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Russia suspends oil exports through Druzhba pipeline, leading to price increases
Russia is suspending crude oil exports through its Druzhba pipeline, leading to price increases. Huang The flow of oil is cut off to Hungary, Slovakia, and the Czech Republic. Russia is suspending crude oil exports through its Druzhba pipeline, leading to price increases. The flow of oil is cut off to Hungary, Slovakia, and the Czech Republic. Russian oil company Transneft blamed its counterpart in Ukraine for the situation, telling Russian state-owned news agency RIA Novosti that the Ukrainian...
Updated: 08/09/2022
Americans with less than $75,000 likely to get 60% more tax audits under Democrats' spending bill
... increases under the legislation. The bill states that it isn't intended to increase rates for taxpayers who aren't in the top 1% of earners. William McBride , the vice president of federal tax and economic policy at the nonpartisan Tax Foundation , told FOX Business there is a language in the bill that provides some guidelines, but it is not a guarantee. The intent of the increased spending is not to target those earning less than $400,000. The word intent is somewhat squishy. Most of the returns report ...
Updated: 08/09/2022
Snap reportedly planning layoffs
... statement on the matter. In May, Snap CEO Evan Spiegel told employees that the company would slow hiring for the year. Spiegel said that the company's second-quarter earnings report did not reflect the company's ambition. He said that we are changing our business and strategy to reshape revenue growth, including innovating on our products, investing heavily in our direct response advertising business, and cultivating new sources of revenue to help diversify our topline growth. In incredibly challenging ...
Updated: 08/09/2022
Breweries in Mississippi cut jobs, pay more for CO2
... supplies until September or October. Night Shift Brewing in Massachusetts is the first brewery to announce it is cutting its workforce because of the shortage. The Jackson Dome is owned by the energy company, Denbury Inc. In a written statement to Fox Business , the company says : The CO 2 produced at Jackson Dome has been produced and is being produced within all regulatory requirements, and the composition of the delivered CO 2 continues to meet contractual specifications. Denbury and our industrial ...
Updated: 08/09/2022
Man who bought Mega Millions ticket still wins big
... Virginia Lottery , Malcolm Meredith , of Manassas, Virginia, bought a lottery ticket for the May 20 Mega Millions drawing. Soon after the drawing, he showed his ticket to a person who told him it wasn't a winner, according to an Aug. 4 press release. FOX Business reached out to the Virginia Lottery for comment. The agency revealed on its website that Meredith 's ticket had matched the first five numbers of the Mega Millions drawing, but not the Mega Ball number. Meredith held onto the ticket and weeks ...
Updated: 08/08/2022
UBS's senior Portfolio manager explains why markets aren't tumbling
UBS Managing Director and Senior Portfolio Manager Jason Katz explained why he believes markets weren't tumbling on Monday after the Senate passed the Democrats' social spending and taxation bill after the House passed the Obama' life bill after a marathon vote-a-rama session that lasted more than 15 hours. UBS Managing Director and Senior Portfolio Manager Jason Katz explained why he believes markets weren't tumbling on Monday after the Senate passed the Democrats' social spending and taxation...
Updated: 08/08/2022
Disney World ticket price increases have increased by 3,871% since 1971, chart shows
... The chart appears to have been posted in October 20121. There have been reported increases for 2022 and already for single-day tickets for 2023 because of the fact that it does not account for price increases since it went up. Disney reached out to Fox Business for comment on the chart, but they didn't respond immediately. The chart shows that prices began rising at a more drastic rate in the early 1980s, according to an email to Fox Business , Tilmans explained why that could be the case. One thing ...
Updated: 08/08/2022
Papa John's ex-chairman says Papa John has lost their way
... culture, we were voted the best place to work in Kentucky, Schnatter said. Papa John debunked every element of the Left 's ideology. I had a huge target on my back just by being the American dream and the people around me living the American dream. Fox Business reached out to Schnatter for additional comments and Papa Johns for a response to Schnatter's claims, but neither immediately responded. The company has recently been distancing itself from Schnatter. In addition to the rebranding as Papa Johns ...
Updated: 08/08/2022
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