Money & The Economy
News on Finance, Money, markets and the economy
Tesla Recalling 54,000 Vehicles Because Self-Driving Feature May Run Stop Signs
Tesla is recalling thousands of vehicles due to a software glitch enabling the cars to run through stop signs. The…
Read More »-
Latest Data Confirms – The Economy is Overheated
The Bureau of Economic Analysis (BEA) just released the first estimate for real GDP growth for the fourth quarter of…
Read More » -
Biden Reportedly Plans To Regulate Crypto Over National Security Concerns
President Joe Biden is set to announce guidelines for regulating cryptocurrencies in the coming weeks, Barron’s reported. The initiative will…
Read More » -
Key Inflation Indicator Soars To Highest Level Since 1983
A key inflation gauge reached its highest level since 1983, the Commerce Department reported Friday. The core Personal Consumption Expenditures…
Read More » -
Jobless Claims Decrease in Tight Labor Market
The number of Americans who filed new unemployment claims decreased to 260,000 in the week ending Jan. 22 as the…
Read More » -
Federal Reserve Sticks To Rate Hike Schedule, Signals End To Asset Purchase Stimulus
The Federal Reserve will keep interest rates near zero, and it will begin its rate hike in mid-March, Federal Reserve…
Read More » -
Biden Admin to Release Millions of Barrels From Strategic Reserve to Combat Surging Gas Prices
The Department of Energy (DOE) announced Tuesday the release of millions of barrels of oil from the Strategic Petroleum Reserve…
Read More » -
IMF Projects Weaker Than Expected Global Economic Growth For US, China
The International Monetary Fund (IMF) cut its global economic growth forecast for 2022 on Tuesday, citing growing COVID-19 cases, supply…
Read More » It’s time for the Blue Dog Democrats to follow their principles
In the 1994 off-year election, the House of Representatives flipped from Democrat to Republican. After 40 years in the minority,…
Read More »General Electric Saw Decline In Sales Due To Supply Chain Problems
General Electric (GE) reported a disappointing fourth-quarter earnings report as the electricity giant pointed to continuing supply chain woes to…
Read More »-
Stock Markets Break Single-Day Record For Volatility
Stock markets broke their single-day record for volatility Monday, having the largest turnaround in 13 years, multiple sources reported. The…
Read More » -
Here’s How To Fight Inflation Without Destroying The American Worker
With the Federal Reserve’s first meeting of 2022 set for Wednesday, talk of surging inflation and how to deal with…
Read More » Biden Calls Inflation ‘a Great Asset’ Going into Mid-Term Elections
Perhaps President Biden was just saying the quiet part out loud when he said over a hot microphone that inflation…
Read More »-
Trump’s Entertainment Venture Outperforming All Similar Companies
Former President Donald Trump’s entertainment venture is currently outperforming all other special purpose acquisition companies (SPACs), according to a recent…
Read More » -
‘Modern Supply-Side Economics’ Will Exacerbate Inflation
Last year, the Federal Reserve officials said they were basing their shockingly irresponsible monetary policy on Modern Monetary Theory (MMT).…
Read More »
