Business owners fear they won’t survive another Biden term: ‘We’re all struggling’
Katrin Swaffer and Maher Yousef explain how their small businesses have been affected by inflation and call on President Biden to address the issue. Small business owners across the country are sounding the alarm about four more years of the Biden economy as inflation eats away at their bottom lines. “Biden should do something about […]
Fast-food prices at McDonald’s, Subway soar under Biden
FOX Business’ Brian Bremberg looks at rising fast food prices under President Biden. Fast food is loved in America because it is cheap and convenient. At least that’s how it used to be. The cost of eating out at restaurants has risen nearly 22% since President Biden took office, according to the latest inflation report […]
Nearly 80% of Americans now consider fast food a ‘luxury’ due to high prices
FOX Business’ Brian Bremberg looks at rising fast food prices under President Biden. Has drive-thru shopping become a luxury? A majority of Americans think so. Recent Research Implemented by LendingTree The survey found that meals have become so expensive that 78% of consumers consider fast food a “luxury” purchase. This photo shows In-N-Out Burger from […]
California Gov. Newsom’s budget could cost businesses billions in higher taxes
See what’s being clicked on FoxBusiness.com California Governor Gavin Newsom’s budget proposal to help close the state’s ballooning $45 billion deficit includes: tax increase About workers and companies. “I don’t think there’s a need right now to raise general taxes in the state and put additional burdens on workers and competitiveness. I don’t think there’s […]
Mortgage rates dip below 7%
Madison Ventures Managing Director Mitch Rochelle analyzes the housing market and reveals some of the best places to live outside of the big cities on The Big Money Show. Mortgage interest rates Rising house prices weighed on the housing market, which fell for the third straight week and fell below 7% for the first time […]
Passengers describe ‘sheer terror’ after Singapore-bound flight hits turbulence
Singapore Airlines Flight 321 had to make an emergency landing in Bangkok, Thailand due to “severe turbulence”, killing one person. A Singapore Airlines passenger plane encountered “severe turbulence” and said it felt “sheer fear” at the critical moment as the Boeing plane remained “shuddering”. The plane, which had 211 passengers and 18 crew members on […]
Home Sales Fell Again in April After High Mortgage Rates Damped Activity
“The Big Money Show” features Madison Ventures Managing Director Mitch Rochelle breaking down the housing market and highlighting some of the best places to live outside of big cities. Home sales fell for a second straight month in April as high mortgage rates and near-record home prices continue to stifle a thriving market. Existing home […]
Fed meeting minutes show some ‘willingness’ to hike rates again
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Fed officials expressed concern at their May policy meeting that inflation has stalled, but “many” believe policy is restrictive enough to contain price pressures in the economy. I questioned whether it was true. […]
Average age of US cars, trucks hits new record amid high prices for new vehicles
FOX Business’ Jeff Flock reports that auto repair costs have risen 33% in the past four years. As new vehicle prices remain high, the average age of cars and light trucks currently on the road in the U.S. will reach a new record of 12.6 years in 2024, according to vehicle registration data tracked by […]
Bond King Jeffrey Gundlach warns over US economy as Americans’ debt piles up: ‘Concerning’
Jeffrey Gundlach, CEO and founder of DoubleLine Capital, discusses the state of the U.S. economy, interest rate hikes, the impact of the 2024 election, and Biden’s response to Israel’s ongoing war with Hamas. As Americans’ debt mounts, recession fears rise again and the Federal Reserve grapples with pressure to cut interest rates, bond magnate Jeffrey […]