Copper prices sink, flashing another recession warning

video Dr. Copper is volatile, but in huge demand: Market expert Villere Balanced Fund portfolio manager George Young explains why he is bullish on copper on ‘The Claman Countdown.’ Copper suffered its worst weekly plunge since the early days of the COVID-19 pandemic, flashing the latest warning sign that a recession could be looming on the horizon. The metal — […]

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Mortgage rates jump as home affordability drops

video FOX Business Flash top headlines for July 14 Check out what’s clicking on FoxBusiness.com. U.S. mortgage rates are up again after two straight weeks of declines, as the cost of homeownership continues to price would-be buyers out of the housing market. That's causing some potential buyers to back out of deals, lessening competition and increasing the number of homes […]

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More Than Half of Americans Fear Recession Coming

A new study from Lending Tree’s personal finance site MagnifyMonkey shows that about 70% of Americans believe a recession is coming. Additionally, over half of those surveyed believe the recession will happen by the end of this year. The research included responses from 2,000 people. What is not clear is what this will do to consumer spending. Inflation already has […]

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Wishing or washing? Green claims under spotlight

The corporate regulator is keeping a close eye on attempts at greenwashing by investment firms amid warnings from fund managers of a looming, lesser-known issue of “greenwishing”. Greenwashing – where companies and fund managers misrepresent how ethical or sustainable their operations or investment products are – has been a rising as investor pressure prompts operators to make commitments on their […]

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Student loan forgiveness: Biden administration proposes sweeping changes to fix 'broken system'

video Biden extending moratorium on student loans through August FOX Business’ Lydia Hu reports on the latest developments, noting the move does not go far enough for progressive Democrats who are calling for a cancellation.  The Biden administration proposed wide-ranging changes to student loan forgiveness programs that would reduce the bureaucracy currently standing in the way of some borrowers having […]

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Monkeypox testing expands with launch of first commercial lab

video Former CDC director: Monkeypox will have ‘limited impact’ nationwide Former CDC Director Dr. Robert Redfield weighs in on the recent spread of the monkeypox virus.  Testing capacity for monkeypox in the United States doubled this week after Labcorp rolled out its own commercial testing on Wednesday.  The clinical laboratory network will take in specimens from all over the United […]

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Job openings remain near record levels

video The Fed must ‘crush’ inflation now to prevent ‘years-long recession’: Expert Prochain Capital president David Tawil warns crushing the current inflationary environment could create ‘difficult’ financial troubles for consumers. Job hunters remain in the driver's seat as the total number of openings remained elevated in May as employers eager to fill positions continued to struggle.  The total number of […]

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US may be in recession, Atlanta Fed data show

video Financial expert: The Fed is going to continue to raise rates Jason Katz, UBS senior portfolio manager, discusses investing in the current market The Federal Reserve's key gauge for tracking U.S. economic activity currently estimates that gross domestic product shrank in the second quarter even more than in the first, increasing concerns that the country may already be in […]

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