Economic growth can unify voters: Vivek Ramaswamy
Former 2024 presidential candidate Vivek Ramaswamy joined “Kudlow” to discuss the return of Trump-era economic policies amid a cost-of-living crisis under President Biden. Vivek Ramaswami, a former 2024 presidential candidate and current Trump supporter, said Americans facing economic hardship can find common ground between the two parties. “Prices have gone up. Interest rates have gone […]
US household wealth hit another record in the first quarter, Fed data shows
“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss why “Bidenomics” isn’t being embraced by voters. U.S. household wealth hit a new record at the start of 2024 thanks to soaring home prices. Stock MarketAccording to a Federal Reserve report released on Friday. In its quarterly report on household and business balance sheets, the […]
May jobs report: Health care, government boosted hiring last month
Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: The U.S. economy added jobs at a faster-than-expected pace in May, driven by strong hiring in the health care and government sectors that boosted overall employment. Employer Added 272,000 jobs In its monthly payroll report released Friday, the […]
Energy bills expected to rise as summer temps climb
See what’s clicking on FoxBusiness.com People across America may have to pay more to beat the heat this summer. New predictionsenergy bills will rise by about 8% compared to last year. The National Association of Energy Assistance Administrators (NEADA) and the Energy Poverty and Climate Center (CEPC) projected on Monday that people will have to […]
US job growth jumps by 272K in May while unemployment unexpectedly rises
Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: U.S. job growth accelerated again in May, defying expectations of a slowdown even as the unemployment rate rose to its highest level in more than two years. Employers added 272,000 jobs in May, the Labor Department said in […]
An overwhelming majority of middle-class Americans say they are struggling financially
Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. The majority of middle-class Americans Financial difficulties According to a new poll, they expect it to last a lifetime. According to a survey released by the National Cost of Living Coalition, 65% of Americans who earn more […]
Painful housing shortage eases as number of homes for sale rises in May
ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” The number of Homes for Sale Transactions in the housing market are finally beginning to return to normal, helping to ease the country’s severe housing shortage. According to a new report from Realtor.com, the total number of homes for […]
Mortgage rates today Freddie Mac
Real estate investor Grant Cardon appeared on Fox & Friends to argue that now is the worst time in life to buy a house. Mortgage rates rose above the 7% threshold in the last report but fell to just below 7% this week. Interest rates remain high and are weighing on the housing market. Freddie […]
White-collar workers are struggling to find jobs as the labor market slows
Jack Otter and the Barron’s Roundtable panel discuss why job gains were lower than expected in April. US Labor Market Hiring is stabilizing after months of rapid job growth, but some workers are feeling the slowdown more than others. Recent Data According to a Vanguard survey, demand for high-income workers is declining, creating a two-tiered […]
States with highest jump in older workers as share of retirees falls in US
Joyce Fleming and Greg Piazza discuss rising costs leading back into the workforce. The share of Americans reporting retirement has fallen over the past two years, while some states have seen the share of older workers skyrocket over the same period. Analysis of Recent U.S. Census Bureau Data By LendingTree The share of adults age […]