The German economy contracted more than expected as new restrictions imposed at the end of the year dampened household spending, data released by Destatis revealed on Friday. Gross domestic product fell 0.7 percent sequentially in the fourth quarter, reversing the 1.7 percent expansion in the third quarter. Economists had forecast the economy to contract 0.3 percent. On a yearly basis, […]
Read moreWhy the red hot housing market remains a safe investment Trex Company CEO Bryan Fairbanks explains what’s driving the home builders on ‘The Claman Countdown.’ Demand for mortgages took a big hit in the past week as the rate on the 30-year fixed mortgage rose for the fifth consecutive week. The rate increased to 3.72% from 3.64%, the highest rate […]
Read more
Employees Provident Fund Organisation (EPFO) data suggests that not only formalisation of jobs continued during second COVID-19 wave, but its adverse impact by far on formalisation of jobs was also much lower than during the first Covid wave Different indicators on employment have bounced back remarkably after showing a dip during April-June 2020 owing to nationwide lockdown as a result […]
Read moreBiden’s social spending bill hangs in the balance Kansas Sen. Roger Marshall discusses criticism of Biden from progressives growing as he continues to push for ‘Build Back Better’. President Biden will meet with the chief executives of 10 major corporations on Wednesday to promote the potential business benefits of his stalled spending bill as Democrats look to salvage key parts […]
Read moreThe Fed is ‘responsible’ for volatile markets in 2022 Penn Mutual Asset Management CIO Mark Heppenstall argues there’s ‘a lot of pressure’ on Federal Reserve Chairman Jerome Powell ahead of his press conference. The Federal Reserve on Wednesday signaled it could "soon" raise interest rates for the first time in three years, paving the way for a March liftoff as […]
Read more
Atul Keshap, the new president of the influential U.S. India Business Council, a veteran American diplomat, has served in various capacities during his career with the U.S. State Department. After achieving enormous progress in their overall relations, the U.S. and India must now set bold goals to take their ties to a new level and achieve the ambitious target of […]
Read moreGenerac CEO: Inflation is ‘definitely’ here to stay Generac Power Systems CEO Aaron Jagdfeld outlines the problems his company is facing, including more than 200 open positions and the need to increase wages. A generator manufacturer in Wisconsin is trying to balance more than 200 open positions and rising input costs as demand for its products continues to soar. Generac […]
Read moreRaising taxes will hurt our economy: Sen. Ron Johnson Wisconsin Sen. Ron Johnson joins ‘Kudlow’ to discuss the current state of economy under the Biden administration as well as the anniversary of the Capitol riot. A group of ultrawealthy people are asking governments around the world to make them pay more in taxes in order to help close a growing […]
Read more
Partly reflecting a sharp pullback in utilities output, the Federal Reserve released a report on Friday unexpectedly showing a modest decrease in U.S. industrial production in the month of December. The Fed said industrial production edged down by 0.1 percent in December after climbing by an upwardly revised 0.7 percent in November. Economists had expected industrial production to rise by […]
Read more