Two-thirds of middle-income Americans say they are falling behind due to cost of living
In “Making Money,” Piper Sandler Chief Global Strategist Nancy Lazard explains how hardworking Americans are faring amid record inflation. A majority of middle-income Americans say they are struggling to keep up financially as inflation remains high for years in the U.S., with two-thirds reporting they feel left behind by the rising cost of living. it […]
Homes are now unaffordable in about 80% of the U.S.
Taylor Morrison CEO Cheryl Palmer speaks on “The Craman Countdown” about the headwinds the housing market is facing following a drop in existing home sales in August. In the United States, soaring mortgage rates and rising home prices are putting homeownership out of reach for millions of Americans and making homes increasingly expensive. This is […]
Lawsuit filed against Philadelphia for mandating in-office work for full-time city employees
See what’s clicking on FoxBusiness.com The union representing thousands of Philadelphia city employees has filed a lawsuit to block Democratic Mayor Sherrell Parker’s demand that full-time city employees work five days a week starting this month. The American Federation of State, County and Municipal Employees’ 47th District Council argues in a lawsuit filed Monday that […]
Delta flight from Detroit to the Netherlands diverted over spoiled food
Delta Airlines Flight 604 caught fire after landing at Seattle-Tacoma International Airport on Monday, May 6. (Courtesy of Port of Seattle/Seattle Airport/LOCAL NEWS X/TMX) A Delta Airlines flight from Detroit to Amsterdam was diverted early Wednesday morning after a passenger ate spoiled food. “Delta Flight 136 from Detroit to Amsterdam was diverted to New York’s […]
Private companies added just150,000 jobs in June, less than expected
Construction is booming in states such as Arizona, California, Florida and Texas. U.S. companies started hiring more slowly than expected in June, according to the ADP national employment report released Wednesday morning, signaling that the labor market continues to cool on the back of rising interest rates. The company will create 150,000 jobs Last month’s […]
How it started… How it’s going: July 4 BBQ costs flare up under Biden
FOX Business’ Madison Alworth talks about the cost of a Fourth of July barbecue on “Varney & Co.” Americans are paying record high prices to host Fourth of July barbecues this year, as inflation remains as high as the weather. According to the American Farm Bureau Federation (AFBF), the cost of a traditional Fourth of […]
Driving on the Fourth of July? What you can expect to pay for gas
Sen. Kevin Cramer, R.N.D., breaks down President Biden’s energy push against “Kudlow.” Motorists filling up their tanks on the Fourth of July will see the lowest holiday gas prices in three years, according to a research firm. Tuesday Forecast From GasBuddy. The company predicted that people nationwide will have to pay an average of $3.49 […]
Americans’ student loan balance tops $1.6 trillion; nearly half of borrowers haven’t resumed payments
Rep. Virginia Foxx (R-Ill.) said on “The Evening Edit” that students will take on more debt in the future, thinking taxpayers will pay it back. Student loan borrowers U.S. banks are taking their time to resume repayments after the last pandemic-related payment pause expired late last year. Repayments for federal student loan borrowers were suspended […]
Fed’s Powell says prices are ‘back on disinflationary path,’ but more confidence is still needed
Investors are closely watching comments from central bank governors for clues about future interest rate movements. Chairman of the Federal Reserve System Jerome Powell The Federal Reserve chairman said Tuesday that policymakers have made “substantial” progress in fighting inflation but need to see more evidence before they start cutting interest rates. Speaking at a central […]
Six Flags merges with Cedar Fair to become largest amusement park operator in North America
See what’s clicking on FoxBusiness.com Six Flags Entertainment Corporation announced that it has merged with Cedar Fair Entertainment Company to create North America’s largest amusement park operator with 42 new parks across the United States, Canada and Mexico. The merger, which closed Monday, values the company at an estimated $8 billion and “combines Cedar Fair’s […]