Fed’s Powell says the ‘time is coming’ to cut interest rates
The FOMC does not want to cut rates and then be forced to raise them again. federal reserve Chairman Jerome Powell He said the U.S. central bank is on track to cut interest rates this year as long as inflation continues to decline. In an interview with CBS’ “60 Minutes” that aired Sunday night, Fed […]
Credit card debt poised to a hit a new record high
Nomi Prince, author of “Perpetual Distortion,” argues that the Fed’s policies are having a negative impact on everyone involved in “making money.” Americans are hoarding more money credit card debt This is because the prices of daily necessities continue to rise due to still high inflation and soaring interest rates. Federal Reserve Bank of New […]
European Union, industry at odds over energy security impact of US LNG pause
Former Energy Secretary Dan Brouillette weighs in on the Biden administration’s pause on natural gas projects and the push for electric vehicles. European Union energy officials are at odds with industry over the long-term effects of the Biden administration’s energy policy suspension. Liquefied natural gas (LNG) Implications for exports and European energy security. The United […]
Elon Musk weighs in on the economic impacts of illegal immigration
Podcast host Kennedy responded to Alexandria Ocasio-Cortez’s shocking response to students being expelled from schools to accommodate immigrants and the Republican Party’s ongoing investigation into Hunter Biden. Billionaire Elon Musk He cited the economic impact of illegal immigration in a series of social media posts while criticizing the Biden administration’s handling of the border crisis. […]
Higher ed is facing a ‘giant reckoning’ as blue-collar jobs prevail, Mike Rowe warns
Mike Rowe, CEO of MikeRoweWorks Foundation, examines the challenges American families face when paying for child care and considering higher education. Skilled workers advocate Mike Rowe warns that US higher education faces a ‘huge reckoning’ as more families reevaluate their options when it comes to child care and degrees. did. “I believe there is a […]
Liquidation of China’s Evergrande has ‘a lot of similarities’ to Lehman Brothers, analyst says
Jeff Sica, founder of Circle Squared Alternative Investments, explains how AI’s “hype” could impact Apple, Alphabet, and Microsoft’s profits in Varney & Co. ” will be explained. Evergrande Group, the world’s most indebted Chinese real estate developer, defaulted in 2021, throwing China’s real estate market into turmoil. Now, a Hong Kong court has ordered the […]
January jobs breakdown: Which industries hired the most workers last month?
UBS Financial Advisor Brenda O’Connor Juanas and Sitt Investment Associates Senior Vice President Bryce Doty preview the fourth quarter earnings report, discuss the Walmart stock grant and discuss the economic outlook. U.S. job growth in January exceeded expectations, driven by sharp hiring gains in many sectors of the economy. employer Added 353,000 jobs The U.S. […]
US homeowners aren’t selling and here’s why
Daniel Hale, Chief Economist at Realtor.com, analyzes home prices on Maria Bartiromos Wall Street. As mortgage rates rose toward 8% last fall, the pandemic-era booming housing market slumped and demand hit its lowest level in nearly 30 years. The average interest rate on a 30-year fixed mortgage is now more than a percentage point lower […]
January jobs report expected to show that hiring slowed last month
Mornings with Maria panelists react to December’s better-than-expected jobs report and detail the expected impact on the labor market and the U.S. economy. All eyes will be on the January 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 […]
Mortgage rates dip slightly as demand remains stalled
Dana Peterson, chief economist at the Conference Board, said the leading indicators are great for the commodity economy when it comes to “making money.” Mortgage rates fell slightly this week, but this slight drop is of little consolation to potential home buyers and sellers as demand remains largely stagnant. Freddie Mac’s latest primary mortgage market […]