Money & The Economy
News on Finance, Money, markets and the economy
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Prices Edge Even Higher As Fed Chair Speculates If Inflation Is Really Under Control
Inflation jumped year-over-year in March amid speculation over whether the rate of inflation is really decelerating, according to the latest Bureau…
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Investors Are Bailing On Green Funds
Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible…
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JPMorgan CEO Slams Biden’s Natural Gas Pause, Issues Warning About Economy
Jamie Dimon, long-time CEO of JPMorgan Chase, criticized the Biden administration’s pause on new liquified natural gas (LNG) projects and…
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With CPI Up, Fed Must Now Raise Interest Rates
The Consumer Price Index for March was just released. The monthly CPI number indicated that overall consumer prices rose by…
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Americans Skipping Meals To Afford Housing Under Biden: POLL
A major real estate company released a survey on Friday which found that renters and homeowners are significantly reducing their…
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Bidenomics At Work? Part-Time Employment Surges For Another Month While Full-Time Falters
The number of Americans working part-time jobs surged in March, while full-time jobs declined slightly, according to data from the…
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Latest Job Gains Fueled By Foreign-Born Workers, Gov’t Employees
Huge job gains reported by the Bureau of Labor Statistics (BLS) in March were fueled largely by increases in government…
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Strong Jobs Data Means More Inflation, No Interest Rate Cuts
The U.S. economy added a whopping 303,000 jobs in March beating economists’ expectations of about 200,000 jobs. The unemployment rate…
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Layoffs Surge To 14-Month High As Inflation Crushes Employers
The number of people laid off from American companies reached the highest point since January 2023, according to data from…
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Prices In Key Insurance Sector Could Climb Even Higher After Baltimore Bridge Disaster
The recent collapse of Baltimore, Maryland’s, Francis Scott Key Bridge threatens to raise reinsurance prices for insurance companies, which could…
Read More » April Fools: Minimum Wage Increases to $20
Starting on April Fool’s Day, the minimum wage for all workers in the fast-food industry in California will increase to…
Read More »Home Costs Rising Twice As Fast As Americans’ Incomes
The cost to afford a median-priced home has increased at twice the rate that the average household income has risen…
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Top Chinese EV Maker Posts Massive Profits Amid Quest To Sneak Into US Market
BYD, China’s top electric vehicle (EV) maker, recorded a substantial increase in profits in its 2023 annual report published on…
Read More » Home Prices Rose At Fastest Pace In More Than A Year As Unaffordability Crisis Persists
The index for home prices increased in January at its fastest rate since November 2022 as supply constraints and inflation…
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Stellantis To Lay Off Hundreds Of Employees As Electric Vehicle Struggles Continue
Stellantis, the maker of American vehicle brands Dodge, Ram, Chrysler, and Jeep, announced Friday that it will soon lay off…
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