Megan Henney
Megan Henney
FOXBusiness reporter covering economic policy. (Before: McClatchyDC & pittsburghpg) Send tips to megan.henney@foxnews.com.Source
New York City, NY
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Millennials continue to flee big cities for the suburbs

Millennials continue to flee big cities for the suburbs

As millennials begin to settle down, they’re fleeing big cities in droves, driving a huge resurgence to American suburbs in search of cheaper houses and good schools, according to Census Department figures. After years of stagnant growth in the wake of the financial crisis, suburban towns now account for 14 of the 15 fastest-growing U.S. cities with populations over 50,000, according to published in May.Towns such as Buckeye City, Arizona; Apex, North Carolina; and Frisco, Texas are now grappling with an influx of millennials, ages 23 to 38, who have been and are heading to the suburbs,...

September 28, 2019
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Uber, Lyft would owe California $413M in unemployment taxes if drivers were treated like employees, report says

Uber, Lyft would owe California $413M in unemployment taxes if drivers were treated like employees, report says

Get all the latest news on coronavirus and more delivered daily to your inbox. . If and treated their drivers as employees rather than contractors, the two companies would owe California million in unemployment insurance contributions, according to a new report.Thousands of unemployed gig workers in California  at the end of April to file for unemployment benefits. Applicants amount of $167 a week and the additional $600 a week benefit established by the massive $2.2 trillion CARES Act passed by Congress at the end of March. Ticker Security Last Change Change % UBER...

May 12, 2020
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'Dark money' surpassed $1B in 2020, mostly boosting Democrats

'Dark money' surpassed $1B in 2020, mostly boosting Democrats

Jackie DeAngelis on Biden, ‘dark money’ For years, have railed against anonymous campaign contributions as a uniquely corrupting political force — even as they benefited from a record-shattering amount of "dark " donations during the 2020 election. A report published by the Center for Responsive Politics shows that "dark money" topped $1 billion during the recent election cycle. That includes about $660 million in contributions from anonymous donors to outside groups – with about $514 million going toward liberal groups, compared to the roughly $200 million that boosted...

April 22, 2021
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Pelosi's husband bought $10M in Microsoft shares through options

Pelosi's husband bought $10M in Microsoft shares through options

Check out what's clicking on FoxBusiness.com.House Speaker 's husband purchased millions of dollars worth of and Roblox shares last month, new financial disclosures form reveal. Paul Pelosi exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, according to an April 9th filing with the House clerk. That same day, Pelosi, who owns and operates a California venture capital investment and consulting firm, paid $1.4 million for 10,000 shares valued at $140 apiece. Since Pelosi made the purchase, Microsoft share prices have climbed...

April 13, 2021
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Pelosi's husband bought $10M in Microsoft shares through options | Fox Business

Pelosi's husband bought $10M in Microsoft shares through options | Fox Business

Close the sidebarCheck out what's clicking on FoxBusiness.com.House Speaker 's husband purchased millions of dollars worth of and Roblox shares last month, new financial disclosures form reveal.Paul Pelosi exercised call options and paid $1.95 million to buy 15,000 shares of Microsoft at a strike price of $130 on March 19, according to an April 9th filing with the House clerk. That same day, Pelosi, who owns and operates a California venture capital investment and consulting firm, paid $1.4 million for 10,000 shares valued at $140 apiece.Since Pelosi made the purchase, Microsoft share...

April 13, 2021
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Biden's corporate tax hike could cost US economy 1M jobs, trade group warns

Biden's corporate tax hike could cost US economy 1M jobs, trade group warns

Rep. Debbie Dingell on Rep. Lee Zeldin, infrastructure bill, border crisis has pitched his nearly $2.3 trillion spending proposal as a vital investment in the , but the proposed tax hikes that would fund the sweeping measure could kill close to 1 million jobs.  That's according to a released Thursday by the National Association of Manufacturers, which found that 1 million jobs will disappear within two years if the president's proposed tax increases are approved. "This study tells us quantitatively what manufacturers from coast to coast will tell you qualitatively: increasing the tax...

April 8, 2021
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Yellen to push for global minimum tax rate on corporations

Yellen to push for global minimum tax rate on corporations

Treasury Secretary on Monday made the case for a global minimum rate as she pushes President Biden's plan to increase levies on U.S. corporations in order to fund his $2.25 trillion spending proposal. In a speech to the Chicago Council on Global Affairs, Yellen called for global coordination on taxes paid by multinational corporations — part of an effort to crack down on companies that relocate in search of lower rates. Yellen's comments were first reported by . "Competitiveness is about more than how U.S.-headquartered companies fare against other companies in...

April 5, 2021
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Manchin rejects Biden's corporate tax hike

Manchin rejects Biden's corporate tax hike

Sen. Joe Manchin, D-W.Va., said Monday that he does not support 's proposed tax increases on corporations as part of a nearly $2.3 trillion proposal, potentially dealing a fatal blow to a key revenue raiser included in the infrastructure initiative. Biden's plan would raise the corporate tax rate to 28% from 21% and increase the global minimum tax on U.S. companies to 21% from about 13%. The White House said the tax increases would pay for the proposed investments in the nation's roads and bridges, transit systems, schools and hospitals over the course of 15 years....

April 5, 2021
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Progressives pressure Biden to pass $10T green infrastructure, climate justice bill

Progressives pressure Biden to pass $10T green infrastructure, climate justice bill

Progressive Democrats are leaning on  to dramatically increase the size of his next big-ticket economic spending bill, unveiling on Monday a new bill that would invest $10 trillion in renewable energy, green infrastructure and climate justice initiatives over the next decade. The measure, known as the Transform, Heal and Renew by Investing in a Vibrant Economy (THRIVE) Act, aims to make a series of sweeping changes to the nation's infrastructure and echoes many aspects of the Green New Deal, including establishing a goal of 100% zero-carbon electricity by 2035, zero emissions from...

March 30, 2021
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What Biden's capital gains tax proposal could mean for your wallet

What Biden's capital gains tax proposal could mean for your wallet

ROK Group co-founder John Paul DeJoria argues if companies are overtaxed, they'll have to cut costs somewhere. is expected to propose almost doubling the rate paid by wealthy investors when they sell stocks and other assets in his next big-ticket spending bill.  Under the forthcoming proposal, dubbed the American Families Plan, the capital gains tax rate could increase to 39.6% from 20% for Americans earning more than $1 million, a source familiar with the matter told FOX Business. Coupled with an existing Medicare surcharge, federal tax rates for the wealthy could climb as high as...

April 23, 2021
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