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Yesterday I spent time with Eric Balchunas recording a Masters in Business podcast. Balchunas is senior ETF analyst for Bloomberg Intelligence and author of “The Bogle Effect: How John Bogle and Vanguard Shook Wall Street and Saved Trillions of Investors.” It’s a fun conversation I’m sure everyone will enjoy. There are parts of our discussion
Apple recently laid off about 100 contractors in its recruiting division, according to a recent report from Bloomberg News. This is the latest sign that the tech sector is holding back new hires. Facebook’s parent company Meta, along with Amazon (which is a Marketplace underwriter), Alphabet, Microsoft and several others made similar announcements this year.
Economist Doug Holtz-Eakin joins “The Evening Edit” to discuss the impact of the Inflation Reduction Act on the inflation problem in the United States. Lowe’s is handing out $55 million in quarterly bonuses in a bid to ease some cost pressures its frontline hourly workers in the United States are facing due to high inflation.
A new riddle in our economy where everything is weird: home builders say the United States is in a “housing recession”. But rents are at an all-time high and official rent inflation continues to rise. If you’re a new tenant thinking you’ve never seen anything like 2022 in your life, you’re not alone. In Manhattan,
NEWYou can now listen to Fox News articles! Left-leaning media networks including MSNBC, ABC and CNN finally realized that the Cut Inflation Act was not actually reducing inflation, but not before the massive spending program had already been enacted. The bill, which passed the Senate earlier this month and the House of Representatives last week,
Extreme heat and drought conditions hit the United States, Europe and China, compounding problems for workers and businesses at a time when economic growth is already slowing sharply and adding to upward pressure on prices . In the Chinese province of Sichuan, all factories have been ordered to close for six days to save electricity.
NEWYou can now listen to Fox News articles! Sen. Ron Johnson, R-Wis., has called the Democrats’ Inflation Cut Act “Orwellian” because he claims the bill will do nothing to reduce inflation. “Consider how Orwellian the name of this bill is,” Johnson told Fox News Digital. “It will not reduce inflation. It will increase the costs
Former Toys ‘R’ Us CEO Gerald Storch says the sentiment is reflected in retail earnings reports and new data that shows Americans cut spending in stores in July. Former Toys ‘R’ Us CEO Gerald Storch said Wednesday that Walmart and Target profits serve as “big indicators” of the health of the US economy. “During the
Analysts generally expect public companies to perform better than non-public developers in the latest housing crisis. Pictured here in Guangxi, China on August 15, 2022, is a building complex being developed by state-owned conglomerate Poly Group. Edition of the future | Edition of the future | Getty Images BEIJING — Cash flow for Chinese property
The CIO of Northwestern Mutual Wealth Management discusses the evolution of consumer spending and the deepening recession in “The Claman Countdown”. Here are the key events taking place on Thursday this could have an impact on trade. BED, BATH AND BEYOND: The retailer’s shareholders have been on a rollercoaster ride in recent days. The shares