Economy

Consumer Prices Surged Much Higher Than Expected in June

Consumer prices surged by much more than expected in June.

Inflation Hits Highest Level Since 1979

Super-charged inflationary pressures continued to gain steam in June, the Philadelphia Fed’s manufacturing survey showed Thursday.

US consumer prices jumped 5% in May, fastest pace since 2008, sparking more inflation concerns

The Labor Department reported Thursday the U.S. consumer price index grew at the fastest annual rate in nearly 13 years, since the 2008 econo

U.S. Recovery Falls Short Again In May

U.S. recovery falls short and misses expectations by more than 100,000 jobs.

Cryptocurrency miners pull out of China amid Beijing crackdown

Cryptocurrency mining operators are shutting down aspects of their China operations after Beijing promised a “severe” crackdown on the growin

Pending Home Sales Plunged More Than 10% in February

Pending home sales dropped far more than expected in February as the supply of homes on the market fell swiftly and home prices soared, data

Investors Bet on Higher Inflation

On the menu today: the reflation, mortgage rates rise, Deliveroo’s IPO, and a look at equity duration during a pandemic. To sign up for the C

Bitcoin Hits Another All-Time High — $50,000

Bitcoin (BTC) sold for over $50,000 in Tuesday morning trading, another all-time high in its latest bull run.

Tesla makes huge investment in Bitcoin

Tesla, Inc., the brainchild of entrepreneur Elon Musk, made a big splash Monday morning with a securities filing announcing that the company

U.S. Economy Lost 140,000 Jobs in December, Unemployment Unchanged at 6.7%

The U.S. economy shed 140,000 jobs in December and the unemployment rate held steady at 6.7 percent, according to data released Friday.

In Defense of Capitalism

We must capably defend the call of the entrepreneur, the vitality of capital markets, and the nobility of free enterprise.

The Economic Cruelty of the Pandemic

When policymakers promulgate COVID-19 restrictions, they are asking the people with the least economic margin for error to sacrifice the most

Bitcoin Surges over $19,900 Value, Beats All-Time Record Set in 2017

Bitcoin reached an all-time-high price against the U.S. dollar Monday morning, besting a record set nearly three years ago.

Nearly one-third of New Jersey and New York businesses have closed in 2020 due to virus lockdowns

Lockdowns in response to the coronavirus pandemic have caused nearly one-third of New York and New Jersey businesses to close since January.

Delta reports $5.4 billion net loss in third quarter

Delta Air Lines announced Tuesday a net loss of $5.38 billion in the third quarter, or a $6.9 billion pre-tax loss, and said improvements in

Layoffs Fell and Hiring Rose in August as Economy Regained Its Footing

U.S. job openings held up better than expected in August, defying predictions of a steeper slowdown after four months of strong growth, while

Detached from reality? Why U.S. stocks just hit a new high

Has Wall Street missed the news that we are in a pandemic?

Jobless claims fall to 963,000, ending 20-week streak of claims above a million

The number of new applications for unemployment benefits last week was 963,000, the Labor Department reported Thursday, as jobless claims for

Rep. Buck: Actual national debt is $30 trillion, 'There's no conversation' in D.C. about repaying it

'This troubles me greatly, but all I see is more spending' with 'no conversation in Washington D.C. about how to pay this money back,’ Rep. B

1.2M jobless claims filed last week, marking 20 straight weeks of more than a million

The number of new applications for unemployment benefits last week was 1.2 million.