Money & The Economy
News on Finance, Money, markets and the economy
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Holiday Sales Growth Slows As Americans Reel From High Inflation
U.S. retail sales from Nov. 1 to Dec. 24 grew only 3.1%, matching inflation and indicating that consumers are feeling…
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Majority Of Small Businesses Not Seeing Holiday Bump As Consumers Run Out Of Cash
In a poll of small business owners, 76% said that they had not seen an increase in sales during the…
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If Inflation Increases, Forget About Interest Rate Cuts
Recently, Federal Reserve chair Jerome Powell said that with the inflation rate falling and the labor market cooling, interest rates…
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Secretary Yellen Looks to Be Wrong Again
Treasury Secretary Janet Yellen recently talked about the progress that the Biden administration and the Federal Reserve have made toward…
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Here’s The Secret Behind Biden’s Jobs Numbers. Hint: It’s Not Manufacturing
The U.S. added a solid 199,000 nonfarm payroll jobs in November, but the composition of those newly added jobs was…
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Proposed Banking Regulations Won’t Save Sector But Will Hurt Your Wallet, Experts Say
Key U.S. regulators have proposed the Basel III endgame requirements that would place greater capital restrictions on banks, tightening credit…
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Airline mergers will improve efficiency and benefit consumers
JetBlue Airways wants to buy Spirit Airlines. Alaska Airlines wants to buy Hawaiian Airlines. Both deals must be approved by…
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‘A Bit Of An Awakening’: Wall Street Is Pulling Out Of China As Its Economy Teeters On The Brink
Wall Street is increasingly pulling its money out of China as the country’s economy continues to struggle amid a real…
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Here’s Where Americans Are Feeling The Greatest Pain Under Biden’s Economy
Prices across the economy have skyrocketed since President Joe Biden first took office, hurting Americans in certain sectors more than…
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Despite Rhetoric, Inflation Remains a Major Problem
The good news is that the annual inflation rate has fallen from a peak of 9.1% in June 2022 to…
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OPEC+ Is Cutting Oil Production Again
OPEC+ announced a new round of cuts to oil production on Thursday, The Wall Street Journal reported. The oil cartel,…
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‘Bear Some Responsibility’: Here’s How Biden’s Massive Spending Splurge Is Making Housing Unaffordable
President Joe Biden’s push for huge government spending has contributed to higher interest rates across the board, putting mortgages for…
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Blue State Residents Are Paying Way More For Energy Than Red States, New Report Shows
Residents of blue states with aggressive climate policies are paying significantly more for electricity and fuel than red states, according…
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Retailers Brace For Slow Holiday Season As Inflation Bites
Consumers are expected to cut back on discretionary spending this holiday season, hurting retailers, amid persistent inflation and declining savings,…
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These Four Key Economic Indicators Paint A Grim Picture For 2024
The newest economic indicators from the month of October point to the U.S. entering a recession at the beginning of…
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