Money & The Economy
News on Finance, Money, markets and the economy
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Average Millennial Is More Than $100,000 in Debt
Nearly three-fourths of U.S. millennials have some form of non-mortgage debt, with the average millennial owing $117,000. Just 28% of millennials…
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GM’s Profits Take $1 Billion Nosedive Amid Biden-Backed Electric Vehicle Push
General Motors’ (GM) second-quarter net earnings plummeted 40% from 2021 amid the company’s push to produce more electric vehicles (EVs),…
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International Monetary Fund Issues A Dire Prediction For The Global Economy
The International Monetary Fund (IMF) released an update to its “World Economic Outlook” report on Tuesday, revising global economic growth…
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Tesla Slapped With Subpoena Over Elon Musk’s Tweets — Again
Tesla revealed Monday morning that it had been subpoenaed for a second time by the U.S. Securities and Exchange Commission…
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Western Bank Creates ‘Communist Unit’ In Order To Operate In China
Employees of HSBC Qianhai Securities, a London-based HSBC subsidiary in China, have formed a Chinese Communist Party (CCP) cell, making…
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Is it Time to Replace Powell and Yellen?
Federal Reserve Chair Jerome Powell’s recent comments indicate he will continue his string of inaccurate and wrong forecasts about the…
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Thank You, Putin, For the Drop in Gas Prices
Thank you, Putin, for the drop in gas prices. That statement is as hilarious as Joe Biden blaming Putin…
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A Slowdown is Coming and its Time For YOU to Quit Spending
The European Central Bank (ECB) announced Wednesday that it will have to issue its first rate hike in 11 years.…
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Ford will Cut 8,000 Jobs to Pay for Electric Vehicle Push
Ford Motor Company will cut as many as 8,000 jobs to fund its electric vehicle initiative, according to a Bloomberg…
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Here’s How Federal Financial Regs Unleashed Chaos For Traders Using Robinhood
Over the past year, shares of Berkshire Hathaway have traded at historically high levels, a surge likely due to Robinhood…
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Degree Snobbery is What’s Really Causing the Talent Crunch
Nearly two-thirds (65 percent) of employers are struggling to find talent62 percent of employers require a degree for entry-level jobs,…
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Inflation and market decline are causing people to rethink retirement
Gas prices, recession fears, and interest rates spark caution about job changes ., maker of America’s best-selling personal finance software,…
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California’s New Pro-Union Law Could Grind The Supply Chain To A Halt
California truckers are protesting against AB 5, a new regulation that would reclassify them as employees rather than independent contractors.…
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‘A Definite Slowdown’: Business Owners Say They’re Already Seeing Signs Of Recession
Companies of all sizes are pointing to slower business, inflation and profit declines as evidence the economy is heading toward…
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China’s Economy Craters As Severe Lockdowns Continue
China’s economy grew by just 0.4% year-over-year for the second quarter of 2022, according to data released by China’s National…
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