Money & The Economy
News on Finance, Money, markets and the economy
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Biden Effect: US to Again Become Net Importer Of Oil Despite Vast Resources
The U.S. is projected to become a net importer of crude oil in 2022, just two years after the nation…
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Wall Street Giant Swallows Up 12,000 More Apartments For $5.8 Billion
Blackstone Inc. bought out Preferred Apartment Communities and the 12,000 apartments it owned in the Southeast for $5.8 billion, according…
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Obama Treasury Official Blames Federal Spending For Inflation Crisis
Former Obama administration economic official Steven Rattner pushed back on President Joe Biden’s explanation of the causes of the inflation…
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Weekly Jobless Claims Increase To 248,000
The number of Americans who filed new unemployment claims increased to 248,000 in the week ending Feb. 12, the Labor…
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Consumer Spending Surged In January As Inflation Reached Near 40-Year High
Consumer spending surged in January amid soaring inflation, the Commerce Department announced Wednesday. Retail sales grew 3.8% in January, far…
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Bidenomics: Wholesale Prices Surged Nearly 10% Over Past Year
The Producer Price Index (PPI), which measures the prices suppliers charge businesses and other customers, surged 1% in January amid…
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Warren Buffett’s Company Invested $1 Billion In Activision Right Before Microsoft Buyout
Warren Buffet’s Berkshire Hathaway bought almost $1 billion in Activision shares in the fourth quarter of 2021, just months before…
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AOC Does Not Understand Capitalism or the Profit Motive
Recently, Alexandria Ocasio-Cortez, D-N.Y., said, “Capitalism is the absolute pursuit of profit at all human, environmental and social cost.” AOC…
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Automakers Drop More Than $50 Million On EV Super Bowl Ads
U.S. and global automakers spent an estimated $52-56 million promoting electric vehicles during the Super Bowl on Sunday. At least…
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7 Wild Statistics about Super Bowl LVI Spending and Viewership
The key indicator of inflation at the end of 2021 showed consumer prices up 7% with much concern over the…
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Oil Prices Surge as Demand Spikes, Biden Unwilling to Unleash U.S. Production
Crude oil prices continue their meteoric rise toward $100 per barrel as analysts predict rising demand, and the U.S.…
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Next stop on the disastrous American economic freight train is stagflation
“The crapification of the U.S. economy is now complete. The only thing left is the tiresome waiting for the implosion…
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Tesla Recalls 578,607 Vehicles, Marking Its Fifth Massive Recall In Less Than 8 Months
Tesla recalled nearly 600,000 vehicles on Thursday, the electric car maker’s fifth major recall in the past several months. The…
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Yikes! Blame the Biden Administration for 7.5% Inflation
This is starting to sound like a broken record. Time and again, in my columns for the last 10 months, I’ve…
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Biden Effect: Inflation Accelerates in January, Worse than Analysts Expected
Prices for just about everything rose at a faster pace in January than in recent months and increases are higher…
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