Inflation causing sticker shock at flower prices
Brides and florists are surprised at the rising prices of wedding flower arrangements. Inflation has forced newlyweds to cut costs in unexpected ways, including cutting the soaring cost of wedding flowers. According to wedding planning website Zola, the average price of a wedding in 2024 will exceed $30,000. Wedding experts blame inflation for hitting every […]
Where are high prices still hitting Americans the hardest?
Former IMF Chief Economist Kenneth Rogoff discusses the state of the economy following the July CPI report. Inflation eased again in July, even as rising rent, grocery and auto insurance costs kept prices uncomfortably high for millions of Americans. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the […]
Inflation expected to cool slightly in July report as issue becomes key issue in presidential campaign
David Bahnsen, managing partner at the Bahnsen Group, analyzes the Federal Reserve’s plans to combat inflation for Barney & Co. Get noticed Inflation Report The data is due to be released Wednesday morning and is expected to show that inflation continues to ease as the issue has come to the forefront of the presidential election […]
Theme park revenues take a dive as inflation, high costs bite
Rich Greenfield, partner at LightShed Ventures, gives more details on amusement park revenue on The Claman Countdown. Inflation and rising costs continue to strain household finances in the United States, causing some major theme park operators to see revenue declines. Disney, Universal and Six Flags all reported declines in theme park revenue for the second […]
US producer prices rise less than expected in July
The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” U.S. producer prices grew slower than expected in July as rising commodity prices were tempered by lower services prices, suggesting inflation continued to ease. The Labor Department’s Bureau of Labor Statistics said on Tuesday that the producer price […]
Middle and low income Americans running out of disposable cash: SF Fed
The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” Low and middle-income Americans are short on discretionary cash and are on track to have less than they had before the COVID pandemic upended the economy, a survey by the National Statistics Office has found. Federal Reserve System […]
LL Flooring to close 94 stores as it files bankruptcy
See what’s clicking on FoxBusiness.com Retailer LL Flooring has filed for bankruptcy and plans to close more than 90 stores, according to a filing with the U.S. Securities and Exchange Commission. The company filed for Chapter 11 bankruptcy relief in U.S. Bankruptcy Court for the District of Delaware on Sunday. The company said in a […]
Bank of America no longer seeing a recession, CEO says
Jeff Sica, founder of Circle Squared Alternative Investments, argues this week’s CPI and PPI inflation data will make or break Varney & Co.’s stock market. Bank of America CEO Brian Moynihan said over the weekend that the bank’s economists no longer believe the U.S. is heading for a recession. “Bank of America Research is no […]
Hawaiian Electric raises going concern risk over Maui wildfire settlement financing
Maui business owner Javier Cantelops talks in “Cavuto: Coast to Coast” about why the island needs to bring tourists back for business. Hawaiian Electric The company said it still had no plans to raise funds for the $1.99 billion Maui wildfire settlement it agreed to earlier this month, and cited going concern risks in its […]
Chevron exec explains HQ move from California to Texas: ‘tough place to do business’
Chevron Chairman and CEO Mike Wirth speaks with FOX Business’ Maria Bartiromo to discuss America’s energy plans, data center demand and the regulatory environment. Chevron Announcement Chevron executives said Thursday that one of the reasons they announced last week they were moving their headquarters from California to Texas is that it’s becoming increasingly difficult to […]