Mortgage rates rise, highest level since February
OSAIC Chief Market Strategist Phil Blancato discusses the Fed’s interest rate plans and the impact of tariffs on inflation on “making money.” Mortgage fees have skyrocketed this week, mortgage buyer Freddie Mac said Thursday as President Donald Trump’s tariffs led to instability in the bond market. Freddie Mac’s latest primary mortgage market research, released Thursday, […]
UK business confidence falls to lowest level in over two years, survey shows | Business
Research shows that UK business trust has dropped to its lowest level for more than two years amid rising taxes and growing concerns over Donald Trump’s escalating trade war. Emphasizing the risks to the economy, the UK and Wales Institute of Certified Public Accountants (ICAEW) said the first quarter of the year was “disastrous” for […]
US corporate bankruptcies rise to highest level in first quarter since 2010
Hooters CEO Sal Merilli will join Fox & Friends and discuss plans to return the brand to its roots as a nearby restaurant. New data shows that bankruptcies for US companies have increased to the highest level in the first quarter since 2010. S&P Global Market Intelligence reported that 188 bankruptcies were filed with large […]
Inflation fears reach highest level in 2 years: survey
Consumer sentiment jumped in March as concerns about rising prices and slowing economic performance are home to US households. Sentiment fell in the third month, a 12% drop from reading in February at the University of Michigan. Benchmark survey. Emotions were 28% lower than last March. Consumer inflation expectations for the next year have risen […]
Trump feels ‘very comfortable’ after being briefed on Houthi attack text scandal, blames ‘lower level’ Waltz staffer for mishap
President Trump claimed on Tuesday that he felt “very comfortable” after his top staff member was explained to include the editor-in-chief of Atlantic Magazine in a signal chat group that discussed military strikes against the Houtis in Yemen. “There was no classification information. There was no problem. And the attack was a huge success,” Trump […]
Consumers’ short-term expectations fall to lowest level in 12 years
Kraman Countdown panelists Kevin Mahn and Keith Fitz Gerald predict the future of interest rate cuts and discuss consumer stable stocks. Consumer confidence continued to decline in March, with a new report showing one measure of short-term expectations from consumers at their lowest levels in 12 years. The Conference Committee's expectations index, which measures the […]
Buttigieg assails leak as 'highest level of f—up imaginable'
Former Transport Secretary Pete Battigigue (d) has accused Trump administration officials who reportedly discussed plans for an attack on Yemeni Hooty rebels in a text chain that inadvertently includes Atlantic editor-in-chief Jeffrey Goldberg. “From an operational security perspective, this is the highest level of f—imaginable,” Buttigieg wrote in X's post. Report in the Atlantic Ocean […]
Trump tariffs push consumer sentiment to lowest level since 2022
President Trump's escalating trade war has shaking economic confidence among Americans across the political spectrum. Survey results Released on Friday. Preliminary results show that the University of Michigan's Consumer Sentiment Index plummeted from 10.5% to 57.9. This was the lowest level in the index since November 2022, falling to 56.7 amid steep inflation and aggressive […]
Canada will level $20B in tariffs in response to Trump moves on steel, aluminum
Canada is expected to impose $20.7 billion in retaliatory tariffs after President Trump decided to enforce 25% tariffs on steel and aluminum, which came into effect Wednesday. Associated Press A senior Canadian government official said he spoke about the anonymity status and confirmed the move on Wednesday as he was not permitted to speak before […]
Late car payments rise to highest level in over 30 years
Jeff Flock of Fox Business has revealed that insurance prices are rising sharply year-on-year, so he reports on the latest news that emerged from the automotive industry. Missing American car owners with car loan payments rose to their highest level in 30 years earlier this year. According to Fitch Ratings, the percentage of borrowers with […]