Latest Clips
Americans Owe $1.6 Trillion in Total Auto Loan Debt: Wallethub
Americans owe over $13,000 in auto loan debt per household and $1.6 trillion in total, according to a report released by personal finance website WalletHub on May 30. In the report, WalletHub ranked the cities with the largest auto loan debt increases based on its proprietary data on consumer debt from Q4 2023 to Q1 […]
FAA Won’t Allow Boeing to Boost 737 MAX Production Yet, Administrator Says
The Federal Aviation Administration (FAA) will likely keep Boeing’s current production cap in place for its 737 MAX model for a few more months as the company addresses safety concerns, FAA Administrator Michael Whitaker said on May 30. Mr. Whitaker made the announcement at a press conference after meeting with Boeing officials, including outgoing CEO […]
Americans Share Their Thoughts on Rising Prices of Fast Food
Are burgers the new Birkin bag? Rising prices and inflation now have Americans seeing fast food as a luxury item, according to a recent Lending Tree survey of 2,000 participants. NTD spoke with Americans on the street for their thoughts.
Home Insurance Rates Up Nearly 40 Percent Since 2019: LendingTree Data
Home insurance premiums are surging. According to the latest data from LendingTree, rates in the United States have shot up nearly 40 percent since 2019. It’s now roughly $2,500 a year. From January to March, home insurance rates have jumped 5.8 percent across the United States. Researchers are attributing this rise to a number of […]
Slower Consumer Spending Dragging Even Bright Spots of Economy: Researcher
Gross domestic product has dropped to its lowest since 2022, with consumer spending weaker on certain goods. NTD spoke with Paul Mueller, senior research fellow at the American Institute for Economic Research, about the health of the economy. He has an overview of the mixed results we’re seeing, with some sectors doing better than others. […]
China Banning Conspicuous Displays of Wealth on Social Media
No more showing off allowed for the wealthy class in China. The Chinese Communist Party is banning extravagant social media influencers who like to showcase their fancy cars, pricey clothes, and luxurious mansions.
Arbitration and Timing Biggest Concerns for Chevron-Hess Merger: Expert
The oil and gas industry consolidation continues with ConocoPhillips agreeing to buy Marathon Oil for $22 billion. The announcement comes at the same time as Hess shareholders signed off on a $53 billion sale to Chevron. S&P Global Ratings director Carin Dehne-Kiley warns an arbitration with Exxon over Guyana assets could put the sale in […]
Job Market Supporting Consumers Struggling With High Interest and Prices: Analyst
An unexpected improvement in U.S. consumer confidence was reported in May. Mark Hamrick, senior economic analyst at Bankrate.com, says the job market is supporting consumers but consumers are still struggling with high interest rates and prices. Mr. Hamrick explains how he sees these factors are impacting consumer spending and how the consumer outlook is concerning […]
Expert Warns Investors Assuming Unsustainable Market Trends
Market returns have been high and investors are banking on continued momentum. Analysts are expecting large earnings growth at the end of the year. But one expert is warning that investors are assuming unsustainable trends in the market. David Hay, co-chief investment officer and partner at Evergreen Gavekal, is seeing signs of trouble in certain […]
xAI Raises $6 Billion in Latest Funding Round, Boosting Valuation to $24 Billion
Elon Musk’s AI firm xAI raised $6 billion in its latest round of funding and raised its valuation to $24 billion. In xAI’s press release, the company says it is focused on developing AI that is truthful, competent, and maximally beneficial for all of humanity.
China Aims to Dominate Boeing by 2049: Expert
A military expert says that by 2049, if China has its way, it will displace Boeing as one of the leading producers of passenger airliners. He says the Chinese Communist Party is not encumbered by markets and shareholder obligations, so it can devote the resources necessary to build the world’s dominant aerospace sector—which will be […]
This Memorial Day Kicks Off a Buyer’s Market for New Cars: Auto Expert
Memorial Day weekend is shaping up to offer some of the best deals on new cars in years. The new car market is finally a buyer’s market again. NTD spoke to Lauren Fix, an analyst at Car Coach Reports, for what to know if you’re in the market for a new car.
Expert Raises Conflict of Interest Concerns Over McKinsey’s Pentagon Consulting Service
The Defense Department is spending millions of dollars every year on consulting services from big firms like McKinsey, but national security experts have raised concerns of unnecessary bloat as well as conflict of interest, since the consulting firms also work with foreign companies, including state-owned ones. For more insights, NTD spoke to Cale Brown. Mr. […]
Elon Musk Predicts AI Will Bring ‘Universal High Income’ but Lack of Meaning to Life
Elon Musk tells the 2024 VivaTech conference in France that artificial intelligence may bring universal high income but a lack of meaning to life. He says the science fiction book series “The Culture,” by Scottish author Iain Banks, is the most accurate portrayal of a future with super-intelligent AI.