Money & The Economy
News on Finance, Money, markets and the economy
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Stocks Skyrocket Amid Potential COVID-19 Vaccine News
U.S. stocks have skyrocketed as pharmaceutical company Pfizer announced that its potential coronavirus vaccine was 90% effective Monday. The Dow…
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September jobs numbers point to a flattening V-shaped recovery
According to the US Labor Department, the economy added another 638,000 jobs in October. While this number is less than prior…
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US Economy Added 638,000 Jobs In October, More Than Expected
The U.S. economy added 638,000 jobs in October, while unemployment fell to 6.9%, according to Department of Labor data released…
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California Voters Side With Uber, Lyft Over Unions In Ballot Initiative
Californians voted in favor of Proposition 22, a ballot initiative that exempts app-based drivers from a state law, which classified…
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New Unemployment Claims Miss Expectations, Stay Unchanged
The number of Americans filing new unemployment claims came in at 751,000 last week as the economy continues to suffer…
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Friendly’s Files For Bankruptcy Again, Says Pandemic Hurt Recovery Efforts
Friendly’s declared bankruptcy for the second time over the weekend, saying the pandemic hindered its recovery efforts, according to Restaurant…
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Third-quarter GDP growth confirms super V-shaped recovery
The US Department of Commerce just announced that real GDP grew at an annual rate of more than 33% in the third…
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US Economy Surges At Record Rate, GDP Grows 33.1%
The U.S. economy grew by a record 33.1% in the third quarter of 2020, as employers continue to restore jobs…
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New Unemployment Claims Fall To 751,000, Beat Expectations
The number of Americans filing new unemployment claims decreased to 751,000 last week as the economy continues to suffer the effects…
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Boeing Cuts Thousands Of Jobs, Prepares For Air Travel Slow Down Amidst Coronavirus Surge
American aerospace giant Boeing announced a fresh round of job cuts during its earnings call on Wednesday morning as coronavirus…
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Major Fast Food Chain Replaces Employees With Robotic Fry Cook
Fast-food chain White Castle announced Tuesday that it is expanding its automated cook concept after the company successfully tested it…
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Goldman Sachs Agrees to Pay Over $2.9 Billion in Foreign Bribery Case
Goldman Sachs, a global financial institution headquartered in New York City, and its Malaysian subsidiary, have admitted to conspiring to…
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New Unemployment Claims Fall To 787,000, Lowest Level Since March
The number of Americans filing new unemployment claims decreased to 787,000 last week as the economy continues to suffer the…
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Re-examining the Money Velocity Myth and What it May Tell Us
Many economists denigrate the Money Velocity index as yet another useless index that many analysts try to draw correlations without…
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New Unemployment Claims Increase To 898,000, Higher Than Expected
The number of Americans filing new unemployment claims increased to 840,000 last week as the economy continues to suffer the…
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