Russia will voluntarily be cutting its oil production next month by as much as 500,000 barrels. It’s a direct response to the Western alliance backing Ukraine in the war. After Russia waged war in Ukraine, the U.S. and other countries imposed sanctions on Russian oil. Now, Russia is retaliating.  With Russia slashing its oil supply,…

This week the head of the United Nations warned the war in Ukraine has a good chance of spilling over into other countries. Poland has been preparing for that possibility for months. Poland sits to the west of Ukraine and is one of its staunchest supporters. The Polish government led the charge to give Ukraine main…

Home prices went up in 90% of metro markets across the U.S. in the last quarter of 2022 despite weakening demand, new data from the National Association of Realtors (NAR) shows. Compared to a year ago, the national median price of a single family home rose 4% to $378,700. The price increase is happening in…

It’s fairly well known that politicians regularly beat the market, making lucrative and sometimes strangely-timed stock trades that put a lot more in their pockets than their sub-$200,000 salaries. Now, anyone can trade like a member of Congress. Enter NANC and KRUZ, the tickers behind two exchange-traded funds that mimic moves made by Democrats and…

The January jobs report stunned Friday morning, showing the U.S. economy adding more than half a million jobs when economists expected fewer than 200,000. It was the strongest monthly job growth since July and snapped a 5-month slowdown. Meanwhile, the unemployment rate dropped to 3.4%, its lowest rate since May 1969 and down from December’s…

The unemployment rate in January just dropped to its lowest level since 1969. Meanwhile, U.S. job growth for the first month of the year surged, more than doubling expectations. The latest numbers from the Bureau of Labor Statistics (BLS) stunned economists who expected to see a continued slowdown in growth. But the economy bucked that…

40 million people are under winter weather alerts; Congressman George Santos steps down from his committees; and the people have spoke, the government is this country’s No. 1 problem. This is Straight Arrow News. Unbiased. Straight Facts. Winter weather grounds planes, kills one More than 40 million people are under winter weather alerts as an ice…

The federal COVID emergency will officially come to an end this spring; winter weather is again grounding flights nationwide; first responders involved in the Tyre Nichols case have been fired; and an appeals court rules that Johnson and Johnson cannot use a subsidiary to protect itself from lawsuits. These stories and more highlight the daily…

The labor market may have been much weaker than the government let on in 2022. While the Bureau of Labor Statistics initially reported the U.S. economy added 1.2 million jobs last spring, a new report shows the private sector had a net loss of 287,000 jobs during the same time period, a difference of nearly…

The U.S. hit its debt ceiling last week and began enacting “extraordinary measures” to avoid a default that could be disastrous for the U.S. economy. At a Jan. 25 Senate Republican press conference, Sens. Ted Cruz, R-Texas, Ron Johnson, R-Wis., Rand Paul, R-Ky., and others spoke to reporters with a message for President Biden. Straight…