Hundreds of Culinary Union workers go on strike at hotel near Las Vegas Strip
The volcano in front of the Mirage Hotel and Casino erupted for the last time before closing on July 17, 2024. Early Friday morning, hundreds of workers went on strike at a nearby hotel. las vegas strip. About 700 hospitality employees at Virgin Hotels Las Vegas have left after contract negotiations between the hotel and […]
Fed Chair Jerome Powell says central bank in no rush to reach ‘neutral rate’
Kenny Porcari, chief market strategist at Slate Stone Wealth, talks about Fed Chair Jerome Powell's job and what steps President Trump will take to expand Bernie & Company's economy. Federal Reserve Chairman Jerome Powell He said Thursday that central bank policymakers are in no hurry to cut interest rates to the so-called “neutral rate” and […]
Mortgage rates stall along with demand
Bill Pulte, CEO of Pulte Capital, said given rising mortgage rates, home prices will remain high until supply increases. mortgage interest rate Home prices, which have been rising for the past month and a half, have barely budged this week while purchase demand remains stagnant in a stagnant housing market. Freddie Mac's latest Primary Mortgage […]
New York Fed data shows credit card debt hit another record
Ramsey Solutions personality Jade Warshaw breaks down the latest economic data that shows consumers are racking up credit card debt amid a surge in spending. Americans' credit card debt continues to rise, hitting a new record at the end of September, according to a new report from the New York Fed. Total credit card debt […]
What cities and regions had the highest inflation in October?
“The Big Money Show” co-host Brian Bremberg breaks down Fox News' latest voter analysis poll and its likely impact on the Democracy 2024 Committee election. Americans across the country are experiencing a vastly different situation. inflation rate Consumers in the Northeast and Midwest are facing more inflation than the rest of the country, according to […]
Dockworkers’ union walks away from negotiations with East and Gulf Coast employers
CyberGuy's Kurt Knutsson discusses the longshoremen's strike for demands on The Bottom Line. of Labor union representing dock workers Port employers at Eastern and Gulf Coast ports walked away from negotiations with port employers this week, citing concerns about automation. The two countries have a mid-January deadline to reach a deal and prevent a resumption […]
Inflation rises 2.6% in October, in line with expectations
Brian Wesbury, chief economist at First Trust Advisors, reacted to Federal Reserve Chairman Jerome Powell's statement that he would not resign even if President-elect Trump asked him to “make money.” Inflation rose slightly in October while prices remained high for consumers, giving Federal Reserve policymakers more data to consider ahead of next month's meeting. Ta. […]
Wall Street bonuses expected to rise for first time since 2021: report
“Varney & Company” host Stuart Varney analyzed the stock market's reaction to President-elect Trump's victory over Vice President Kamala Harris. wall street companies Bonuses are expected to increase this year for the first time since 2021, according to a report from compensation consulting firm Johnson Associates. Deal-making has picked up in recent months, with the […]
1.4M Honda vehicles under investigation following concerns of engine failure
See what's being clicked on FoxBusiness.com. The U.S. government's Highway Safety Administration is investigating up to 1.4 million Honda and Acura vehicles after receiving complaints that their engines could fail. The investigation by the National Highway Traffic Safety Administration includes Honda Pilot and Acura MDX models from 2016 to 2020, as well as Honda Odyssey […]
How Trump’s second White House term could impact the economy
Pennsylvania restaurateur Matt Flinchbaugh spoke on The Big Money Show about how his business has fared under the Biden administration. It's been less than a week since Donald Trump was declared the winner of the 2024 presidential election, but investors have high hopes for the president-elect's second term in the White House. On Monday, the […]