China’s sluggish economy is dragging down the global economy with it. U.S. stocks fell Monday morning after troubling growth numbers from the world’s No. 2 economy. Commodities also fell, with Brent crude and West Texas Intermediate crude both down more than 5% to start the day. The safe haven U.S. dollar, meanwhile, rose amid fears…

John Fetterman is back on the campaign trail after experiencing a life-threatening health scare in March. Pennsylvania’s lieutenant governor has appeared before the media after recovering from a stroke.  The tattoo-bearing, hoodie-wearing, and meme-sharing politician is running for U.S. Senate against former TV doctor Mehmet Oz. Both are vying to replace retiring Sen. Pat Toomey…

The video game industry experienced a massive boom during the COVID-19 pandemic, but then Americans spent 13% less on gaming in the second quarter of this year from the same period a year ago and more time outside. Consumer spending has also been taking a hit amid worries about the state of the economy. Still,…

The Biden Administration’s goal to have half of all car sales to be electric vehicles by 2030 has driven competition among car makers like Ford to capitalize on the green energy initiative. Thirteen companies announced plans to spend more than $75 billion to open electric vehicle manufacturing plants in six states. By 2025, more than 100…

Wednesday’s top stories include candidates backed by former President Trump winning several races in the latest round of primary elections and a judge ruling three LIV golfers will not compete in PGA Tour’s postseason. As for what’s ahead, Former President Trump will testify in a New York investigation into his business practices. Trump-backed candidates’ primary…

Inflation decelerated in July to 8.5% year over year following June’s peak of 9.1%, according to the Bureau of Labor Statistics report out Wednesday. A dip in energy prices helped cool the consumer price index, which has hovered at four-decade highs all year. Overall consumer prices were flat for the month of July from June,…

Is the U.S. in a recession? The tools we’ve used in the past to answer that question may no longer provide the answer. Inflation remains a big problem. The GDP has also contracted for two consecutive quarters. But we also had a blockbuster July jobs report that put unemployment at levels not seen since 1969.…

Top Headlines August 5th, 2022: Sen. Sinema to vote yes on spending bill – Sen. Kyrsten Sinema (D-AZ) announced Thursday night she is on board with Senate democrats’ $430 billion Inflation Reduction Act after securing some minor changes to the legislation. “We have agreed to remove the carried interest tax provision, protect advanced manufacturing, and…

The Federal Reserve’s battle against inflation is in full swing. The Fed has already raised interest rates four times in as many months as the inflation rate has soared to 9.1%. While the U.S. has not officially entered a recession, the national economy has shrunk for two consecutive quarters. Straight Arrow News contributor Larry Lindsey…

When it comes to the federal budget, government projections rarely match up with reality. As the federal budget for fiscal year 2023 and beyond gets ironed out, some economists are crying foul. Two federal agencies create federal budget projections: the Congressional Budget Office (CBO) and the Office of Management and Budget (OMB). The CBO scores Congress’ budget.…