Trump's 'External Revenue Service' will collect from importers, not 'foreign sources'
President-elect Trump plans to create an External Revenue Service that would collect tariffs from U.S. importers, with economists arguing the proposed agency's name obscures who pays.
Energy and food prices drove inflation in December
The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers of stubborn inflation experienced by consumers.
Inflation is still a problem for most Americans: Frances Donald
RBC Chief Economist Frances Donald explains how inflation affects average households on 'Making Money.'
Quantum computing stocks rally after Nvidia announces 'Quantum Day'
Spectral Capital Chairman of the Board Sean Brehm discusses the future of quantum computing on 'Making Money.'
Fmr Trump economist weighs controversial plan for an external revenue service
Former U.S. Assistant Secretary of State for economic and business affairs in the Trump administration Manisha Singh weighs the president-elect’s plan to create an ‘external revenue service.'
Macy's wants Bloomingdale's, Bluemercury to stay put
Macy's CEO Tony Spring, who is trying to turn around the company, wants to prove to the public markets that its three-brand portfolio has more value than what it is showing today.
Major crafts retailer files for bankruptcy
Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year as it contending with a difficult retail environment. The company is also trying to sell itself.
Inflation rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.
Expert bullish on market rally: 'I like it'
Dominari Financial CEO Kyle Wool joins 'Varney & Co.' to react to the December CPI and provide his outlook for the market.
Failure to pass one big bill for Trump is ‘not an option,’ GOP rep says
Rep. Jason Smith, R-Mo., joins ‘Mornings with Maria’ to break down President-elect Trump’s plan to implement the external revenue service.
Market risks are more about higher rates than growth weakness: Michael Kantrowitz
Piper Sandler chief investment strategist Michael Kantrowitz reveals what 'better' economic data says about the state of the U.S. economy on 'Making Money.'
US economy is still strong despite rising rates: Ken Leon
CFRA director of equity research Ken Leon and Michael Lee Strategy founder Michael Lee discuss bank earnings and rising interest rates on 'Mornings with Maria.'
Fed confusion is not easing inflation worries: Scott Ladner
Horizon Investments CIO Scott Ladner and Michael Lee Strategy founder Michael Lee discuss whether the Fed will hike interest rates in 2025 on 'Mornings with Maria.'
US producer prices rise moderately in December
The producer price index for final demand rose 0.2% last month after an unrevised 0.4% advance in November, the Labor Department's Bureau of Labor Statistics said on Tuesday.
Small business optimism jumps to 6-year high following Trump win
Small business owner optimism surged to a 6-year high in December, driven by high hopes for the economy following President-elect Trump's win, according to the NFIB.
Which insurance companies have the most exposure in California?
Insurance companies are expected to face significant losses due to the wildfires in Southern California, though a report by Wells Fargo expects those will be "manageable."
California wildfires: Insured losses could top $30B, Wells Fargo analysis finds
Financial analysts at Wells Fargo Securities estimated that insured losses from the Southern California wildfires could exceed $30 billion based on their latest analysis.
Biden's latest round of student loan handouts brings admin total to more than 5 million
President Biden approved student loan handouts for another 150,000 people on Monday with just days left until his term in office comes to an end.
Economist analyzes Trump's SALT dilemma: 'It should be gone'
First Trust Advisors chief economist Brian Wesbury discusses President-elect Trump's tax cut battle on 'The Big Money Show.'
Jamie Dimon weighs in on Trump's win, policies his admin should focus on
JPMorgan Chase CEO Jamie Dimon said in an interview with CBS that American voters' frustration with the government and policies it pursued led to President-elect Donald Trump's win.