Money & The Economy
News on Finance, Money, markets and the economy
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‘Nobody Wants to Work’: Record 4.3 Million People Quit Their Jobs In August As Workers See Opportunity In Chaotic Labor Market
A record 4.3 million Americans quit their job in August as retail, bar, and restaurant industries saw the largest surge…
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IMF Expects Less Economic Growth From US Amid Supply Chain Chaos
The International Monetary Fund cut its global growth forecast for 2021 on Tuesday, citing supply chain disruptions and pandemic-related health…
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Food Prices Increasing As Companies Face Supply And Labor Shortages
Food prices have surged as companies battle increasing costs, labor shortages and supply chain problems, The Wall Street Journal reported.…
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BIDENOMICS: US Economy Added 194,000 Jobs In September, Badly Missing Expectations
The U.S. economy reported an increase of 194,000 jobs in September, and the unemployment rate fell to 4.8%, according to…
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Is The Shift To Renewable Energy Propelling Us Into An Energy Crisis?
Rapidly increasing energy costs across Europe and Asia have prompted warnings of an impending U.S. crisis and calls for policy…
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Former Fed President: Government Snooping on Bank Transactions Over $600 a “Massive Search Without a Search Warrant”
A proposal from the Biden Administration that would require banks to monitor personal accounts and report all financial transactions over…
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GM Wants 1 Million Self Driving Cars On The Road Within The Next Decade
GM’s majority-owned autonomous vehicle subsidiary, Cruise, announced Wednesday that it wants 1 million self-driving cars on the road by 2030.…
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Heating Bills to Skyrocket this Winter
By the time winter refill orders hit the peak, prices could be triple what they were under the last administration
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Biden Plan Would Sabotage US Economic Competitiveness in One Huge Way, Analysis Finds
Image Credit: iStockPhoto.com, Lazy_Bear | US Secretary of Defense via Flickr | CC BY-SA 2.0 | (https://creativecommons.org/licenses/by/2.0/) resident Biden has…
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‘Unprecedented’ Shortages: Builders Running Out of Construction Materials, Forced To Find Alternatives
Contractors and builders are being forced to turn to alternative sources for key construction materials due to widespread supply shortages,…
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Private Job Hirings Beat Expectations Amid COVID-19 Scares And Slow Economic Growth
Private companies added 568,000 jobs in September, exceeding expectations as the country faced growing numbers of delta variant cases and…
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#MintTheCoin: Economist Explains Problem With Just Minting $1 Trillion Coin to Pay the Government’s Bills
Here's why the fantastical notion of a trillion-dollar coin appearing out of thin air to pay the bills is so…
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Target To Pay Holiday Employees $2 More An Hour In Effort To Retain Workers
Target announced Tuesday that it would pay employees an additional $2 an hour during the peak time of the holiday…
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Oil Prices Skyrocket To Seven-Year High After OPEC Announces Gradual Output Boost
The price of oil surged Monday after the Organization of the Petroleum Exporting Countries (OPEC) doubled down on its plans…
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Inflation Hits Another Multi-Decade High After Fed Boosts Projection
A key economic index used by the Federal Reserve to measure inflation surged to another 30-year high in August as…
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