Javier Milei promised pain for the people of Argentina, and they elected him president anyway, with the highest share of votes since Argentina’s return to democracy. One year removed from his resounding victory, are Argentines already running out of patience with Milei? He’s still the most popular political leader in the inflation-ravaged nation, but popularity is…

President-elect Donald Trump has announced Chris Wright, CEO of Liberty Energy, the world’s second-largest provider of hydraulic fracturing services, as his nominee for secretary of energy. If confirmed, under Wright’s leadership, the Department of Energy is likely to adopt a much different approach to policy when compared to the previous four years. “There is no…

Target offered disappointing third-quarter earnings results Wednesday, Nov. 20, as it looks ahead to the holiday shopping season. After lowering prices on thousands of items in recent months to lure shoppers, it has now lowered its expectations for the year. This was in contrast to Walmart, which raised its annual forecast just 24 hours earlier.…

The price of used or pre-owned cars dropped by 6.2% in the first three quarters of 2024. According to Edmunds.com, the average price is now $27,000. This marks a significant change from 2022 when inflation was soaring and the average price of a used car was greater than $30,000. Experts say there’s now an abundant…

A wide-ranging blame game ensued in the aftermath of Donald Trump’s victory in the U.S. 2024 presidential race, with Democrats offering many different explanations to try to understand why and how they lost Congress, the White House and the popular mandate all at once. Much of that criticism turned inward, as liberals critiqued themselves and…

As President-elect Donald Trump continues to name members of his cabinet, a bit of a policy news came out this week. Reuters reported that Trump’s transition team wants to get rid of the $7,500 tax credit for people who buy electric vehicles. Ending the tax credit could have negative implications on the EV industry, which…

Texas Gov. Greg Abbott, R, is taking steps to keep tuition rates from rising at the state’s public universities. Abbott sent letters to all public universities in Texas, speaking with each school’s board of regents, and reached an agreement that tuition will remain frozen through the 2026-2027 school year. In the letter, Abbott cited the…

U.S. wholesale inflation increased by 0.2% in October, revealing that some price pressures still persist at the producer level. The producer price index rose 2.4% for the year ending in October, exceeding previous growth figures.Wholesale food prices decreased by 0.2% in October, offering relief for inflation-affected consumers. Inflation peaked in mid-2022, then fell steadily. However,…

The FBI raided the Manhattan home of Polymarket CEO Shayne Coplan early Wednesday, Nov. 13. During the raid, agents seized electronic devices as part of a Justice Department investigation into allegations that the platform violated federal gambling laws. Coplan, who wasn’t arrested, called the raid “discouraging” and accused the outgoing administration of targeting businesses perceived…

Annual consumer price inflation in October heated up a hair at 2.6%, bringing concern disinflation may have stagnated too far away from the Federal Reserve’s 2% target. In September, consumer prices rose 2.4% on an annual basis. Bank of America economists said ahead of Wednesday’s report, “Inflation is moving sideways after a period of substantial…