Money & The Economy
News on Finance, Money, markets and the economy
Construction Industry Experiences Slowdown As Labor, Supply Shortages Wreak Havoc
The construction industry is struggling to recover from the pandemic due to difficulties hiring workers and severe supply chain shortfalls,…
Read More »Top OPEC Official Blames High Gas Prices On Global Shift To Renewable Energy
The Organization of the Petroleum Exporting Countries (OPEC), the powerful organization that oversees Middle Eastern oil production, blamed high gasoline…
Read More »Democrats Are Trying To ‘Pry Away Financial Privacy’ In Tax Reporting Rules, Rep. Davidson Warns
A cryptocurrency tax reporting requirement tucked inside the $1 trillion infrastructure bill threatens Americans’ financial privacy and constitutional rights, Rep.…
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Biden Effect: Stock Market Nosedives As Massive Sell-Off Continues
Major stock market indices plummeted Monday in a continuing sell-off tied to China’s declining property value, a declining U.S. economic…
Read More » CVS Racing To Hire 25,000 Workers As Labor Shortage Disrupts Business Nationwide
CVS Health announced it will attempt to hire 25,000 additional workers for clinical and retail positions as the U.S. labor…
Read More »The Busler Single Rate Tax Plan Ensures All Americans Pay Their “Fair Share”
President Biden wants to finance his huge spending plans by raising taxes mostly on the highest income earners. He argues…
Read More »Retail Sales Surprisingly Increased Last Month After Plummeting In July
Retail sales unexpectedly increased last month despite continued challenges facing the economy as it recovers from the coronavirus pandemic. Sales…
Read More »Inflation pauses in August, but it will accelerate as Covid cases decline
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for August. The number was .3%, which is the smallest…
Read More »BidInflation: E-Commerce Prices Have Skyrocketed
Online shopping prices have rapidly increased since the start of the pandemic as consumers rely more on e-commerce, according to…
Read More »Raising the Debt Ceiling Will Be Washington’s Next Big Fight
For 55 of the last 59 years, the federal government has spent more money than the revenue it has raised.…
Read More »Biden Effect: Small Business Owners Are Pessimistic About Economic Recovery, Poll Shows
Small business owners are hesitant to make additional investments due to pessimism regarding the ongoing U.S. economic recovery. Just 29%…
Read More »Amazon To Pay Employees’ Full College Tuition In Latest Attempt To Attract More Workers
Amazon will begin paying college tuition for hundreds of thousands of its employees in an effort to attract more workers,…
Read More »Jobless Claims Plummet To 310,000 As Enhanced Benefits End
The number of Americans filing new unemployment claims decreased to 310,000 last week as the economy struggle to recover from…
Read More »Expanded Unemployment Benefits Hindered Main Street Recovery, Small Business Owners Say
Pandemic-related unemployment benefits slowed the economic recovery by incentivizing out-of-work Americans to remain unemployed, small business owners said. “People won’t…
Read More »El Salvador Becomes First Country To Use Bitcoin As National Currency
El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, allowing Salvadorans to use the cryptocurrency to…
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