Money & The Economy
News on Finance, Money, markets and the economy
Major Airline To Limit International Flights Due To Plane Shortage
American Airlines said Thursday it plans to cut international flights next summer due to Boeing’s inability to deliver new 787…
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Largest Chinese Residential Developer Defaults On Massive Debt
A major credit ratings firm declared that real estate giant China Evergrande was in default on Thursday, creating the potential…
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Online Inflation Soars Heading Into Busy Holiday Season
Online prices soared to record highs in November, according to Adobe Analytics. Prices online surged 3.5% on a year-over-year basis…
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Amazon Slapped With Massive $1.3 Billion Fine For Anti-Competitive Practices
An Italian regulator hit Amazon with a massive fine Thursday over alleged anti-competitive business practices. The Italian Competition Authority issued…
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Jobless Claims Decrease Far Below Expectations
The number of Americans who filed new unemployment claims totaled 184,000 in the week ending on Dec. 4 as employers…
Read More » What’s Better For Americans – a Strong or a Weak Dollar?
It goes without saying that the global COVID-19 pandemic and the ensuing worldwide lockdown measures saw major disruptions to business.…
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Child Tax Credit Is Driving Americans Toward Entrepreneurship
A new study suggests that the child tax credit is not reducing overall employment nationwide but is driving some low…
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US Trade Deficit Falls Sharply For First Time In 6 Months
The U.S. trade deficit narrowed considerably in October, with exports in energy and commodities offsetting a slight jump in imports,…
Read More » Toyota To Build Billion Dollar Battery Plant In North Carolina Creating Almost 2,000 Jobs
Toyota announced plans on Monday to build a multi-billion dollar battery factory in North Carolina that is reported to create…
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November Job Numbers Puzzling, but Economic Growth is Strong
The recently released November jobs report, gave some very puzzling and inconsistent information. The Bureau of Labor Statistics said that while…
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Fed To Pivot Away From Pandemic Era Stimulus as Unemployment Falls, Inflation Soars
The Federal Reserve is likely to shift away from its pandemic era stimulus programs as inflation continues to soar and…
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CEO Fires More Than 900 Employees On Video Conference
The chief executive of a New York City-based mortgage company laid off 900 employees Wednesday over a video conference call,…
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Yellen and Powell finally agree that today’s inflation is not transitory
Federal Reserve Chairman Jerome Powell testified in Congress. He said that the inflation we are experiencing today is not transitory. Rather, he…
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AARP Rakes In Record Profits Selling Brand Royalties While Overcharging Members
The American Association of Retired Persons (AARP) raked in massive profits in 2020, mostly from royalties on branded health insurance…
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‘Not Even Close’ To Seeing Light At The End Of The Tunnel With Inflation
Chris Markowski, the host of “Watchdog on Wall Street,” sat down with the Daily Caller News Foundation’s Samantha Renck to…
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