Money & The Economy

News on Finance, Money, markets and the economy

A National Sales Tax is a Bad Idea. Here’s a Better One.

The Republicans recently suggested replacing Federal income taxes with a 30% sales tax on all consumption. After careful consideration, the…

23 hours ago

What Another Fed Interest Rate Hike Means For You

The Federal Reserve is likely to further slow its historically aggressive pace of interest rate hikes at its Wednesday meeting…

2 days ago

Solid 4th Quarter Leads to 2.1% GDP Growth for 2022

GDP growth in the fourth quarter of 2022 was just reported to be 2.9%. That’s down slightly from the 3.2%…

6 days ago

People Are Falling Behind On Their Car Payments At Levels Not Seen Since The Financial Crisis

The portion of Americans that are “severely delinquent” on their car loans in December hit the highest level since February…

7 days ago

Microsoft Posts Worst Earnings In Years After Major Layoffs

Microsoft experienced its slowest quarter of growth in the last six years in the three months ending Dec. 31, less…

1 week ago

Major American Manufacturer Cuts Sales Expectations, Lays Off Thousands

Major U.S. manufacturing firm 3M, the maker of Scotch tape among other popular office and industrial items, is cutting roughly…

1 week ago

Tech Layoffs Just Keep Coming As Spotify Makes A Giant Cut To Workforce

Audio streaming platform Spotify is laying off 6% of its staff, becoming the latest in a series of tech firms…

1 week ago

Public Debt — There’s No Chance of a Default

Last week the public debt reached $31.4 trillion. According to the law, that is the maximum debt the federal government…

1 week ago

Google’s Parent Company Is Latest Tech Titan To Make Sweeping Job Cuts

Google parent Alphabet has cut roughly 12,000 jobs across the company, affecting positions worldwide, CEO Sundar Pichai wrote in a…

2 weeks ago

Has Capitalism Created a Wasteful Excess of Managers?

Have you noticed there seem to be a lot of managers nowadays? It’s not just you. Professors at the Harvard…

2 weeks ago

Retail Sales Ticked Down During The Holiday Season As Consumers Tightened Their Belts

Retail sales fell 1.1% in December, unadjusted for inflation, with consumers cutting back spending in almost all sectors except food,…

2 weeks ago

Inflation, Recession & the Debt Ceiling. Oh my!

As we enter 2023, there are at least three major problems that economic policymakers will have to deal with. We…

2 weeks ago

Major Banker Takes Billion-Dollar Hit In Just Nine Months

Goldman Sachs lost just over $3 billion on its consumer credit and consumer technology unit from 2020 through the third…

3 weeks ago

Solving Workday Implementation Challenges

Workday implementation can be complex and time-consuming. It takes a team of organizational experts, Workday consultants, and other company stakeholders…

3 weeks ago

Just About Every CEO Is Predicting An Economic Downturn In 2023: POLL

Nearly all — 98% — of U.S.-based CEOs anticipate that America will face a recession in 2023, according to The…

3 weeks ago