Lithium discovered under California’s Salton Sea could be boon for US supply
A large lithium deposit has been discovered beneath California's Salton Sea. FOX Business Correspondent Max Gauden talks about concerns about the mining plan and its environmental impact. The discovery of large amounts of lithium in California's Salton Sea region could boost the domestic supply of the mineral, which plays a key role in lithium production. […]
Price gap between new and used car prices hits all-time high
FOX Business' Jeff Flock reports on the latest news coming out of the auto industry as data shows insurance prices are rising year-over-year. The gap between the new and used car markets is wider than ever, according to new data from Edmunds. car shopping guide latest analysis Data released this week shows that the average […]
October jobs report to arrive days ahead of Election Day, Fed’s rate cut decision
Vanlion Capital Management CEO Shana Cissell and Bullseye American Ingenuity Fund Portfolio Manager Adam Johnson discuss Meta and Alphabet's earnings and how a divided government will affect stocks. The Ministry of Labor is scheduled to release its report. job report Economic data for October will be released on Friday, the last major economic data ahead […]
Fed’s favored inflation gauge showed price growth continued to slow in September
Key Square Group founder Scott Bessent and America First Policy Institute chief economist Michael Faulkender discuss former President Trump's policies regarding Kudlow. Inflation measures closely watched by Fed policymakers continued to slow in September as the pace of price increases trended closer to the Fed's September target. The Commerce Department said Thursday that the personal […]
Mortgage rates march higher | Fox Business
David Bahnsen, Managing Partner of Bahnsen Group, discusses market volatility and analyzes the real estate market on The Big Money Show. Mortgage rates continued to rise this week as demand in the stagnant housing market remained largely flat. Freddie Mac's latest Primary Mortgage Market Study, released Thursday, found that the average benchmark interest rate 30 […]
Why are consumers pessimistic about the economy while inflation is cooling?
Former Bank of America Vice Chairman Keith Banks speaks on “Morning with Maria'' about the state of inflation, fiscal year end, and PCE's September release. Inflation hit a 40-year high just over two years ago and has cooled significantly since then, and while the labor market remains resilient despite high interest rates, U.S. consumers remain […]
US economy added 12,000 jobs in October, well below economists’ expectations
FOX Business' Stuart Barney examines why most Americans are dissatisfied with their financial situation even as the U.S. economy thrives. U.S. job growth slowed in October, well below economists' expectations, but the unemployment rate remained flat. The Labor Department reported Friday that employers added 12,000 jobs in October, well below the 113,000 increase expected by […]
IRS increases contribution limits for 401(k), some other retirement plans for 2025
In “The Bottom Line,” President Trump donor Norm Champ details how the Biden-Harris rule is hurting Americans' retirement savings. of Internal Revenue Service (IRS) announced Friday that it will increase the amount individuals can contribute to 401(k)s and other retirement plans to account for inflation. Each year, the IRS reviews the tax thresholds and limits […]
El-Erian: Interest rates, inflation moving in right direction, but lower prices ‘not going to happen’
Key Square Group founder Scott Bessent and America First Policy Institute chief economist Michael Faulkder discuss former President Trump's policies regarding Kudlow. A prominent economist and educator warns that Americans, weighed down by the highest inflation rate in 40 years, are unlikely to see lower prices in the future. Mohamed El-Erian, Allianz's chief economic adviser, […]
Manufacturing sector sheds 78K jobs in last three months
Michigan Senate Republican candidate Mike Rogers expressed confidence that Trump and Congressional Republicans will win a majority in the election and detailed his priorities for protecting Detroit's auto industry. of manufacturing industry Job cuts continued in October, with 78,000 jobs lost in the past three months. The Department of Labor's Bureau of Labor Statistics announced […]