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Government shutdown delays October CPI report release indefinitely
Capitalist Pig hedge fund manager Jonathan Hoenig discusses the lingering impact of inflation on Americans’ finances and shares his exotic stock of the week on Varney & Co. The longest government shutdown in history has impacted the release of several key economic reports, including October inflation numbers that were due to be released on Thursday, leading […]
Consumer sentiment hits 3-year low amid government shutdown fears
The Big Money Show panel discusses how rising grocery, housing and utility costs are impacting lower-income households. U.S. consumer sentiment declined to its lowest level in more than three years and near an all-time low as households’ concerns about the economic impact of the government shutdown mounted, according to new data. The University of Michigan’s Index […]
Bessent says South Carolina rare earth plant breaks China’s chokehold
Treasury Secretary Scott Bessent discusses the administration’s efforts regarding rare earth minerals, affordability in the U.S. and the state of the jobs market during an exclusive sit-down interview with FOX Business’ Edward Lawrence. Treasury Secretary Scott Bessent told FOX Business’ Edward Lawrence that South Carolina’s new rare earth mineral processing center will help cut costs […]
McDonald’s CEO warns high beef costs continue to strain restaurant industry
‘The Big Money Show’ panel discusses a decrease in fast-food sales and how they are affected by inflation. McDonald’s CEO Chris Kempczinski is warning that persistently high beef costs continue to strain the restaurant industry as inflation remains elevated. During the company’s third-quarter 2025 earnings call Wednesday, Kempczinski told investors that inflation has proven to […]
Government shutdown delays third-quarter GDP report as Fed estimates show growth
Bank of America CEO Brian Moynihan warns the prolonged government shutdown is dragging on the U.S. economy, delaying deals, freezing IPOs and threatening jobs as key approvals grind to a halt. The ongoing government shutdown delayed the release of the Commerce Department’s initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest […]
Fed cuts interest rates for second time amid signs of labor market weakness
Jerome Powell delivers remarks after announcing the Feds decision on interest rates. The Federal Reserve on Wednesday announced its second interest rate cut of this year as policymakers moved to support the labor market despite inflation remaining above the central bank’s target. Fed policymakers voted to lower the benchmark federal funds rate by 25 basis points […]
Social Security COLA for 2026 revealed after being delayed due to shutdown
Social Security Administration Commissioner Frank Bisignano details efforts to combat waste, fraud and abuse on ‘The Bottom Line.’ The annual inflation adjustment for Social Security benefits was released on Friday, and beneficiaries are set to see larger benefits in 2026. Social Security’s annual cost-of-living adjustment (COLA) will be 2.8% next year, following the announcement by […]
September CPI: Inflation remained well above the Fed’s target
Banrion Capital Management founder & CEO Shana Sissel analyzes the Federal Reserve’s approach to inflation, the impact of AI on job markets and more on ‘Making Money.’ Inflation stayed elevated in September and remained well above the Federal Reserve’s target rate as policymakers prepare to meet next week to decide on their forthcoming interest rate […]
US businesses and consumers bear majority of tariff costs, study finds
Apollo Global Management chief economist Torsten Slok weighs in on President Donald Trumps threat to increase Chinas tariffs, his outlook for the economy and more on Barrons Roundtable. A new analysis breaking down the passthrough of tariff costs finds that U.S. businesses and consumers are shouldering the majority of the cost at this point, rather than […]
US consumer sentiment holds steady in October despite inflation fears
State Street Investment Management CIO Michael Arone discusses consumer spending, defensive stocks and more on ‘The Claman Countdown.’ U.S. consumer sentiment held steady in October, though Americans’ concerns about the labor market and inflation persisted as the government shutdown began. The University of Michigan’s preliminary consumer sentiment survey for October was little changed from last month, […]