Wholesale inflation unexpectedly accelerates to highest level since September
In a wide-ranging, exclusive interview with FOX Business, Treasury Secretary Janet Yellen spoke about the state of the economy and Biden’s new budget proposal. Wholesale-level inflation is significantly higher than expected in February, the latest sign that price pressures in the economy remain high and difficult to contain. The Labor Department announced Thursday that it […]
Maine voters split over inflation ahead of 2024 presidential election
Maine will be a key issue in the 2024 presidential election. Maine is just one of two states that split its electoral votes, with the 2nd Congressional District voting twice for Obama and twice for Trump. President Biden and former President Donald Trump will officially face off again in the 2024 presidential election. Biden has […]
Janet Yellen warns inflation decline might not be ‘smooth’
Treasury Secretary Janet Yellen spoke about the current state of the economy in an exclusive interview with FOX Business. Exclusive: Treasury Secretary Janet Yellen said Wednesday that it could be extremely difficult for inflation to return to normal, after a series of reports showed price pressures in the U.S. economy had picked up at the […]
Mortgage demand roars back to life as interest rates dip below 7%
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Important measures home purchase Applications surged last week as mortgage interest rates fell below 7% for the first time in more than a month. Mortgage Bankers Association (MBA) Index Applying for a mortgage loan […]
Gas prices hit 4-month high
Bear Trap Report founder Larry McDonald is reacting to January’s PCE report and its impact on the Fed’s closely monitored interest rate decisions. Gasoline prices have hit a four-month high as warmer weather encourages drivers to get back on the road. Part of the problem, said energy analyst and FOX Business contributor Phil Flynn, is […]
Mega Millions jackpot grows to $792M after no tickets match winning numbers
Check out what’s being clicked on FoxBusiness.com The Mega Millions jackpot rose to an estimated $792 million after no one won the grand prize in Tuesday night’s drawing. The winning numbers drawn on Tuesday night were 2, 16, 31, 57, 64 and the Mega Ball was 24. Megaplier he was 3X. No one won the […]
Price of bread, butter, chicken up under President Biden’s watch
“The Big Money Show” co-host Brian Bremberg on “Bernie & Co.” talks about how inflation under President Biden is making life unaffordable for Americans. It showed whether there were any. President Biden responded to reports showing inflation was higher than expected in February, issuing a statement saying prices are lower than a year ago, though […]
Georgia’s booming tech and startup scene is helping Atlanta become the ‘Silicon Valley of the south’
FOX Business’ Madison Alworth reports on how Georgia is benefiting as more Americans leave blue states like California. States like Florida and Texas are experiencing economic booms and rapidly growing populations as many Americans flee blue states during the coronavirus pandemic. The population exodus is now spreading to battleground states as well. Thousands of people […]
Saving for retirement is harder for younger generations due to cost of living: Fidelity
Retired nurse Joyce Fleming shares why she decided to return to work due to rising costs. More than half of Millennials and Gen Z believe the future will be even more difficult, according to a new report from Fidelity Investments. retirement savings Because the cost of living increases. According to Fidelity’s 2024 Retirement Planning Survey, […]
February inflation 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 rose faster than expected in February as rising rent and gas prices continued to push up prices for millions of American households. The Ministry of Labor announced on Tuesday that the consumer price index, which comprehensively measures […]