Money & The Economy

Decelerating Job Growth Expected for Remainder of 2022

Hiring trends are beginning a reversal in the United States, and according to a leading jobs index, a reduction in…

2 years ago

June Job Numbers Point to Mild Recession

The Bureau of Labor Statistics just released the jobs report for June. The economy added 372,000 new jobs. That kept…

2 years ago

Russia Is Supplying More Oil Than Ever To America’s Main Rival

Russia has surpassed Saudi Arabia as China’s largest supplier of crude oil, hitting a record export level in May, Reuters…

2 years ago

Latest data shows economy in recession with stagflation

The first estimate for GDP growth in the second quarter of this year, will be available on July 28.  If…

2 years ago

Jeep Offers Special Limited-edition Gladiator and Wrangler ‘Freedom Package’ in Salute to Troops

As a tribute to U.S. military members, and to sell vehicles, Jeep is offering a military-themed, limited-edition Freedom package for…

2 years ago

Record Share of New-Car Shoppers Jumped Into a $1,000+ Monthly Payment

Average amount financed for new vehicles ticks above $40,000 in Q2 A new report shows that financing a new vehicle is growing…

2 years ago

Biden Administration to Halt Atlantic, Pacific Offshore Drilling Despite Energy Crisis

  The Biden administration announced Friday its plan to eliminate new offshore oil drilling in the Atlantic and Pacific oceans.…

2 years ago

Financial Markets Report Worst Opening In Fifty Years

The worst financial opening to a calendar year in decades concluded Thursday. Everything from U.S. stocks to emerging markets, bonds…

2 years ago

Rising Prices, Mortgage Rates Make Homeownership Unaffordable Across Most of U.S.

Nearly One-Third of Average Wages Required for Major Home-Ownership Expenses During Second Quarter of 2022; Portion of Wages Consumed by Home…

2 years ago

Powell Admits That Fighting Inflation Could Lead To Recession

The Federal Reserve’s efforts to tamp down on inflation may lead to an economic recession, Fed Chair Jerome Powell admitted…

2 years ago