The former president of Brazil, Luiz Inácio Lula da Silva, is facing a runoff election for president against the incumbent, President Jair Bolsonaro. The winner will face difficult decisions surrounding the country’s monetary policy, devalued currency and environmental issues. As one of the largest exporters in the region, Brazil’s stability is important to countries like…

A month into her appointment as Prime Minister of the United Kingdom, Liz Truss faces a major crisis. The British pound has plummeted as financial markets reacted harshly to Truss’s plan to enact huge tax cuts that primarily benefit the highest earners, as well as a promise to boost government spending. To say the plan…

The midterm elections are nearly a month away and results will surely reflect voters’ perception of the economy, inflation and how President Joe Biden is handling both. The U.S. economy is grappling with the worst inflation in four decades, and subsequently, the most hawkish Federal Reserve response since the 1980s. Recession has become a distinct…

The Dow Jones, S&P 500 and Nasdaq are all in a bear market, which is when an index falls 20% or more from a recent high. Wall Street had record returns last year but a troubled economy and high consumer prices have taken a toll on markets so far in 2022. We have the formerly…

While the government is throwing resources at prosecuting pandemic-related fraud cases, the Department of Justice’s Deputy Attorney Lisa Monaco announced a new plan that fights fraud in corporate America. It pushes companies to claw back any compensation received by corporate executives involved in bribery and fraud. The new plan also limits how companies use probationary…

Inflation continues to hold strong and resisting the Federal Reserve’s efforts to rein it in. The Fed has already announced plans to hike interest rates by 75 basis points, the third consecutive such increase.  Straight Arrow News contributor Newt Gingrich says the Biden administration, with its recent spending bills, is taking the wrong approach. He…

The three bears have officially arrived. At Monday’s market close, the Dow Jones Industrial Average officially joined the S&P 500 and Nasdaq composite in a bear market, with all three indexes down more than 20% from January’s highs. The Dow closed down 20.48% while the S&P was down 23.79%. The Nasdaq has fallen 31.76% since…

The British pound took a beating Monday, reaching a record low against the U.S. dollar. The plunge came as markets reacted to the new U.K. government’s plan to deliver the biggest tax cuts in 50 years while simultaneously boosting spending. “High tax rates damage Britain’s competitiveness,” U.K.’s new finance minister Kwasi Kwarteng said Friday when…

Ron DeSantis, the Republican governor of Florida, is getting mixed reviews for his decision to fly 48 Venezuelan migrants from Texas to Martha’s Vineyard. Minority Leader Mitch McConnell has indicated he likes the idea of southern state governors transporting migrants up north, because “if you added up all of the (immigrants) who’ve been taken to…

A new poll found Texas Gov. Greg Abbott, R, has widened his lead over his challenger Beto O’Rourke, D. The Spectrum News-Siena College Poll revealed Abbott leads O’Rourke 50% – 43% in the race for governor.  According to the poll, nearly all Republicans and Democrats in the state are supporting their party’s candidate, while Independents…