Nissan, Honda announce plans to consider merger
Automotive expert Mike Caudill joins Kabuto: Coast to Coast to discuss the potential Honda-Nissan merger and how it could impact the brand. Masu. Japanese automakers Nissan and Honda have agreed to consider a merger and form a joint holding company to create the world's third-largest automaker. The companies said in a statement Monday that they […]
In-person shopping makes a comeback amid record-spending holiday season
Total holiday spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation. Total spending this year is expected to be at least $24 billion higher than last year, according to the National Retail Federation, which says shoppers are ready to drop the cash this […]
Amazon strike expands to Staten Island, New York, warehouse
Teamsters President Sean O'Brien is calling on Amazon to “negotiate” better wages for union members and days before the end of the year's busy season. Amazon workers at a warehouse in Staten Island, New York, will join thousands of disgruntled workers Friday as a strike against the retail giant enters its second day. Teamsters said: […]
Labor force participation among US-born American men has plunged amid soaring immigration: analysis
Todd Bensman of the Center for Immigration Studies discusses the costs of illegal immigration in “The Bottom Line,” as the issue takes center stage in Congressional budget battles. Sounding the alarm on the issue, a new analysis finds that Native American men are fleeing the workforce in droves in a decades-long trend that coincides with […]
Fed’s preferred inflation gauge came in less than expected
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about his “anxiety” over President Trump's anticipated Bernie & Co. tax cuts. The Fed's gauge of inflation fell below expectations in November but remains above the central bank's target level as it continues its efforts to rein in inflation. The Commerce Department said Friday that […]
Mortgage rates rise, hitting demand
Kudrow panelists Steve Forbes, David Bahnsen and Jackie DeAngelis shed light on the state of the U.S. economy as we head into the new year. Overall demand fell this week as mortgage rates rose and more Americans were hesitant to refinance. Freddie Mac's latest Primary Mortgage Market Study, released Thursday, found that the average benchmark […]
Teamsters union launches historic nationwide strike against Amazon
Liz Bentley, president and founder of Liz Bentley Associates, discusses the benefits of remote work as some companies ask employees to return to the office full time. Thousands of Amazon workers across the country organized under the Teamsters union will take to the picket line at 6 a.m. Thursday after the company “repeatedly refuses to […]
Social Security’s full retirement age increasing in 2025
Ramsey Solutions personality Jade Warshaw explains how to get the most out of your Social Security check and more on “The Bottom Line.” Social Security's “full retirement age” is set to rise next year, meaning people nearing retirement will have to wait a little longer before they can claim larger benefits. When the Social Security […]
Federal Reserve cuts interest rates by quarter-point in December
The Fed is widely expected to cut interest rates for the third time this year. The Federal Reserve on Wednesday announced its third straight interest rate cut, cutting its benchmark interest rate by 25 basis points, following economic data showing that inflation remains above the central bank's target rate. The 25 basis point rate cut […]
Trump, Softbank CEO to announce $100B investment in critical infrastructure, AI
Incoming White House press secretary Caroline Levitt commented on President-elect Trump's investments in U.S. industry, Mitt Romney's recent supportive comments, and the tech CEOs flocking to Mar-a-Lago. President-elect Donald Trump and SoftBank CEO Masayoshi Son will announce a $100 billion investment in critical infrastructure and artificial intelligence on Monday, the incoming White House press secretary […]