Former President Donald Trump faces new federal charges, and a major pharmacy chain lets go thousands of its employees amid a company restructuring. These stories and more highlight The Rundown for Wednesday, Aug. 2, 2023. Former President Trump faces new federal charges Special Counsel Jack Smith announced new federal charges against Trump on Tuesday, Aug…

Driving down inflation without major job losses is a balancing act the Federal Reserve rarely nails. But hope for a “soft landing” is growing after this past week, as is the hype. History tells us it could be too good to be true. “We were having these same types of discussions in 2000 and again…

After pulling out of the grain deal with Ukraine, Russia has attacked the Ukrainian port city of Odessa and destroyed around 60,000 tons of grain stored for export. In the coming weeks, the global food supply will be significantly reduced, food prices will likely soar and some countries could face famines. Straight Arrow News contributor…

According to a CNBC survey, President Biden’s economic approval rating stands at 37%, which marks a 3% improvement from the prior survey in April. Though a handful of Biden’s policies may have benefitted some working-class Americans, many of the Democrat voters he needs to win in 2024 cite inflation and higher interest rates as major…

UPS and its union workers avoided a nationwide shipping crisis after agreeing to a work contract Tuesday, July 25. Had a deal not been reached by July 31, roughly 340,000 workers would have gone on strike in the largest single-employer strike in U.S. history. “We averted a catastrophe,” Patrick Penfield, a professor of supply chain…

Young people in China are being shut out of the labor market, causing unemployment rates among people ages 16 to 24 to surge to a record 21.3% in June. China’s powerhouse manufacturing industry is shrinking as businesses continue to leave the country and the highly educated cohort with dreams of securing high-skilled, high-wage work in…