Money & The Economy
News on Finance, Money, markets and the economy
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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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Natural Gas Prices Hit 14-Year-High After Biden Signs Dems’ Climate Bill Into Law
The price of U.S. natural gas futures reached its highest point since 2008 as gas demand continues to spike amid…
Read More » Ford Is Sacrificing 3,000 Workers To Boost Electric Car Production
Ford Motor Co. announced in a companywide email on Monday that it is laying off 3,000 employees in order to…
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Inflation Can’t Be Reined In Without Tanking The Economy
Nearly three-quarters of business economists believe that the Federal Reserve will not be able to bring inflation back to its…
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Economy Constrained by Competing Effects of Elevated Inflation and Strong Labor Market
Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to…
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Manufacturer Optimism Declines Amid Rising Inflation and Continued Supply Chain Challenges, Report Finds
As material costs increase and supply chain challenges continue to delay production, manufacturers’ optimism has declined, according to a new…
Read More » Here’s a plan to virtually eliminate the IRS, increase tax revenue and end cheating
The Inflation Reduction Act will add 87,000 employees to the IRS while increasing funding by $80 billion. President Biden says…
Read More »How Democrats Profit From Financial ‘Reform’
By now, America has already heard every member of the Democratic Party talk about voting for the recently passed (and…
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It Hasn’t Been This Expensive To Raise A Child Since The 1980s
The cost of raising a child to the age of 17 has climbed to $300,000, as the cost of necessities…
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41% of Workers Believe We’re Already in a Recession
Amid debate about whether the US is in a recession, a new survey reveals that 41 percent of workers believe…
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Major Economic Indicator Drops Further, Suggests a Recession
A major indicator of U.S. economic activity decreased by 0.4 percent in July 2022 to 116.6 (2016=100), after declining by 0.7 percent…
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A Major Warning Sign Just Flashed For The Housing Market
Privately-owned housing starts, which represents the start of construction on new privately-owned houses, fell 9.6% from June to July, a…
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Energy Costs Rise Most in Eight Northeastern States, California and Illinois
New Study Finds Energy Cost Increases From $623 to $2,682 per year from 2020 – 2022 A new study released today documents state-level homeowner…
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Inflation Cuts Into Paychecks as Functional Unemployment Inches Upward for July
Rising prices and workers moving to involuntary part-time status impact living-wage jobs Even though government-reported statistics show inflation easing and…
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