Money & The Economy
News on Finance, Money, markets and the economy
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Factory Output Hits Highest Level Since 2021 as Manufacturing Grows for 10th Straight Month
The ISM manufacturing index rose to 55.5 in October, beating forecasts, as factory production climbed to its strongest reading since…
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Stock Futures Rebound After Nasdaq’s Worst Month Since 2025 as Elections and Jobs Report Loom
Stock futures rose Monday after the Nasdaq 100 lost about 6.5% in October, as investors braced for a week packed…
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Hedge Funds Dump $20 Billion in Tech Stocks, Erasing Their AI Buying Since 2025
Hedge funds sold about $20 billion in technology stocks over two weeks, wiping out all their net AI stock purchases…
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U.S. Oil Slips Below $100 a Barrel as Iran Talks in Qatar Raise Hopes of a Deal
U.S. crude fell more than 4% to under $100 a barrel Monday as Iranian talks with Qatari mediators raised hopes…
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More Than 15,000 Veterans Hit With Higher Mortgage Payments After VA Ended Rescue Program
Veterans who fell behind on VA-backed loans are paying at least $150 more a month after the department ended a…
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Treasury Sells Record $839 Billion in One Week as Debt Tops the Size of the Economy
Washington borrowed a record $839 billion in a single week of auctions just as new figures showed debt held by…
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T-Mobile Profit Jumps to $3.46 Billion, but More Customers Leave After Rate Plan Shake-Up
T-Mobile's quarterly profit rose 27%, but more account holders left after the carrier overhauled its rate plans, and its CEO…
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China’s Factory Activity Shrinks at Fastest Pace in Three Months as Demand Cools
China's official manufacturing gauge fell to 49.3 in October, missing forecasts, as weak demand at home and cooling export orders…
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Gold Sinks to One-Year Low Near $3,880 as Silver Breaks Below $50
Gold fell about 3.5% Friday to its lowest level since October 2025 and is on track for its worst October…
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Obamacare Premiums Jump 13% for 2027 as Open Enrollment Begins Sunday
Benchmark ACA premiums are rising by double digits for a second straight year, and middle-income buyers who no longer get…
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Alaska Air Cuts 200 Jobs as Fuel Costs Push It Toward $700 Million Loss
The parent of Alaska and Hawaiian airlines is eliminating back-office jobs as jet fuel costs threaten its first non-pandemic annual…
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Paychecks Lose Ground to Inflation Again as Wage Growth Slows to 2021 Low
Wages rose 3.1% over the past year, the slowest since early 2021, while inflation-adjusted pay fell 0.6% and health insurance…
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Hackers Steal $6.3 Billion From Binance in Biggest Crypto Heist Ever
Blockchain analysts blame North Korea for the theft from the world's largest crypto exchange, which says it will cover every…
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Dem Mayor Revives Pre-2008 Mortgage Playbook That Helped Fuel Housing Crisis
Democratic Philadelphia Mayor Cherelle Parker said Tuesday that the city hopes to launch a publicly backed mortgage program before the…
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Amazon Misses Estimates as AI Spending Pushes Cash Flow $42 Billion Into the Red
Amazon's third-quarter revenue and profit fell short of forecasts and its shares slid after hours, even as AWS grew 39%,…
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