Money & The Economy
News on Finance, Money, markets and the economy
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Recession Temporarily Slows Inflation. Proper Action Needed Now.
Inflation fell in July mostly because of the current recession in many of the world’s economies, including the U.S. and…
Read More » Activist Investment Firm Pushes California Oil And Gas Producer To Curb Oil And Gas Production
Kimmeridge Energy Management Company, an energy investment firm focused on advancing net zero emissions targets, owns a stake in California…
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Small Business Optimism Remains Near Record Lows
Small business optimism remains near record lows, as small business owners believe that inflation, supply chain problems and tax increases…
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Anti-ESG Fund Rakes In Millions After Two Days On The Market
Strive Asset Management’s anti-activist, energy exchange-traded fund (ETF) raked in over $60 million in funds in its first two days…
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EV Maker Rivian Reports Huge Losses Due To Inflation, Supply Chain
Rivian Automotive, an electric vehicle (EV) startup, reported on Thursday that its second-quarter net losses nearly tripled to $1.7 billion…
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Welcome to the full employment recession
The economy has just seen two successive quarters of negative growth in Gross Domestic Product (GDP). That means we are…
Read More » Inflation, Gas Prices Make Even Walmart Too Expensive As Foot Traffic Nosedives
Many Walmart shoppers who moved to more local budget options like dollar stores or Aldi when gas prices surged have…
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‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High
The Producer Price Index (PPI), which measures the average change in the prices set by producers, fell 0.5% in July,…
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Making Sense of the Mixed-Signal Economy
Recently the Bureau of Labor Statistics released its first estimate for gross domestic product (GDP) growth in the second quarter. The number was…
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Inflation Rages On As Gas, Food Prices Squeeze Americans
Inflation remains at historic highs, at 8.5% from July 2021 to 2022, according to a Bureau of Labor Statistics (BLS)…
Read More » ‘A Really Bad Quarter’: Public Retirement Funds Are Having A Brutal 2022
Public pensions lost a median of 7.9% from fiscal year 2021 to 2022, their worst performance since 2009, The Wall…
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High-Profile Investment Firm Suffers $23 Billion Loss On Big Tech
Japanese technology investment firm SoftBank Group Corp. lost more than $23 billion dollars in the second quarter of 2022, The…
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Booming Jobs Report Masks Uptick In Men Leaving The Labor Force
Women’s employment increased markedly from June to July, but the total number of employed working-aged men actually dropped in that…
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Strong July Jobs Report May Signal Mild Recession
The Bureau of Labor Statistics just reported a whopping 528,000 new jobs were added in July. That brings the unemployment rate down…
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‘Hiring Has Never Been Harder’: Small Business Owners Can’t Find Workers, Report Says
Employment at small firms fell in July for the first time in 2022 because they can’t find the right workers,…
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