Money & The Economy
News on Finance, Money, markets and the economy
US National Debt Now Exceeds Total Value of GDP
The U.S. national debt now exceeds the size of America’s entire economy and the milestone may have been met as…
Read More »Apple Climbs to $2 Trillion in Market Value
Apple Inc. has become the first American company to reach $2 trillion in market value. The tech company’s price-per-share rose…
Read More »Amazon To Add Thousands Of Tech, Corporate Jobs In 6 American Cities
Amazon plans to create 3,500 new tech and corporate jobs in six cities nationwide, the company announced Tuesday. Most of…
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Biden’s wealth tax would be unfair and counter-productive
Many politicians, all of them Democrats, are proposing taxes on wealth, especially for those who are very wealthy. Last year…
Read More » Weekly Jobless Claims Fall Below 1 Million For First Time Since March
Around 963,000 Americans filed new unemployment claims last week, marking the first time the figure dropped below 1 million since…
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Malls: The Reality After Coronavirus
News agencies and pundits are laser-focused on how they believe Trump screwed-up the Coronavirus response while ignoring the changes in…
Read More » July Jobs Report: 1.8 Million Jobs Added, Unemployment At 10.2%
The U.S. economy added 1.8 million jobs in July, while unemployment fell to 10.2%, according to Department of Labor data…
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1.19 Million Americans Filed For Unemployment Last Week
The Department of Labor reported Thursday that over 1.19 million Americans filed additional claims for unemployment last week, a slight…
Read More » Businesses Drastically Reduced New Hires In July According To Private Payroll Processor
Private sector job creation for displaced workers slowed in July, with private payroll increases not meeting the growth expected by…
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‘Catastrophic’ Consequences For Small Businesses If There Is No Relief Bill, CEOs Tell Congress
Over 100 executives called for immediate action to save small businesses, in an open letter published Monday. The letter said…
Read More » The Recession is deep, but likely short-lived
The Bureau of Economic Analysis announced that GDP in the second quarter of 2020 decreased by a whopping 32.9%. Since GDP declined…
Read More »LOCKDOWN LOSS: US Sees Worst-Ever Contraction For Second-Quarter GDP
The United States gross domestic product (GDP) fell 9.5% (32.9% annualized) in the second quarter of 2020, the Department of…
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Remington Files For Bankruptcy Amid Nationwide Unrest, Surge In Gun Purchases
Remington Arms Co. filed for bankruptcy amid nationwide unrest and surging gun sales. The firearm company filed for chapter 11 protection,…
Read More » Gold Hits Record Price Amid Coronavirus, US-China Tensions
The price of gold rose to an all-time high Monday, reaching $1,943 an ounce and eclipsing the previous record of…
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Unemployment Claims Rise For The First Time Since April To 1.4 Million
The Department of Labor reported Thursday that over 1.4 million Americans filed additional claims for unemployment last week, marking the…
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