Money & The Economy

News on Finance, Money, markets and the economy

Top Automaker Takes $1.3 Billion Dollar Bath On Key EV Line

Top American automaker Ford hemorrhaged over a billion dollars on electric vehicles (EV) in the first quarter, leading to massive…

13 hours ago

Economic Growth Down, Inflation Up: Stagflation Ahead?

The Bureau of Economic Analysis just announced that real gross domestic product growth for the first quarter of this year…

14 hours ago

Tesla Reports One Of Its Worst Quarters In Years In Latest Sign Of Trouble For EV Market

Tesla disclosed a shaky earnings report to the public on Tuesday in the latest sign of weakness in the U.S.…

2 days ago

Biden’s EV Policy Will Slow Innovation

President Biden believes that Americans should be driving electric vehicles rather than those with gasoline powered engines. His plan was…

4 days ago

Electric Vehicle Maker Launches Another Round Of Layoffs As Demand Slows

Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for…

1 week ago

Home Sales Drop In March As Mortgage Rates Surge Over 7%

Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing…

1 week ago

Tesla Announces Huge Layoffs As Sales Slow

Electric vehicle (EV) maker Tesla sent an internal memo notifying staff that the company would be laying off more than…

2 weeks ago

Feds Collected $34,400 Per Household In Taxes In 2023

The federal government collected approximately $34,400 in taxes per American household in calendar year 2023, according to data published by…

2 weeks ago

Investors Scramble To Adjust Their Portfolios After Inflation Surge |

Many investors are diversifying their portfolios from standard stocks and bonds as March’s inflation surge casts doubt on economy-boosting rate…

2 weeks ago

There’s One Thorny Issue Stopping Inflation From Going Away

Inflation continues to dog Americans thanks in large part to sky-high housing costs, which aren’t going away any time soon.…

2 weeks ago