Money & The Economy
News on Finance, Money, markets and the economy
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Biden Admin Warns High Gas Prices May be Right Around the Corner
President Joe Biden’s Treasury Secretary Janet Yellen said Sunday that Americans might pay more for gas this winter due to upcoming…
Read More » White House Labels Cryptocurrency Mining A Climate Threat
The White House believes that the federal government should reduce cryptocurrency mining as it is threatening the Biden administration’s climate…
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Fed Unveils Bleak Forecast In Another Troubling Sign For The Economy
The Federal Reserve released its Beige Book report on the nation’s economic health on Wednesday, indicating that the U.S. economy…
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A Massive Economic Storm Is Already Overhead And Nobody Seems To Notice
When ominously dark clouds roll in on a hot afternoon driven by a stiff wind, it doesn’t take a crystal…
Read More » Strong Job Market. Negative Growth. Is ‘Quiet Quitting’ the Problem?
Most economists say that the economy is either in a recession or very close. That means few if any, new…
Read More »Government Motors: GM Offers to Buy Dealership Refusing to Toe Electric Car Line
General Motors will offer a buyout to any Buick dealer that isn’t willing to invest in the brand’s all-electric shift,…
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Labor Market Remains Tight As Unemployment Ticks Up
The U.S. added 315,000 jobs in August, as unemployment rose slightly to 3.7%, according to data released by the Department…
Read More » Job Growth Slowed for Second Straight Month in August Missing Expectations
Signaling the continued slowing of the U.S. economy, employers reduced the number of jobs they offered by 50% in August…
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Paycheck 101: A College Grad’s Guide for How to Manage a Paycheck
There you are, a college graduate with your newly minted degree in one hand and a new job in the…
Read More » The ‘New Normal’ For Restaurants Is Being Understaffed
Restaurant chains across the nation are settling into the idea that they will be understaffed for the foreseeable future and…
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‘Far Greater Pain’: Jerome Powell Issues Grim Prediction On Reining In Inflation
The Federal Reserve will not stop interest rate raises designed to combat inflation even if the policy leads to damages…
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Revised GDP Numbers Show The Economy Is Definitely Shrinking
The Department Of Commerce revised the estimate of Gross Domestic Product (GDP) Thursday morning, finding similarly to July’s estimate that…
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Fashion Retailers Are The Latest To Feel The Squeeze
Nordstrom and Macy’s reported their second-quarter earnings Tuesday, with the two fashion retail giants joining retailers such as Walmart, Best…
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ENERGY CRISIS: Millions Of Americans Can No Longer Afford To Pay Their Utility Bills
At least 20 million American households, or one out of every six homes, are behind on their electricity bills as…
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Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy
Preliminary data from S&P’s Purchasing Managers’ Index, a prominent measure of business activity, indicates that U.S. businesses are cutting activity…
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