Money & The Economy
News on Finance, Money, markets and the economy
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They Said Inflation Was transitory – Doesn’t look That Way
Economic advisers to former President Barack Obama recently criticized President Joe Biden’s spending policies and handling of growing inflation. “The…
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The Fed Could End Inflation, But Experts Say Wall Street Would Hate It
The Federal Reserve’s decision to reduce its monthly bond purchases amid growing inflation has contributed to a surge in prices,…
Read More » JP Morgan Sues Tesla, Says Company Owes It $162 Million
Investment bank JP Morgan filed a complaint against Tesla late Monday alleging the electric car company owes the firm over…
Read More »Walmart Sales Surge, Inventory Remains Stocked Heading Into Holiday Season
Walmart reported higher sales in the third quarter of 2021 after the company raised prices and consumers continued to shop…
Read More »Retail Sales Grew In October As Shoppers Faced Higher Prices Entering The Holiday Season
U.S. retail sales increased in October as shoppers faced the largest price increase in 30 years entering the holiday season.…
Read More »Top Obama Economist Larry Summers Comes Out Swinging Against Biden Admin Over Inflation Surge
Former Treasury Secretary Larry Summers, who served as head of the National Economic Council during the Obama administration, recently slammed…
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How Government Policy Can, and Should, End Inflation Now
The recently released Consumer Price Index (CPI) indicates that for the past year, overall prices have increased by a whopping…
Read More » Biden Blocks New Mexico Region Oil, Gas Leases at Request of Native American Tribes
The Biden administration banned new oil and gas leases on a large swath of federal lands in New Mexico after…
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Granholm Says Biden ‘All Over’ Gas Prices, Can’t List a Single Policy
Secretary of Energy Jennifer Granholm said President Joe Biden is “all over” rising gasoline prices but failed to name a…
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Goldman Sachs: Inflation Has Eclipsed COVID As the Biggest Threat to the Global Economy
Investment banking giant Goldman Sachs has issued a warning that out-of-control inflation is a more significant threat to the global…
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Bidenomics: Americans’ Faith In The Economy Plummets Further As Inflation Grows
U.S. consumer sentiment fell in November to its lowest level in 10 years as Americans grew increasingly concerned about inflation…
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Healthcare Giant Splits Into Two Separate Companies
Johnson and Johnson (J&J) announced Friday that it plans to break up its two companies, separating its consumer health business…
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Inflation Devastation! The Fed, Congress and Biden Must Act Now
The October Consumer Price Index number was a stunning .9%. That means prices have increased 6.2% in the last twelve months. The…
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Labor Crisis: Record Number Of Workers Quit Jobs in September as Labor Shortage Worsens
A record 4.4 million people quit their jobs in September, and job openings remained near a record high as labor…
Read More » Home Prices Soar In Third Quarter As Housing Market Remains Hot
Median home prices surged in the third quarter of 2021 in almost every housing market in the U.S., the National…
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