Money & The Economy
News on Finance, Money, markets and the economy
-
EV Maker Rivian Reports Huge Losses Due To Inflation, Supply Chain
Rivian Automotive, an electric vehicle (EV) startup, reported on Thursday that its second-quarter net losses nearly tripled to $1.7 billion…
Read More » -
Welcome to the full employment recession
The economy has just seen two successive quarters of negative growth in Gross Domestic Product (GDP). That means we are…
Read More » -
Inflation, Gas Prices Make Even Walmart Too Expensive As Foot Traffic Nosedives
Many Walmart shoppers who moved to more local budget options like dollar stores or Aldi when gas prices surged have…
Read More » -
‘Bidenflation’: Despite Plummeting Energy Costs, Producer Prices Remain High
The Producer Price Index (PPI), which measures the average change in the prices set by producers, fell 0.5% in July,…
Read More » -
Making Sense of the Mixed-Signal Economy
Recently the Bureau of Labor Statistics released its first estimate for gross domestic product (GDP) growth in the second quarter. The number was…
Read More » -
Inflation Rages On As Gas, Food Prices Squeeze Americans
Inflation remains at historic highs, at 8.5% from July 2021 to 2022, according to a Bureau of Labor Statistics (BLS)…
Read More » -
‘A Really Bad Quarter’: Public Retirement Funds Are Having A Brutal 2022
Public pensions lost a median of 7.9% from fiscal year 2021 to 2022, their worst performance since 2009, The Wall…
Read More » -
High-Profile Investment Firm Suffers $23 Billion Loss On Big Tech
Japanese technology investment firm SoftBank Group Corp. lost more than $23 billion dollars in the second quarter of 2022, The…
Read More » -
Booming Jobs Report Masks Uptick In Men Leaving The Labor Force
Women’s employment increased markedly from June to July, but the total number of employed working-aged men actually dropped in that…
Read More » -
Strong July Jobs Report May Signal Mild Recession
The Bureau of Labor Statistics just reported a whopping 528,000 new jobs were added in July. That brings the unemployment rate down…
Read More » -
‘Hiring Has Never Been Harder’: Small Business Owners Can’t Find Workers, Report Says
Employment at small firms fell in July for the first time in 2022 because they can’t find the right workers,…
Read More » -
CBO Director Admits The Economy May Already Be In Recession
The economy could already be in a recession, the Congressional Budget Office (CBO) said in a Thursday letter sent to…
Read More » -
Most Americans Think US Is In Recession
A majority of Americans believe that the country is currently in the midst of a recession despite the Biden administration’s…
Read More » -
Digital Collectibles, Tokens & Intellectual Property
As the crypto world reels from massive volatility, non-fungible tokens (NFTs) are still shaking up the collectibles marketplace. They’re growing…
Read More » -
Why Are Gas Prices Falling?
Anyone who has a car is breathing a sigh of relief this last week. After two years of increasing gas…
Read More »