Fed's Bostic signals central bank unlikely to cut interest rates in July
Atlanta Federal Reserve President Raphael Bostic signaled Thursday that he would not support an interest rate cut in July amid signs of sticky inflation.
Q1 GDP revised down on lackluster consumer spending
Real GDP increased at an annual rate of 1.3% for the January-through-March period after rising 3.4% in the fourth quarter of 2023, according to the BEA's advance estimate.
Atlanta Fed President: I’m not going to wait till we’re at 2% to start cutting
Federal Reserve Bank of Atlanta President Raphael Bostic discusses the year over year rate of inflation on 'The Claman Countdown.'
Charles Payne: This is what I call the 'wimpy' economy
'Making Money' host Charles Payne analyzes the state of the U.S. economy as consumers keep borrowing more money at higher rates.
Price of 'core necessities' have outstripped wage gains in last 5 years: Cullen Roche
Discipline Funds founder and CIO Cullen Roche discusses why consumers are so negative on the economy on 'Making Money.'
Fed's confusing messaging constantly kept Wall Street uncertainty high: Jim Paulsen
Former Wall Street chief investment strategist Jim Paulsen explains why investors should hope the Fed keeps stirring monetary uncertainty on 'Making Money.'
Stop & Shop to close underperforming stores
Stop & Shop announced that it is planning to close certain underperforming stores in the Northeast. The company didn't disclose which locations will be affected or when.
US is on an unsustainable debt trajectory: Joe LaVorgna
SMBC chief economist Joe LaVorgna discusses whether Biden's spending is bad for inflation on 'The Big Money Show.'
America is in a ‘new Cold War’ with China: Lee Steinhauer
Chinese-American relations policy expert Lee Steinhauer argues that the Biden administration should reevaluate its strategy with China during an appearance on ‘Varney & Co.’
European economy is ‘not very dynamic’: Jay Hatfield
Infrastructure Capital Management CEO and CIO Jay Hatfield argues that the European Central Bank is ‘more important’ to the capital market than the Fed on ‘The Claman Countdown.’
Small town bakery owner says prices for ingredients have ‘shot up’ since pandemic
‘A Little Cake’ bakery owner Leo Sciancalepore joins ‘Varney & Co.’ to discuss how the pandemic has continuously impacted his business.
McDonald's pushes back on hefty price hikes, including $18 Big Mac meal
McDonald's is pushing back on reports that its menu price hikes are greater than the inflationary rates. The average cost of a Big Mac is $5.29, according to a company executive.
Mortgage rates increase to 7.03%
Mortgage rates are now above 7% again after a month of declines as the home affordability crisis continues to price more Americans out of the housing market.
Stuart Varney: Biden can't win re-election if he can't get Black voters back
'Varney & Co.' host Stuart Varney argues Biden's packed schedule is evidence he's 'desperate' to turn things around with Black voters.
Inflation will push earnings up for all insurance companies: D.R. Barton
Woodshaw Financial Group principal D.R. Barton explains why Progressive Corporation is his top insurance stock pick on 'Varney & Co.'
The market is in a 'temperamental state': David Tawil
ProChain Capital President David Tawil provides his expectations on the markets, retail earnings, the health of the consumer and oil as Saudi Arabia is set to launch a $10 billion Aramco offer.
US economy is stronger than investors think: Adam Johnson
Bullseye American Ingenuity Fund portfolio manager Adam Johnson discusses whether the stock market sell-off will last on 'Varney & Co.'
Costco bucks trend: Surge in foot traffic despite tough economy
Even with the tough economic environment, Costco's traffic has continued to grow consistently on an annual basis. Analysts believe it's benefiting from its membership model.
Rising national debt to reduce Americans' income growth: report
The rising national debt is projected to slow American households' income growth, with higher levels of debt shaving off about one-third of those gains, a new report finds.
Higher interest rates could cost US companies $380B in 'slowly unfolding crisis'
Companies that refinance between this year and 2030 will pay an additional $381 billion in interest costs thanks to the rapid spike in borrowing costs.