Money & The Economy
News on Finance, Money, markets and the economy
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Lobbyists Rake In Record Revenue As Americans Grapple With Declining Wages
Washington, D.C.’s biggest lobbying firms are posting record revenues as Americans feel the heat from falling wages, The Hill reported…
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Fed’s Preferred Inflation Gauge Surges Higher In Yet Another Worrying Sign For US Economy
The Federal Reserve’s preferred inflation gauge measured above expectations in March as the U.S. continues to see a surge in…
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Top Automaker Takes $1.3 Billion Dollar Bath On Key EV Line
Top American automaker Ford hemorrhaged over a billion dollars on electric vehicles (EV) in the first quarter, leading to massive…
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Economic Growth Down, Inflation Up: Stagflation Ahead?
The Bureau of Economic Analysis just announced that real gross domestic product growth for the first quarter of this year…
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Tesla Reports One Of Its Worst Quarters In Years In Latest Sign Of Trouble For EV Market
Tesla disclosed a shaky earnings report to the public on Tuesday in the latest sign of weakness in the U.S.…
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Biden’s EV Policy Will Slow Innovation
President Biden believes that Americans should be driving electric vehicles rather than those with gasoline powered engines. His plan was…
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Electric Vehicle Maker Launches Another Round Of Layoffs As Demand Slows
Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for…
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Home Sales Drop In March As Mortgage Rates Surge Over 7%
Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing…
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Tesla Announces Huge Layoffs As Sales Slow
Electric vehicle (EV) maker Tesla sent an internal memo notifying staff that the company would be laying off more than…
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Feds Collected $34,400 Per Household In Taxes In 2023
The federal government collected approximately $34,400 in taxes per American household in calendar year 2023, according to data published by…
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Investors Scramble To Adjust Their Portfolios After Inflation Surge |
Many investors are diversifying their portfolios from standard stocks and bonds as March’s inflation surge casts doubt on economy-boosting rate…
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There’s One Thorny Issue Stopping Inflation From Going Away
Inflation continues to dog Americans thanks in large part to sky-high housing costs, which aren’t going away any time soon.…
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Prices Edge Even Higher As Fed Chair Speculates If Inflation Is Really Under Control
Inflation jumped year-over-year in March amid speculation over whether the rate of inflation is really decelerating, according to the latest Bureau…
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Investors Are Bailing On Green Funds
Investors are fading on green energy investment funds due to worries about the sector’s ability to grow and the possible…
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JPMorgan CEO Slams Biden’s Natural Gas Pause, Issues Warning About Economy
Jamie Dimon, long-time CEO of JPMorgan Chase, criticized the Biden administration’s pause on new liquified natural gas (LNG) projects and…
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