Money & The Economy
News on Finance, Money, markets and the economy
‘Americans Are Hurting’: 19 States Urge Congress To Reject Policies That Would Cause Higher Energy Prices
A 19-state coalition urged Congress to reject a proposed methane fee that would punish producers as energy prices continue to…
Read More »Federal Reserve Finally Begins Taking Small Steps To Fight Surging Inflation
The Federal Reserve said in September that it would begin taking steps to combat growing inflation in the U.S. economy,…
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Wholesale Inflation Increases To Record High As Supply Chain Disruptions Continue
The Producer Price Index, which measures inflation at the wholesale level, rose 8.6% in the 12 months before September, marking…
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September CPI Points to a Potential Wage-Price Spiral
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for the month of September. Even though it…
Read More » Inflation Rises Again As COVID Recovery Slows And Supply Chains Remain In Chaos
The Consumer Price Index increased 0.4% in September, bringing the key inflation indicator’s year-over-year increase to 5.4%, the U.S. Bureau…
Read More »‘Nobody Wants to Work’: Record 4.3 Million People Quit Their Jobs In August As Workers See Opportunity In Chaotic Labor Market
A record 4.3 million Americans quit their job in August as retail, bar, and restaurant industries saw the largest surge…
Read More »IMF Expects Less Economic Growth From US Amid Supply Chain Chaos
The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health…
Read More »Food Prices Increasing As Companies Face Supply And Labor Shortages
Food prices have surged as companies battle increasing costs, labor shortages and supply chain problems, The Wall Street Journal reported.…
Read More »BIDENOMICS: US Economy Added 194,000 Jobs In September, Badly Missing Expectations
The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to…
Read More »Is The Shift To Renewable Energy Propelling Us Into An Energy Crisis?
Rapidly increasing energy costs across Europe and Asia have prompted warnings of an impending U.S. crisis and calls for policy…
Read More »Former Fed President: Government Snooping on Bank Transactions Over $600 a “Massive Search Without a Search Warrant”
A proposal from the Biden Administration that would require banks to monitor personal accounts and report all financial transactions over…
Read More »GM Wants 1 Million Self Driving Cars On The Road Within The Next Decade
GM’s majority-owned autonomous vehicle subsidiary, Cruise, announced Wednesday that it wants 1 million self-driving cars on the road by 2030.…
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Heating Bills to Skyrocket this Winter
By the time winter refill orders hit the peak, prices could be triple what they were under the last administration
Read More » Biden Plan Would Sabotage US Economic Competitiveness in One Huge Way, Analysis Finds
Image Credit: iStockPhoto.com, Lazy_Bear | US Secretary of Defense via Flickr | CC BY-SA 2.0 | (https://creativecommons.org/licenses/by/2.0/) resident Biden has…
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