December’s PCE inflation report is ‘embarrassing’ for the Fed: Tomas Philipson
Former Council of Economic Advisers Acting Chair Tomas Philipson reacts to December’s core PCE price inflation data, arguing that the report is ‘good news’ for the U.S. economy.
Big Tech retention is one of the ‘biggest things’ investors are looking out for: Eric Freedman
U.S. Bank Asset Management Group CIO Eric Freedman looks ahead to Big Tech earnings next week, revealing some of the ‘key things’ investors are watching in 2024.
Fed's favorite inflation gauge rose 0.2% in December
The Federal Reserve's favorite measure of tracking inflation rose 0.2% in December after declining the previous month as high consumer prices persist.
Consumers are propping up the US economy, but they're going into debt to do so
U.S. consumers have continued to power the economy with excessive spending, but they are racking up credit card debt and draining their savings to do so.
Americans' monthly debt payments surge since the pandemic
High prices, swollen balances and soaring interest rates have all contributed to a rise in the average amount Americans pay monthly to service their debt.
Inflation has been a little sticky: Phil Orlando
Federated Hermes chief equity market strategist Phil Orlando on his expectations for the core CPE report.
Fighting inflation: Experts share what behavioral changes, habits can save you major cash in 2024
Personal finance expert say a few helpful tweaks to habits and behaviors, including the adoption of "loud budgeting," can help people save big in 2024.
Joe Jonas and Sophie Turner’s former Los Angeles home on market for $19 million
A contemporary Southern California home once owned by ex-couple Joe Jonas and Sophie Turner is going on the market for $19 million. The home has six bedrooms and 12 bathrooms.
McDonald's spinoff CosMc's saw twice as many visits as regular restaurant in first month: report
Placer.ai research shows the CosMc's location in Bolingbrook, Illinois, attracted more than double the number of visitors of a traditional McDonald's location in December 2023.
Billionaire bond king Jeffrey Gundlach unveils his 2024 playbook
DoubleLine Capital CEO Jeffrey Gundlach provides his 2024 market outlook and weighs in on the Fed's inflation fight on 'Making Money.'
Fed 'soft landing' is undeniable: Kelsey Berro
JP Morgan Asset Management fixed income portfolio manager Kelsey Berro argues the economy is currently going through a 'soft landing' on 'Making Money.'
Mortgage rates climb, adding to affordability woes
Mortgage rates climbed again this week, with the 30-year fixed-rate averaging 6.69%. While rates have declined since the fall, home prices are expected to continue to rise.
Bitcoin ETF launch was successful despite the dip: Natalie Brunell
'Coin Stories' podcast host Natalie Brunell discusses whether Bitcoin could drop below $20K in 2024 on 'The Big Money Show.'
Billionaire investing magnate Joe Lewis pleads guilty to insider trading
British billionaire and Tottenham Hotspur owner Joe Lewis pleaded guilty to insider trading charges. He passed inside information to several associates, including two private pilots.
US fourth quarter GDP beats expectations and recession odds
Real GDP increased at an annual rate of 3.3% for the October-through-December period after rising 4.9% in the third quarter of 2023, according to the BEA's advance estimate released Thursday.
Global shipping rates skyrocket as Red Sea crisis deepens
Global shipping rates are rising rapidly after several months of attacks by Yemen's Houthi militants in the Red Sea, a key waterway for global trade.
Amazon no longer allowing police to solicit Ring doorbell video
Amazon-owned company Ring will no longer allow law enforcement to contact users on the products' Neighbors app, according to an announcement from the company's general manager.
Stew Leonard’s recalls cookies after woman, 25, dies from eating product that ‘contained undeclared peanuts'
Stew Leonard’s has issued a cookie recall after Connecticut health officials say they “contained undeclared peanuts" and are linked to a woman’s death.
US economy grew faster than expected during the 4th quarter
Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a 3.3% annualized rate during the fourth quarter.
We're getting 'very little bang for our stimulus buck': Stephanie Pomboy
Macromavens President Stephanie Pomboy discusses the Fed rate cuts, her expectations for the upcoming December PCE release and reacts to the 4Q GDP read.