Omicron Variant Lockdowns Would ‘Wreck” the Economy, Stock Market Says Steve Moore

Economy

Economist Steven Moore believes that a lockdown of any kind would “wreck the market.” He says that locking down the economy will have future devastating effects. He believes that the decision to keep business doors open is the best driver of U.S. economic stability.

The Cost of Thanksgiving Dinner is up 14% this Year

Economy

Although the turkey is usually the star of Thanksgiving dinners, the prices this year seem to be on the rise even though the bird isn't one that soars. Along with turkey, many of the other common items to complete a Thanksgiving dinner have increased in price as well, such as stuffing mix, cranberry sauce, and pies.

Harvard Economist Fears ‘eye-popping’ Inflation for the U.S.

Economy

Recently, Kenneth Rogoff made his views known about the predicament in which the United States finds itself. As an economist from Harvard, Rogoff keeps a careful eye on the markets — as well as what is happening in the real world.

What Happened to the United States Being Energy Independent?

Economy

As gas prices have reached a national average of $3.42 per gallon, consumers debate whether the United States was ever energy independent. Former President Trump argued in early 2020 that America had finally attained the goal of energy independence, while pundits on the left argued that America has never met this criteria. So, were we ever truly energy dependent?

October Jobs Report: US Employers added better-than-expected 531,000 Employees

Economy

After September's disappointing jobs report, the October jobs report offered some hope as employers added 531,000 jobs and unemployment fell from 4.8 percent in September to 4.6 percent. Job creation is roaring back, and nearly every industry demonstrated strong hiring in areas from restaurants to healthcare to retailers.

Truckers Warn Vaccine Mandates will Harm Industry

Economy

As the Biden Administration as well as the Fed's Chairman Jerome Powell continue to blame the current economic inflation crisis on supply chain "bottlenecks" and pandemic-induced shortages, the trucking industry warns that a looming vaccine mandate could decimate the trucking industry. If so, then this could only add to the supply chain crisis.

Biden Addresses Growing Inflation Crisis as Consumer Prices Surge

Economy

On Friday, Biden acknowledged public concern regarding rapidly rising inflation; consumers are paying more for necessities from gas to milk to eggs. Plus, with winter fast approaching, those using natural gas to heat their homes are facing a 250 percent increase in cost compared to last year's prices.

Fed Chairman Powell Suggests Inflation Spike Could Last Well into 2022

Economy

Powell spoke to reporters after the Federal Reserve's two day policy meeting. He blamed the highest inflation that Americans have witnessed in 30 years on the supply chain crisis as well as pandemic-induced shortages and growing consumer demand.

Christmas 2021: Experts Anticipate Most Expensive in Decades

Economy

Last week financial experts warned that Thanksgiving 2021 may be the most expensive one yet, and now they are weighing in on Christmas 2021. The warning is still the same; Christmas 2021 is set to be the most expensive one in decades.

42% of Americans Racked up Credit Card Debt During Covid-19

Economy

Many Americans have seen their credit card debt surge during the Covid-19 pandemic. A new consumer survey found that 42 percent of U.S. adults holding credit card debt have moved deeper in debt since March 2020.