US home prices far outpace Americans’ paychecks. See how bad the problem is where you live
“Mansion Global” host Katrina Campins talks about the state of the housing market on “Making Money.” Rising mortgage rates and home prices have put homeownership out of reach for millions of Americans, and the home affordability crisis continues to deepen. Since the beginning of 2020, home prices have A surge of over 47% This is […]
American Airlines flight attendants ‘one step closer to a strike’: union
Thomas Hayes, chairman and managing member of Great Hill Capital, discusses American Airlines’ market performance and companies cutting prices to keep up with inflation. The National Association of Professional Flight Attendants, which represents 28,000 flight attendants, said it was “one step closer to a strike” after ongoing contract negotiations with American Airlines ended without an […]
Why we’re adding far fewer jobs than the White House claims
Jaron Martis, Director of Consumer Research at LSEG, reacts to US consumer sentiment declining for a third consecutive month on Making Money. Most Americans Unhappy with the economy They believe the country is already in recession, but the Biden administration frequently cites strong job growth as evidence that the economy is doing well. But new […]
US cities with the most homes under $200,000
Real estate investor Grant Cardon appeared on “Fox & Friends” and claimed that now is the worst time in life to buy a house. U.S. home prices have been soaring since the pandemic began and show no signs of slowing, with ordinary Americans increasingly shut out of the housing market and many would-be buyers giving […]
Gas prices are predicted to fall 10% this summer
Darius Dale, founder and CEO of 42 Macro, discusses whether the Fed’s rate cuts will impact a resilient U.S. economy on “Mornings with Maria.” Gas prices tend to rise during the peak summer driving season, but Americans may be in luck this year. As domestic demand and supply conditions eased, Gasoline prices Gasoline prices peaked […]
Hollywood Arby’s shutters doors after more than 5 decades in business following minimum wage hike
See what’s clicking on FoxBusiness.com Hungry people strolling along Sunset Boulevard in Hollywood may be wondering where their meat is after an Arby’s location closes after more than 50 years in business. On Tuesday, the fast-food restaurant’s iconic cowboy hat sign was captured by FOX 11’s Sky Fox cameras and read, “Goodbye Hollywood. Thank you […]
California fines Amazon $6M for alleged violations of warehouse quota law at 2 warehouses in the state
See what’s clicking on FoxBusiness.com The California Labor Commission has fined Amazon a total of $5.9 million for violating state law by overworking warehouse workers and endangering their safety. The two complaints, issued in May, allege that Amazon.com Services LLC violated the state’s warehouse quota law at facilities in Riverside and San Bernardino counties, the […]
Summer kicks off and hotels are understaffed
The majority of hotels across the country are understaffed, according to the American Hotel & Lodging Association. Many tourists This summer’s hotel Staff shortages can have a domino effect of lacking amenities, meaning all the services typically offered may not be available. Amenities range from clean rooms to hotel meals. nevertheless Post-pandemic Although staffing levels […]
Retail sales rise just 0.1% in May as high inflation strains Americans
Rick Rieder, chief investment officer of global fixed income at BlackRock, shared strategies for stock investors on Barron’s Roundtable and analyzed the impact of high interest rates on inflation. Americans continued to face high interest rates and rising prices for everyday items, leading them to curb spending in May. Retail SalesThe Commerce Department said on […]
New Boeing whistleblower alleges faulty parts ‘likely installed’ on planes, risking ‘catastrophic event’
Boeing engineer Sam Salehpour told lawmakers that the company was cutting corners in assembling the 787 and 777 planes, and that his superiors retaliated against him for blowing the whistle. (Photo courtesy of Senator Hawley’s Press Office) A Senate subcommittee said a new Boeing whistleblower alleges that the company’s planes were “likely to have been […]