Americans dish the truth on Biden’s inflation: Going ‘up and up and up’
FOX Business’ Madison Alworth speaks to diners in Reading, Pennsylvania who are still feeling sticker shock. President Biden may have touted an economic “resurrection” in Thursday night’s State of the Union address, but Americans still woke up Friday morning feeling an inflationary hangover. “We’re going to go grocery shopping now. We go every week and […]
US economy adds 275,000 jobs in February, unemployment rate ticks higher
Bahnsen Group CIO David Bahnsen previews Federal Reserve Chairman Jay Powell’s Congressional testimony and shares his predictions for the upcoming jobs report. U.S. employers added 275,000 jobs in February, higher than economists expected of 200,000 and the average monthly increase of 255,000 recorded in 2023, the Labor Department said Friday. did. The unemployment rate rose […]
Price of eggs, milk, steak up since Biden took office
Piper Sandler, managing director and senior economist, weighs in on Fed Chairman Jerome Powell’s comments on interest rate cuts, discusses consumer spending, and reacts to unemployment claims numbers. Economic reports continue to show that inflation is falling from painful peaks in recent years. But the high prices many Americans still face at grocery stores remain […]
Clean tech, AI boom straining U.S. energy supply
The CEO of Marathon Digital talks about the cryptocurrency market and mining practices in an exclusive interview with FOX Business. of Artificial intelligence (AI) A boom, increased clean technology manufacturing, and cryptocurrency mining are straining the U.S. energy supply as energy sources struggle to keep up with rising demand. Rising industrial demand from technology companies […]
February jobs report expected to show hiring slowed last month
The CEO of Mainstay Capital Management insisted the Fed is “very cautious” and won’t be cutting rates for some time. All eyes will be on the February jobs report, released Friday morning, as investors look for clues about the health of the labor market in the face of rising interest rates and persistently high inflation. […]
Mortgage rates dip slightly, boosting demand
Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Mortgage rates fell slightly this week after rising for a month in a row, sparking an increase in purchase applications in a housing market that has been largely stagnant for months due to soaring […]
Mike Rowe details ‘unintended consequences’ from CA’s $20 minimum wage: ‘Bad look for the governor, Panera’
Television host Mike Rowe appears on “The Big Money Show” to talk about his “Work Ethic Scholarship Program” and continued efforts to provide alternative forms of education. “How America Works” host Mike Rowe addressed the Panera minimum wage controversy and criticized both California’s governor and franchisees for not preparing for “unintended consequences.” “The market is […]
Majority of Americans made sacrifices to cover monthly bills last year
“Making Money” host Charles Payne joins “The Big Money Show” to discuss the cost of GDP growth and market performance as the economic crisis continues. Most Americans found themselves forced to make trade-offs to make ends meet last year, with the majority reporting having to take steps at least once to cover their monthly bills […]
Layoffs surged in February to highest level since 2009
Former World Bank President David Malpass claims there is an “opportunity” for the Federal Reserve to consider cutting interest rates “in the morning with Maria”. of pace of work Layoffs by U.S. employers accelerated in February, a sign that the labor market is starting to deteriorate in the face of ongoing inflation and high interest […]
Biden planning to tout economic agenda in State of the Union
Former Kansas City Fed President Thomas Honig responded to Jerome Powell’s statement that the Fed is not ready to start cutting interest rates “coast to coast.” President Biden will deliver his third State of the Union address Thursday night, trying to convince Americans he deserves another four years in office. The high-profile speech came amid […]