Despite new data from the Commerce Department that indicates inflation may have finally peaked, rising prices have Americans more concerned than any other issue, even the Russian invasion of Ukraine. The growing fears of a potential recession have the White House worried enough that President Biden met with Federal Reserve Chair Jerome Powell to discuss…

U.S. President Joe Biden’s first stop on his inaugural trip to Asia on Friday was a massive Samsung Electronics plant where semiconductor chips are produced. The trip underscores a message of economic security with an eye on China and Taiwan. “The critical component of how we’ll do that in my view is by working with…

Baby formula producer Abbott announced it has reached a deal with the Food and Drug Administration (FDA) to reopen its largest domestic plant in Sturgis, Michigan. Back in February, Abbott halted production at the plant and recalled several brands of formula amid an FDA investigation into bacterial infections among infants who consumed powdered formula from…

The biggest tech deal in history is at risk over increased scrutiny by antitrust enforcers within the Federal Trade Commission, led by a 33-year-old legal scholar and prominent Big Tech critic. Chair Lina Khan has in her crosshairs Microsoft’s $68.7 billion acquisition of Activision Blizzard, and it’s not her only target. The agency is also…

The Federal Reserve announced Wednesday it’s hiking its benchmark interest rate by 50 basis points, the second hike in two months and the largest one-time hike since the year 2000. With inflation now running at a 40-year high after two years of pandemic-driven monetary policy, the Fed is trying to tamp down without triggering a…

The Biden administration is shopping around with some less than savory potential partners to lessen the blow of energy sanctions against Russia, and that may not even work. Venezuela, Saudi Arabia, and Iran–all well-known and fairly maligned regimes from right, left, and center of American politics–are all sitting on top of some of the largest energy…

Think the Europeans will need to get by without Russian crude? You are 100% correct. But you are not thinking anywhere near big enough. Most of Russia’s oil fields are both old and extraordinarily remote from Russia’s customers. Fields in the North Caucasus are either tapped out or were never refurbished in the aftermath of the…

The days of bigger candy bars and mega toilet paper rolls are gone. With record inflation comes “shrinkflation,” the term used when companies give you less product for the same price. Instead of more obviously passing on higher prices to customers in the sticker price, companies sneakily trim product quantities, hoping consumers won’t notice. But…

Russia is finding it increasingly difficult to sell its oil in Europe and other traditional markets, as a mixture of sanctions, market pressures and consumer choice are shifting against Moscow. It’s not that Russia is barred against selling oil. What’s going on is that insurers are not covering ships that are going to pick up…

Now that the question of a Russian invasion of Ukraine has proven itself not to be a hypothetical, Western governments will be pushed to respond. The United States and its European allies are likely to pursue a sanctions campaign, but this is easier said than done. While it has been popular to deride Russia and…