Biden must stop inflation denial and quit doing dumb things
Rep. Jason Smith, R-Missouri, said on “Kabuto: Coast to Coast” that inflation has increased by 19.4% since Joe Biden took office. So these three middle-aged men go for their annual checkups. They receive terrible news. They have high blood pressure and bad cholesterol, and an additional two pounds would officially classify them as “severely obese.” […]
IMF warns of ongoing inflation risk to global economy
Kenny Porcari, chief market strategist at Slatestone Wealth, said this data shouldn’t come as a surprise to anyone on “Maria Bartiromo’s Wall Street.” of international monetary fund The governor slightly upgraded his outlook for the global economy on Tuesday, but warned of continuing risks, including sustained inflation and geopolitical turmoil. The Washington-based agency said in […]
Experts warn over ‘wobbly’ US economy, Biden’s economic ‘lie’
“Kudlow” panelists Steve Moore, Kevin Hassett and Steve Forbes react to the president’s planned major tax hikes. The US economy is showing signs of health and growth, but two experts warn that the economy is more “unstable” than it appears. “The economy is growing, but gold prices are showing signs of volatility in the dollar,” […]
Tax refunds up from last year with most Americans planning to pay down debt or save
Kudlow’s panelists Steve Moore, Kevin Hassett and Steve Forbes react to the president’s planned significant tax increases. American taxpayers will receive larger benefits on average tax refund A new report from the Bank of America Research Institute finds that, compared to a year ago, most people plan to use that money to pay off debt […]
China’s Q1 GDP growth surpassed expectations, data shows
Check out what’s being clicked on FoxBusiness.com Data on Tuesday showed China’s economy grew faster than expected in the first quarter, giving officials some relief as they work to maintain growth. The government has announced fiscal and monetary policy measures to achieve the target of approximately 5% GDP growth in 2024. Analysts called this an […]
American workers want record wages to change jobs, NY Fed finds
DISTILL CEO Neely Tamminga talks about whether the Fed has been restrictive enough in making money to control inflation. new report from new york federal reserve The minimum wage that American workers say they are willing to accept to take a new job hit a record high last month. So-called pending wages averaged $81,822 in […]
Biden’s war on ‘junk fees’ misses the real problem
Brandon Arnold, executive vice president of the National Taxpayers Union, appears on “Fox Business Tonight” to discuss why stock prices are falling ahead of the Christmas weekend. From claiming that inflation is “temporary” to blaming it on Vladimir Putin, President Biden seems all too willing to ignore inflation. Severe impact of inflation About the daily […]
Tesla to lay off more than 10% of workforce, report says
Former Tesla director Steve Westley joins Barney & Company. We analyze automakers’ first quarter delivery reports and their potential impact on the stock market. Tesla is preparing to lay off more than 10% of its global workforce due to a slowdown in deliveries in the first quarter and increased competition in the electric vehicle (EV) […]
As energy prices soar, Biden administration jacks up costs to drill on public lands
Pipeline welder Lynn Bugsy Allen claims she’s barely surviving after Biden canceled the Keystone XL pipeline. The Biden administration on Friday finalized rules that would make it more expensive for oil and gas companies to drill on public lands, even as energy prices and inflation remain on the rise. The Department of the Interior announced […]
US consumer sentiment falls more than expected as inflation fears rise
MacroMavens President Stephanie Pomboy discusses the economy, the impact of inflation on consumers, and her expectations for fourth quarter GDP. U.S. consumer sentiment and Americans’ economic outlook both fell more than expected in April as inflation expectations rose. The University of Michigan Consumer Confidence Index released Friday was 77.9, down from 79.4 in March. Economists’ […]