Money & The Economy

Companies Warn Shoppers Of Fewer Discounts During Holidays

U.S. consumers should expect fewer discounts during the holiday season due to high transportation and material costs, supply chain disruptions,…

3 years ago

US Running Out of Warehouse Space, Intensifying Supply Chain Bottlenecks and Adding to Inflation

Available warehouse space near significant distribution hubs fell to historic lows in the third quarter of 2021, placing even more…

3 years ago

‘Bracket Creep’: Voters in These 22 States Could See Direct Tax Hikes Due to Inflation, New Analysis Warns

Inflation is often described as a “hidden tax,” because it is driven by policy decisions and erodes citizens’ real purchasing…

3 years ago

Southwest To Cut More Flights, Lost Almost $75 Million During Last Round Of Cancellation

Southwest Airlines announced Thursday that it would adjust its December flight schedule to adjust for ongoing labor shortages. Southwest canceled…

3 years ago

Wall Street Lost More Jobs During The Pandemic Than In 2008

Wall Street lost more jobs during the COVID-19 pandemic than in any year since the 2008 recession despite profits and…

3 years ago

Gas Soars To $7.59 A Gallon In California Town As Prices Hit Multi-Year Highs Nationwide

The price of gasoline in a remote California town reached $7.59 per gallon this week as energy costs continue to…

3 years ago

Weekly Jobless Claims Drop To 290,000

The number of Americans who filed new unemployment claims decreased to 290,000 last week as employers attempt to hold onto…

3 years ago

Fake Company Tricks Influencers, Others Into Investing Half A Million Before Completely Disappearing

A fake food delivery company succeeded in tricking influencers and celebrities to promote a cryptocurrency token, bilking investors out of…

3 years ago

Pete Buttigieg Predicts More Supply Chain Problems Because Of Biden’s Economic Success — Here’s What The Experts Say

Economic experts pushed back on the Biden administration’s claim that widespread supply chain issues in the U.S. were the result…

3 years ago

US Industrial Production Dropped In September As Supply Chain Bottlenecks Plagued The Auto Industry

U.S. industrial production declined in September as supply chain bottlenecks in the auto industry and lingering effects of Hurricane Ida…

3 years ago