Money & The Economy
News on Finance, Money, markets and the economy
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Coffee Prices Explode To 10-Year Highs That Could Last For Years
Coffee prices soared to a 10-year high on Monday, with experts projecting the high costs to last well into 2023,…
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Cyber Monday Sales Drop For First Time Ever
Cyber Monday online sales dropped for the first time ever as consumers experienced fewer discounts and began their holiday shopping…
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Fed Chair Says Omicron Variant Will Prolong Inflation Worries, Supply Chain Issues
The emergence of the Omicron coronavirus variant poses risks related to growing inflation concerns, supply chain bottlenecks and a recovering…
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Nissan To Invest Billions In Battery Powered Cars As Companies Push For More EV Production
Nissan Motor Corporation announced a long-term plan to add multiple battery-powered vehicles to its portfolio on Monday. The Japanese car…
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Labor Board Orders New Union Election At Amazon Warehouse
The National Labor Relations Board (NLRB) ordered a new unionization election at an Amazon warehouse in Alabama, ruling that the…
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Walmart CFO Leaving as Company Prepares for Busy Holiday Season and Growing Supply Chain Issues
Walmart announced Monday that Executive Vice President and Chief Financial Officer Brett Biggs would leave the company after working over…
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We Need Another Dose of Supply-Side Economics Today
In the early 1930s, the economy was in the midst of a very severe recession. At the time, the general…
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Stock Market Nosedives After Reports Of New COVID-19 Variant
The stock market plummeted Friday following reports that a new, more contagious variant is rapidly spreading in South Africa and…
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More Americans Than Ever Say They Won’t Be Buying Christmas Gifts This Year
A record number of Americans say they won’t be purchasing gifts for the holidays this year amid ongoing inflation concerns…
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JP Morgan Exec Bows To China After Joking His Bank Will Outlast The CCP
JPMorgan Chase chief executive Jamie Dimon apologized Wednesday for saying that the bank will last longer than the Chinese Communist…
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Bidenomics: More than 75% Of Americans Say Inflation Is Affecting Them Personally, Almost 60% Blame Biden
Almost 80% of Americans say that inflation is impacting them personally, a new poll shows, with 57% blaming President Joe…
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Thanksgiving Gas Prices Hit Highest Level Since 2012
The average price of gasoline nationwide hit its highest Thanksgiving week level since 2012, the Energy Information Administration (EIA) said.…
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Jobless Claims Drop By 71,000, Far Exceeding Experts Projections
The number of Americans who filed new unemployment claims decreased to 199,000 in the week ending on Nov. 20, reaching…
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Twin Cities Saw Massive Decline in Restaurant Jobs After Passing Minimum Wage Increase, New Fed Paper Shows
St. Paul restaurants and retailers began cutting jobs and reducing hours even before the city’s new minimum wage went into…
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Dollar Tree Says It’s Raising Prices For The First Time In 35 Years Amid Surging Inflation
Dollar Tree announced Tuesday it is raising its prices, bringing the cost of its products over one dollar for the…
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