New home sales unexpectedly slide as prices hit record high

Angel Oak Capital Advisors CIO Sam Dunlap breaks down the ‘historic supply and demand mismatch’ that has construction lagging behind historical levels. New home sales unexpectedly fell in May as…

Obama ethics chief: Hunter Biden selling art at ‘obviously inflated prices’ to mystery buyers feels ‘grifty’

Former President Obama’s ethics chief ripped into President Biden’s son, Hunter Biden, for selling his art at prices ranging up to half a million dollars to anonymous buyers.  Walter Shaub,…

The natural-gas glut has evaporated, driving prices higher

IHS Markit Vice Chairman Daniel Yergin offers his predictions amid the ‘unprecedented increase in demand’ as the economy recovers from the COVID-19 pandemic. Natural-gas prices are starting the summer air-conditioning…

US home rental prices hit highest level in 2 years

Check out what’s clicking on FoxBusiness.com. Home rental prices, which dropped in many U.S. cities throughout the coronavirus pandemic, have reached their highest level in about two years.    As…

The $35 lobster roll? Why prices are spiking for the summer delicacy

Fox Business Briefs: A favorite summertime sandwich may cost more due to the price of lobsters skyrocketing to nearly double the price per pound. The price of lobster rolls could…

Homebuilding bounces back as lumber prices cool

Zillow President Susan Daimler argues the hot housing market ‘feels really sustainable’ as pandemic ‘reshuffling’ continues and more millennial buyers age into the market. U.S. homebuilding bounced back in May…

Lumber prices plunge, Sherwood Lumber COO explains what’s driving the decline

Kyle Little, Sherwood Lumber’s chief operating officer, explains why he believes the plunge in lumber prices was ‘inevitable.’ Kyle Little, Sherwood Lumber’s chief operating officer, argued on “Mornings with Maria”…

Kraft Heinz CEO ‘very concerned’ about inflation surge, says company studying whether to raise prices

Charles Schwab global chief investment strategist Jeffery Kleintop gives different take on the inflation scare on ‘Kudlow’ Kraft Heinz CEO Miguel Patricio says the food and beverage giant is studying…

Producer prices surge 6.6% annually, most on record

BMO Capital Markets Chief Strategist Brian Belski discusses the effect of reopening on the economy, arguing Americans are figuring out new ways to spend money. Producer prices rose in May…

US stock futures gain ahead of retail sales, producer prices

Strategas Research Partner Chris Varrone, SlateStone Wealth chief market strategist Kenny Polcari and Kaltbaum Capital Management President Gary Kaltbaum discuss the 10-year Treasury yield, inflation and today’s markets.  U.S. stock…