As COVID-19 continues to challenge economies around the globe, China’s economy has cooled while India could become the world’s fastest growing economy. China released data showing the country’s economy slowed sharply in the second quarter, largely due to a zero-COVID policy and lockdowns. China’s gross domestic product grew 0.4% from April to June 2022. It had grown almost 5% in…

In front of the beautiful backdrop of the Bavarian Alps, G7 leaders announced a new investment plan called the Partnership for Global Infrastructure (PGII). The goal is to invest $600 billion over the next five years in lower and middle income countries around the world, with the U.S. pledging $200 billion. The ambitious plan includes…

The U.S. hasn’t seen inflation this high since 1981, raising the possibility the Federal Reserve may do something it hasn’t done since then to tame it: That is to raise its benchmark interest rate by a full percentage point at one time. The possibility is being penciled in after June’s 9.1% consumer price report. Atlanta…

According to the Labor Department’s Consumer Price Index (CPI) report for the month of June, prices increased on both a monthly and annual basis, by 1.3% and 9.1%, respectively. As seen in previous months, year-to-year inflation set another 40+-year high in June, going all the way back to 1981. The record inflation continues to be…

The single biggest pipeline bringing Russian gas to Germany is shut down. Russia said Nord Stream 1 needs maintenance, but some German leaders said to expect some “hiccups” along the way. The Nord Stream 1 pipeline supplies natural gas to Germany. It shuts down annually for maintenance. This year, the maintenance window runs through July…

A major gas pipeline from Russia to Europe has been shut down for what have been called routine repairs, but there is concern that it may not be restarted anytime soon. The Nord Stream 1 pipeline runs beneath the Baltic Sea and delivers much of Russia’s natural gas to the continent. No country is more…

The Democratic National Committee is preparing to launch a digital ad campaign Tuesday targeting abortion rights after the Supreme Court decision to overturn Roe v. Wade. The DNC says the Republican party is looking to outlaw abortion on the national scale. According to Pew Research Center, a recent poll points to 60 percent of Republican…

We’ve heard for weeks about the looming worldwide food crisis being generated by the war in Ukraine. The price of food continues to rise, in part because the Russians are blocking Ukrainian ports, and shipments of wheat are going nowhere. About 30% of the world’s wheat comes from Russia and Ukraine, which could impact nearly…

We’re hearing more and more that the U.S. is on the verge of a recession, which is traditionally seen as two consecutive quarters of economic contraction, or a decline in gross domestic product. Officially, the National Bureau of Economic Research, which makes the final call, says it is “a significant decline in economic activity that…

The economic forecast for the U.S. remains gloomy, and experts say the worst may be yet to come. Wall Street just endured its worst first-half performance since 1970 and the World Bank expects global economic growth to slow dramatically in 2022. As his poll numbers sink amid soaring gas prices, President Joe Biden has tried…