Eurozone economic confidence weakened to the lowest level in nearly two years in September as all surveyed business sectors reported marked declines, signaling a recession in the currency bloc, survey results from European Commission showed Thursday. The economic confidence index declined more-than-expected to 93.7 in September from 97.3 in the previous month. The index hit the lowest since November 2020. […]
Read morevideo Fed’s inflation response will drive America into ‘deep recession’: Jeremy Siegel Wharton business school professor Jeremy Siegel analyzes the Federal Reserve’s policies, warning that the Fed’s actions will make a “deep recession” inevitable. Did the U.S. economy actually slide into a recession in the first half of the year? New data that will be released by the government on […]
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New home sales in the U.S. unexpectedly showed a substantial rebound in the month of August, according to a report released by the Commerce Department on Tuesday. The report showed new home sales skyrocketed by 28.8 percent to an annual rate of 685,000 in August after plunging by 8.6 percent to a revised rate of 532,000 in July. The surge […]
Read morevideo Why is the strong dollar wreaking havoc on the market? Phil Blancato and Ann Berry provide insight on the Fed’s response to rising inflation and the state of the U.S. economy on ‘Making Money.’ The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. It's a sign of the alarm in financial […]
Read morevideo FOX Business Flash top headlines for September 22 Check out what’s clicking on FoxBusiness.com Mesa Airlines bought 29 two-seat aircraft for its pilot development program as part of its efforts to combat the ongoing pilot shortage, the regional airline announced Thursday. The planes will help build the airline's pilot development program, which aims to provide pilots with an accelerated […]
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The Federal Reserve announced its highly anticipated monetary policy decision on Wednesday, raising interest rates by another three-quarters of a percentage point. Citing its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed decided to raise its target range for the federal funds rate by 75 basis points to 3 […]
Read morevideo NAHB CEO: This is a ‘real bad time’ for housing NAHB CEO Jerry Howard evaluates the decline of the housing market and if the recession could devolve into a housing depression on ‘Varney & Co.’ The price of buying or renting a home has skyrocketed in recent years as demand surged during the pandemic in a time of low […]
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The Commerce Department released a report on Tuesday showing an unexpected spike in new residential construction in the U.S. in the month of August, although the report also showed a steeper than expected slump in building permits. The report showed housing starts soared by 12.2 percent to an annual rate of 1.575 million in August after plunging by 10.9 percent […]
Read morevideo FOX Business Flash top headlines for September 20 Check out what’s clicking on FoxBusiness.com A Texas judge ruled Monday that Charter Spectrum must pay about $1.1 billion in damages to the estate and family members of 83-year-old Betty Thomas, who was murdered by a cable repairman inside her home in 2019. A jury initially awarded more than $7 billion […]
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