Money & The Economy
News on Finance, Money, markets and the economy
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More Countries Flock To China’s Anti-US Dollar Alliance Ahead Of Major Meeting
Nearly twenty nations have expressed interest in joining the BRICS economic bloc, ahead of the China-led group’s annual meeting in…
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Kevin McCarthy’s debt ceiling bill makes a lot of sense
Recently House Speaker Kevin McCarthy (D, CA) proposed a solution that would increase the Public Debt to $33 trillion. …
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Consumers Don’t Actually Benefit From Credit Card Late Fee Caps
The Biden administration has endorsed a proposal by the Consumer Financial Protection Bureau (CFPB) to cap all credit card late…
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‘Serious Danger’: Elon Musk Predicts Banking Crisis After Real Estate ‘Anvil’ Drops
Tesla CEO Elon Musk said during part of an interview that aired Tuesday that the banking system was in “serious…
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Two-Thirds Of Americans Say Inflation Is Gutting Their Paychecks
Continual inflation has hurt Americans, with roughly two-thirds of them reporting their wages cannot keep up, according to the most…
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Big Banks Win Big After Financial Sector’s Chaotic Start To The Year
Some of the largest financial institutions posted positive earnings despite bank turmoil during the first quarter of 2023, according to…
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It’s Tax Day. Most of Us Paid Too Much. So, How Will We Reduce the Deficit?
April 15th, Tax Day, is upon us (it’s April 18th this year.). That means our Federal Income Tax liability must be…
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Biden’s ‘Green’ Manufacturing Plan Is Running Into a Huge Problem
President Joe Biden’s push to boost “green” U.S. manufacturing is facing headwinds from a lack of available real estate, Reuters…
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How Will the Fed React to the Latest Inflation, Jobs Data?
The Bureau of Labor Statistics just released the Consumer Price Index for March. Prices were nearly unchanged, increasing only 0.1%.…
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Are Options Risky to Trade? Yes and No
If you’ve ever dabbled in the stock market, you may have heard about options. Options are a special kind of…
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Johnson & Johnson Shells Out Nearly $9 Billion To Settle Cancer Allegations
Johnson & Johnson agreed to dole out $8.9 billion to numerous people who alleged the pharmaceutical giant’s talcum powder products…
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JPMorgan Boss Warns That Banking Crisis Will Have Consequences ‘For Years To Come’
JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the current fallout from the bank failures…
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Rising Oil Prices About to Reignite Higher Inflation
OPEC+ ,which is the 13 original OPEC countries plus 10 more countries including Russia and Canada, has just announced it…
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Dems, Eco-Groups At Each Other’s Throats Over Climate Plan That Will Send Energy Bills Soaring
Democratic Gov. Kathy Hochul of New York is facing stiff opposition from climate groups over her support of a measure…
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Oil Prices Surge Following Saudi Surprise
Crude oil prices surged roughly 6% Monday morning following an unexpected Saudi-led decision by OPEC to slash oil production over…
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