How it started … How it’s going: Inflation down in June, but food, housing prices still up under Biden
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. President Biden Though prices remain uncomfortably high for millions of Americans, the U.S. government celebrated a victory on Thursday after inflation fell to its first decrease in four years. The U.S. Department of Labor said […]
These states have the highest foreclosure rates in the US
David Bahnsen, founder and CIO of Bahnsen Group, is examining the real estate market as young homebuyers struggle with the ongoing housing crisis. New data shows that the number of home foreclosures in the U.S. was lower in the first half of 2024 than the same period in 2023, but some states are still seeing […]
Inflation unexpectedly drops to 3% in June
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, explains why she recommends investing in stocks over bonds over the long term. Inflation rate fell more than expected in June Federal Reserve Prices remained uncomfortably high for millions of Americans. The Labor Department said Thursday that the Consumer Price Index (CPI), a broad gauge of […]
Las Vegas Mirage has $1.6M up for grabs before closure next week
See what’s clicking on FoxBusiness.com Winner winner chicken dinner. Before the final volcano erupts in front of the Mirage on the Las Vegas Strip, the resort’s casino must pay out $1.6 million to gamblers. Currently, Mirage is “Progressive Finale Cash Giveaway” The hotel will remain open until July 16th, when it will close for good. […]
Costco hiking membership fees for first time in 7 years
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. It will soon cost more to join the club. Wednesday, Costco Wholesale Announced Plans The company will raise its annual membership fees in the United States and Canada by $5 to $10 starting Sept. 1, […]
The FTC: see how many block mergers and acquisitions blocked during Biden admin
The FTC’s competition chief talks about the lawsuit to block the Kroger-Albertsons merger on The Claman Countdown. of The Biden administration The Federal Trade Commission (FTC) has used its regulatory powers on a number of occasions in recent years to challenge proposed mergers and acquisitions. The FTC’s Bureau of Competition is responsible for enforcing the […]
Homeowners have $17T in equity, but they aren’t refinancing. Here’s why
David Bahnsen, founder and CIO of Bahnsen Group, is examining the real estate market as young homebuyers struggle with the ongoing housing crisis. American homeowners own a record $17 trillion in wealth, Rising mortgage rates The economic downturn over the past two years has left many banks unable to access their own capital for refinancing. […]
Big Lots closing dozens of stores, putting survival in question
Wall Street Horizons vice president of research Kristin Short analyzes how inflation will affect U.S. consumers in “Making Money.” Discount retailer Big Lots plans to close “35 to 40” stores by the end of the year, according to a filing last month with the Securities and Exchange Commission. In A 280-page document, The company said […]
Companies are going bankrupt at the fastest pace since 2020: A ‘historic surge’
First on “Making Money,” FHN Financial chief economist Chris Low and Constance Hunter, senior advisor at MacroPolicy Perspectives, debate whether inflation or the economy will slow first. The US is experiencing a “historic surge” in corporate bankruptcies as debt-laden companies struggle to adapt to a new era of high interest rates. New figures announced S&P […]
Nearly half of Gen Z rely on financial help from parents, family: BofA survey
TikTok star Taylor Price shares why she started helping younger people manage their money and her best tips for achieving financial freedom. New Research Bank of America Surveys have found that nearly half of Gen Z adults rely on financial support from their parents or other family members to get by. According to a survey […]