Money & The Economy

Inflation, Gas Prices Make Even Walmart Too Expensive As Foot Traffic Nosedives

Many Walmart shoppers who moved to more local budget options like dollar stores or Aldi when gas prices surged have…

2 years ago

‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High

The Producer Price Index (PPI), which measures the average change in the prices set by producers, fell 0.5%  in July,…

2 years ago

Making Sense of the Mixed-Signal Economy

Recently the Bureau of Labor Statistics released its first estimate for gross domestic product (GDP) growth in the second quarter. The number was…

2 years ago

Inflation Rages On As Gas, Food Prices Squeeze Americans

Inflation remains at historic highs, at 8.5% from July 2021 to 2022,  according to a Bureau of Labor Statistics (BLS)…

2 years ago

‘A Really Bad Quarter’: Public Retirement Funds Are Having A Brutal 2022

Public pensions lost a median of 7.9% from fiscal year 2021 to 2022, their worst performance since 2009, The Wall…

2 years ago

High-Profile Investment Firm Suffers $23 Billion Loss On Big Tech

Japanese technology investment firm SoftBank Group Corp. lost more than $23 billion dollars in the second quarter of 2022, The…

2 years ago

Booming Jobs Report Masks Uptick In Men Leaving The Labor Force

Women’s employment increased markedly from June to July, but the total number of employed working-aged men actually dropped in that…

2 years ago

Strong July Jobs Report May Signal Mild Recession

The Bureau of Labor Statistics just reported a whopping 528,000 new jobs were added in July. That brings the unemployment rate down…

2 years ago

‘Hiring Has Never Been Harder’: Small Business Owners Can’t Find Workers, Report Says

Employment at small firms fell in July for the first time in 2022 because they can’t find the right workers,…

2 years ago

CBO Director Admits The Economy May Already Be In Recession

The economy could already be in a recession, the Congressional Budget Office (CBO) said in a Thursday letter sent to…

2 years ago