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Decline in Home Refinancing

Inflation, Housing and Labor Shortages May Cause 62% Decline in Home Refinancing

Economy
Experts predict a 62% drop in 2022 on home refinancing when interest rates rise to 4% on popular 30-year fixed-rate loans sometime late in 2021 or early in 2022.
Inflation pressure on money

Economist Says the Average Household is Spending $175 Per Month Extra Due to Inflation

Economy
Chief economist at Moody's Analytics, Mark Zandi, says that consumers are spending about $175 more on necessities than at the same time a year ago.
Gasoline prices reaching record levels

Price of Gas Continues to Rise, the White House has No Plans

Economy
Although gas prices are at least one dollar higher than they were this time last year, a White House deputy press secretary stated that the Biden Administration has no plans to address the issue.
Mark Zuckerberg silhouette, Facebook

Despite Whistleblowers and Scandals, Facebook Revenue Continues to Rise

Economy
Even as Facebook whistleblower Frances Haugen took to Capitol Hill to testify on Facebook's latest scandal, the social media giant continued to rake in a record amount of revenue.
The Internal Revenue Building

Biden’s Plan for IRS Monitoring of American Bank Accounts

Economy
In this proposal, financial institutions, including credit unions and banks, would have to file annual reports to the IRS for any customer account withdrawals or deposits in of $600 or higher.
closeup of the facilities of a coal industry

As Demand for Coal Grows, Economies Feel the Pinch

Economy
Looming coal shortages ahead of winter demand leaves many countries fearful of the future. Reasons for the shortage run the gamut.
Amazon logo on black shiny wall

Amazon the Latest Company Sued Regarding COVID-19 Protocols

Economy
The lawsuit was filed on Friday, October 8, in a U.S. District Court. The lawsuit states that this was not the first time Amazon had required workers to come in to perform work duties without pay.
The Wall Street Journal newspaper in a hand

Is Wall Street Journal Conservative? You May Know the Answer

Economy
The  Journal is a news source well-known for having excellent business-oriented content. It has a reputation for being the "newspaper of record" and has been around since 1889.
USPS Post Office

USPS Pilot Program Could Change the Way People Bank

Economy
Select postal sites that will offer check cashing up to $500, access to ATM machines, expanded wire transfers, an improvement on money orders, and opportunities to pay bills.
cargo container ship

Backlog at West Coast Ports Compels Major Retailers to Hire their Own Cargo Ships

Economy
As more than sixty cargo ships sit idle outside the Ports of Los Angeles and Long Beach, American retailers are preparing to avoid a major shortage ahead of the holidays.

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  • Economist Says the Average Household is Spending $175 Per Month Extra Due to Inflation
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