US economy added 142,000 jobs in August, missing expectations
Strategas Chairman and CEO Jason Treynort discusses the revised CPI, real wage and employment data, and the Harris tax increase plan. U.S. job growth accelerated in August but fell short of economists' expectations and the unemployment rate remained little changed. The Labor Department said on Friday that payrolls rose by 142,000 in August, well above […]
Surge of foreign-born workers remake American jobs market
AFPI Chief Economist Michael Vogtunder will share his views on the U.S. economy at Kudlow's speech. The surge in legal and illegal immigration under the Biden-Harris administration is dramatically changing the overall composition of the U.S. job market. The large increase in immigrant workers has helped ease the labor shortage, but it has also pushed […]
The US job market is worse than it looks, according to a veteran recruiter
Former Trump administration economist Stephen Moore has analyzed what that could mean for the macroeconomy if job growth has been significantly overestimated. Economists largely agree that the labor market is “cooling,” but one recruitment industry veteran says that's a significant understatement. Brian Howard is founder and president of The Howard Group, a boutique recruiting firm […]
Mortgage rates stall as home sales remain ‘lackluster’
Fox News real estate reporter Katrina Campins argues that something needs to happen in the housing market because supply issues are crippling the industry. Longer-term mortgage rates remained unchanged this week, while shorter-term mortgage rates fell slightly, but this was not enough to stimulate demand. Freddie Mac's latest primary mortgage market survey released Thursday showed […]
Private sector job growth cooled to 99,000 in August as new jobless claims dip
Strategas Chairman and CEO Jason Treynort discusses the revised CPI, real wage and employment data, and the Harris tax increase plan. U.S. private sector payrolls fell more than expected in August as the labor market continued to cool amid high interest rates, according to the ADP national employment report released Thursday morning. Businesses added 99,000 […]
The US dollar’s demise has been exaggerated, J.P. Morgan report finds
Tracy Shuchart, CEO and chief market strategist at Hilltower Resource Advisors, discusses in Making Money whether gold or cryptocurrencies could replace the US dollar as the world's reserve currency. A new report from J.P. Morgan states: The status of the US dollar The rise of competing alternative currencies is bringing about the end of the […]
Job openings fall to lowest since January 2021
Former Trump administration economist Stephen Moore has analyzed what that could mean for the macroeconomy if job growth has been significantly overestimated. U.S. job openings fell more than expected in July to the lowest level in more than three years, the latest evidence of a cooling labor market. U.S. job openings fell to the lowest […]
Volvo reverses goal to make only EVs in 2030
Barron's Roundtable panelists discuss why some automakers are scaling back their plans to roll out electric vehicles. Volvo on Wednesday Electric Vehicles The company said it expects to continue offering hybrid models as part of its lineup through 2030. The Swedish company and other automakers see demand for EVs slowing as price-conscious car buyers turn […]
US Steel CEO warns failed sale to Nippon Steel would lead to steel mill closures
FOX Business' Jeff Flock reports from Doylestown, Pennsylvania with more from Cavuto: Coast to Coast. The CEO of U.S. Steel has warned that the company would be forced to close steel mills if a pending $14 billion investment goes ahead. Acquisition by Nippon Steel It falls. U.S. Steel CEO David Barritt said: of The Wall […]
Mega Millions jackpot rises to $740 million after no grand prize winner
See what's clicking on FoxBusiness.com. of Mega Millions Jackpot No tickets matched the winning numbers in Tuesday night's drawing, raising the prize to an estimated $740 million. The winning numbers drawn on Tuesday were 12, 41, 43, 52 and 55, with the Mega Ball being 9. The Megaplier was 4x. No one won the estimated […]