Money & The Economy
News on Finance, Money, markets and the economy
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Major Automaker Expects It Will Hemorrhage Billions From Its Electric Vehicle Business
Ford expects to lose $3 billion on its electric vehicle department this year, the company announced Thursday. The company will…
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Once Again, Fed Not Aggressive Enough
The Federal Reserve raised the Federal Funds Rate by 25 basis points at its March 22 meeting. Since Chairman Jerome…
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Fed Raises Interest Rates To Highest Levels Since 2007
The Federal Reserve hiked its target federal-funds interest rate by a quarter of a percentage point Wednesday, the ninth in…
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Home Prices Fall For The First Time In Over A Decade
Year-over-year home prices nudged down in February, breaking a nearly 11-year streak of consecutive price increases, the National Association of…
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Amazon To Slash Another 9,000 Jobs
Amazon plans to cut another 9,000 jobs over the coming weeks due to concerns about economic uncertainty, according to a…
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Federal Reserve Completely Responsible for Today’s Economic Quagmire
The Federal Reserve meets this week to decide whether to raise interest rates further after six rate increases in the…
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Silicon Valley Bank Parent Company Files For Bankruptcy
SVB Financial Group, the parent company for California tech lender Silicon Valley Bank (SVB), filed for Chapter 11 bankruptcy protection…
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Why Depreciation Is The Biggest Perk Of Real Estate Investing?
Image: https://cdn.pixabay.com/photo/2017/08/30/07/56/money-2696229_960_720.jpg Real estate investing has been a popular way for people to build wealth for generations. While there are…
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Americans Tighten Their Belts Even More As Inflation And Uncertainty Persist
After a surprisingly strong start to the year, persistently high inflation and uncertainty regarding forthcoming interest rate hikes resulted in…
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Is Eggflation Finally Coming To An End?
Egg prices fell in February for the first time in five months after more than doubling over the course of…
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‘Major Problem’: Investing Guru Raises Serious Concerns Over Future Of American Economy
Founder of Icahn Enterprises Carl Icahn said that the American economy had a “major problem” Tuesday following the collapse of…
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Tech Giant To Fire 10,000 Employees, Cut Thousands More Unfilled Jobs Amid Economic Uncertainty
Meta CEO Mark Zuckerberg announced that as Meta strives for a ‘Year of Efficiency’ in a challenging economy, the company…
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Financial Ratings Giant Issues Chilling Prediction For Entire Banking Industry
Moody’s Investor Service changed its view on the entire banking system from stable to negative Monday following the collapse of…
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Inflation, Still Sky-High, Slightly Cools As Fed Weighs More Rate Hikes
Prices grew 0.4% on a monthly basis in February, falling slightly from January, the Bureau of Labor Statistics (BLS) reported…
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Concerns Over Inflation Among Small Business Owners Returns To Near Record High, Poll Shows
Concerns over inflation among small business owners have returned to a near record high, according to a Job Creator’s Network…
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