Fed delivers, stocks rise, Walmart, Target price wars

Fox News contributor Gary Kaltbaum and former head of the Trump Office of Management and Budget Vance Ginn discuss the latest economic developments from the Federal Reserve and the White House.

Federal Reserve Chairman Jerome Powell did not disappoint… Wall Street was thrilled.

Vice President Kamala Harris has officially accepted her nomination as presidential candidate at the Democratic Party Convention, but her promise to raise corporate taxes is not met with approval by everyone.

Walmart and Target want to win you as a customer and are lowering their prices to do so.

A CEO must commute over 1,770 kilometers to get to his new job.

All bodies missing after the yacht tragedy off the coast of Italy have been recovered, including that of British billionaire Mike Lynch.

Do you want to become rich? Then you need a lot of money.

RECORDS IN SIGHT: US stocks closed just below their record highs after Federal Reserve Chairman Jerome Powell said the long national nightmare of higher interest rates would soon end…More about the markets. Powell presented the current situation in a speech to the Kansas City Federal Reserve Symposium in Jackson Hole, Wyoming…Read more here.

VIDEO: One-on-one conversation with the President of the Federal Reserve Bank of Chicago.

YELLOW METAL: Gold prices continue to rise, just below their all-time high of $2,508.40 per ounce. If you own a heavy gold bar, you could be sitting on an unexpected windfall…Read more here.

RACE FOR THE WHITE HOUSE 2024

VIDEO: Not everyone believes that the Fed is on the ball.

THE ETF REPORT: KEY INSIGHTS

CHICAGO’S CORPORATE EXODUS: Vice President Kamala Harris officially accepted her party’s nomination as presidential candidate at the Democratic Party Convention in Chicago to great applause. Outside the city, however, large companies have left the city due to crime and taxes…Read more here. Residents elsewhere have also announced their withdrawal…Read more here.

VIDEO: Leon Panetta says Vice President Kamala Harris can take on Trump.

TAX INCREASES: Vice President Kamala Harris is also promising to raise the corporate tax rate well above 21%, where former President Trump left it. Read more here.

VIDEO: Why raising corporate tax rates could backfire.

PRICE WARS: Inflation may be easing, but Walmart and Target are playing it safe by increasing their value offerings Read more here. Meanwhile, Walmart shares hit another record high this week…check here.

VIDEO: Walmart’s CFO explains why business is booming.

COMMUTING IN THE NEW WORLD: Starbucks’ new CEO lives in California and plans to commute to Seattle after taking office, even though it’s only over 1,700 kilometers away.…Read more here.

VIDEO: Starbucks’ new CEO has a lot of work ahead of him.

TRAGEDY AT SEA: The bodies of all victims have been recovered after an unusual weather pattern sank the superyacht Bayesian off the Italian coast…Read more here. The trip was a celebration following the acquittal of British businessman Mike Lynch, also known as Britain’s Bill Gates.…Read more here.

VIDEO: More on the downfall of the Bayesian.

The 1% Club: Do you want to be part of the 1%? That’s how much you need to be considered rich…Read more here.

DON’T MISS: The FOX Business Rundown Podcast – more podcasts here.