A MI Popeyes restaurant will pay a $48K fine for child labor law violations
FOX Business’ Charlie Gasparino reports children are being trafficked across the border by cartels and provided with false identification to get ‘dangerous’ jobs in the US on ‘Craman Countdown’ did. The Popeyes restaurant in Troy, Michigan, was cited after investigators determined the franchise violated child labor laws, the Department of Labor said. An investigation by […]
Housing demand stalls out as mortgage rates march higher
FOX Business Correspondent Madison Alworth explains how high mortgage rates and “Barney & Co.” home prices are delaying the American dream for many first-time homebuyers. Last week, demand for housing ground to a halt as mortgage rates neared 7%, locking many potential buyers out of the market ahead of the crucial spring season. Mortgage Bankers […]
Auto loan delinquencies spiked last year in troubling sign for economy
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. More Americans are falling behind on their car payments, and this is an ominous sign for the country. us economy This […]
Burrito, Big Mac prices in California to go up as pay rises: ‘Someone has to pay,’ FAT Brands founder says
Fat Brand Chairman and Founder Andy Wiederhorn details the economic impact of raising California’s minimum wage to $20 an hour. California consumers will be paying more for a Big Mac when the state’s minimum wage hike goes into effect this spring. As companies consider passing costs on to consumers, Andy Wiederhorn, chairman of Phat Brands, […]
Car insurance premiums have increased 26%
‘Barron’s Roundtable’ panel provides insight into the increasing pressures on consumers. Motorists across the country are feeling the pinch as auto insurance premiums continue to rise, according to a new report. Nationally, the cost of full coverage auto insurance increased to $2,543 this year, or $212 per month, an increase of 26% over the past […]
Credit card debt smashed another record high at the end of 2023
Portfolio Wealth Advisors President and Chief Information Officer Lee Manson talked about the expected earnings releases of major banks, the Federal Reserve’s interest rate cuts, and gave his outlook for the market this year. Americans are increasingly turning to credit cards to cover everyday expenses, with debt hitting a record high at the end of […]
More Americans are getting a second job to offset sting of high inflation
KKR’s Henry McVeigh joins Barron’s Roundtable to discuss GDP data showing slowing economic growth and inflation. There is always high inflation As the prices of everyday goods continue to rise, more Americans are being encouraged to take on side jobs. The Labor Department reported Friday that about 8.13 million people are employed. multiple jobs January […]
McDonald’s CEO says fast food chain will focus on affordability amid outrage over menu hikes
The fast food chain calls it an “authentic cheeseburger” and it costs 109 baht (Viral Press). McDonald’s CEO acknowledged Monday that the fast-food giant’s sales have fallen due to menu price hikes that went unnoticed by customers. The Chicago-based chain, which has come under heavy criticism for its Big Mac combos that cost nearly $18, […]
Business bankruptcies surged 58% in 2023
Jeff Sika, founder of Circle Squared Alternative Investments, argues that if Fed Chairman Jerome Powell keeps Bernie & Co.’s interest rates this high, the economy will fall into recession. ing. Corporate bankruptcies rose significantly in the United States last year, with the healthcare industry hardest hit, new data shows. According to Debtwire’s latest Restructuring Insights […]
McDonald’s sales hit over Middle East conflict
S&P Global Vice Chairman Daniel Yergin analyzes the energy sector in “Craman Countdown.” McDonald’s sales took a hit in the latest quarter due to ongoing turmoil in the Middle East. This primarily affected the international development licensing market and the segment where same-store sales increased by only 0.7%. The company said the small increase reflected […]