Money & The Economy
News on Finance, Money, markets and the economy
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Inflation Fears Surge As Economic Expectations Plunge
Americans grew more pessimistic about the economy in September as inflation expectations surged and consumers braced for higher fuel prices…
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Apartment Owners Face Refinancing Squeeze As $297,000,000 Billion In Debt Comes Due
Hundreds of billions of dollars in apartment debt is coming due as property owners confront higher borrowing costs, weaker rents…
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Skyrocketing Diesel Costs Hammer America’s Construction Industry
Construction companies are grinding their teeth as exploding diesel costs create headaches at jobsites across America. Construction companies rely on…
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Texas Plants First Rare-Earth Mining District In Hudspeth County
Texas is moving toward establishing its first dedicated rare earth mining district after the state entered into two new mineral…
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Prediction Market Biz Asks Regulator To Let Traders Bet With Borrowed Money. What Could Possibly Go Wrong?
Prediction market giant Kalshi asked federal regulators to let institutional traders use borrowed funds on event contracts, potentially pushing the…
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Saudi Arabia Reportedly Restarts Pipeline That Moved Oil Around Hormuz After Drone Attacks Knocked It Offline
Saudi Arabia has reportedly restarted its pipeline that bypasses the Strait of Hormuz after drone attacks forced it offline earlier…
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‘Double Whammy’: Holiday Travelers Face Higher Fares And Fewer Flights As Jet Fuel Costs Soar
United Airlines and American Airlines are cutting some flights from their December schedules as jet fuel costs climb, executives at…
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‘No Slack’ Left In US Refineries As Diesel Tops $6.50 A Gallon
U.S. refineries have little room to absorb another supply shock as diesel prices keep climbing, an energy analyst told the…
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Short Selling And Information Warfare: A Bet Against America
There’s something of a contradiction at the heart of American capital markets. The system we built to reward the builders…
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Mexico Moves To Buy American, Box Out China In USMCA Push
Mexico pledged Monday to buy more American goods and curb Chinese imports as it sought a trade deal with the…
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Why Europe Losing Saudi Oil Could Become America’s Problem
European refiners are turning to American crude and diesel just as the United States holds its lowest level of emergency…
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‘Quicker To Get A College Degree’ Than A Permit: Energy Leaders Say Delays Are Holding Back American Power
WASHINGTON — Energy policy leaders urged Congress on Thursday to pass a bipartisan permitting deal before the fast approaching midterm…
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Gas Industry Says Heating Costs Will Fall 14% This Winter
Households that heat with natural gas will spend about 14% less this winter, the industry’s main trade group projected Thursday.…
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Here’s What Fed Rate Hike Means For Your Wallet
The Federal Reserve’s Wednesday interest-rate hike could make carrying credit-card balances and taking out some new loans more expensive, while…
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Major Saudi Diesel Refinery Reportedly Hit As US Diesel Sits At Record
Oil loadings seemed to have stopped at Saudi Arabia’s main Red Sea port Tuesday as a major refinery there reportedly…
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