Money & The Economy
News on Finance, Money, markets and the economy
June Jobs Report Points to a Rapidly Growing Economy
The Bureau of Labor Statistics (BLS) recently announced that 850,000 jobs were created in June. The unemployment rate was 5.9%. This figure…
Read More »No, Higher Wages Aren’t a ‘Silver Lining’ of Inflation
A recent CNBC article highlights a common economic fallacy surrounding the concept of inflation. The author claims that inflation can…
Read More »These 9 States Are Cutting Income Taxes to Boost Their Recovery
Finally, some good news. In nine states and counting, residents will owe less on their next state income tax bill…
Read More »Jobless Claims Increase To 373,000, Above Economists’ Predictions
The number of Americans filing new unemployment claims increased to 373,000 last week as the economy continues to recover from…
Read More »As Gas Prices Surge, We Need to Have a Conversation … about Cartels
Oil prices hit a 6-year high this week as talks between OPEC and its allies (collectively known as OPEC+) broke…
Read More »What Is the Great Resignation of 2021? (If You Don’t Know, You’ll Want to Read This)
If you don’t spend your days on TikTok or Reddit, you may be blissfully unaware of a growing movement urging…
Read More »Amtrak To Overhaul Fleet In $7 Billion Investment Supporting 2,100 Jobs
Amtrak will spend $7 billion to manufacture a new fleet of 83 trains in a project expected to support 2,100…
Read More »JUUL Agrees to Pay $40 Million Settlement, But Lobbying Disclosures Prove There’s More to the Story
The e-cigarette company JUUL recently agreed to pay the state of North Carolina $40 million in order to settle a…
Read More »Why the Arkansas Trooper Who Intentionally Rammed a Pregnant Woman’s SUV During a Traffic Stop Is Unlikely to Face Consequences
On the evening of July 9, 2020, Janice Nicole Harper was traveling in her car on Highway 67 in Arkansas…
Read More »The Federal Budget Deficit is about to Hit Record-Breaking Levels (Again)—Here’s Why
Debate continues in Washington about more multi-trillion-dollar spending plans. But we just got an ugly reminder that the federal spending…
Read More »Supermarkets Stock Up On Food, Office Supplies As They Brace For Even Higher Prices |
Food prices have been on the rise and supermarkets are stockpiling inventory as a result, The Wall Street Journal reported…
Read More »Target and Walgreens Are Making Drastic Changes Amid Skyrocketing Shoplifting in San Francisco
San Francisco ranks as the fifth-worst city in the US when it comes to retail theft. Now, the problem is…
Read More »Here’s the Flimsy Basis for Congress’s Claim that Cryptos Pose a ‘Systemic Risk’ to the Economy
There’s an old saying attributed to Mark Twain that says, “No man’s life, liberty or property are safe while the…
Read More »Hackers Demand $70 Million Ransom Payment After Attacking Hundreds Of Businesses
Hackers are demanding a $70 million payment from software company Kaseya after a successful ransomware attack that began Friday. Kaseya,…
Read More »Oil Reaches Highest Price In 6 Years Amid Low Supply, Output
Oil prices climbed to a six-year high Tuesday as the Organization of the Petroleum Exporting Countries (OPEC) and Russia continue…
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