Money & The Economy
News on Finance, Money, markets and the economy
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Bidenomics: Trade Deficit Hits New Record as Inflation Grows, Supply Chain Issues Worsen
The U.S. trade deficit hit a record high of $80.9 billion in September as exports fell sharply while imports increased…
Read More » Anything With Wheat In It Will Probably Be More Expensive
Global wheat prices surged in recent months, fueled mainly by droughts and poor harvests, signaling higher food prices in the…
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Even More Great Reader Tips
Planting a backyard vegetable garden is a terrific idea, but it can be a pricey — and time-consuming.Today’s first reader…
Read More » Jobless Claims Drop To 269,000, A Post COVID-19 Low
The number of Americans who filed for new unemployment claims decreased to 269,000 in the week ending Oct. 30 as…
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Bidenomics: Price Of Oreos Is Going Up Because Of Inflation, Manufacturer Says
The company behind popular snacks like Oreos announced Tuesday that it would increase its prices to combat the rising cost…
Read More » Fed Scales Back Bond Purchases As Inflation Rises
The Federal Reserve announced Wednesday that it would begin scaling back its monthly bond purchases in November, marking the first…
Read More »John Deere Workers Reject New Contract, Extend Strike
Workers at Deer & Co. rejected a second contract offer from the company that would increase their pay by 10%,…
Read More »Zillow To Shut Down House-Flipping Business, Lay Off 1,500 Workers After Disastrous Earnings
Zillow is closing down its home buying and selling business and laying off 25% of its workforce after the online…
Read More »Private Payrolls Added 571,000 Jobs In October As Hiring Heats Up
Private firms’ payrolls increased by 571,000 in October, far exceeding experts’ expectations as hiring throughout the country heats up, according…
Read More »Parents: Stop Taking Out Parent Loans for Your Kids’ College
As a parent, you are responsible for taking care of your child, but you are also responsible for taking care…
Read More »Tesla Is Recalling Nearly 12,000 Vehicles Due To Software Glitch
Tesla issued a recall Tuesday for nearly 12,000 vehicles due to a communication glitch in the cars’ self-driving software program.…
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6 15-Minute Projects to Get Your Utility Bill to Rock Bottom
Here’s some good news: At least 120 utility companies have lowered electric, gas or water rates due to the Tax…
Read More » The Federal Reserve Is Misleading the Public About Inflation
Just how bad is the inflation problem? According to the Consumer Price Index (CPI), annual inflation from September 2020 to September…
Read More »Barclays CEO Resigns Over Alleged Ties To Jeffrey Epstein
Barclays chief executive Jes Staley will resign after reports of an investigation into his relationship with Jeffrey Epstein, the bank…
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California Port Worker Exposes Labor Union for Exacerbating Supply Chain Crisis
A California longshoreman, who works at California’s San Pedro Bay Port Complex, said labor unions are exacerbating the supply chain…
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