Money & The Economy
News on Finance, Money, markets and the economy
Biden Effect: Jobless Claims Surge Past 400,000, Far Higher Than Economists’ Expectations
The number of Americans filing new unemployment claims increased to 419,000 last week as the economy continues its recovery from…
Read More »Top Global Energy Agency Calls for Phasing Out of All Gas-Powered Cars, Coal-Fired Plants
A report from the International Energy Agency (IEA) proposed a radical policy agenda last month: Immediately end the approval of…
Read More »And the Number #1 Housing Market in America Is …
For the first time in more than a decade, my wife and I are looking at moving. So it piqued…
Read More »US Set To Hit Debt Ceiling Within Four Months, CBO Estimates
The federal government is on track to reach the statutory debt limit in the fall, which would trigger a government…
Read More »Labor Shortage Slows Oil Production In Major Fracking State
A shortage of workers has contributed to a significant crude oil production slowdown in North Dakota, the second-largest U.S. oil…
Read More »Why Australia’s Gold Rush Ushered in Political Freedom (as Well as Wealth)
Historically, the connection between gold and liberty is a potent one. Indeed, it is no exaggeration to assert—if you will…
Read More »Grocery Prices Could May Rise 10 to 14 Percent By October, Grocery Chain CEO Warns
American families are already struggling amid mounting price inflation that’s eating away at their budgets, with higher costs for housing,…
Read More »‘War On Small Business’: Top Advocacy Groups Rip Democrats’ Proposal To Strip Tax Deduction
Leading small business advocacy groups condemned Senate Democrats’ proposal to eliminate a key tax deduction as part of a tax…
Read More »What AOC’s Latest Viral Twitter Argument Gets Wrong About Capitalism and Profit
Rep. Alexandria Ocasio-Cortez has a bachelor’s degree in economics from Boston University. But despite the progressive congresswoman’s educational background, she…
Read More »Stock Market Plunges As Investors Fear Increasing Coronavirus Cases
Stocks plummeted throughout the morning and afternoon Monday as U.S. investors feared the negative economic effects of rising coronavirus cases.…
Read More »The Ugly Nastiness of Long-Term Inflation.
Since the country has not experienced the ugly nastiness of long-term inflation in more than four decades, the majority of…
Read More »Disney is Moving 2,000 Jobs From California to Florida—Here’s Why
One of the great things about America’s 50-state federal system is that people can vote with their feet in response…
Read More »‘A Good Sign’: Fewer People File For Unemployment In States Cutting Federal Bonus, Data Shows
States that withdrew from the federal pandemic unemployment bonus in June saw improving jobs numbers and fewer individuals filing for…
Read More »Pizza Chain CEO Slams Business Unwilling to Pay Workers ‘a Living Wage.’ There’s Just One Problem.
While a nationwide labor shortage has left many businesses struggling to find workers, some business owners say they are doing…
Read More »US Retail Sales Increased As States Ended Restrictions
U.S. retail sales jumped in June, boosted by states widely loosening coronavirus restrictions and businesses returning to full capacity. Retail…
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