As inflation cools and Federal Reserve Chair Jerome Powell hints at interest rate cuts next year, markets are rallying and consumers are spending. Yet many Americans remain pessimistic about the economy as the cost of living continues to soar, particularly when it comes to housing. Straight Arrow News contributor Peter Zeihan explains why inflation jumped…

If you’re looking for a little holiday cheer, it’s the perfect time to check that 401(k) balance. Stocks are soaring this week and the Dow Jones Industrial Average hit a record high, erasing nearly two years of turmoil. The previous high was set in January 2022. The S&P 500, a collection of the 500 largest…

In 2023’s third quarter, U.S. real gross domestic product (GDP) increased by 5.2%. This growth was driven by upswings in various sectors, including consumer spending, private inventory investment, exports, and local, state and federal government spending. Straight Arrow News contributor David Pakman argues that the Republican forecast of an economic downturn under President Biden never…

According to the White House, President Biden will not attend the U.N. Climate Change Conference in Dubai later this week. World leaders from nearly 200 countries are expected to attend the meeting known as COP28. Yet most governments are still strolling when they need to be sprinting. UN Climate Change Executive Secretary Simon Stiell News…

The underground market for counterfeit brand names is so widespread, it’s hard for law enforcement to keep up. However, on Nov. 15, federal prosecutors in New York announced a major bust — one they say is the “largest-ever” seizure of counterfeit designer goods in U.S. history. The seizures announced today consist of merchandise with over…

The Senate passes the two-step funding bill ahead of the government shutdown deadline. And, with holiday shopping in full swing, Amazon is warning customers that scams are on the rise. These stories and more highlight The Morning Rundown for Thursday, Nov. 16, 2023. Senate passes short-term funding bill to avert government shutdown Because of bi-partisan…

Inflation is well off its peak of 9.1%, sitting below 4%. So why doesn’t it feel like we are getting price relief? We crunched the numbers and found out how much prices have really spiked over the past three years in this week’s Five For Friday.  #5: Shelter Shelter is the most basic necessity and…

For the first time ever, Tesla’s superchargers will be deployed on an independent electric vehicle (EV) charging network. Oil and gas giant BP is making a $100 million investment in the chargers, which it plans to roll out by as early as 2024. The first of these chargers will be installed at locations in Chicago,…

With the 2024 presidential election a year away, new research shows that Americans are watching or reading the news less closely than they were just a few years earlier. According to a new Pew Research Center analysis, since 2016, there has been a precipitous decline in adults following the news. In 2016, 51% of adults…

Americans are falling behind on their car payments at a rate not seen in about 30 years. The National Automobile Dealers Association has warned that a combination of recent “surging interest rates” and “higher vehicle prices” will continue to “put further pressure on vehicle affordability” going forward, hampering the ability of consumers to purchase a…