A tsunami hit the South Pacific Island nation of Tonga after a huge undersea volcano erupted on Saturday. Satellite images showed the immense undersea eruption with a plume of ash, steam, and gas rising like a giant mushroom above the South Pacific waters. Tonga's Hunga Tonga volcano just had one of the most violent volcano eruptions ever…

Federal Reserve Chair Jerome Powell was finally confirmed Thursday to a second term after a three-month delay. He’s led the central bank since 2018, after then-President Donald Trump nominated him to the position. President Joe Biden renominated him last year but the Senate dragged on the confirmation process as inflation reached its highest level in…

Travel issues that forced thousands of flight cancellations over the Christmas weekend persisted Monday, a day after a report showed similar issues did not affect holiday sales. The travel issues have been attributed to COVID-19, particularly the Omicron variant, as well as bad weather. According to flight tracking website FlightAware, as of 4:00 p.m. EST…

We’re struggling with the highest inflation numbers we’ve seen in decades. The thing is, inflation is like a boulder rolling downhill; once it starts moving, it’s almost impossible to stop. But the not-so-distant past may offer a solution. I’m talking about the theory of supply-side economics. It helped former President Ronald Reagan get us out…

A day after the governor of Kentucky upped the death toll from the rash of recent tornadoes that hit the state and four others, he also announced the candle factory where eight workers died was under investigation. The video above shows updates from Gov. Andy Beshear (D-KY) on Monday and Tuesday, as well as some of…

Amazon told investors Thursday night the company is in danger of not making a profit in the final quarter of the year (Q4). The company could make $140 billion in Q4 sales and still not see a dime of profit. The announcement came hours after Amazon reported its third quarter financial results. The company made $110.8…

PROVIDENCE, R.I. (AP) — The flashy postcard, covered with images of syringes, beckoned people to attend Vax-Con ’21 to learn “the uncensored truth” about COVID-19 vaccines. Participants traveled from around the country to a Wisconsin Dells resort for a sold-out convention that was, in fact, a sea of misinformation and conspiracy theories about vaccines and…

The Federal Reserve’s policymaking committee indicated Wednesday the Fed may start raising its benchmark interest rate at some point next year. The new projection is earlier than members of the Fed envisioned earlier this year. In its updated quarterly projections, Fed officials now expect to raise the interest rate once in 2022, three times in…

In a decision that could threaten Apple’s biggest moneymaker, a legal ruling Friday is forcing the company to loosen its grip on its app store. The federal court ruling settles an antirust case brought by Epic Games, best known as the maker of the popular video game, Fortnite. The case looked at the commissions of…

On New Year’s Eve, just minutes before the dawn of 1992, the Soviet flag was lowered from the Kremlin for the last time. Arguably the Cold War had been over for a few years already. Glasnost and perestroika had defanged the thorny grip of the KGB and made Soviet citizens less afraid of their own…