Money & The Economy

Inflation Not Due to Supply Chain, Price Gouging

President Biden continues to blame the high inflation on supply chain disruptions. Lately, he has put additional blame on businesses…

5 years ago

Billionaire Investor Goes After Two Board Seats At McDonald’s To Change Treatment Of Pigs

Billionaire investor Carl Icahn launched a proxy fight Monday for two board seats at McDonald’s Corp., pushing the company to…

5 years ago

Fed Approves Rules Banning Members From Trading Stocks, Bonds

The Federal Reserve formally adopted new rules Friday restricting the central bank’s senior officials’ ability to trade stocks, bonds and…

5 years ago

Biden Effect: US to Again Become Net Importer Of Oil Despite Vast Resources

The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation…

5 years ago

Wall Street Giant Swallows Up 12,000 More Apartments For $5.8 Billion

Blackstone Inc. bought out Preferred Apartment Communities and the 12,000 apartments it owned in the Southeast for $5.8 billion, according…

5 years ago

Obama Treasury Official Blames Federal Spending For Inflation Crisis

Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of the causes of the inflation…

5 years ago

Weekly Jobless Claims Increase To 248,000

The number of Americans who filed new unemployment claims increased to 248,000 in the week ending Feb. 12, the Labor…

5 years ago

Consumer Spending Surged In January As Inflation Reached Near 40-Year High

Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far…

5 years ago

Bidenomics: Wholesale Prices Surged Nearly 10% Over Past Year

The Producer Price Index (PPI), which measures the prices suppliers charge businesses and other customers, surged 1% in January amid…

5 years ago

Warren Buffett’s Company Invested $1 Billion In Activision Right Before Microsoft Buyout

Warren Buffet’s Berkshire Hathaway bought almost $1 billion in Activision shares in the fourth quarter of 2021, just months before…

5 years ago