Money & The Economy
News on Finance, Money, markets and the economy
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Consumer Demand Plummets for Second Month
Consumer prices up 12.5% in June as consumers spend more to purchase less Fetch Rewards, America’s No. 1 consumer-rewards app,…
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Decelerating Job Growth Expected for Remainder of 2022
Hiring trends are beginning a reversal in the United States, and according to a leading jobs index, a reduction in…
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June Job Numbers Point to Mild Recession
The Bureau of Labor Statistics just released the jobs report for June. The economy added 372,000 new jobs. That kept…
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Russia Is Supplying More Oil Than Ever To America’s Main Rival
Russia has surpassed Saudi Arabia as China’s largest supplier of crude oil, hitting a record export level in May, Reuters…
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Latest data shows economy in recession with stagflation
The first estimate for GDP growth in the second quarter of this year, will be available on July 28. If…
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Jeep Offers Special Limited-edition Gladiator and Wrangler ‘Freedom Package’ in Salute to Troops
As a tribute to U.S. military members, and to sell vehicles, Jeep is offering a military-themed, limited-edition Freedom package for…
Read More » Record Share of New-Car Shoppers Jumped Into a $1,000+ Monthly Payment
Average amount financed for new vehicles ticks above $40,000 in Q2 A new report shows that financing a new vehicle is growing…
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Biden Administration to Halt Atlantic, Pacific Offshore Drilling Despite Energy Crisis
The Biden administration announced Friday its plan to eliminate new offshore oil drilling in the Atlantic and Pacific oceans.…
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Financial Markets Report Worst Opening In Fifty Years
The worst financial opening to a calendar year in decades concluded Thursday. Everything from U.S. stocks to emerging markets, bonds…
Read More » Rising Prices, Mortgage Rates Make Homeownership Unaffordable Across Most of U.S.
Nearly One-Third of Average Wages Required for Major Home-Ownership Expenses During Second Quarter of 2022; Portion of Wages Consumed by Home…
Read More »Powell Admits That Fighting Inflation Could Lead To Recession
The Federal Reserve’s efforts to tamp down on inflation may lead to an economic recession, Fed Chair Jerome Powell admitted…
Read More »American’s Credit Use is Rising at the Wrong Time
Survey indicates Americans’ credit use has increased from this time last year, rising inflation and interest rates makes credit use…
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Consumer Expectations For The Economy Hit Lowest Point In A Decade
American consumers’ expectations for the future of the economy have hit their lowest point in almost 10 years, according to…
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INFLATION FIREWORKS: 4th Of July BBQs Just Got A Lot More Expensive
As Americans contend with soaring inflation, Fourth of July barbecues will offer no reprieve, with the average cookout estimated to…
Read More » New Vehicle Sales Expected to Lift Slightly in Q2 but Remain Down Year Over Year
Analysts say inventory shortages driven by global supply chain issues continue to place pressure on the automotive industry, with no…
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