We're in the infancy of the AI industrial revolution, Kenny Polcari explains
SlateStone Wealth chief market strategist Kenny Polcari discusses investing in tech and the state of the economy on 'The Claman Countdown.'
Mamdani’s public grocery stores may have devastating effects on city's food supply
Mayoral candidate Zohran Mamdani's plan for city-owned grocery stores faces criticism from economists and business leaders.
Walmart cuts out middlemen with first-ever beef facility as prices soar
Walmart's new beef facility in Olathe, Kansas, creates an end-to-end supply chain for Angus beef, improving transparency while addressing elevated prices and tight cattle supplies.
Canada rescinds digital services tax for the US: What is it and why did Trump want it gone?
Canada rescinded its 3% digital services tax that was due to take effect on Monday morning after President Donald Trump threatened to halt trade talks.
US expected to gain 7,500 millionaires in 2025, bringing $43.7B in wealth: report
The UAE and U.S. are the countries projected to lead in attracting millionaire migrants this year, while the U.K., China and India face the largest net outflows.
National Debt Tracker: American taxpayers (you) are now on the hook for $36,215,806,064,740.36 as of 6/27/25
The U.S. national debt is climbing at a rapid pace, on track to double over the next three decades amid a rush of spending by President Biden and Congress.
Critics say socialist mayoral frontrunner threatens NYC's economic capital
New York City mayoral candidate Zohran Mamdani's socialist platform with a $30 minimum wage and free childcare sparks debate over the future of the city's over-$1 trillion economy.
Trump says US terminating all trade talks with Canada over digital services tax
President Donald Trump said on Friday that because of Canada’s digital services tax on American tech companies, the U.S. will end all trade talks with its northern neighbor.
Summer gas prices hit lowest level in 4 years despite Middle East tensions
National average gas prices reached a four-year low, with analysts projecting stability through the Independence Day holiday despite tensions in the Middle East.
Students showcase trade skills at competitive event as US aims to solve skilled labor shortage
More than 17,500 people gathered for SkillsUSA's National Leadership & Skills Conference, which allowed students to compete across different trades and leadership fields.
Fed's favored inflation gauge shows consumer prices ticked slightly higher in May
The Commerce Department released the PCE inflation report for May which found the Federal Reserve's favored inflation gauge ticked slightly higher to 2.3%.
Secretary Bessent divulges details of trade deal between US, China
U.S. Treasury Secretary Scott Bessent details the reportedly signed U.S.-China trade deal, talks 'setting the table' for future tariff negotiations and weighs in on the president's 'big, beautiful bill.'
Jewelry retailer shops for buyers amid tariff struggles
Teen jewelry retailer Claire's explores sale options as it struggles with competition, Trump tariffs and consumer spending shifts while facing a $500 million loan due in 2026.
Dollar slides to 3-year low on report Trump plans to name next Fed chair early
The U.S. dollar sank to three-year low following reports that Trump plans to announce Powell's Fed chair successor early, with Kevin Warsh and Kevin Hassett among leading contenders.
US regulator directs Fannie Mae, Freddie Mac to consider cryptocurrency as an asset
FHFA instructed Fannie Mae and Freddie Mac to prepare proposals for including cryptocurrency as an asset for mortgage reserves without converting to U.S. dollars.
Mortgage rates fall for 4th straight week, lowest since early May
The average rate on the 30-year fixed mortgage fell this week to 6.77%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.81%.
Expert calls on Powell to lower interest rates: ‘At some point’ they have to
Former JPMorgan Chase chief economist Anthony Chan provides analysis of interest rates as Jerome Powell faces pressure to make a cut.
US economy shrank 0.5% in the first quarter of 2025 amid tariff uncertainty
The Commerce Department released its third estimate of U.S. gross domestic product for the first quarter and found the economy contracted at an annual rate of 0.5%.
White House pushes back on 'remarkably low' GDP forecasts for Trump-GOP tax bill
The White House disputes the CBO's $2.8 trillion deficit projection for Republican tax package, claiming the analysis understates economic output and productivity growth.
Wall Street panics over prospect of a socialist running New York City
Zohran Mamdani, a democratic socialist, defeated former Gov. Andrew Cuomo in the New York City Democratic mayoral primary race in a surprising victory on Tuesday.