Days after two U.S. banks failed, a Swiss bank is now in crisis. Credit Suisse shares sank as much as 30% Wednesday, hitting a new record low and dragging down global markets already jittery from bank instability. The fallout is not related to the demise of Silicon Valley Bank and Signature Bank, but the timing…

A Vietnamese electric vehicle company looking to build a factory in the United States has left dozens of North Carolina residents fearful of losing their homes to eminent domain. It was just under a year ago when Gov. Roy Cooper (D-NC) announced a deal with VinFast to build a factory in the state. The factory…

The murder of two American citizens who crossed the border into Mexico ignited national outrage and led several lawmakers to call for Mexico’s notoriously violent drug cartels to be designated as foreign terrorist organizations. Straight Arrow News contributor Peter Zeihan warns that while the cartels are certainly deserving of firm-handed justice, U.S. military actions are…

In the face of a robust labor market and rising consumer prices, the Federal Reserve is prepared to raise interest rates until it feels it has sufficiently beaten back inflation. Fed Chair Jerome Powell recently testified, “the ultimate level of interest rates is likely to be higher than previously anticipated,” and many economists now believe…

Bank stocks around the world have dipped in the wake of a dramatic sell-off; Senate Minority Leader Mitch McConnell, R-Ky., is recovering from a concussion; American kidnappers were turned in by their own cartel; and a mass shooting in Germany claimed multiple lives. These stories and more highlight your daily rundown for Friday, March 10,…

After shooting down China’s spy balloons in the sky, the government is now setting its sights on TikTok, the popular Chinese app. The White House is backing a new bipartisan bill introduced this week that would allow the federal government to regulate and ban foreign-produced technology deemed a national security risk. “In terms of foreign…

Although Arab Israelis have the same rights as Jewish Israelis under the law, the former face widespread discrimination and segregation in the workforce. This is a concern to economists because Arab Israelis make up just over 20% of Israel’s population. Ultra-Orthodox Jews — who make up about 13% of the population — are also a…

Federal Reserve Chair Jerome Powell warned the Fed could accelerate rate hikes if evidence continues to point to a robust economy and persistently high inflation. Powell’s warning came during testimony in front of the Senate Banking Committee on the morning of Mar. 7. “The latest economic data have come in stronger than expected, which suggests…

China has a new foreign minister, and in his first news conference since taking office, he directed a warning to the U.S. He said that if Washington stays on its current path, there will be inevitable “confrontation and conflict” between the United States and China. The new Foreign Minister Qin Gang shares the same sentiments…

China has increased its 2023 defense budget by 7.2%. In U.S. dollars, China’s defense budget is equivalent to $230 billion, marking an increase of about $16 billion over its 2022 defense budget. Similarly, the U.S. increased its 2023 defense budget, but its defense budget totals roughly $800 billion. China’s increase in military spending comes as tensions…