Celebrity chef says restaurant-goers are still seeing high menu prices because of this ‘number 1 problem’
David Burke, president of David Burke Hospitality Management, analyzes the cost of inflation for restaurants in “Claman Countdown.” Restaurant stocks have had mixed returns this season, but one Iron Chef America alum reveals the “number one problem” that’s keeping prices high and overall profits low. “The biggest challenge for us is managing labor costs,” chef […]
You might get a bigger Social Security check next year. Here’s why
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Social Security recipients are set to receive larger cost-of-living adjustments (COLAs) next year than previously expected because of uncomfortably high inflation rates. Former Social Security and Medicare analyst Mary Johnson estimated that the […]
How it started… How it’s going: Home, energy, car bills way up thanks to inflation
“The Big Money Show” co-host Brian Bremberg looks at cost changes since January 2021 and the April CPI release. The cost of housing, energy, autos, and child care have all increased since President Biden took office, and inflation remains high with no end in sight. The latest Consumer Price Index (CPI) report showed that inflation […]
Home Depot co-founder Ken Langone rips Biden’s ‘absurd’ claim over inflation
Home Depot co-founder Ken Langone joins “The Ingraham Angle” to talk about the economy and the president’s outlook. The prominent business leader and one of the Republican Party’s top donors did not mince words over President Biden’s repeated inaccurate inflation claims. Ken Langone, former co-founder and CEO of Home Depot, said Tuesday: “Why do liars […]
April CPI breakdown: Where are prices still rising the fastest?
The “Morning with Maria” panel discusses the U.S. economy and markets after January’s CPI of 3.1% year-over-year. Inflation fell slightly in April, but rising rent and gas prices kept prices painfully high for millions of Americans. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the prices of daily […]
Inflation increases 3.4% in April as prices remain elevated
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Inflation eased slightly in April for the first time in months, a welcome sign for the Federal Reserve even as prices remain uncomfortably high for millions of Americans. The Labor Department said Wednesday […]
New survey sheds light on how small business owners are staying resilient amid uncertainty
Making Money host Charles Payne tackles the challenges of starting a small business. new research on small business owner A study conducted by Capital One examined how small businesses are coping with adversity and remaining resilient amid an uncertain economic outlook. capital one The survey of more than 1,000 small business owners with less than […]
Used car sales booming as holdout buyers return: Edmunds
FOX Business’ Jeff Flock reports that auto repair costs have increased 33% over the past four years. A new report from Edmunds finds that the used car market is revitalized, buoyed by price relief that kept consumers from buying in the past few years. Auto Shopping Guide released an analysis on Tuesday showing used cars […]
Credit card delinquencies are surging
“Kudlow” panelists Kevin Brady, Art Laffer and Sandra Smith discuss how “Bidenomics” isn’t gaining traction with voters. More Americans are falling behind on their monthly credit card payments as the country continues to battle high inflation and interest rates, according to New York Fed data released Tuesday. Credit card delinquencies are already above pre-pandemic levels […]
Amid rising debt levels, some borrowers face increased stress: NY Fed
Kudlow’s panelists Kevin Brady, Art Laffer, and Sandra Smith discuss how Bidennomics is not popular with voters. U.S. household debt levels rose in the first quarter of 2024, creating new challenges for already stressed credit card borrowers, according to a new report. federal reserve bank It was released on Tuesday in New York. Overall debt […]