Money & The Economy
News on Finance, Money, markets and the economy
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To Prepare for Emergencies, Keep Fiscal Order
The tragic events of the past week highlight the wisdom in maintaining a fiscally sound house, rather than a highly…
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What Does 7.5% Inflation Mean? The Rule of 72 Can Show You
This month, inflation hit a new milestone. In February, annual inflation (as measured by the Consumer Price Index) jumped to…
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Oil Hits 11-Year High As Big Oil Dumps Russia, White House Mulls Energy Sanctions
The price of crude oil touched its highest level in nearly 11 years on Wednesday amid the ongoing Ukraine crisis…
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ExxonMobil Joins Other Big Oil Companies In Withdrawing From Russia
U.S. Big Oil corporation ExxonMobil joined multiple other multinational energy firms in announcing that it would distance itself from Russian…
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Biden Must Reverse His Energy Policy Immediately
While there is general agreement in the scientific community that the world’s climate is changing, the impact of human activity…
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Trudeau’s Emergency Act Sent A Shockwave Through The Cryptocurrency World
In a move that has angered crypto investors, companies and enthusiasts all over the world, the Canadian government is considering…
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Another Key Inflation Indicator Surged To Highest Level Since 1983
A key inflation indicator increased to its highest level in 38 years while consumer demand remained strong despite soaring prices,…
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New Jobless Claims Dip To 232,000
The number of Americans who filed new unemployment claims decreased to 232,000 in the week ending Feb. 19, the Labor…
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Stock Market Plummets As Russia Invades Ukraine
Stock markets plummeted Thursday after Russia invaded Ukraine, causing global energy prices to surge and equity markets to plunge, multiple…
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Gas Prices Set To Skyrocket After Oil Soars Beyond $100 For First Time Since 2014
The worldwide price of crude oil skyrocketed to more than $100 per barrel for the first time since 2014 as…
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Mortgage Applications Plummet As Housing Prices Surged To Record High
Mortgage applications plummeted to their lowest level in three years as rates continued to edge higher, hitting home buyers and…
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Energy Prices Rise Again
Ukraine and Russia have dominated the headlines recently. Ever since Putin moved troops to the Ukrainian border, the threat of…
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US Home Prices Surged To Record High In 2021
U.S. home prices soared to a record high in 2021 as low mortgage rates fueled buyers to rush into a…
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Inflation Not Due to Supply Chain, Price Gouging
President Biden continues to blame the high inflation on supply chain disruptions. Lately, he has put additional blame on businesses…
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Billionaire Investor Goes After Two Board Seats At McDonald’s To Change Treatment Of Pigs
Billionaire investor Carl Icahn launched a proxy fight Monday for two board seats at McDonald’s Corp., pushing the company to…
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