FTC’s bid to block Albertsons-Kroger merger heads to trial
EJ Antoni, public finance economist at the Heritage Foundation, discusses the possible merger between Kroger and Albertsons and the impact of the ruling on the U.S. economy. of Federal Trade Commission (FTC) A federal district court on Monday launched a lawsuit to block the $25 billion merger of Kroger and Albertsons, arguing that the deal […]
Nvidia sales likely doubled, but it may not impress investors
Barron’s market reporter Jacob Sonnenshein joins the Big Money Show to discuss how important NVIDIA’s earnings report is to the overall stock market. Nvidia is expected to report second-quarter revenue more than doubling on Wednesday, but investors accustomed to the company’s stellar performance will be hoping for more from the artificial intelligence chip giant. Beating […]
‘I Need Explanations’: Kevin O’Leary Says Kamala Harris ‘Has To’ Break Down Her Actual Economic Policies To Press
“Shark Tank” co-star Kevin O’Leary on Monday urged Vice President Kamala Harris to stop avoiding the press because it prevents him and the public from understanding her economic policy agenda. Harris has not sat down for an interview or held a press conference since launching her presidential campaign in July, while her campaign website still […]
One In Three Jobs Biden Admin Announced Over Course Of A Year Didn’t Actually Exist, Revisions Show
Over a third of the over 3 million jobs the Biden administration announced were added in initial reports between April 2023 and March 2024 did not actually exist, according to data from the Bureau of Labor Statistics (BLS). Including monthly revisions, the Biden administration overstated the number of jobs in the U.S. economy by 1.18 […]
Cryptocurrency Firms Responsible For Almost Half Of Corporate Election Spending For 2024 Election Cycle
Cryptocurrency firms have been responsible for nearly half of all corporate spending so far in the 2024 election, according to a new report released by Public Citizen. Corporations have spent $248 million to sway federal elections this cycle, with $119.2 million of this sum coming from crypto companies, according to Public Citizen’s analysis of campaign […]
Jack Daniel’s Scraps DEI Initiatives In Alleged Fear Of Boycott, Activist Claims
The producer of Jack Daniel’s whiskey has allegedly announced that it will cut back on diversity, equity and inclusion (DEI) initiatives due to an alleged fear of a potential boycott from conservative activists. Brown-Forman, the multi-billion-dollar parent company of Jack Daniel’s, recently announced that it is massively scaling back its DEI efforts, according to a […]
Fed delivers, stocks jump, Walmart, Target price wars
Fox News contributor Gary Kaltbaum and former Trump Administration Director of the Office of Management and Budget Vance Guinn discuss the latest economic developments coming out of the Federal Reserve and the White House. Federal Reserve Chairman Jerome Powell did not disappoint…and Wall Street loved it. Vice President Kamala Harris formally accepted the Democratic presidential […]
‘Direction Of Travel Is Clear’: Powell Announces Intent To Shift Fed Policy As Concerns Over Jobs Market Surges
Federal Reserve Chairman Jerome Powell showed concern regarding recent cooling in the labor market during a speech at the Federal Reserve Bank of Kansas City’s Jackson Hole Symposium on Friday. Powell signaled that the Fed’s focus regarding its interest rate policy had shifted away from inflation to instead the weakening labor market following a disappointing […]
CNBC Host Becomes Distraught After Elizabeth Warren Talks Past His Argument Against Her Price Gouging Position
CNBC’s Joe Kernen became frustrated with Democratic Massachusetts Sen. Elizabeth Warren as she kept speaking over him during a debate about price gouging. Harris recently announced her intention to impose a federal ban on so-called “price gouging” on groceries, with the plan receiving significant pushback. Kernen, on “Squawk Box,” told Warren during a debate on […]
‘Danger Lurking’: Ex-WSJ Editor Rips Both Presidential Tickets For Not Campaigning On Damming Debt Deluge
Former Wall Street Journal editor Gerald Seib criticized both 2024 presidential tickets on CNBC Wednesday for not campaigning on reducing the federal deficit and debt. Both Vice President Kamala Harris and former President Donald Trump’s campaigns have targeted each other on their policies related to the economy, as voters continue to prioritize it as a […]