Stocks are slumping on Wall Street as markets assess the Federal Reserve’s move to fight inflation. The economy is a big concern for Americans and many say the country is heading in the wrong direction according to recent polling. The Fed raised its benchmark interest rate by a half-percentage point Wednesday, as the U.S. struggles…

The Federal Reserve announced Wednesday it’s hiking its benchmark interest rate by 50 basis points, the second hike in two months and the largest one-time hike since the year 2000. With inflation now running at a 40-year high after two years of pandemic-driven monetary policy, the Fed is trying to tamp down without triggering a…

Ukraine’s geography largely mimics a key American system for exports. As geopolitical strategist Peter Zeihan contends, that makes Ukraine appealing for Russia from an economic standpoint and explains why the Russians continue pummeling Ukraine. Ukraine in many ways is like the American Midwest. It has a big river going through its most productive territory. So…

The European Union wants to ban Russian oil by year’s end, but one of its own is standing in the way. Hungary’s government has said it is ready to veto any E.U. proposal to sanction Russian oil over the war against Ukraine, citing the damage a ban would do to its own economy. Hungary has…

The Commerce Department’s Bureau of Economic Analysis (BEA) reported the U.S. economy shrank for the first time since the early days of the COVID-19 pandemic in the first quarter of 2022. The economy had seen six straight quarters of growth after shrinking by nearly a third in the second quarter of 2020. “Real gross domestic…

Over a year into his presidency, President Joe Biden issued his first three pardons. The most notable pardon went to Abraham Bolden, Sr., who made history as the first Black Secret Service agent to serve on a presidential detail. According to a White House clemency recipient list published Tuesday, Bolden was charged with federal bribery…

When it comes to the stock market, there have been a lot of “worsts” in 2022, from the worst January since 2009 to the worst quarterly decline in two years. Now, with interest rates skyrocketing, inflation at a 40-year high and experts predicting increasing likelihood of recession in the next two years, investors are looking…

After 13 seasons of hosting his daytime talk show, Dr. Oz is trying to bridge the gap from celebrity cardiologist to celebrity conservative. The renowned heart surgeon is running for Senate in Pennsylvania because he disliked how the federal government handled COVID-19.   “We lost too many lives, too many jobs, and too many opportunities because…

President Joe Biden spent Earth Day 2022 on the wildfire-torn West Coast signing an executive order to protect some of the nation’s largest and oldest forests. The order directs federal land managers to define and inventory mature and old-growth forests nationwide within a year. It also requires the Forest Service, the Bureau of Land Management…

As historic sanctions taking aim at Russia’s currency, the ruble, the country is using gold in some unique ways. While some think the metal is backing the ruble, it’s the opposite, creating new challenges for Russia’s Central Bank and its citizens. Typically, the Russian Central Bank exchanges currency internationally to facilitate trade, but that’s off…