Money & The Economy
News on Finance, Money, markets and the economy
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Huawei CFO Admits to Lying About Activities in Iran
The Chief Financial Officer of Huawei Technologies Co. Ltd., Wanzhou Meng, 49, of the People’s Republic of China (PRC), appeared…
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Unemployment increases as Biden’s destruction of economy continues
US jobless claims rose for the second straight week, defying economist’s projections of job decreases. Some economists had predicted jobless…
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Biden Effect: Jobless Claims Increase To 351,000 As Economic Recovery Slows
The number of Americans filing new unemployment claims increased to 351,000 last week as the economy continues to slowly recover…
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Construction Industry Experiences Slowdown As Labor, Supply Shortages Wreak Havoc
The construction industry is struggling to recover from the pandemic due to difficulties hiring workers and severe supply chain shortfalls,…
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Top OPEC Official Blames High Gas Prices On Global Shift To Renewable Energy
The Organization of the Petroleum Exporting Countries (OPEC), the powerful organization that oversees Middle Eastern oil production, blamed high gasoline…
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Democrats Are Trying To ‘Pry Away Financial Privacy’ In Tax Reporting Rules, Rep. Davidson Warns
A cryptocurrency tax reporting requirement tucked inside the $1 trillion infrastructure bill threatens Americans’ financial privacy and constitutional rights, Rep.…
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Biden Effect: Stock Market Nosedives As Massive Sell-Off Continues
Major stock market indices plummeted Monday in a continuing sell-off tied to China’s declining property value, a declining U.S. economic…
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CVS Racing To Hire 25,000 Workers As Labor Shortage Disrupts Business Nationwide
CVS Health announced it will attempt to hire 25,000 additional workers for clinical and retail positions as the U.S. labor…
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The Busler Single Rate Tax Plan Ensures All Americans Pay Their “Fair Share”
President Biden wants to finance his huge spending plans by raising taxes mostly on the highest income earners. He argues…
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Retail Sales Surprisingly Increased Last Month After Plummeting In July
Retail sales unexpectedly increased last month despite continued challenges facing the economy as it recovers from the coronavirus pandemic. Sales…
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Inflation pauses in August, but it will accelerate as Covid cases decline
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for August. The number was .3%, which is the smallest…
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BidInflation: E-Commerce Prices Have Skyrocketed
Online shopping prices have rapidly increased since the start of the pandemic as consumers rely more on e-commerce, according to…
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Raising the Debt Ceiling Will Be Washington’s Next Big Fight
For 55 of the last 59 years, the federal government has spent more money than the revenue it has raised.…
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Biden Effect: Small Business Owners Are Pessimistic About Economic Recovery, Poll Shows
Small business owners are hesitant to make additional investments due to pessimism regarding the ongoing U.S. economic recovery. Just 29%…
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Amazon To Pay Employees’ Full College Tuition In Latest Attempt To Attract More Workers
Amazon will begin paying college tuition for hundreds of thousands of its employees in an effort to attract more workers,…
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