Money & The Economy
News on Finance, Money, markets and the economy
-
Build Back Better will balloon the Public Debt and lead to more inflation
President Biden is urging the Senate to pass the Build Back Better (BBB) massive spending bill that has already passed…
Read More » -
International Monetary Fund Wants Global Control Over Crypto Regulation
The International Monetary Fund (IMF), has issued a white paper that lays out the case for swooping in and coopting…
Read More » -
Government-Inflicted Inflation Worsens In November
The Bureau of Labor Statistics just released the Consumer Price index (CPI) number for November. The CPI increased by .8% for the…
Read More » -
St. Paul’s Mayor Is Already Scrambling to Amend the City’s Harmful Rent Control Law
St. Paul’s new rent control law is off to a bumpy start, six months before it even goes into effect.…
Read More » -
Elon Musk Unloads Almost $1 Billion In Tesla Shares, Totaling Nearly $10 Billion This Month
Tesla CEO Elon Musk sold nearly $1 billion shares of stock in his company after unloading almost $10 billion in…
Read More » -
Inflation Surges 6.8% In November, Highest In Four Decades
The Consumer Price Index (CPI) increased 0.9% in November, bringing the key inflation indicator’s year-over-year increase to 6.8%, the highest…
Read More » -
Major Airline To Limit International Flights Due To Plane Shortage
American Airlines said Thursday it plans to cut international flights next summer due to Boeing’s inability to deliver new 787…
Read More » -
Largest Chinese Residential Developer Defaults On Massive Debt
A major credit ratings firm declared that real estate giant China Evergrande was in default on Thursday, creating the potential…
Read More » -
Online Inflation Soars Heading Into Busy Holiday Season
Online prices soared to record highs in November, according to Adobe Analytics. Prices online surged 3.5% on a year-over-year basis…
Read More » -
Amazon Slapped With Massive $1.3 Billion Fine For Anti-Competitive Practices
An Italian regulator hit Amazon with a massive fine Thursday over alleged anti-competitive business practices. The Italian Competition Authority issued…
Read More » -
Jobless Claims Decrease Far Below Expectations
The number of Americans who filed new unemployment claims totaled 184,000 in the week ending on Dec. 4 as employers…
Read More » -
What’s Better For Americans – a Strong or a Weak Dollar?
It goes without saying that the global COVID-19 pandemic and the ensuing worldwide lockdown measures saw major disruptions to business.…
Read More » -
Child Tax Credit Is Driving Americans Toward Entrepreneurship
A new study suggests that the child tax credit is not reducing overall employment nationwide but is driving some low…
Read More » -
US Trade Deficit Falls Sharply For First Time In 6 Months
The U.S. trade deficit narrowed considerably in October, with exports in energy and commodities offsetting a slight jump in imports,…
Read More » -
Toyota To Build Billion Dollar Battery Plant In North Carolina Creating Almost 2,000 Jobs
Toyota announced plans on Monday to build a multi-billion dollar battery factory in North Carolina that is reported to create…
Read More »