Person at Amsterdam airport dead after falling into KLM plane engine
See what’s clicking on FoxBusiness.com A man died Wednesday after falling inside a KLM Royal Dutch Airlines plane at Amsterdam’s Schiphol Airport while its engines were running, authorities said. The incident occurred as KLM Flight 1341, an Embraer ERJ-190 jet, was preparing to depart for the Danish town of Billund. “A fatal accident occurred today […]
Mortgage demand falters as interest rates rise for the first time in a month
DFW housing and macroeconomic analyst Amy Nixon said the longer interest rates are cut, the longer interest rates will remain high and “money is being made.” Key Metrics Home purchase Applications fell to a three-month low as mortgage rates began to rise again. Mortgage Bankers Association (MBA) Home loan application New data released Wednesday showed […]
Singapore Airlines flight that hit deadly turbulence fell 178 feet in 4.6 seconds
A Singapore Airlines plane makes an emergency landing after reports of severe turbulence and the death of one passenger. (Photo credit: Viral Press) The Singapore Airlines plane that was forced to make an emergency landing in Bangkok last week after encountering “severe turbulence” plummeted 178 feet in 4.6 seconds, investigators have found. Singapore’s Ministry of […]
Home insurance rates have surged nearly 40% since 2019 – but they’re rising fastest in these states
FOX Business Real Estate correspondent Katrina Campins talks about rising home insurance rates on “The Bottom Line.” Astronomical increases in mortgage rates and skyrocketing home prices over the past year have put a key tenet of the American Dream out of reach for millions of families. Today, there’s another hurdle to homeownership: rising home insurance […]
Consumer confidence bounced back in May after 3 months of decline
Jharonne Martis, consumer research director at LSEG, analyses consumer wellbeing and explains the context behind the shift in spending on ‘making money’. US Consumer Confidence An optimistic outlook for the labor market led the PMI to rise in May after falling over the past three months, but Americans still expect inflation and high interest rates […]
Fed’s Kashkari wants to see ‘many more months’ of good inflation data before cutting rates
Dominari Financial CEO Kyle Uhl speaks on “The Claman Countdown” about Federal Reserve policy, stock market trends and major IPOs. Minneapolis Federal Reserve Governor Neel Kashkari said Tuesday that central bank policymakers should wait to see a significant improvement in inflation before starting to cut interest rates. In an interview with CNBC, when asked what […]
Housing prices soar to a new all-time high in March
ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” Home prices hit a new record in March. Housing shortageThis is despite rising mortgage rates putting home buying out of reach for more Americans. The S&P CoreLogic Case-Shiller index showed Tuesday that national home prices rose 6.5% year-over-year in […]
American Airlines passengers in Miami stuck on sweltering Boeing plane: travelers
American Airlines passengers say they were stuck in the hot sun on a Boeing plane that had electrical problems in Miami before being transferred to another plane Thursday. (Photos by Terry Barber and Bobby Barber) American Airlines passengers were stuck inside a stuffy Boeing plane for more than an hour while waiting to depart from […]
Mega Millions jackpot grows to $489 million after no grand prize winner
See what’s clicking on FoxBusiness.com of Mega Millions Jackpot No tickets matched the winning numbers and Mega Ball in Friday night’s drawing, raising the total prize pool to an estimated $489 million. The winning numbers drawn Friday night were 46, 54, 56, 67 and 70, with the Mega Ball being 16. The Megaplier was 3x. […]
Buying a house just became even more expensive
ResiClub co-founder and editor-in-chief Lance Lambert talks about the US housing affordability crisis on “Making Money.” The cost of buying a new home has reached a new record, even as mortgage rates have fallen from five-month highs, according to a new report. Investigation result Redfin In the four weeks ending May 19, the median U.S. […]