Money & The Economy
News on Finance, Money, markets and the economy
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Tech Stocks Surge After Trump Admin Weighs Possible US Gov’t Stake In AI Companies
Several major AI stocks rose in early Monday premarket trading after President Donald Trump told reporters the U.S. government may…
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Jobs Report Blows Past Expectations In Welcome Bright Spot For Inflation-Plagued Economy
A new jobs report exceeded expectations despite the U.S. economy facing inflation and record debt. U.S. payrolls rose by 172,000 last…
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May Jobs Report Shows The Summer Hiring Season Started With A Bang
Friday’s jobs numbers confirm what small businesses already know: The underlying economy is far stronger than the mainstream media and financial…
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Energy Giants Warn Another Oil Price Spike Coming Soon
Leading executives at ExxonMobil and Chevron sounded an alarm during a recent Bernstein conference: Global oil inventories are plunging to…
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Wall Street Giants Bet Big On Tech As The Iran War Roils Global Markets
Wall Street aims to pour more money into Big Tech despite the Iran War’s strain on global markets. Goldman Sachs…
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JetBlue Says Jet Fuel Will Get Even More Expensive As Iran War Continues
JetBlue hiked its second-quarter forecast for jet fuel prices on Monday amid the Strait of Hormuz’ continued closure, Reuters reported.…
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Help! SSA Says I’m Not Eligible for Benefits
Dear Rusty: Help!! The Social Security Administration says I didn’t pay enough into my Social Security account, despite being a business…
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ExxonMobil Executive Issues Stark Warning To US Consumers
An oil executive warned on Thursday that global oil prices may soar even higher as reserves dwindle. ExxonMobil Senior Vice…
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Major Oil Company’s Shareholders Ditch Blue State’s ‘Woke Cartel’ For Texas
ExxonMobil shareholders voted Wednesday to reincorporate in Texas and leave New Jersey rejecting two global advisory firms’ recommendations. Seventy-one percent of…
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Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels
The personal savings rate fell to its lowest level in roughly four years on Thursday as Americans continued to dip…
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US Voters’ Confidence In Economy Nosedives To Nearly 4-Year Low
Americans’ confidence in the economy has dropped to a nearly four-year low, according to a Gallup poll released Friday. Gallup’s…
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House Finally Takes Stab At Fixing America’s Housing Crisis. But Will It Actually Do Anything?
The House overwhelmingly passed a housing affordability bill Wednesday that would limit major investors from purchasing single-family homes while allowing…
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New CBS News Poll Shows Continued Loss Of Faith In Economy By Americans
American voters have become more pessimistic about the economy since the start of the conflict with Iran, according to a…
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American Household Debt Reaches New Record, Report Shows
American household debt reached a record $19 trillion, the Federal Reserve reported Monday. Household debt increased by $18 billion to…
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About Social Security’s “First Year Rule” and Withdrawing from SS
Dear Rusty: I am 63 years old, and about to apply for my Social Security benefits. I am self-employed but only…
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