McDonald’s posts weak quarterly results as higher fast food prices hurt demand
“The Big Money Show” co-host Brian Bremberg breaks down the latest inflation data and discusses California’s $20 minimum wage hike. Burger chain McDonald’s Inc. on Monday reported an unexpected drop in sales and a quarterly profit that fell short of Wall Street expectations as rising menu prices helped it struggle to attract cash-strapped customers who […]
Inflation ticks higher
Business and Economics Full text What are the best jobs in America that pay over $100,000 in 2024? According to the latest data from the U.S. Bureau of Labor Statistics (BLS) Job Openings and Labor Movement Summary (JOLTS), there were 8.1 million job openings in the United States as of the end of May. […]
Fed's preferred inflation gauge ticks higher in June
The Federal Reserve’s preferred inflation measure rose slightly in June, according to new data released Friday by the Commerce Department. The personal consumption expenditures (PCE) price index rose 0.1% last month and is up 2.5% over the past year. Core PCE, which excludes more volatile food and energy prices, rose 0.2% in June and is […]
Justice Department officials endorse Harris: ‘The stakes could not be higher’
Former and current Department of Justice (DOJ) officials have endorsed Vice President Harris as a presidential candidate, saying “the stakes couldn’t be higher” and warning of the implications of former President Trump being re-elected. Former U.S. Attorney General Loretta Lynch, along with more than 40 Justice Department officials, thanked President Biden for his years of […]
Homebuyers are backing out of deals at a record rate as prices march higher
DFW Housing and Macroeconomic Analyst Amy Nixon appears on “Making Money” to discuss the impact of big banks investing in residential real estate. Prospective home buyers remain nervous, faced with high mortgage interest rates and record-high home prices. new Investigation result The ever-higher costs of buying a home have led to more buyers backing out […]
Gas prices: Slight increase at the pumps as prices remain higher than a month ago
Gas prices increased very slightly on Tuesday, with the average cost for a gallon of regular gas rising to $3.502, according to AAA. Gas prices remain a vital topic heading into the 2024 presidential election. With President Joe Biden deciding not to seek reelection, Vice President Kamala Harris will have to address the country’s high […]
Faster, higher, stronger … and healthier: chicken nuggets off menu at Paris 2024 | Paris Olympic Games 2024
That’s enough to wake up Usain Bolt in a cold sweat: chicken nuggets will be off the menu at the 2024 Paris Olympics, with Michelin-starred cuisine and plant-based meat alternatives on offer in the athletes’ village instead. The Jamaican sprinter famously claimed to have eaten 1,000 nuggets over 10 days when he won gold in […]
S&P 500 futures tick higher Sunday night after worst week since April: Live updates – CNBC
Traders work on the floor of the New York Stock Exchange on July 11, 2024. Spencer Pratt | Getty Images S&P 500 futures were up slightly late Sunday after posting their worst weekly drop since April last week as investors shifted money from large tech stocks to mid-cap names. Futures linked to the Composite Stock […]
Regional bank growth is being impeded by higher rates – Yahoo Finance
Along with major banks, regional banks are also announcing their quarterly financial results. The bank has forecast that its net interest income (NII) will decrease. Rising interest rates have stifled lending activity this year, forcing regional banks to focus on retaining customers, pushing up deposit costs as a result. Additionally, Comerica (CMA) is facing an […]
Housing starts rose in June despite higher mortgage rates
The number of housing starts ticked up in June despite pressure from high mortgage rates, reassuring news for an economy that has seen soaring housing prices and rents driven by a lack of supply. Housing starts, the change in the number of new residential buildings that began construction, rose 3% from May to a seasonally adjusted annual rate of 1.35 million in […]