Money & The Economy
News on Finance, Money, markets and the economy
Dow And S&P 500 Close At Record Highs For Third Straight Day
The Dow Jones Industrial Average and S&P 500 stock indices closed at record highs on Thursday for the third consecutive…
Read More »‘The Court’s Hands Are Tied’: Federal Judge Upholds New Eviction Moratorium
A federal judge ruled Friday that the Biden administration could continue to enforce its new eviction moratorium, but cast doubt…
Read More »July inflation number shows supply chain disruptions are not the cause
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for the month of July. The .5% increase in consumer…
Read More »Republican Senator Takes Aim At a Democratic Tax Credit That Disproportionately Benefits the Rich
As part of their ongoing efforts to address climate change, Democrats have supported a variety of policies over the years…
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Consumer Prices Rose at Highest Levels Since 2008 Last Month—Again
Are rising consumer prices becoming part of the “new normal?” We’re now on Day 500-and-something of “15 days to slow…
Read More » BidInflation: Consumer Prices Surge 5.4%, Led By Food And Energy Costs
Inflation increased at a rapid 5.4% clip compared to August 2020, the Department of Labor said Wednesday. The Consumer Price…
Read More »Ted Cruz Just Perfectly Explained Why Congress Shouldn’t Regulate Cryptocurrency
The sweeping “infrastructure” legislation making its way through Congress takes a pretty flexible view of what counts as “infrastructure.” Evidently,…
Read More »Ted Cruz Just Perfectly Explained Why Congress Shouldn’t Regulate Cryptocurrency
The sweeping “infrastructure” legislation making its way through Congress takes a pretty flexible view of what counts as “infrastructure.” Evidently,…
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How many ‘blue-collar’ jobs will Biden’s bipartisan infrastructure bill create?
The bipartisan infrastructure legislation moving through Congress could end up on President Biden’s desk before we know it. The $1…
Read More » #DontKillCrypto: The Infrastructure Bill Contains a Poison Pill for Crypto: Senators Wyden, Lummis, and Toomey Try to Stop It
The infrastructure bill currently being debated in the Senate has come under fire by those in the cryptocurrency community. In…
Read More »Don’t Envy Rihanna’s Billion Dollar Empire. Celebrate It
Forbes this week reported that Rihanna is now a billionaire—and then some. Forbes estimates the pop-singer and entrepreneur’s wealth to…
Read More »Based on July Jobs Report No More Stimulus is Needed
The Bureau of Labor Statistics just reported very strong job growth for July. The economy created a whopping 943,000 new…
Read More »On Eviction Moratorium, Progressives’ Beef Is With the Constitution—Not the Supreme Court
The Supreme Court and the White House appear headed for a showdown. On Tuesday, the Centers for Disease Control and…
Read More »On Eviction Moratorium, Progressives’ Beef Is With the Constitution—Not the Supreme Court
The Supreme Court and the White House appear headed for a showdown. On Tuesday, the Centers for Disease Control and…
Read More »Populist Claims About Stagnant Wages Are Misleading, Federal Reserve Data Show
Last week, Rep. Ro Khanna tweeted about the disparity in CEO and worker wage growth since 2009. He wrote, “From…
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