Money & The Economy
News on Finance, Money, markets and the economy
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Fed’s Waller Backs a December Rate Hike, Floats a Half-Point Move if Inflation Stays Hot
Federal Reserve Governor Christopher Waller said Tuesday he would back a quarter-point rate hike in December even if inflation cooled…
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Vanguard and Fidelity See Stocks Returning About 5.8% a Year, Far Below the 10% Many Retirees Plan On
Two of the biggest names in retirement savings now project U.S. stock returns well below the long-run average, a gap…
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Boeing to Cut 5% of Its Commercial Airplane Workforce as 737 Max Ramp-Up Stalls
Boeing will trim about 5% of its commercial airplane division, roughly 2,500 positions by one estimate, through layoffs and attrition…
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Stocks Post Best Day Since April as Dow Jumps 1,104 Points, but Nvidia Sinks 4%
Stocks roared back Monday as crude oil tumbled nearly $6 a barrel on easing Iran fears, giving the S&P 500…
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Gas Falls Below $4 a Gallon for First Time Since August, but GasBuddy Calls the Election Link a Myth
The national average for gasoline fell to $3.96 a gallon Monday, GasBuddy said, but its top analyst called claims that…
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Dow Futures Jump 376 Points After Rough Week, but Nvidia Slides on Board Probe of CEO Jensen Huang
Stock futures climbed Monday as investors hunted for bargains after last week’s post-midterm selloff, but Nvidia fell nearly 5% premarket…
Read More » How Can I Find out What I’ve Contributed to Social Security?
Dear Rusty: I have a simple question (I think). How do I find out how much I have paid into…
Read More »Ask Rusty – What Happens if Social Security Runs Out of Money to Pay Benefits?
Dear Rusty: What happens to seniors if the country runs out of funds to pay out monthly Social Security to…
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IRS Lifts 2027 Tax Brackets and Standard Deduction due to Inflation
The IRS raised 2027 income thresholds and the standard deduction for inflation, lifting the joint standard deduction to $33,200 and…
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U.S. Adds 165,000 Jobs in October as Unemployment Falls to 4.1%
Nonfarm payrolls rose 165,000 in October, far above forecasts near 59,000, while the unemployment rate edged down to 4.1% and…
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Wall Street Has AI-Induced Bloodbath As Exchange Has Worst Day Of Year
Wall Street suffered its worst selloff since April 2025 Thursday when fears of a slowdown in America’s artificial intelligence boom…
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Bank of England Raises Key Rate to 4%, First Hike in More Than Three Years
The Bank of England raised Bank Rate by 0.25 percentage points to 4% in an 8-1 vote, its first increase…
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Brent Briefly Tops $100 as Tanker Attacks Fuel Oil Rebound After Midterm Plunge
Brent crude briefly topped $100 a barrel Friday after settling at $98.29 Thursday, as fresh tanker attacks and U.S.-Iran tensions…
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Nasdaq Slides 5.5% Into Correction as AI Stocks Wipe Out Trillions After Midterms
The Nasdaq Composite fell more than 5.5% into correction territory Thursday as chip and AI-linked shares erased trillions in market…
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Jobless Claims Fall to 189,000, a 57-Year Low, as Q3 Productivity Surges 3.6%
Initial unemployment claims dropped 6,000 to 189,000 for the week ended Oct. 31, matching mid-July's low and the lowest level…
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