Money & The Economy
News on Finance, Money, markets and the economy
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Miami Has Its Own Cryptocurrency And Wants To Start Paying Citizens In Bitcoin
Miami will soon start paying its citizens in Bitcoin, the city’s mayor, Francis Suarez, announced Thursday. “We’re going to be…
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Real Wages Declined 0.5% in October Amid Mounting Inflation
Wages rose 0.4 percent in October. That’s good news, right? Not so fast. New inflation data reveal that despite nominal…
Read More » Elon Musk Dumps $5 Billion In Tesla Stock
Tesla chief executive Elon Musk sold about $5 billion worth of shares in the electric car company this week, days…
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Bidenomics: Inflation Surges To Highest Level In 30 Years
The Consumer Price Index increased 0.9% in October, bringing the key inflation indicator’s year-over-year increase to 6.2% as supply shortages…
Read More » Weekly Jobless Claims Drop To New Pandemic Low
The number of Americans who filed new unemployment claims decreased to 267,000 in the week ending Nov. 6 as the…
Read More »How One Entrepreneur is Banking on the ‘5th Revolution’ with GeniusU
You’ve probably heard about the “metaverse.” Facebook CEO Mark Zuckerberg is banking big on it. He’s not the only one. You can…
Read More »Fed Action, Job Report, Infrastructure- a little more growth, a lot more inflation
What a week we just had. It started with the American electorate soundly rejecting the policies of the people currently…
Read More »General Electric To Split Itself Into Three Companies
General Electric announced plans Tuesday to split itself into three separate companies in the aviation, healthcare and energy sectors. The…
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Inflation Increases At Record Rate For Second Month In A Row
The Producer Price Index (PPI), which measures inflation at the wholesale level, rose 8.6% year-over-year as of October, growing at…
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Is It Just Me Or Is It Cold in Here?
These easy tips could cut your fuel consumption by 20% or more, and none requires more than 30 minutes of…
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Forget Expensive, Thanksgiving Dinner Staples May Be Hard to Find
Thanksgiving dinner may be the next victim of President Biden’s unhandled supply chain crisis, according to a Wall Street Journal…
Read More » Inflation Expected To Surge For At Least Another Year, A Key Economic Indicator Shows
Inflation grew throughout October, increasing for the twelfth consecutive month in a row, according to a key economic indicator. The median…
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Biden Administration ‘Hopes’ Gas Doesn’t Reach $4 A Gallon
The Biden administration hopes the price of gasoline won’t reach $4 per gallon, but Americans should expect higher energy costs,…
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Bidenomics: Cereal Giant Raises Prices Due To Inflation, Supply Chain Problems And A Labor Strike
Cereal giant Kellogg announced Thursday that it expects to raise prices as inflation, supply chain problems and a recent labor…
Read More » US Adds 531,000 Jobs In October, Exceeding Expectations
The U..S. economy recorded an increase of 531,000 jobs in October, and unemployment fell by 0.2% as the labor market…
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