DOJ reportedly pursuing criminal antitrust probe of major meatpacking companies
The DOJ is reportedly investigating four major beef companies in a criminal antitrust probe after Trump claimed meatpackers manipulated cattle prices.
How does Fed chair nominee Kevin Warsh view the central bank's inflation goal?
Fed chair nominee Kevin Warsh is testifying before the Senate Banking Committee and has previously signaled support for a range-based approach to inflation targets.
Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Fed chair?
President Donald Trump nominated former Federal Reserve Governor Kevin Warsh at the end of January to become chairman of the central bank.
Social Security’s next COLA projection might not go as far as retirees hope
A new analysis projects Social Security's 2027 cost of living adjustment at 2.8%, potentially raising the average retiree benefit by about $57 per month.
Bessent warns gas stations that Treasury Dept will keep them 'honest' after spike in prices
Scott Bessent warns gas stations that raised prices amid oil supply fears, saying Treasury will watch to ensure prices drop as conditions improve.
Inflation surged in March as Iran war's energy impact hit consumers
The Bureau of Labor Statistics released the latest consumer price index data which showed that CPI inflation surged in March as the Iran war's imapct took a toll on consumer prices.
Market is going to breathe, Kenny Polcari says
SlateStone Wealth chief market strategist Kenny Polcari discusses the market reaction amid the CPI report and conflict in the Middle East and assesses the bond market on 'Varney & Co.'
US economy grew at 0.5% in fourth quarter
The Commerce Department released its second and final revision for fourth quarter GDP which found the economy grew at a slower pace than was previously reported.
Fed's favored inflation gauge remained elevated in February, delayed report shows
The Commerce Department on Friday released the February 2026 PCE inflation report, which showed the Federal Reserve's preferred inflation gauge remained stubbornly high for consumers.
Is grocery relief a myth? Why coffee and beef prices are erasing your savings at the checkout
Fourteen of the 25 most common grocery staples rose in price over two years, with coffee up 55% and ground beef up 31%, a new CouponFollow report found.
Fed official says interest rate hike possible as gas prices, inflation remain elevated
Fed's Beth Hammack warns interest rates could rise if inflation stays elevated, citing uncertainty over the Iran war's impact on oil and gas prices.
New research shows a rise in the number of Americans breaking into the upper-middle class
'The Big Money Show' breaks down new data showing more Americans moving into the upper-middle class and what’s driving income gains.
Jamie Dimon warns Iran war could drive inflation, interest rates higher
JPMorgan CEO Jamie Dimon warns the Iran war may lead to stickier inflation and higher interest rates than markets currently expect in 2025 and beyond.
Trump touts unexpectedly high March jobs report as economy rebounds from weak February
March jobs report shows 178,000 new positions added, tripling forecasts. Trump says tariffs are driving factory construction and economic growth.
March jobs report shocks: Hiring jumps to 178K, far above expectations
'The Big Money Show' reacts as the U.S. adds 178,000 jobs in March, almost tripling expectations and signaling strength in the labor market.
NY Fed President John Williams warns Iran-driven oil spike could ripple through economy
Fed President John Williams warns that rising energy prices from the Iran War could spread across multiple sectors of the economy, affecting inflation.
Retirement 'magic number' jumps as Americans grow anxious about their financial futures
Americans now believe they need $1.46 million to retire comfortably, up $200,000 from last year, according to a new Northwestern Mutual retirement study.
Los Angeles sees major population drop as jobs shrink and residents flee
'The Big Money Show' analyzes new data showing Los Angeles County lost tens of thousands of residents, with fewer people moving in to replace them.
Fed's Jerome Powell says another supply shock is coming
Fed Chair Jerome Powell discusses how monetary policy approaches supply shocks like the pandemic and tariffs, adding that the energy market disruption present a new inflation test. (Credit: Harvard University)
Economist says energy prices will ‘linger’ after damage to Gulf infrastructure
FHN Financial chief economist Chris Low discusses rising inflation driven by energy and food prices and its impact on the US economy on 'Making Money.'