Author: Zachary Halaschak, Washington Examiner

The economy surpassed expectations in November and added 199,000 jobs, the Bureau of Labor Statistics reported Friday, a sign the labor market is holding up despite the Federal Reserve‘s efforts this year to bring down inflation through interest rate hikes. The unemployment rate fell two-tenths of a percentage point to 3.7%, a low rate by…

This coming new year could be a big one for bitcoin and the cryptocurrency market. And crypto enthusiasts are optimistic after what has been quite a fruitful 2023 for the digital assets space. To understand what may lie ahead for the industry, it is crucial to note the momentum that bitcoin and cryptocurrencies more generally…

Sentiment among small-business owners hit its lowest level in 30 months in November, according to a new survey of small businesses across the country. The survey, released on Wednesday by the Job Creators Network Foundation, a group that promotes conservative economic policies and is generally opposed to President Joe Biden, found that an index tracking…

South Carolina’s state funds will no longer be tied to Disney as Republicans blast the company for pulling ads from X, the platform formerly known as Twitter. South Carolina state Treasurer Curtis Loftis announced on Tuesday that Walt Disney Company is being removed from the Palmetto State’s approved investment list. In a letter, he argued…

Soaring mortgage rates have combined with high housing prices to push homebuying out of reach for many people, causing major knock-on effects on their lives. The one-two punch is causing some people to reconsider buying a home or discouraging them from searching at all. Still, other homebuyers have decided to bite the bullet and purchase…

Gold prices and bitcoin prices surged on Monday as investors mull the Federal Reserve’s next moves and geopolitical tensions persist in the Middle East. Gold broke a new record on Monday, punching above $2,100 per ounce in the morning before paring that back to just over $2,000. That marks an 11% increase from the start…

The economy is increasingly likely to avoid a recession, according to a new survey of more than three dozen leading business economists. The monthly survey, which was conducted by the National Association for Business Economics in November and released on Monday, found that three-fourths of the panel pegged the odds of a recession in the…

The House voted on Friday to cancel an administration rule requiring banks to collect data on small business owners when they seek a loan, a rule that Republican critics contend is a “woke” invasion of privacy. The resolution passed in a 221-202 vote. Six Democrats joined Republicans in greenlighting the rollback. President Joe Biden has…

Contract signings for existing homes have fallen to a record low, in another sign of the beating the housing market is taking. The National Association of Realtors pending home sales index, a forward-looking indicator of home sales based on contract signings, declined 1.5% from September to October — the lowest level since the metric began…

Sen. Ron Wyden (D-OR) and other Democrats introduced a proposal on Thursday that would tax the unrealized capital gains of billionaires and very high earners. Wyden has spearheaded an effort to make a mark-to-market proposal law for years, and the new legislation is the latest iteration of that effort. The plan would affect those with…