Money & The Economy
News on Finance, Money, markets and the economy
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In a Hot M&A Market, Not All Combinations Are Winners
2021 has been a banner year for mergers and acquisitions. According to some estimates, M&A deals increased 158% in 2021 to…
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Bidenomics: Almost Half Of All Americans Say Inflation Caused Them Financial Hardship
Almost half of Americans said soaring prices created some form of financial hardship for their households, while 10% reported that…
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November Jobs Report Is One of the Worst Since Biden Took Office
The U.S. economy added 210,000 jobs in November, marking nearly the lowest number of jobs created in a month since…
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Biden Effect: Energy Firm Abandons Oregon Pipeline Project After Years of Regulatory Pushback
Canadian energy firm Pembina Pipeline Corp. pulled the plug on a years-long project that would have led to greater natural…
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Jobless Claims Increase in a Tight Labor Market
The number of Americans who filed new unemployment claims totaled 220,000 in the week ending on Nov. 27 as employers…
Read More » Coffee Prices Explode To 10-Year Highs That Could Last For Years
Coffee prices soared to a 10-year high on Monday, with experts projecting the high costs to last well into 2023,…
Read More »Cyber Monday Sales Drop For First Time Ever
Cyber Monday online sales dropped for the first time ever as consumers experienced fewer discounts and began their holiday shopping…
Read More »Fed Chair Says Omicron Variant Will Prolong Inflation Worries, Supply Chain Issues
The emergence of the Omicron coronavirus variant poses risks related to growing inflation concerns, supply chain bottlenecks and a recovering…
Read More »Nissan To Invest Billions In Battery Powered Cars As Companies Push For More EV Production
Nissan Motor Corporation announced a long-term plan to add multiple battery-powered vehicles to its portfolio on Monday. The Japanese car…
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Labor Board Orders New Union Election At Amazon Warehouse
The National Labor Relations Board (NLRB) ordered a new unionization election at an Amazon warehouse in Alabama, ruling that the…
Read More » Walmart CFO Leaving as Company Prepares for Busy Holiday Season and Growing Supply Chain Issues
Walmart announced Monday that Executive Vice President and Chief Financial Officer Brett Biggs would leave the company after working over…
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We Need Another Dose of Supply-Side Economics Today
In the early 1930s, the economy was in the midst of a very severe recession. At the time, the general…
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Stock Market Nosedives After Reports Of New COVID-19 Variant
The stock market plummeted Friday following reports that a new, more contagious variant is rapidly spreading in South Africa and…
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More Americans Than Ever Say They Won’t Be Buying Christmas Gifts This Year
A record number of Americans say they won’t be purchasing gifts for the holidays this year amid ongoing inflation concerns…
Read More » JP Morgan Exec Bows To China After Joking His Bank Will Outlast The CCP
JPMorgan Chase chief executive Jamie Dimon apologized Wednesday for saying that the bank will last longer than the Chinese Communist…
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