Money

In news that shocked the automotive industry, General Motors announced that it plans to close five of its production plants in North America, laying off 15% of its salaried workforce, …

The unconventional monetary policy undertaken by central banks to respond to the financial crisis took the form of quantitative easing (QE), a massive injection of money into the financial system …

The results are in, and Democrats have retaken the House of Representatives but Republicans have retained control of the Senate. The big question now is, what effect will this split …

With interest rates rising throughout the economy, mortgage rates have risen along with them. That has caused a slowdown in the housing market that threatens to take the rest of …

The free market is widely believed by many to be a scheme for the rich to get richer and for large corporations to grow larger. The truth is exactly the …

Last week’s movements in stock markets were a wake-up call for investors of all stripes. Only days after reaching record highs the Dow Jones plummeted once again, dropping nearly 1,400 …

The average interest rate on a 30-year mortgage rose above 5% this week for the first time since 2011. And while that’s still a relatively low rate historically speaking, the …

The Dow Jones on Wednesday suffered its third-largest one-day point drop ever, ending the day down more than 830 points. That was a major wake-up call for those who thought …

With the onset of tariffs pushed by the Trump administration, their effect on world trade has been profound. And while the effects on the US economy have been pronounced, affecting …

Political division is higher than ever nowadays. Left-wingers and right-wingers hate each other to no end and they both believe that the opposing side is what is standing in the …