Money & The Economy
News on Finance, Money, markets and the economy
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CBO Director Admits The Economy May Already Be In Recession
The economy could already be in a recession, the Congressional Budget Office (CBO) said in a Thursday letter sent to…
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Most Americans Think US Is In Recession
A majority of Americans believe that the country is currently in the midst of a recession despite the Biden administration’s…
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Digital Collectibles, Tokens & Intellectual Property
As the crypto world reels from massive volatility, non-fungible tokens (NFTs) are still shaking up the collectibles marketplace. They’re growing…
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Why Are Gas Prices Falling?
Anyone who has a car is breathing a sigh of relief this last week. After two years of increasing gas…
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‘Market Crash’: Robinhood Announces More Layoffs As Crypto Trading Tanks
Robinhood, a major player in the retail investing market, will be laying off 23% of staff, citing inflation and the…
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Red States Are Booming While Blue States Have Yet To Recover Post-Pandemic. Here’s Why
Red states have fared better economically than blue states post-pandemic thanks to an influx of new businesses and growing populations…
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This Small Tech Firm With Just 25M In Revenue Surged To Be A Top 15 International Company, And No One Knows Why |
A Hong Kong-based tech firm sold its shares at an initial public offering (IPO) on July 15th for $7.80 each; they’re…
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‘Whiplash’: Economists Warn Labor Market Is Next Victim of Inflation
The labor market is beginning to cool, as the number of job openings fell in June and labor force participation…
Read More » Here’s How Markets Reacted To Pelosi’s Taiwan Trip
Both U.S. and Chinese stock indexes are down early Tuesday following House Speaker Nancy Pelosi’s arrival in Taiwan. Chinese indexes…
Read More »Small Business Job Growth Slows in July; Hourly Earnings Growth Moderates Slightly
Hiring at U.S. small businesses slowed for the fifth consecutive month, according to a new report. The Small Business Jobs…
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Dollar Stores One of Few Business Thriving Under Biden’s Inflationary Policies
As American families are looking to cut costs amid historically high inflation, shopping at dollar and discount stores has increased…
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Gen Z Faces Surging Credit Card Debt as Inflation Skyrockets
Credit card debt amongst young consumers surged in the second quarter as high inflation caused challenges at the cash register and…
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‘Higher Than We Expect’: Top Fed Official Issues Grim Prediction On Reining In Inflation
Neel Kashkari, president of the Minneapolis Federal Reserve, poured cold water on optimism that the Fed could rein in inflation…
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Number of Consumers Living Paycheck to Paycheck Has Increased Year-Over-Year Across All Income Levels
61% or 203 Million Americans are Living Paycheck To Paycheck, Up from 55% a Year Ago33.5 million Americans spent more…
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Nearly Half Of U.S. Companies Plan To Add Staff In The Second Half Of 2022
46% are hiring for new roles; 45% will bring in more contract talentMore than 3 in 4 managers still worry…
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