Despite signs of an economic downturn, inflation is persisting in some of the hardest-to-avoid categories for consumers, like food and housing. The Federal Reserve is expected to continue hiking its interest rate to restrictive territory until inflation comes down significantly, according to minutes of its July session released Wednesday. While July inflation stabilized month over…

President Biden signed the Inflation Reduction Act into law Tuesday, finalizing his signature piece of legislation just before the midterms. The bill provides $369 billion for clean energy investments, $64 billion for Affordable Care Act premium subsidies, allows Medicare to negotiate drug prices and caps out of pocket costs at $2,000 per year. Democrats said all…

The moratorium on student loan payments and interest is set to expire Aug. 31. That means President Joe Biden has a big announcement to make within the next two weeks as to whether he will end or extend the freeze. Political experts believe with the midterm elections right around the corner, he will almost certainly…

President Biden is expected to sign the Inflation Reduction Act into law, hefty water restrictions could soon apply to states bordering the Colorado River as a drought hurts supply, and highly anticipated primaries in Alaska and Wyoming are set to take place. These stories are expected to grab the headlines for Tuesday, Aug. 16, 2022.…

Americans received some long-overdue relief as the annual inflation rate slowed to 8.5% in July. The Federal Reserve’s recent interest rate hikes aim to cool inflation without causing a recession. Straight Arrow News contributor Larry Lindsey wonders if Jerome Powell and the Fed can figure out inflation with a historically risky strategy. One risk if…

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…