs as it seeks to boost profitability
German aviation group Lufthansa will eliminate 4,000 administrative positions by 2030 using digitalization and process consolidation to increase efficiency.
Only 2% of Gen Z holds same values as employers: Study
'Becoming You' host Suzy Welch explains the gap in priorities between hiring managers and Gen Z and addresses what comes next on 'The Bottom Line.'
Democrats are going to pay a political price if the government shuts down, Charlie Hurt warns
Charlie Hurt and Katie Pavlich weigh in on the indictment of former FBI director James Comey, the White House eyeing a downsize in government in the case of a shutdown and President Donald Trump’s popularity in his second term on ‘Kudlow.’
Gen Z credit scores sink to record lows
A new report finds Gen Z's credit scores are plunging as a Wall Street Journal op-ed asks: "Is Gen Z unemployable?"
'Enough with the victimhood narrative, Gen Z': Tomi Lahren
OutKick's Tomi Lahren joins 'Varney & Co.' to discuss why Gen Z is avoiding marriage and why they’re not being hired for entry-level jobs.
Starbucks to close stores, cut jobs as part of turnaround strategy
Starbucks CEO Brian Niccol announces plans to close underperforming U.S. stores, cut 900 non-retail jobs and freeze hiring as part of ongoing turnaround efforts.
Employment not 'falling off a cliff': Ryan Payne
Payne Capital Management president Ryan Payne weighs in on the labor market and recent Federal Reserve rate cuts on 'Mornings with Maria.'
Chief strategist touts how one of Trump's policies 'SHAKES UP THE SYSTEM'
Simplify Asset Management chief strategist Mike Green analyzes the impact of President Donald Trump's immigration policy on the American workforce and why recent college grads are 'stifled' in today's economy on 'Making Money.'
Ford to move world headquarters for first time in nearly 70 years
Ford's new world headquarters in Michigan will span 2.1 million square feet, twice the size of the current Glass House location, and support twice the number of employees.
Spirit Airlines furloughing 1,800 flight attendants just before Christmas travel season
Nearly 1,800 Spirit Airlines flight attendants face job losses before Christmas travel season as the budget airline continues restructuring.
Business leaders warn Trump’s $100K H-1B visa fee could hurt innovation, drive talent out of US
Adding a $100,000 fee to new H-1B work visas is a "bad idea" that could cost hundreds of thousands of jobs, investor Kevin O'Leary and economist Stephen Moore caution.
O'Leary on H-1B visa fee: This will 'hurt innovation long-term'
O'Leary Ventures Chairman Kevin O'Leary explains why he does not support $100,000 fees on new H-1B work visas.
What is the Fed's outlook for interest rate cuts, inflation and jobs for the remainder of the year?
Federal Reserve policymakers projected inflation will rise to 3% in 2025 while unemployment will reach 4.5% as the central bank begins cutting rates after holding them steady all year.
Fed cuts interest rates for first time this year amid weakening labor market
The Federal Reserve cut interest rates for the first time in 2025, with the 25-basis-point reduction coming amid signs of a slowdown in the jobs market despite elevated inflation.
Trump ‘leading the charge’ to cut ticket costs, crack down on resale market: FTC chairman
FTC Chairman Andrew Ferguson warns of online radicalization, vows to protect kids in the A.I. race and crack down on ticket bots to lower costs for families on ‘Varney & Co.’
Turning Point USA says interest in working at the organization surged after Charlie Kirk’s death
The assassination of Charlie Kirk has sparked massive interest in Turning Point USA, with supporters flooding the organization with offers to help continue his mission.
Fed expected to cut rates for first time in 2025 amid Trump pressure
Fed policymakers expected to cut benchmark interest rate by 25 basis points amid labor market weakness and inflation rising further above the central bank's 2% target.