Money & The Economy
Tech Stocks Surge After Trump Admin Weighs Possible US Gov’t Stake In AI Companies
Several major AI stocks rose in early Monday premarket trading after President Donald Trump told reporters the U.S. government may take equity in Big Tech companies.Nvidia rose over 1%, while fellow chipmakers Marvell and…
Jobs Report Blows Past Expectations In Welcome Bright Spot For Inflation-Plagued Economy
A new jobs report exceeded expectations despite the U.S. economy facing inflation and record debt.U.S. payrolls rose by 172,000 last month, far above the Dow Jones’ 80,000 estimate that CNBC reported Friday. Unemployment…
May Jobs Report Shows The Summer Hiring Season Started With A Bang
Friday’s jobs numbers confirm what small businesses already know: The underlying economy is far stronger than the mainstream media and financial commentators suggest.Employers added 172,000 jobs last month, unemployment…
Energy Giants Warn Another Oil Price Spike Coming Soon
Leading executives at ExxonMobil and Chevron sounded an alarm during a recent Bernstein conference: Global oil inventories are plunging to dangerously low levels, setting the stage for a potential price explosion that could…
Wall Street Giants Bet Big On Tech As The Iran War Roils Global Markets
Wall Street aims to pour more money into Big Tech despite the Iran War’s strain on global markets.Goldman Sachs CEO David Solomon told the Economic Club of New York that he sees “more greed than there is fear” in the markets,…
JetBlue Says Jet Fuel Will Get Even More Expensive As Iran War Continues
JetBlue hiked its second-quarter forecast for jet fuel prices on Monday amid the Strait of Hormuz’ continued closure, Reuters reported.The airline’s June 1 Securities and Exchange Commission (SEC) filing notes that fuel…
Help! SSA Says I’m Not Eligible for Benefits
Dear Rusty: Help!! The Social Security Administration says I didn’t pay enough into my Social Security account, despite being a business owner and paying taxes. What can I do?” Signed: Self-employed AmericanDear…
ExxonMobil Executive Issues Stark Warning To US Consumers
An oil executive warned on Thursday that global oil prices may soar even higher as reserves dwindle.ExxonMobil Senior Vice President Neil Chapman delivered remarks on global energy markets at the Bernstein 42nd Annual…
Major Oil Company’s Shareholders Ditch Blue State’s ‘Woke Cartel’ For Texas
ExxonMobil shareholders voted Wednesday to reincorporate in Texas and leave New Jersey rejecting two global advisory firms’ recommendations.Seventy-one percent of shareholder votes were in favor of the company’s move during…
Cash Drain On Americans’ Savings Accounts Nears Great Recession Levels
The personal savings rate fell to its lowest level in roughly four years on Thursday as Americans continued to dip into their earnings to pay for increasing prices on goods caused in large part by the Iran war.The personal…
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