Money & The Economy
News on Finance, Money, markets and the economy
-
Americans’ Spending Slows Dramatically Amid Surging Inflation And Gas Prices |
American’s spending slowed in February amid surging inflation and gas prices, the U.S. Census Bureau announced Wednesday. Retail sales grew…
Read More » -
Oil and Gas Prices Have Peaked, But Inflation Will Continue
The good news is that oil and gas prices have peaked. The bad news is that inflation will continue to…
Read More » -
Wholesale Price Inflation Reaches Double Digits
The Producer Price Index (PPI), which measures the prices suppliers charge businesses and other customers, surged 0.8% on a month-over-month…
Read More » -
Central Bank Expected To Raise Interest Rates Wednesday
The Federal Reserve is expected to raise interest rates after its meeting Wednesday to combat the country’s soaring inflation, Axios…
Read More » -
Inflation at 7.9% — But the Worst Is Yet to Come
The Bureau of Labor Statistics just released the Consumer Price Index (CPI) for February. Prices rose by 0.8% for the…
Read More » -
New US Solar Panel Installations Set To Crater Thanks To Inflation, Supply Chain Issues
Solar panel installations are set to decrease in 2022 off of major supply chain issues and rising prices caused by…
Read More » -
New Weekly Jobless Claims Tick Up By 11,000
The number of Americans who filed new unemployment claims increased by 11,000 to 227,000 in the week ending March 5,…
Read More » -
Inflation Soars To Another Four-Decade High
The Consumer Price Index (CPI) increased 0.8% in February, bringing the key inflation indicator’s year-over-year increase to 7.9%, the U.S.…
Read More » -
Toilet Paper Prices Soar As Companies Shrink Roll Sizes
The price of toilet paper has soared as producers shrink the size of rolls to increase revenue amid surging costs,…
Read More » -
Labor Crunch: Job Openings Remain Near Record High
Job openings in the U.S. remained near their record high while the number of Americans who quit their jobs remained…
Read More » -
US Trade Deficit Hit A Record High In January
The U.S. trade deficit continued to grow in January as the import-export gap widened to a record high, The Wall…
Read More » -
February Jobs Report Shows Fed Must Act Aggressively
Recently released data indicates that the US economy added 678,000 jobs in February. That strong number would be great news if it…
Read More » -
‘$300 per Barrel’: Russia Threatens to Cut Off Gas to EU
As the United States and the United Kingdom announce bans on Russian energy products, Russia is considering a ban of…
Read More » -
White House Keeps Misleading Public On Oil, Gas Leasing. Here Are The Facts
The White House has repeatedly suggested the private sector can boost oil supply amid surging gas prices, but industry groups…
Read More » -
Stock Market Sinks, Oil Tops $130 As West Considers Russian Energy Sanctions
The stock market dropped during early trading Monday after the U.S. benchmark oil index briefly touched its highest level since…
Read More »