Money & The Economy

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

American’s Credit Use is Rising at the Wrong Time

Survey indicates Americans' credit use has increased from this time last year, rising inflation and interest rates makes credit use…

2 years ago

Consumer Expectations For The Economy Hit Lowest Point In A Decade

American consumers’ expectations for the future of the economy have hit their lowest point in almost 10 years, according to…

2 years ago

INFLATION FIREWORKS: 4th Of July BBQs Just Got A Lot More Expensive

As Americans contend with soaring inflation, Fourth of July barbecues will offer no reprieve, with the average cookout estimated to…

2 years ago

New Vehicle Sales Expected to Lift Slightly in Q2 but Remain Down Year Over Year

Analysts say inventory shortages driven by global supply chain issues continue to place pressure on the automotive industry, with no…

2 years ago

Over Half of U.S. Consumers Say Standard of Living is Declining

U.S. consumers are feeling the squeeze of record-setting inflation, market volatility and a looming recession – and it's taking a toll.…

2 years ago