Who added more to the national debt, Biden or Trump?
Former Council of Economic Advisers Chairman Jason Furman and Strategas Securities Chairman and CEO Jason Trennert appeared on “Kudlow” to discuss growing concerns about slowing U.S. economic growth. With great fanfare and a lack of context or anything beyond linear thinking, Hill recently The article was titled “Trump Added Twice as Much to the National […]
Boeing agrees to buy Spirit AeroSystems for $4.7B to address safety concerns
A briefing was held in Renton, Washington, on Tuesday in which details of the supplier’s “deficiencies” were outlined. Boeing on Monday announced a deal to acquire Spirit AeroSystems for $4.7 billion, aiming to address and resolve recent safety concerns. Boeing said in a news release that it will pay $37.25 a share to acquire Spirit […]
John Deere announces mass layoffs in Midwest amid production shift to Mexico
See what’s clicking on FoxBusiness.com John Deere, the world’s largest distributor of tractors and crop harvesting equipment, announced on Friday that it would lay off about 610 production staff at plants in Illinois and Iowa by the end of the summer, according to reports. The company is cutting about 280 jobs at its plant in […]
The ‘Great Hesitation:’ Fewer Americans are switching jobs lately as labor market cools
Crossmark Global Investments’ Chief Market Strategist Victoria Fernandez analyzes the state of the consumer ahead of the “money grabs” FOMC meeting in June. Over the past few years, tens of millions of Americans have switched jobs, lured by big pay raises and abundant job opportunities, a trend economists have dubbed “the Great Quitting.” But as […]
Mortgage rates fall slightly to 6.86%
James Bullard, former president and CEO of the Federal Reserve Bank of St. Louis, looks ahead to the next interest rate decision, analyzes employment data, and reacts to Chair Yellen’s housing development policy. Mortgage rates were mixed this week, with the standard 30-year note rate declining slightly for the fourth straight week, while shorter-term rates […]
Even Americans earning more than six figures are worried about their finances
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, explains why she recommends investing in stocks over bonds over the long term. A new survey released by the Federal Reserve Bank of Philadelphia finds that Americans earning six-figure salaries are increasingly worried about making their monthly payments. of investigation The survey found that more than […]
US auto sales projected to slump in June due to disruption from CDK outage
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. U.S. new vehicle sales are expected to fall this month compared to June 2023 due to an outage at software provider CDK Global that affected dealerships across the country, according to a new report. […]
US housing affordability might not improve without a recession: BofA
James Bullard, former president and CEO of the Federal Reserve Bank of St. Louis, looks ahead to the next interest rate decision, analyzes employment data and reacts to Yellen’s housing development policies. The home affordability crisis that has plagued the U.S. housing market for the past three years isn’t likely to improve until at least […]
Small business owners are being squeezed by rising rents
Former investment banker Carol Ross and Grover Norquist, president of the American Tax Reform Institute, evaluated President Biden’s economic policies on “The Evening Edit.” Small business owners have been hit hard over the past three years by rising prices and a critical labor shortage. Now they face a new hurdle: rising rents. A new study […]
Fed’s Bowman sees no interest rate cuts this year
“The Craman Countdown” panelists Kate Moore and Joseph LaVorgna predict the Federal Reserve’s interest rate movements and yield curve normalization. Federal Reserve Governor Michelle Bowman said Tuesday that the central bank does not plan to cut interest rates before the end of the year and is prepared to raise rates again if inflation progress stalls. […]