Boeing to cut 10% of workforce, halt most 767 production amid labor union strike
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Boeing plans to lay off 10% of its workforce, or about 17,000 people, and cut production in the coming months as union strikes continue. Chief Executive Officer Kelly Ortberg, who […]
JPMorgan’s Jamie Dimon warns of ‘critical issues’ that could affect US economy
JPMorgan Chase CEO Jamie Dimon talks about the Federal Reserve's interest rate trajectory, the 2024 economy, looming banking regulation, and artificial intelligence. JPMorgan Chase & Co. CEO Jamie Dimon on Friday warned investors about the current risks to the global economy, noting in particular the “significant challenges” facing the United States. “We have been closely […]
Wholesale prices unchanged in September
FOX News national correspondent Brian Jenas reported on “Evening Edit” how former President Trump is berating Vice President Kamala Harris on the economy. U.S. producer prices were unchanged in September, indicating the outlook for inflation remains positive and confirming expectations that the Federal Reserve will cut interest rates again next month. The Labor Department's Bureau […]
These are the most costly hurricanes in US history
Bradenton, Florida Police Chief Melanie Bevan talks about the devastation caused by Hurricane Milton on “Kabuto: Coast to Coast.” hurricane season The United States is dealing with the aftermath of a series of devastating and deadly hurricanes, and serious measures are being taken. The southeastern United States has been battered by back-to-back hurricanes in recent […]
Over 3 million people in FL are without power
Dr. Kevin Olsen of Tampa, Florida joins Varney & Company. Learn more about the widespread damage Hurricane Milton caused in your community. Hurricane Milton hit Florida on Wednesday night, leaving more than 3 million residents without power. Officials are pleading for patience as crews work around the clock to restore the lights. hillsborough county, home […]
US unemployment claims rise more than expected in wake of Hurricane Helene
FOX Business' Lydia Hu details the impact of Hurricane Helen on Varney & Company. Last week, the number of Americans filing for unemployment benefits was much higher than expected, hitting a 14-month high. hurricane helen. Economists say Hurricane Milton, which hit Florida overnight, is likely to further impact the job market in the short term. […]
September CPI: What food items saw the largest price hikes and declines
Economist Steve Moore examines the U.S. economic outlook in “The Bottom Line.” American consumers continue to face challenges such as: rising inflation Although rising food prices continue to put pressure on household budgets, the pace of inflation is slowing. The Labor Department on Thursday released the Consumer Price Index (CPI) for September, a broad measure […]
High winds, flooding from Hurricane Milton cause massive damage in Florida
FOX Business' Lydia Hu details the impact of Hurricane Helen on Varney & Company. Hurricane Milton raged through central Florida overnight, causing severe damage with high winds and flooding. Damage assessments across the state affected by the hurricane began Thursday morning, but it could be some time before the full extent of Milton's economic damage […]
Mortgage rates surge higher, further hurting demand
“Global Mansions” host and real estate expert Katrina Campins offers her best tips for strengthening your housing portfolio and weighs the impact on the market under a future Trump or Harris administration. Mortgage rates rose significantly this week, and demand fell for the second week in a row. Freddie Mac's latest Primary Mortgage Market Study, […]
Hurricane Milton hampers gasoline supply chain
Florida Democratic Rep. Jared Moskowitz reveals how the state is responding to the threat of Hurricane Milton in Kabuto: Coast to Coast. hurricane milton Residents in areas affected by the life-threatening storm that made landfall in Florida late Wednesday night may experience disruptions to gasoline supplies until the storm passes and shipments resume. gas shortage […]