Google to lay off hundreds of employees as sales team adopts AI: report
Constellation Research founder R 'Ray' Wang reveals his company's top AI stocks on 'Varney & Co'. Google will lay off hundreds of employees from its ad sales team in a further cost-cutting measure, the company announced. The layoffs come as Google plans to restructure its ad sales division, cutting teams focused on large customers and […]
Homebuilder sentiment surges amid sharp drop in mortgage rates
In “Kabuto: Coast to Coast,” Redfin CEO Glenn Kelman analyzed the state of the housing market after mortgage rates soared above 7%. Trust among builders US housing market January was the second straight month of increases as high mortgage rates continued to fall. National Association of Home Builders/Wells Fargo Housing Market Index. Single-family housing market, […]
Retail sales rise faster than expected in December
National Retail Federation CEO Matt Shea analyzes consumer spending and the retail industry as shoppers hit stores across the country for Black Friday. Americans picked up spending in December during the crucial holiday season, even though they still faced high interest rates and soaring prices for everyday goods. retail salesThe Commerce Department said Wednesday that […]
The inflation fight faces a ‘difficult’ last mile
Kevin Mahn, president and CIO of Hennion & Walsh Asset Management, discusses the status of the Fed's fight against inflation on “The Big Money Show” after consumer prices rose more than expected in December. talked about. Inflation has fallen significantly from its 2022 highs, but the last mile to price stability may be the most […]
Investors scaled back on real estate purchases in 2023
Bill Pulte, CEO of Pulte Capital, insists home prices won't fall significantly in the new year. The pandemic-era investor frenzy for buying real estate appears to be starting to wane. Investor home purchases fell in the first three quarters of 2023, dropping an average of 32.9% year-to-year year-over-year as of September, according to a new […]
When will the Federal Reserve start to cut interest rates?
Adam Covissi, Editor-in-Chief of the Covissi Letter, discusses his predictions for the market in 2024 after the Dow Jones falls from its all-time high in “Kabuto: Coast to Coast.” The Fed ended 2023 with an unexpected policy shift. In December, central bankers signaled at their last meeting of the year that a nearly two-year battle […]
Shell suspends all Red Sea shipments indefinitely amid Houthi attacks from Yemen: report
Sen. Markwayne Mullin (R-Okla.) reacts to the U.S. and British military's launch of an offensive against the Houthis in Yemen, speaking to the Iowa caucuses on “The Bottom Line.” British oil company Shell has reportedly suspended all shipping through the Red Sea indefinitely amid continued Houthi attacks from Yemen on commercial ships on the vital […]
The housing shortage is finally coming to an end
Realtor.com Chief Economist Daniel Hale analyzes housing affordability on “Maria Bartiromo's Wall Street.” number of houses for sale Market prices rose for the second consecutive month in December as the severe housing shortage finally began to ease. The total number of homes for sale, including homes under contract but not yet sold, increased 4.9% in […]