Money & The Economy

Strong Jobs Data Means More Inflation, No Interest Rate Cuts

The U.S. economy added a whopping 303,000 jobs in March beating economists’ expectations of about 200,000 jobs. The unemployment rate…

3 weeks ago

Layoffs Surge To 14-Month High As Inflation Crushes Employers

The number of people laid off from American companies reached the highest point since January 2023, according to data from…

4 weeks ago

Prices In Key Insurance Sector Could Climb Even Higher After Baltimore Bridge Disaster

The recent collapse of Baltimore, Maryland’s, Francis Scott Key Bridge threatens to raise reinsurance prices for insurance companies, which could…

4 weeks ago

April Fools: Minimum Wage Increases to $20

Starting on April Fool’s Day, the minimum wage for all workers in the fast-food industry in California will increase to…

4 weeks ago

Home Costs Rising Twice As Fast As Americans’ Incomes

The cost to afford a median-priced home has increased at twice the rate that the average household income has risen…

1 month ago

Top Chinese EV Maker Posts Massive Profits Amid Quest To Sneak Into US Market

BYD, China’s top electric vehicle (EV) maker, recorded a substantial increase in profits in its 2023 annual report published on…

1 month ago

Home Prices Rose At Fastest Pace In More Than A Year As Unaffordability Crisis Persists

The index for home prices increased in January at its fastest rate since November 2022 as supply constraints and inflation…

1 month ago

Stellantis To Lay Off Hundreds Of Employees As Electric Vehicle Struggles Continue

Stellantis, the maker of American vehicle brands Dodge, Ram, Chrysler, and Jeep,  announced Friday that it will soon lay off…

1 month ago

No Rate Cuts This Year. Maybe a Couple of Hikes.

The Federal Reserve’s Open Market Committee is holding their March meeting today. At the end of last year, most investors…

1 month ago

Huge Discrepancy In Jobs Data Could Be Making Biden’s Economy Look Way Stronger On Paper

Data from the Federal Reserve Bank of Philadelphia estimates that the U.S. economy added more than two-thirds fewer jobs in…

1 month ago