Money & The Economy
News on Finance, Money, markets and the economy
-
3Q GDP Growth Positive — But Problems Loom
Recently released data indicates that the U.S. economy grew at a 2.6% rate in the third quarter of this year. That data…
Read More » -
‘The Party Is Over’: Expected GDP Spike Doesn’t Spell Good News, Economists Say
Gross domestic product (GDP) is expected to spike in the third quarter, but that isn’t likely to help consumers in…
Read More » -
Housing Market Is About To Fall Off A Cliff, Economist Says
The price of residential homes could fall by as much as 20% next year off the back of mortgage rate…
Read More » -
Vacancies Skyrocket As Renters Abandon The Market
Elevated rental prices are pushing apartment vacancy rates up, following a pandemic-related housing boom, the Wall Street Journal reported Tuesday.…
Read More » -
How I Paid Off $20,000 in Debt in 6 Months
It seems as if it’s almost impossible for Millenials and GenZ to get ahead financially these days. Record inflation, insane…
Read More » -
‘Clearly Unstable’: New Data Suggests U.S. Manufacturing Could Be On The Brink Of Collapse
U.S. manufacturing showed signs of a downturn as the fourth quarter began, with an early estimate of S&P Global’s Manufacturing…
Read More » -
JPMorgan President Warns The Worst Is Yet To Come For US Economy
Daniel Pinto, president of investing giant JPMorgan, has warned that the economy hasn’t yet hit bottom, urging the Federal Reserve…
Read More » -
If Republicans Win, Inflation Will Ease Extensively
President Biden recently said, “If the Republicans win, inflation’s going to get worse.” Judging by the trend in nearly all…
Read More » -
POLL: Most Americans See Dem Control Of Congress As An Economic Ticking Time Bomb
Almost 60% of Americans believe a Democrat-controlled Congress following the 2022 midterm elections will further hurt the American economy, according…
Read More » -
Here’s The Reason Los Angeles Area Ports Are No Longer Stacked Up
Following a disastrous supply-chain bottleneck that left more than 100 trade vessels lingering outside of Los Angeles, California, last year,…
Read More » -
‘Housing Market Has Entered A Recession’: Home Sales Plummet In Ominous Sign For Economy
Sales of existing homes fell in September for the eighth month in a row, as historically high mortgage rates pummel…
Read More » -
‘Economics 101’: Energy Exec Debunks Biden Claims On Gas Prices
An executive with an energy company debunked claims President Joe Biden made about gas prices during a Thursday afternoon Fox…
Read More » -
High Interest Rates Are Strangling The Mortgage Market
As mortgage and interest rates skyrocket, demand for new mortgages hit its lowest level in more than two decades last…
Read More » -
Truss’ tax cut is the right thing to do, just not this year
Recently, the newly elected Prime Minister of England, Liz Truss, proposed solving her country’s economic problems by imposing a large…
Read More » -
Bird Flu Is Back For Thanksgiving, Killing Millions Of Turkeys And Jacking Up Prices
A new, deadly strain of the bird flu has killed millions of chickens and turkey this year, pushing the price…
Read More »