Money & The Economy
News on Finance, Money, markets and the economy
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‘A Disconcerting Picture’: Reagan Economist Says Latest Jobs Numbers Spell Trouble For Economy
Former Reagan administration official Art Laffer said Friday that the latest jobs numbers painted “a disconcerting picture,” citing downward revisions…
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Job Gains Fall Short Of Expectations As Unemployment Ticks Up
The U.S. added 150,000 nonfarm payroll jobs in October as the unemployment rate ticked up to 3.9%, according to Bureau of…
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‘Very Precarious’: Auto Makers May Have Missed The Mark With Union Deal, Experts Say
The United Auto Workers (UAW) concluded contract negotiations with the Big Three automakers over the last week, creating a deal…
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The Fed’s Shockingly Irresponsible Interest Rate Pause
For the second consecutive meeting, the Federal Reserve has decided to hold interest rates constant. Just as it did in…
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One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy
The once-booming start-up WeWork will file for bankruptcy as early as next week as the company struggles to pay its…
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UAW Deal Cements Wage-Price Spiral
As noted in a prior column, the country has started to experience the beginning of the dreaded wage-price spiral. This one,…
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Here’s How The Israeli-Hamas Conflict Could Hit Average Americans’ Wallets
Israel and Hamas are currently at war after a series of surprise terror attacks were launched earlier this month. The…
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UAW Expands Strike Against GM Hours After Reaching Deal With Rival
The United Auto Workers (UAW) union on Saturday expanded its strike against General Motors(GM) after it reached an agreement with…
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Your Kids Should Buy Their Own Damn Cars
Tough love? No. This is real-life advice and a way to teach your kids that cars are a terrible investment…
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3rd Quarter GDP Increase Due to Biden Spending Money from Your Paychecks
Economic growth for the third quarter of 2023 was notably high, but was boosted by a huge increase in federal…
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UAW And Ford Negotiators Reach Agreement On New Contract
The United Auto Workers (UAW) and Ford Motor Company reached agreement Wednesday on a contract that could end the six-week…
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Smaller Banks Shrink While Megabanks Post Huge Profits
Smaller banks are shedding depositors and shrinking in size, making them unable to compete with megabanks who are boasting huge…
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Woke Investing Takes Massive Hit As Investors Lose Interest
Environmental, Social and Governance (ESG) funds lost billions in the third quarter as demand among investors plummeted, according to Morningstar.…
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Americans Are Burning Through Savings To Keep Biden’s Economy Afloat, Experts Say
The U.S. has recently seen consistent economic growth that has been fueled by strong consumer spending from average Americans. To…
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Housing Market Half As Affordable Than Just Three Years Ago
Americans’ purchasing power in the real estate market has been cut in half in less than three years as home…
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