Fed hikes interest rates to 22-year high as inflation fight resumes
The Federal Reserve delivered another interest rate hike on Wednesday, raising rates to the highest level since 2001 as it tries to crush high inflation.
Washington state sees highest gas prices in nation
Rep. Dan Newhouse, R-Wash., explains why his state has the highest gas prices yet the lowest unemployment rates in the nation on ‘Varney & Co.’
Parents plan to spend less on back-to-school shopping this year: survey
Parents plan to cut back on back-to-school purchases by 10%, spending an average of $597 per student, according to the Deloitte survey.
UPS-Teamsters deal threatens to keep inflation elevated
The tentative agreement reached by UPS and the Teamsters on Tuesday includes substantial pay increases for workers, threatening to keep inflation elevated.
Gov. Doug Burgum vows to innovate, not regulate: 'Economy should be sprinting'
2024 presidential candidate and North Dakota Gov. Doug Burgum explains how he'll get the U.S. economy booming and discusses the future of A.I. on 'The Claman Countdown.'
Duke's Campbell Harvey warns of the 'zombification' of banks: 'Something is wrong'
Duke University finance professor Campbell Harvey discusses whether more Fed's rate increases will trigger additional bank failures on 'The Claman Countdown.'
Inflation dropping substantially, but not under control: Art Laffer
Former Reagan economist Art Laffer discusses whether the Fed's inflation is over or alive and kicking on 'The Claman Countdown.'
Fed set to raise interest rates to 22-year high after June pause
The Federal Reserve is expected to raise interest rates for the 11th time at the end of its meeting Wednesday as it continues its fight against inflation.
Corporate America is in trouble: Jake Oubina
Piper Sandler managing director and senior economist Jake Oubina explains why he predicts a recession will begin at the start of the fourth quarter on ‘Mornings with Maria.’
Economists still see 50% chance of a recession this year
A majority of business economists believe the odds of a recession within the next 12 months are at 50% or less, according to a survey published by NABE.
High mortgage rates will weigh on the housing market for years
The U.S. housing market could take years to recover from the recent spike in mortgage rates, with property prices expected to fall at least 2.4% next year.
Can the economy have a soft landing?
Rosenberg Research president and founder David Rosenberg reveals whether the United States can avoid a recession on 'Barron's Roundtable.'
State budgets are 'tied to the strength, cycle' of markets: Thomas Dinapoli
New York State Comptroller Thomas Dinapoli explains how the budget put in place was based on 'more optimistic numbers.'
Apple to create its own version of ChatGPT
The Bullseye American Ingenuity Fund Portfolio Manager Adam Johnson discusses why Netflix and Tesla stocks are rapidly selling and why he will never sell his Apple stock on ‘Varney & Co.’
Economy is holding on, but expect S&P 500 to flatten out: Barry Bannister
Stifel chief equity strategist Barry Bannister and T3 Trading chief strategist Scott Redler provide their outlook on equities as the Dow, NASDAQ, and S&P 500 approach an 8-day winning streak on 'The Claman Countdown.'
Carvana shares surge on deal to cut debt by $1.2B
Shares of Carvana are up big on Wall Street midweek after a deal the used-car retailer landed with some of its bondholders to cut over $1 billion in outstanding debt.
Housing starts slump in June as building challenges persist
The Commerce Department reported that construction of new U.S. homes slid 8% last month, a sign that a deep freeze in the housing market is not over yet.
Steve Forbes: Fed has done enough damage, 'leave the economy alone'
Forbes Media Chairman Steve Forbes discusses what could happen to the U.S. economy once the Fed stops hiking rates on 'The Claman Countdown.'
NYC offices lost up to 50% of value representing billions in bank write-downs: Michael Rudder
FOX Business' Lydia Hu speaks to Rudder Property Group principal Michael Rudder about New York City's office vacancy rates on 'The Big Money Show.'
NYC's sinking commercial real estate market will turn around: Michael Rudder
FOX Business' Lydia Hu speaks to Rudder Property Group principal Michael Rudder about solutions to NYC's slumping commercial real estate market on 'Varney & Co.'