Money & The Economy
News on Finance, Money, markets and the economy
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Latest data shows economy in recession with stagflation
The first estimate for GDP growth in the second quarter of this year, will be available on July 28. If…
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Jeep Offers Special Limited-edition Gladiator and Wrangler ‘Freedom Package’ in Salute to Troops
As a tribute to U.S. military members, and to sell vehicles, Jeep is offering a military-themed, limited-edition Freedom package for…
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Record Share of New-Car Shoppers Jumped Into a $1,000+ Monthly Payment
Average amount financed for new vehicles ticks above $40,000 in Q2 A new report shows that financing a new vehicle is growing…
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Biden Administration to Halt Atlantic, Pacific Offshore Drilling Despite Energy Crisis
The Biden administration announced Friday its plan to eliminate new offshore oil drilling in the Atlantic and Pacific oceans.…
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Financial Markets Report Worst Opening In Fifty Years
The worst financial opening to a calendar year in decades concluded Thursday. Everything from U.S. stocks to emerging markets, bonds…
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Rising Prices, Mortgage Rates Make Homeownership Unaffordable Across Most of U.S.
Nearly One-Third of Average Wages Required for Major Home-Ownership Expenses During Second Quarter of 2022; Portion of Wages Consumed by Home…
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Powell Admits That Fighting Inflation Could Lead To Recession
The Federal Reserve’s efforts to tamp down on inflation may lead to an economic recession, Fed Chair Jerome Powell admitted…
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American’s Credit Use is Rising at the Wrong Time
Survey indicates Americans’ credit use has increased from this time last year, rising inflation and interest rates makes credit use…
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Consumer Expectations For The Economy Hit Lowest Point In A Decade
American consumers’ expectations for the future of the economy have hit their lowest point in almost 10 years, according to…
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INFLATION FIREWORKS: 4th Of July BBQs Just Got A Lot More Expensive
As Americans contend with soaring inflation, Fourth of July barbecues will offer no reprieve, with the average cookout estimated to…
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New Vehicle Sales Expected to Lift Slightly in Q2 but Remain Down Year Over Year
Analysts say inventory shortages driven by global supply chain issues continue to place pressure on the automotive industry, with no…
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Over Half of U.S. Consumers Say Standard of Living is Declining
U.S. consumers are feeling the squeeze of record-setting inflation, market volatility and a looming recession – and it’s taking a toll.…
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More Than Half of Restaurants at Pre-COVID Levels or Better, But Can’t Meet Demand
3 in 4 restaurants are leaning into tech to manage talent shortagesExperts provide tips for 45% of consumers struggling to…
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Tort litigation costly to business and consumers
American business is suffering under a torrent of tort litigation. According to one estimate from the U.S. Chamber Institute for…
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‘Stop Complaining’: WaPo Personal Finance Adviser Dismisses Americans Suffering From Inflation
A Washington Post columnist told Americans to “stop complaining” about the effects of inflation while on MSNBC Wednesday. “You got…
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