Inflation expected to cool slightly in July report as issue becomes key issue in presidential campaign
David Bahnsen, managing partner at the Bahnsen Group, analyzes the Federal Reserve’s plans to combat inflation for Barney & Co. Get noticed Inflation Report The data is due to be released Wednesday morning and is expected to show that inflation continues to ease as the issue has come to the forefront of the presidential election […]
Tropical Storm Ernesto expected to become Hurricane as it moves through Caribbean
Tropical storm warnings remain in effect for Puerto Rico and the U.S. Virgin Islands as Tropical Storm Ernesto continues to batter the islands with flooding rains and destructive wind gusts, with forecasters warning the storm could strengthen into a hurricane sometime Wednesday. The tropics have been active in recent weeks with the development of Hurricane […]
New Survey Reveals Evangelicals Make Up Smaller Portion of U.S. Population than Expected
A new survey finds that while evangelicals remain a significant demographic, they make up a smaller share of the U.S. population than commonly thought. The American Worldview Survey, conducted by George Barna of Arizona Christian University, found that 10 percent of American adults identify as evangelical, using a definition consistent with that of the National […]
US producer prices rise less than expected in July
The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” U.S. producer prices grew slower than expected in July as rising commodity prices were tempered by lower services prices, suggesting inflation continued to ease. The Labor Department’s Bureau of Labor Statistics said on Tuesday that the producer price […]
Tropical disturbance in Atlantic expected to become Ernesto next week
As the remnants of Debby leave the East Coast, the National Hurricane Center (NHC) is tracking a new disturbance in the Atlantic that has the potential to develop into a tropical storm. A tropical wave located several hundred miles west-southwest of the Cape Verde Islands is producing widespread, chaotic showers and thunderstorms over the tropical […]
Jobless claims fall more than expected to ease recession fears
The number of Americans filing initial claims for unemployment benefits fell more than expected last week, easing fears of a labor market collapse that had sent markets plummeting. The Labor Department said on Thursday that seasonally adjusted claims for unemployment insurance fell by 17,000 to 233,000 for the week ended Aug. 3, the biggest decline […]
Jobless claims rise less than expected to 233,000
On “Making Money,” Piper Sandler Chief Global Economist Nancy Lazar discusses whether the U.S. economy is doing as well as earnings suggest. How many Americans are applying? Unemployment benefits Last week’s weaker-than-expected employment report came in, which may ease some concerns about the health of the labor market following disappointing July employment data. The figures […]
Taxpayers expected to save millions after COVID-era perk for illegal immigrants gets cancelled
Immigration and Customs Enforcement (ICE) has ended a COVID-era program that allowed undocumented immigrants hundreds of minutes of free video calls, Fox News Digital reported, a move that was estimated to save taxpayers more than $10 million a year. In response to the then-emerging COVID-19 pandemic and the resulting visitation restrictions, federal agencies began offering […]
Hurricane Debby makes landfall in Florida; expected to pound Southeast
Hurricane Debbie made landfall in Florida’s Big Bend at 7 a.m. ET on Monday, according to the National Hurricane Center (NHC). The storm reached maximum sustained winds of about 80 mph, making it a Category 1 hurricane. According to the NHC, the hurricane was moving in a north/northeast direction at 10 mph and made landfall […]
US expected to propose barring Chinese software in autonomous vehicles
WASHINGTON — The U.S. Commerce Department is expected to propose a ban on the use of Chinese software in self-driving and connected cars in the coming weeks, according to people familiar with the matter. The Biden administration is expected to issue proposed rules to ban Chinese software from being used in Level 3 or above […]