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Money & The Economy

News on Finance, Money, markets and the economy

Where to Buy Altcoins with Fiat Safely?

The cryptocurrency market is huge with over 2,000 altcoins available across exchanges. Some of them are trying to improve upon the leaders like Bitcoin or Ethereum, while others aim to disrupt specific industries by bringing viable solutions. You have dozens of cryptocurrency exchanges to choose from, but finding the one that meets all your criteria can be tricky. It is ...

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Trump Signed Executive Actions On The Keystone XL Pipeline Two Years Ago. It’s Still Not Built

Two years after President Donald Trump ordered Keystone XL’s approval, the pipeline still isn’t built. Keystone XL has been held up in court after environmentalists sued to block its construction. Former President Barack Obama vetoed a bill authorizing Keystone XL in 2015 over global warming concerns. Two years ago President Donald Trump ordered his administration to move forward with the ...

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A Court Decision May Leave Coal Plants Across The Country Shut Down

A group representing electric utility companies is warning a federal court that a decision regarding coal ash dumps could lead to coal-fired power plants across the U.S. going offline and impacting grid reliability. The case regards a deadline for when power producers can close some of their coal ash dumps. The Trump administration last year gave utilities a deadline extension for ...

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What Shutdown? 82 Percent Of Small Businesses Are ‘Unaffected’ By Federal Lapse, Study Says

Most small businesses are “unaffected” by the federal government shutdown that is stretching into its fifth week, according to a poll from the Job Creators Network (JCN). JCN surveyed 427 of its members, all small business owners, from Jan. 16-22 and released the results Tuesday. JCN reported that 82 percent of small business owners have not noticed any impact on ...

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California Utility Tells Customers To Cut Gas Heating As Winter Weather Rolls In

Southern California Gas Co., a natural gas utility, issued a “Dial It Down” alert to customers Monday, asking them to limit natural gas use through Thursday while cold weather strikes. SoCal Gas asks customers to voluntarily turn down their thermostats and take shorter showers at various times throughout the winter when natural gas usage spikes. The notices, if heeded, may ...

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Trump adviser: PBS New Hour edited interview to make me look as awful as possible

In an interview on FOX Business Network’s (FBN) Mornings with Maria (weekdays 6a-9a/ET), White House Council of Economic Advisers Chairman Kevin Hassett told anchor Maria Bartiromo that his recent PBS NewsHour interview was so heavily edited that it created a completely false narrative about him. “[PBS] NewsHour people cut it to make me look as awful as possible,” Hassett told Bartiromo. “Made ...

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Trump Credits Tariffs For Slowing Chinese Economy, Encourages Them To Make ‘Real Deal’ On Trade

President Donald Trump credited his tariff policy as the reason for China’s slumping economy and is pressuring them to quit “playing around” and reach a final deal on trade. China posts slowest economic numbers since 1990 due to U.S. trade tensions and new policies. Makes so much sense for China to finally do a Real Deal, and stop playing around! ...

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China’s Economy Hits A Low Not Seen Since 1990 Amid Tarrif Fight With Trump

trump-and-china-war-of-words

China’s economy slowed dramatically during 2018, dropping to its lowest point in nearly 30 years as the communist country continues battling a prolonged tariff fight against U.S. President Donald Trump. The 6.6 percent growth rate reported Monday is the slowest annual pace China has recorded since 1990. The downturn deepened in the final months of 2018, suggesting the Trump administration’s ...

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Walmart And CVS Caremark Walk Back Pending Pharmacy Split

CVS officials said the company’s pharmacy benefit management division and Walmart were splitting over a price dispute Tuesday. The organizations walked back the announcement Friday. The split would have meant that many people who have CVS Health drug plans would no longer be able to pick up their prescriptions at Walmart locations. Walmart and CVS Health’s pharmacy benefit management (PBM) ...

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Drug Companies Used Shortages, Recalls To Hike Prices As Much As 1,137 Percent, Report Finds

Drug companies raised prices on approximately one-third of the nearly 120 drugs classified as currently or recently in shortage after the shortages began, according to a Wall Street Journal report published Friday. Many of the drugs seeing big price hikes are low-cost prescription medicines that have been on the markets for years, like valsartan. It’s a blood pressure medication available ...

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Experts: US Oil Boom Is Defying Expectations

The United States is expected to churn out far more oil this year than what international analysts originally forecasted. The International Energy Agency, a Paris-based organization that helps coordinate energy policies for industrial countries, released its latest oil market report on Friday, noting exceptional numbers for the U.S. fossil fuel industry. The agency reported that U.S. oil production is expected ...

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Home Price Growth Hit Six-Year Low in December as Sales Fell 11 Percent

Home for sale

U.S. home-sale prices increased just 1.2 percent in December compared to a year ago to a median of $289,800, according to a housing market analysis from Redfin, the next-generation real estate brokerage. The year-over-year increase in home prices was the smallest since the number went positive in March 2012. The median sale price of homes sold in December fell since last year in nine of the ...

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Small Business Owners Have ‘Grave Concerns’ Over Democrats Proposed Minimum Wage Hike

House Democrats introduced a bill Wednesday that raise the federal minimum wage to $15-an-hour by 2024. Small business owners have “grave concerns” over the economic impact of the bill, Job Creators Network President and CEO Alfredo Ortiz says. A $15 minimum wage could cost the U.S. around 750,000 jobs if implemented, according to Ortiz. Small business owners have “grave concerns” ...

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US Oil Boom Is Headed Into Uncharted Territory — 12 Million Barrels Per Day

Offshore oil rig

American energy is poised to boom in 2019, according to a federal report projecting crude oil output will average more than 12 million barrels per day this year. The more than 1 million-barrels-per-day jump in U.S. crude output will mostly come from New Mexico and Texas which sit atop what’s become the country’s most productive oil play. The U.S. Energy ...

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China’s Top Economic Official Is Coming To The US In Hopes Of Ending Trump’s Tariff War

Chinese Vice Premier Liu He is officially set to visit the United States to help negotiate an end to the long-lasting trade war between both countries. Liu has accepted an invitation to visit Washington, D.C., on January 30 and 31, where he will speak with both U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin. As China’s top economic ...

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