Money & The Economy
News on Finance, Money, markets and the economy
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Gas Prices Are Quietly Creeping Back Up As Biden Admin Touts ‘Bidenomics’
Gas prices have quietly been on the rise over the summer as President Joe Biden and his administration have touted…
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Major Automaker Pushes Back Electric Vehicle Production Target — Despite Biden Admin Subsidies
Ford Motor Co. said Thursday that it is pushing back its production target for electric vehicles (EVs), even as the…
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It Turns Out The Driving Range Of Electric Vehicles Is Even Worse Than Advertised
Electric vehicle manufacturers have exaggerated the driving range of their vehicles by more than twice as much as advertised in…
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‘Anemic Growth’: US GDP Moves Up Slightly
The U.S. economy grew at a rate of 2.4% in the second quarter of 2023, according to gross domestic product…
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Fed Chair Predicts Inflation Will Be With Us For Years
Federal Reserve Chairman Jerome Powell said he believes high inflation will be with us until 2025, even with record high-interest…
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Oil And Gas Aren’t Going Anywhere
A story at Bloomberg published Tuesday reports that billionaire investor Warren Buffett is continuing to raise his stakes in oil…
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Labor Strikes Unleash Wage-Price Spiral
Two years ago, I warned that the excess demand created by massive government spending and a shockingly irresponsible expansionary monetary…
Read More » UPS Avoids Major Strike In New Deal With Union
The labor union giant Internal Brotherhood of Teamsters has reached a tentative deal in negotiations with the United Parcel Service…
Read More »‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID
OpenAI CEO Sam Altman’s cryptocurrency initiative featuring a global ID and hopes for Universal Basic Income (UBI) officially launched on…
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Inflation Tanks Small-Dollar Donations To 2024 Campaigns
As prices across the country remain high, small-dollar donations have decreased for 2024 political campaigns, Politico reported Friday. Although inflation…
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Economists Warn of Coming ‘Recession’ Due To This Overlooked Warning Sign In Latest Jobs Report
Experts are sounding the alarm on the recent jobs numbers after the estimate included an unusually high amount of jobs…
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Economists Divided on Future Economic Activity
Since the pandemic, it has been extremely difficult for economists to accurately forecast the economy. Most of the reason is…
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Do ‘Junk Fees’ Really Deceive Consumers?
The latest in the government’s war against the economy: Joe Biden has announced success in eliminating so-called “junk-fees,” an unpopular…
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5 Reasons People Often End Up With Credit Card Debt
Today, we are seeing more credit card debt in the US than previously recorded. According to a recent report, Americans…
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Bidenomics? New Jobs Data Shows More Americans Are Struggling To Find Full-Time Work
New data from the Bureau of Labor Statistics (BLS) shows a large increase in the number of U.S. workers who…
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