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Inflation rises 3.3% in May, less than expected

Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. Inflation slowed more than expected in May Federal Reserve Prices remained uncomfortably high for millions of Americans. The Department of Labour said on Wednesday that the Consumer Price Index, a broad gauge of the cost of everyday […]

US adds 272,000 jobs, unemployment rises to 4 percent

The U.S. economy added 272,000 jobs in May, and the unemployment rate rose slightly to 4%, according to new Labor Department data released on Friday. The May employment report was much better than expected by economists, who had projected a gain of 185,000 jobs and an unemployment rate unchanged from April’s 3.9%. But the slight […]

US job growth jumps by 272K in May while unemployment unexpectedly rises

Lincoln Tech CEO Scott Shaw explains in “Varney & Company” why young workers are seeking trades jobs: U.S. job growth accelerated again in May, defying expectations of a slowdown even as the unemployment rate rose to its highest level in more than two years. Employers added 272,000 jobs in May, the Labor Department said in […]

GOP support for allowing felons to be president rises after Trump conviction: Poll

A new poll shows that support for allowing a felon to serve as president is growing among Republicans after former President Trump was convicted in New York last week. investigationThe YouGov poll came less than a week after a jury found Trump, the presumptive Republican presidential nominee, guilty of all 34 felony counts in the […]

Mega Millions jackpot rises to $560 million after no grand prize winner

See what’s clicking on FoxBusiness.com of Mega Millions Jackpot The prize money increased to an estimated $560 million after no tickets matched the winning numbers in Friday night’s drawing. The winning numbers drawn on Friday were 4, 11, 23, 33 and 49, with the Mega Ball being 23. The Megaplier was 4x. No one won […]

Inflation measure closely watched by the Fed rises 0.3% in April

Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity price trends, expected inflation data, the housing industry and the consumer outlook. The inflation indicator is Federal Reserve The inflation index was flat in April as rising prices continue to weigh heavily on millions of Americans. According to the Labor Department, the personal consumption expenditures […]

As American global hegemony ends, multi-alignment rises

Forget “Pax Americana.” In a moment of unipolarity, the brief interlude in which the United States reigned supreme was over. The rise of China, combined with growing dissatisfaction with the rules-based international order led by the United States, has ushered in a multipolar world in which multiple power centers jostle for influence. This dynamic change […]