Money & The Economy
Trump Effect: Main Street Drives Employment Surge In April
Friday’s jobs report smashed expectations again, showing the labor market is far healthier than corporate media suggests. In April, 115,000 jobs were created, and the unemployment rate remained at 4.3%.These job gains follow…
CEO Trolls Rival By Using Their Platform To Fund His Attempted Takeover Of Company — But They Aren’t Amused
GameStop CEO Ryan Cohen trolled eBay board members Wednesday by selling goods on their platform to help fund his threatened takeover of the company.Cohen and GameStop offered to buy eBay for $55 billion at $125 per share…
Americans May Be Stuck Paying Wartime Gas Prices Long After Iran Deal
Gas prices are unlikely to return to pre-war levels anytime soon, even if a U.S.-Iran peace deal reopens the Strait of Hormuz, leaving Americans facing higher pump prices for months.The average price of gasoline in the United…
Social Security: The Mystery of Spousal Benefits
The Riddle: Why are my Spouse Benefits less than half?Probably the most common fallacy about SS spouse benefits is the belief that a spouse always gets 50% (half) of their marital partner’s monthly Social Security payment.…
Voters Now Trust Democrats More Than GOP On Economy Due To Iran War
More Americans now trust Democrats to handle the economy over Republicans, according to a Napolitan News Service poll released Friday.The latest poll shows that 39% of U.S. voters trust the Democratic Party more than the GOP…
Oil Hits Four Year High As Iran Negotiations Continue
Oil briefly hit $126.41 a barrel early Thursday as market volatility tied to the Iranian conflict continued.The global oil benchmark Brent crude hit its highest price since 2022 before dropping back to $110 a barrel. Prices…
America’s Debt Just Hit Grim Milestone After Decades Of Politicians Spending Like Drunken Sailors
The U.S. national debt exceeded the total amount of output from the entire economy as of March 31, The Wall Street Journal reported Thursday.The country’s publicly held debt was $31.265 trillion, while the nation’s Gross…
Trump Admin Turns Off Spigot For Colleges Charging Boatloads For Grad Degrees
The Department of Education (ED) on Thursday announced several new rules to limit graduate student borrowing in a bid to make higher degrees “more affordable.”The department said it is eliminating the Grad PLUS loan program,…
As Iran War Oil Stranglehold Continues, Another Crisis Brews
While the blockade of the Strait of Hormuz continues to drag on alongside the Iran war, energy analysts warn of another shockwave that could end up hitting global markets.The blockade of the Strait of Hormuz is forcing oil…
4 Fed Members Send Jerome Powell Out To Pasture By Bucking Him On Final Interest Rate Decision
Four committee members dissented Wednesday from the Federal Reserve’s statement to keep the central bank’s benchmark interest rate unchanged, marking the highest level of opposition since 1992 as Chairman Jerome Powell is set…
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