Money & The Economy
News on Finance, Money, markets and the economy
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Fearing Fed, Stocks Tumble And Major Investor Slashes Expectations
All three major U.S. stock indices fell Friday morning as investors worried that the Federal Reserve’s ongoing campaign of aggressive…
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Failed M&A promises threaten to bring more government regulation
Elon Musk’s proposed buyout of Twitter has thrust merger and acquisition activity, particularly with regards to the tech sector, into…
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Fed Hikes Interest Rates For Third Time In Four Months
The Federal Reserve has raised target interest rates by 75 basis points for the third time this year following a…
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Gas Prices Rise For First Time Since June
Following nearly 100 days of declines, gas prices rose slightly Wednesday, and are forecasted to change little in the near…
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Global Meltdowns Over Cost Of Living Keep Getting Worse
As inflation, rising food and energy prices, weather and political dissatisfaction get worse, people in countries around the world are…
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‘Wait A Second!’: Martha MacCallum Spars With WH Economist Over Inflation In Heated Exchange
Fox News host Martha MacCallum and Biden administration economic advisor Jared Bernstein clashed over whether the Biden administration was downplaying…
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Stocks Stay Volatile As Recession Fears Loom
Major stock indices wavered this morning, as investors fretted over a potential recession and waited for the Federal Reserve to…
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Americans’ Electricity Bills Set To Skyrocket This Winter
Household electricity bills, which are already soaring to their highest levels in years, are likely to experience substantial price hikes…
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The Summer Inflation Pause Will Be Short-Lived
The good news is that inflation, as measured by the Consumer Price Index, slowed to near zero in July and…
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Impending Railroad Strike Could Grind The Entire Economy To A Halt, Experts Warn
An impending railway strike could leave 40% of all long distance trade halted and shipping containers stranded in ports if…
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Under Biden, Income Inequality Spikes For First Time In Ten Years
The Gini index, a common measure of the inequality between the lowest and highest earners in a society, rose in…
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Americans Are Still Getting Poorer Under Biden, Data Shows
Real wages shrunk for the seventeenth month in a row as the Biden administration continues to ramp up spending amid…
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Food Prices Hit 40-Year High, Keep Breaking Records Every Month
Food prices have increased every month of 2022, with each month since February breaking 40-year records, according to data from…
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Biden Admin Warns High Gas Prices May be Right Around the Corner
President Joe Biden’s Treasury Secretary Janet Yellen said Sunday that Americans might pay more for gas this winter due to upcoming…
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White House Labels Cryptocurrency Mining A Climate Threat
The White House believes that the federal government should reduce cryptocurrency mining as it is threatening the Biden administration’s climate…
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