White House Press Secretary Jen Psaki contradicted House Speaker Nancy Pelosi's assessment of how much of the $3.5 trillion reconciliation package will add to the debt, saying the entire package "is going to be paid for."…
Ildar Sagdejev Via (https://creativecommons.org/licenses/by-sa/4.0/) Wikipedia Commons
Wells Fargo Scandal Restitution in Hot Water
Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and…
DOW Sinks Over Shockingly Low Retail Sales
Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up. Retail sales for the month fell…
Consumer Prices Rise 5.4% Annually in July
The Labor Department said that consumer prices rose 5.4%, matching the prior month's gain as the fastest since August 2008. Prices that Americans pay for everyday goods and services accelerated in July as pent-up demand…
U.S. GDP Falls Short of Expectations
The U.S. economy grew less than expected in the three months through June as supply-chain disruptions and labor shortages slowed the pace of economic activity while the country reopened from its COVID-19 lockdowns. Gross domestic product – the…
Report: Blue States Drive Recent Jobless Spike
The number of new jobless claims reported last week shocked economists and it turns out the trend was pushed by blue states. A Department of Labor report showed that “in the week ending June 12, the advance…
States Begin Offering Return-to-Work Bonuses
A few states have said they will offer citizens a one-time bonus upon accepting a new job to help stimulate economic growth. As the country continues to bounce back from the Coronavirus pandemic which ravaged…
Federalreserve, Public domain, via Wikimedia Commons
Yellen Says Interest Rates May Rise to Prevent…
Treasury Secretary Janet Yellen says that interest rates may rise to help keep the economy from "overheating." Yellen says the rise could happen in order to stave off runaway economic growth in the U.S. brought…
Heresy Financial: Lyn Alden on Emerging Markets, Gold,…
In this special episode, I sit down with Lyn Alden and we get to hear her brilliant insights into financial markets, economic history, long-term cycles, and outlooks on various sectors. You don't want to miss…