The midterm elections are less than six months away, and advance polling shows that President Biden’s declining public approval numbers are at the lowest point of his presidency. A major factor is the faltering U.S. economy, with two-thirds of the nation disapproving of Biden’s leadership. History is not on the side of Democrats heading into…

According to the latest presidential approval poll from The Associated Press-NORC Center for Public Research, President Joe Biden’s popularity is the lowest it’s been over the course of his presidency. The May edition of the poll had President Biden’s approval at 39%, down from 45%. “I don’t know how much worse it can get,” Milan…

Here’s the good news: summer’s right around the corner and COVID-19 restrictions are practically a thing of the past. The bad news: now it’s inflation putting a damper on those travel plans. Never fear: we’ve got ways to beat it with the best and cheapest summer adventures in this week’s Five For Friday. #5: Vietnam…

With persistent inflation at its highest level in 40 years and warnings of an economic slowdown, experts are sounding the alarm over an economic calamity. We’re not talking about recession but rather stagflation — a phenomenon that concerns economists and central banks alike. Definition Stagflation is an economic event where rising prices meet a slowing…

The decline of real GDP in the first quarter of 2022 set off yet another alarm in economic circles about the strength of the U.S. economy. Real GDP is a statistic used to measure the value of goods and services. A decline in that number indicates a decline in economic activity. As Straight Arrow News…

For the first time since March 2021, the S&P 500 closed below 4,000 points. The index lost 132.1 points or 3.20% Monday, falling to 3,991.24. The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7. And in the largest drop, the Nasdaq Composite dropped 521.41 points, or 4.29%, to 11,623.25. The energy sector…

Sri Lankan Prime Minister Mahinda Rajapaska announced on Twitter that he has submitted his letter of his resignation to his brother, Sri Lankan President Gotabaya Rajapaksa. Monday’s resignation came after weeks of protests over the country’s worst economic crises in decades. “We are here to protect our country from the Rajapaksas who have dragged this…

Updated on June 1, 2022 from Peter’s “Zeihan on Geopolitics” newsletter: Private insurance companies, crews, captains, and port workers are simply refusing to cover, load, unload, and give harbor to Russian ships and Russian goods. While the EU is putting together another (the sixth!) sanctions package that will touch on some of these issues, the…

The biggest tech deal in history is at risk over increased scrutiny by antitrust enforcers within the Federal Trade Commission, led by a 33-year-old legal scholar and prominent Big Tech critic. Chair Lina Khan has in her crosshairs Microsoft’s $68.7 billion acquisition of Activision Blizzard, and it’s not her only target. The agency is also…

Inflation is on a tear, markets are volatile and consumer dollars aren’t going as far as they once did. It sounds like a perfect time for some valuable penny-pinching tips in this week’s Five For Friday. #1: Cash stuffing Popular video-sharing app TikTok has turned the old-school “cash envelope system” on its head. “Cash stuffing”…