For nearly a century, the U.S. was the largest oil producer in the world. But rising demand and stalled production led to America's increasing dependence on foreign oil, and energy independence became the fight of every president. Today, we're nearly there. By 2020, the United States is predicted to become a net energy exporter. But how did we get there? » Read More
The race to make point-to-point space travel a viable transportation method is heating up as companies like Blue Origin and SpaceX continue to move toward developing passenger rockets. A plane ride from New York City to Shanghai is about 15 hours - and it could be as long as 29 hours with connecting flights. But with point-to-point travel, SpaceX says it could get you there in less than an hour. But how realistic is this approach to long-haul travel? » Read More
This video was originally published on April 8, 2019. Jim O'Neill, a former chief economist at Goldman Sachs, says the global economy is "definitely" slowing down. While this alone might not be indicative of a recession, he says a global shock of some sort could elevate the risk of an economic contraction. Particularly if something went "really, really badly wrong in China." » Read More
This video was originally published on March 4, 2019. Modern Monetary Theory (MMT) is gaining traction in American politics, energizing the progressive left and roiling deficit hawks. Stephanie Kelton, who advised Bernie Sanders' 2016 presidential campaign, explains the basics. She also talks about 2020, saying Democrat presidential hopefuls are swinging for the fences with ambitious policy proposals while Trump appears to have changed his thinking on the deficit and debt since his 2016 run. » Read More
This video was originally published on December 21, 2018. Richard Fisher, Barclays Senior Advisor and former president of the Federal Reserve Bank of Dallas, is concerned about debt in Europe. He also says America's "horrifically bad" education system is the biggest long-term threat to the U.S. economy. Fisher worries the U.S. will struggle to compete with other countries like China where he says there is more of a cultural emphasis on education – especially in science and math.
This video was originally published on November 26, 2018. Gary Shilling has made a career out of predicting bubbles. So what are the big risks he sees out in the global economy now? It's not necessarily a major shock that could drive the U.S. into a recession immediately, he says; he's concerned about emerging market debt the Federal Reserve raising interest rates.
There are many open questions about whether or not the tax reform bill passed by Congress and signed by President Trump in late 2017 has benefited the economy. But there is no question that it's been a boon to the investor class.
Inequality of income and wealth has surged in the U.S., where reliance on free-market forces has been especially strong compared to other advanced industrialized economies. The dynamics help those with higher levels of education, hurts the less-educated, especially in rural areas, and creates 'superstar' workers, companies and cities. Meanwhile, the middle class is being hollowed out. Here are some of the drivers of this troubling trend.
When the most powerful executives in the world have a problem they just can't crack, many of them turn to McKinsey - a prestigious and secretive consulting firm that has been influencing business and government decisions for decades. But now, as consumers require more transparency, the company has been thrust into the spotlight.
Achim Steiner leads the UN's Global Development Programme, where he works with governments to help lift their citizens out of poverty. Among the most notable countries tackling extreme poverty are China and India. Watch the video to learn what he thinks countries are doing well in their development, and what still needs to be done moving forward.
Bernie Sanders released his tax returns – and it turns out he made more than a million dollars in both 2016 and 2017. We dug through the 2020 presidential candidate's IRS filings to see how Bernie and his wife Jane make their money- mostly from book deals and the senator's salary. Watch the video to see how a democratic socialist known for slamming the rich became a millionaire.
Compounding investments is a powerful thing. Even regular investors can double their money in the market, time and time again, if they stick with their stocks over the long run. Josh Brown hits the streets to help people wrap their heads around exponential growth and real wealth building.
Citing the unanimous decision in U.S. v Nixon, Chairman of the House Judiciary Committee Jerry Nadler says he believes "ultimately, all these subpoenas will win in court."
Representative Jerry Nadler says that that Attorney General Bill Barr is either working to protect the president, or truly believes in such expansive executive power. Either way, it's dangerous, according to the Chairman of the House Judiciary Committee, who recently voted to hold Barr in contempt of congress after President Trump asserted executive privilege over the Mueller report.
The animosity between Jerry Nadler and Donald Trump goes way back. In the 1980s, the two fought in New York City over a proposed development. Trump's "ridiculous" plan was not built, but Nadler was not happy with the eventual compromise.
In an interview with CNBC's John Harwood, Chairman of the House Judiciary Committee Jerry Nadler says he's prepared for this moment his entire life. His criteria for impeaching the president is narrower than many Democrats might hope, and he says political repercussions need to be taken into account. But he's set on gathering the evidence necessary to prevent what he calls "the biggest Constitutional crisis" – Donald Trump "neutering Congress" and effectively creating a dictatorship.
Will President Donald Trump ever release his tax returns? This burning question dates back before Trump officially announced he was running for the highest office in the country. More than two years into his presidency, he still hasn't released them. And now, the whole issue is coming to a head. The Democratic controlled House Ways and Means Committee has subpoenaed Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig.
In this clip from Josh Brown's latest Twitter live show, Josh talks about why he's not always a fan of buying into big name IPOs on day 1. While LinkedIn, Facebook, Lyft and Uber's IPO's have all fared differently, he says one consistent trend is that IPO stocks often underperform the S&P 500 in their first year. He also talks about CEO Dara Khosrowshahi and the chances of founder Travis Kalanick being brought back in to run the company.
In this clip from the latest episode of Josh Brown's live show on Twitter, Josh talks about market volatility and how it differs from volatility in recent years. From ongoing trade tensions with China to other clouds looming on the horizon, Josh explains that sometimes it is helpful to have a little concern in the markets tempering excitement. Why? So investors don't have to endure "empire state building charts" as stocks spike and plummet everyday.
Child care costs vary from state to state, even county to county. But there is one common thread across the country – it's really expensive. Both parents and child care providers are struggling to make ends meet with the rising cost of child care.