The Fed’s Powell will have to play politics to keep his job
New Hampshire voters weighed in on whether economic conditions were a concern heading into the 2024 election, with some voters continuing to cite high costs. It's time to abandon the naive belief that Chairman Jerome Powell's Federal Reserve is apolitical or data-driven. Neither, and his actions prove it. Political pressure on the Fed has reduced […]
US, UK impose new Houthi sanctions as Red Sea attacks continue
Peter Guindt, President of Resilinc Aerospace & Defense, breaks down the supply chain 'nightmare' in 'Craman Countdown'. The US and UK made the announcements on Thursday. The sanction level is Four Houthi officials have been deployed to Yemen as Iranian-backed militants escalate attacks on commercial ships in the Red Sea. The sanctions targeted Houthi Defense […]
Mortgage rates climb, adding to affordability woes
Sam DeBianchi, real estate agent and president of DeBianchi Real Estate, advises millennials who are struggling to buy a home on how to make money. After falling slightly last week, mortgage rates have risen again and remain in the mid-6% range. Although interest rates have fallen by about 1 percentage point since October, home prices […]
Robitussin cough syrups recalled due to ‘microbial contamination,’ maker says
Check out what's being clicked on FoxBusiness.com Bottles of Robitussin Honey CF Max Day Adult and Robitussin Honey CF Max Nighttime Adult will be recalled due to “microbial contamination,” manufacturer Haleon announced Wednesday through the U.S. Food and Drug Administration. Use of the affected products can cause “serious or life-threatening adverse events, such as fungemia […]
US economy grew faster than expected during the fourth quarter
Blackstone Chairman, CEO, and Co-Founder Stephen Schwarzman shares his thoughts on the 2024 economic outlook, commercial real estate, capital markets activity, and the downside risks of AI. of us economy It grew faster than expected by the end of 2023, underscoring its resilience in the face of still-high inflation and steep interest rates. Gross domestic […]
US economic growth likely slowed at the end of 2023
Craman Countdown panelists Simeon Hyman and John Wronsky analyze the Federal Reserve's preferred rate of inflation. The U.S. economy likely ended 2023 on solid footing, but momentum is expected to slow from the start of the year as consumers grapple with high inflation and interest rates. Economists expect the Commerce Department's first statistics on gross […]
Mortgage demand rises again even as interest rates increase
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. A key indicator of home purchase applications rose again last week, even as mortgage rates rose. Mortgage Bankers Association (MBA) Index Applying for a mortgage loan New data released on […]
Knott’s Berry Farm, 100-year-old jam and cookie brand, is discontinued in stores
JM Smucker CEO Mark Smucker told “The Claman Countdown” that the company is passing cost savings on to customers. Consumers will no longer be able to purchase Knott's Berry Farm brand jams, jellies, jams and cookies at grocery stores. The Knott's Berry Farm Foods website, operated by JM Smucker Company, includes a message: “The Knott's […]
Most Americans cannot afford a $1K emergency expense
Bank of America CEO and Chairman Brian Moynihan talks about Fed interest rate hikes, consumer resilience in 2024, and regulation of major banks. A majority of Americans say a $1,000 emergency expense is too big a hit to their savings and they can't afford, according to new data released Wednesday. According to Bankrate's latest findings, […]
Plane carrying Rio Tinto workers to diamond mine crashes in Canada, resulting in fatalities
Check out what's being clicked on FoxBusiness.com A small plane carrying Rio Tinto employees to the company's Diavik diamond mine in Canada's remote Northwest Territories crashes shortly after takeoff, killing many. The aircraft, identified by the Transportation Safety Board of Canada as a BAE Jetstream, was spotted near the Slave River after departing from Fort […]