A week ago, U.S. Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV) announced an agreement on a bill that will invest roughly $300 billion in deficit reduction and $369 billion in energy and climate change programs. Dubbed the Inflation Reduction Act, Democrats are racing to ready the bill for a vote even…

The economy has technically been shrinking all year, but what about Wall Street? After the busiest business week of the summer, now more than half of the country’s largest companies have reported second quarter earnings. Here’s what we have learned from them so far. #1: Big Oil strikes gold The two largest U.S. oil companies,…

In early July, Texas Gov. Greg Abbott (R) enlisted the Texas National Guard to arrest and bus illegal Mexican immigrants back to entry points along the border. More recently, Abbott sent thousands of migrants to Washington, D.C. to prove a point about President Joe Biden’s lax immigration policies. Straight Arrow News contributor Ruben Navarrette argues…

Last week, we learned the U.S. economy likely shrank for the second consecutive quarter as the advanced government estimate of gross domestic product came in at -0.9%. Now, the country has been thrust into a politically-heated debate: Are we in a recession? The Biden administration and political appointees say no. “That doesn’t sound like a…

Chinese President Xi Jingping warned President Joe Biden not to “play with fire” over Taiwan in a two hour call Thursday between the two leaders. Xi’s comments came as House Speaker Nancy Pelosi departed for a tour of Asia Friday, where a possible visit to Taiwan remains uncertain. “Those who play with fire will perish…

There’s a lot of talk about a recession out there considering the economy just notched its second consecutive quarter of contraction. The nation’s largest retailer Walmart is already sounding the alarm that its profit outlook for this year isn’t looking great. But some companies actually thrive during a downturn, so here are some recession-proof sectors…

The U.S. economy shrank for the second straight quarter, stoking recession fears. Government data showed Thursday that the country’s gross domestic product contracted by 0.9% in the second quarter, following a 1.6% contraction the first quarter of the year. Traditionally, people think of a recession as two consecutive quarters of negative growth, which is what…

It only took two weeks for Sen. Joe Manchin (D-WV) to change his mind on how he will vote for the Inflation Reduction Act. Manchin said in a press release he is now voting for an energy and healthcare package after further discussions with Senate Majority Leader Chuck Schumer (D-NY). Details of the full spending…

The Federal Reserve Wednesday announced its fourth interest rate hike in as many months as the central bank tries to rein in 4-decade high inflation. Following its July meeting, the committee voted to raise the benchmark rate by another 0.75%, identical to the supersized hike in June, which hadn’t been done before that since 1994.…

Russia airstrikes target Ukraine ports – Ukraine’s black sea region ports continued to be bombarded by Russian air strikes Tuesday. The air strikes may further jeopardize Ukraine’s ability to ship out goods amid fears of a global food crisis. “In Odessa, there is a hit in private buildings of coastal villages with the following arson.…