Economy

Vivek Ramaswamy’s firm says its pro-energy fund exceeded $100 million one week after launch

NEWYou can now listen to Fox News articles! Entrepreneur and author Vivek Ramaswamy says his newly-launched fund aimed to bolster US energy production has already raised over $100 million. Last week, Ramaswamy’s Ohio-based asset management firm Strive unveiled an exchange-traded fund DRLL which aims to be an energy index fund to combat the woke ESG …

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Kemp will hand out up to $1.2B in cash to poorer Georgians

ATLANTA (AP) — Gov. Brian Kemp said Monday he will spend up to $1.2 billion in federal COVID-19 aid on payments of $350 apiece to more than 3 million Georgians who benefit from Medicaid, subsidized child health insurance, food stamps or cash welfare assistance. The payments will start in September, said Katie Byrd, a spokesperson …

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Gold, silver down amid weak China economic news, bearish outside markets

Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Gold and silver prices are solidly lower in midday US trading Monday, on demand concerns for the …

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Opinion: Fully remote work could soon disappear

For more than a year, workers have held the advantage in a historically competitive labor market. But a looming economic downshift threatens to reverse the balance of power from employee back to employer. Although seen as a necessity during the pandemic, some business leaders doubt the current level of remote work is sustainable. And they’re …

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‘Now hiring’: US firms struggle to find workers

Salespeople, food servers, postal workers — “Help wanted” advertising is proliferating across the US, as employers are facing a worker shortage caused by the COVID-19 pandemic, early retirements and restrictive immigration laws. More than 10 million openings went unfilled in June, US government data showed, while fewer than 6 million Americans were seeking work, even …

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ABC’s Jon Karl on Inflation Reduction Act’s name: ‘Orwellian’

ABC News anchor Jon Karl pressed top White House spokesperson Karine Jean-Pierre on Sunday about whether it was “Orwellian” to refer to a Democrat-backed spending bill as the “Inflation Reduction Act.” Karl noted recent analysis from the non-partisan Congressional Budget Office. Despite its legislation’s branding, the CBO found the recently passed bill would have a …

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