Money & The Economy
News on Finance, Money, markets and the economy
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A Massive Economic Storm Is Already Overhead And Nobody Seems To Notice
When ominously dark clouds roll in on a hot afternoon driven by a stiff wind, it doesn’t take a crystal…
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Strong Job Market. Negative Growth. Is ‘Quiet Quitting’ the Problem?
Most economists say that the economy is either in a recession or very close. That means few if any, new…
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Government Motors: GM Offers to Buy Dealership Refusing to Toe Electric Car Line
General Motors will offer a buyout to any Buick dealer that isn’t willing to invest in the brand’s all-electric shift,…
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Labor Market Remains Tight As Unemployment Ticks Up
The U.S. added 315,000 jobs in August, as unemployment rose slightly to 3.7%, according to data released by the Department…
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Job Growth Slowed for Second Straight Month in August Missing Expectations
Signaling the continued slowing of the U.S. economy, employers reduced the number of jobs they offered by 50% in August…
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Paycheck 101: A College Grad’s Guide for How to Manage a Paycheck
There you are, a college graduate with your newly minted degree in one hand and a new job in the…
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The ‘New Normal’ For Restaurants Is Being Understaffed
Restaurant chains across the nation are settling into the idea that they will be understaffed for the foreseeable future and…
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‘Far Greater Pain’: Jerome Powell Issues Grim Prediction On Reining In Inflation
The Federal Reserve will not stop interest rate raises designed to combat inflation even if the policy leads to damages…
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Revised GDP Numbers Show The Economy Is Definitely Shrinking
The Department Of Commerce revised the estimate of Gross Domestic Product (GDP) Thursday morning, finding similarly to July’s estimate that…
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Fashion Retailers Are The Latest To Feel The Squeeze
Nordstrom and Macy’s reported their second-quarter earnings Tuesday, with the two fashion retail giants joining retailers such as Walmart, Best…
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ENERGY CRISIS: Millions Of Americans Can No Longer Afford To Pay Their Utility Bills
At least 20 million American households, or one out of every six homes, are behind on their electricity bills as…
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Businesses Make More Cuts In August, Signaling An Increasingly Weakening Economy
Preliminary data from S&P’s Purchasing Managers’ Index, a prominent measure of business activity, indicates that U.S. businesses are cutting activity…
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Natural Gas Prices Hit 14-Year-High After Biden Signs Dems’ Climate Bill Into Law
The price of U.S. natural gas futures reached its highest point since 2008 as gas demand continues to spike amid…
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Ford Is Sacrificing 3,000 Workers To Boost Electric Car Production
Ford Motor Co. announced in a companywide email on Monday that it is laying off 3,000 employees in order to…
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Inflation Can’t Be Reined In Without Tanking The Economy
Nearly three-quarters of business economists believe that the Federal Reserve will not be able to bring inflation back to its…
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