Which presidential administration would be better for business?
Kenny Porcari, chief market strategist at Slate Stone Wealth, and “Big Money Show” co-host Taylor Riggs discuss whether rising inflation is impacting consumer spending on “making money.” discuss. Wall Street’s collective intelligence is often much smarter than any single analyst, pundit, or pollster, and that collective intelligence appears to depend on The Donald. Trump wins […]
Interest costs on US national debt set to exceed defense spending this year
Economist Peter Morisi breaks down what the national debt is, why it has ballooned to more than $34 trillion, and what it means for Americans. The sharp rise in interest rates over the past year may cause some collateral damage to the U.S. government’s finances. Because when interest rates rise, federal borrowing costs Debt will […]
Fed’s Barr says regulators more aggressive with banks, focused on interest rate risk
Kudlow panelists Kevin O’Leary, Kevin Hassett, and John Carney discuss inflation, bank failures, and credit card delinquencies. The Fed’s top regulator said this on Friday. banking regulator Over the past year, the rate of problems pointed out by banks has increased, and additional checks are being conducted on companies with large unrealized losses. Federal Reserve […]
US dollar to remain world’s reserve currency, Fed’s Waller says
Forbes Media Chairman Steve Forbes takes issue with the administration’s inflation policy regarding Mr. Kudlow. Christopher Waller Federal Reserve Board In his remarks Thursday, he outlined the rationale for the world to continue using the U.S. dollar as the primary reserve currency for international trade. “Recent commentary warns of possible decline in state status.” USD […]
Housing starts unexpectedly plummet to lowest level in five months
National Association of Home Builders CEO Jim Tobin provides expert analysis of the U.S. housing market as demand falls due to rising interest rates. U.S. new home construction fell to a five-month low in January, highlighting the continued challenges facing the housing market. Housing starts Sales fell 14.8% last month to 1.33 million units for […]
Wholesale inflation accelerates more than expected in January
Former Assistant Secretary of the Treasury Monica Crowley talks about the strain inflation is having on the middle and lower classes on “The Bottom Line.” Wholesale-level inflation was much higher than expected in January, highlighting the challenge of containing price pressures within the economy. The Labor Department announced Friday that it will measure the producer […]
Americans staying put: Percentage that moved in 2023 hit a record low
National Association of Home Builders CEO Jim Tobin provides expert analysis of the U.S. housing market as demand falls due to rising interest rates. The percentage of Americans who move each year has gradually declined since the U.S. Census Bureau began tracking data in the 1940s. But after a surprising increase in the share of […]
Blame the baby boomers for the housing shortage, Redfin says
National Association of Home Builders CEO Jim Tobin provides expert analysis of the U.S. housing market as demand falls due to rising interest rates. Struggling to find a home for sale? Older Americans may be to blame, according to a new report. Survey results published by real estate brokers redfin show The baby boomer generation, […]
Mortgage rates climb again as high housing costs persist
Conference Board Chief Economist Dana Peterson says in Making Money that the LEI is great for the commodity economy. Mortgage rates rose again this week as housing inflation continues to rise, adding further illumination for weary would-be buyers and sellers. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the average benchmark interest […]
Cattle rancher warns climate crisis is threatening US food supply
Livestock farmer Shad Sullivan talks about how calls to reduce meat consumption could impact the country on ‘The Bottom Line.’ Shad Sullivan, a cattle rancher based in Texas and Colorado, says global “anti-meat rhetoric” is clearly putting U.S. food security and farmers’ livelihoods at serious risk. “They all came together in this anti-meat rhetoric that […]