Business

Private sector added 44,000 jobs in July, below expectations, ADP says

Companies in the private sector added 44,000 jobs in July, payroll processing firm ADP said in its latest report on Wednesday. The figure is below economists’ estimates of a gain of 70,000 jobs and down from the prior month’s revised 95,000 payrolls figure.”Job-changers are highly sensitive to real-time economic conditions,…

MIKE DAVIS: FCC finally takes on one of Washington’s dumbest media rules

Some government regulations become outdated. Others become absurd. The FCC’s national television ownership cap has become both. For decades, Washington banned local television broadcast groups from reaching more than 39% of American households. The rule was built for a media world from the last century–a world of limited viewing options,…

New York’s wealthy rush to avoid Mamdani’s second-home tax

Wealthy New Yorkers are seeking exemptions to Mayor Zohran Mamdani’s second-home tax, with thousands filing applications to avoid the levy. New York City Hall confirmed to FOX Business that as of Monday, about 4,800 property owners have started the process of applying for an exemption to the pied-à-terre tax. Of…

McDonald’s says US sales slowed after value deal push fell short

McDonald’s sales growth came in slower than expected when the company released its second quarter earnings on Tuesday, with leaders pointing to execution lapses they say hampered its push to promote value deals aimed at lower-income consumers. CEO Chris Kempczinski said that weak promotion of value deals and a pullback…