Texas has been on a tear. The “Lone Star State” currently stands as one of only two U.S. states with a population of 30 million or more. According to the latest employment data from July, Texas has once again taken the lead nationwide in terms of jobs added throughout the past year. Straight Arrow News…

The latest swell of dedollarization really gained steam after the U.S. levied harsh financial sanctions against Russia for invading Ukraine. Russia, its allies and economic partners have gone as far as discussing creating a brand new currency to combat dollar dominance. As the current world reserve currency, the U.S. dollar is at the center of…

The U.S. dollar has been the world’s dominant reserve currency for as long as most people alive can remember. Dedollarization talk in the past has never amounted to much, but with renewed calls to dedollarize, is king dollar about to lose its reign? I should say never is a very long time. I shouldn’t say…

The U.S. dollar’s global dominance has been a sure thing for about a century. Now emerging economies are looking to dethrone it. Foreign ministers from Brazil, Russia, India, China and South Africa, nations known collectively as BRICS, have recently discussed using alternative currencies to challenge U.S. global influence. Representatives from the bloc gathered in Cape…

Is the U.S. dollar really at risk of losing its reserve currency status? Dedollarization talks are heating up as more countries look to cut the U.S. dollar out of trade transactions. What would a move away from the U.S. dollar mean for the U.S. economy and what currency could replace it? Geopolitical strategist Peter Zeihan…

The BRICS summit is scheduled to take place Aug. 22-24 in Johannesburg, South Africa with member nations Brazil, Russia, India, China and South Africa. Together, these nations account for 16 percent of international trade, a substantial portion of which is conducted in U.S. dollars. These countries want to decrease their dependence on the dominant U.S.…

In the seventh such incident following Russia’s withdrawal from the Black Sea Grain deal, a Russian drone carried out an attack on a Ukrainian port. Ukrainian authorities claim that Russian forces are intentionally targeting port facilities to block exports, posing a danger to food security in developing nations reliant on Ukrainian grain. This attack is…

After repeatedly churning out disappointing economic data, banks are slashing China’s growth outlook for 2023. Many economists now say the modest 5% growth target China set in March is now at risk, with JPMorgan Chase cutting its estimate to 4.8% and Barclays going down to 4.5%. The world’s second-largest economy cut two key policy rates…