Money & The Economy
News on Finance, Money, markets and the economy
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Green Stocks Surge After Dems Agree On Multi-Billion Dollar Spending Package
Green energy shares spiked on Thursday after Sen. Joe Manchin of West Virginia agreed to back a multi-billion dollar Democratic spending…
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The Fed’s Preferred Inflation Metric Just Surged In Another Warning Sign For The Economy
The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, continued to surge in June, according to…
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Are We In A Recession? It Doesn’t Matter To Americans Who Are Hurting, Economists Say
The Biden administration has disputed that the U.S. is actually in a recession despite two consecutive quarters of negative GDP…
Read More » Home buyers with lower credit scores pay an extra $104,000 in mortgage costs
Improving your credit score can save hundreds a month on your mortgageA borrower with a “fair” credit score could pay $103,626 more…
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The US Is Now Officially in a Recession
The Bureau of Labor Statistics just released its first estimate for gross domestic product (GDP) growth in the second quarter.…
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‘Oh My Gosh’: CNBC Host In Disbelief Over Dismal GDP News
CNBC host Rick Santelli reacted with shock to new Gross Domestic Product (GDP) numbers released Thursday. “Oh, my gosh,” Santelli…
Read More » Average Millennial Is More Than $100,000 in Debt
Nearly three-fourths of U.S. millennials have some form of non-mortgage debt, with the average millennial owing $117,000. Just 28% of millennials…
Read More »GM’s Profits Take $1 Billion Nosedive Amid Biden-Backed Electric Vehicle Push
General Motors’ (GM) second-quarter net earnings plummeted 40% from 2021 amid the company’s push to produce more electric vehicles (EVs),…
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International Monetary Fund Issues A Dire Prediction For The Global Economy
The International Monetary Fund (IMF) released an update to its “World Economic Outlook” report on Tuesday, revising global economic growth…
Read More » Tesla Slapped With Subpoena Over Elon Musk’s Tweets — Again
Tesla revealed Monday morning that it had been subpoenaed for a second time by the U.S. Securities and Exchange Commission…
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Western Bank Creates ‘Communist Unit’ In Order To Operate In China
Employees of HSBC Qianhai Securities, a London-based HSBC subsidiary in China, have formed a Chinese Communist Party (CCP) cell, making…
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Is it Time to Replace Powell and Yellen?
Federal Reserve Chair Jerome Powell’s recent comments indicate he will continue his string of inaccurate and wrong forecasts about the…
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Thank You, Putin, For the Drop in Gas Prices
Thank you, Putin, for the drop in gas prices. That statement is as hilarious as Joe Biden blaming Putin…
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A Slowdown is Coming and its Time For YOU to Quit Spending
The European Central Bank (ECB) announced Wednesday that it will have to issue its first rate hike in 11 years.…
Read More » Ford will Cut 8,000 Jobs to Pay for Electric Vehicle Push
Ford Motor Company will cut as many as 8,000 jobs to fund its electric vehicle initiative, according to a Bloomberg…
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