The beginning of the week looked bleak on Wall Street due in part to concerns on how the Omicron variant of COVID-19 is expected to affect the global economy. Things are picking back up ahead of a potential “Santa Claus Rally”. As of 12:19 p.m. EST, the S&P 500 rose 0.7%. Roughly 85% of stocks…

The White House announced Wednesday President Joe Biden is extending the nation’s student loan payment moratorium by 90 days. The video above shows White House Press Secretary Jen Psaki making the announcement at her daily briefing. The moratorium was set to expire on Jan. 31. It’s now expected to end on May 1. During this…

While officials are still collecting data to understand this Omicron variant of the coronavirus, one thing is quite clear: lockdowns are not the way to go. When COVID-19 slammed into us in 2020, the U.S. went into widespread lockdown. Schools and businesses closed. Restaurants scrambled to serve outdoors and make deliveries. Broadway productions went dark.…

Yes, inflation is way up this year. Now that the Chinese economy is teetering and the U.S. is pulling back from globalization, a re-set must occur. Consumer prices jumped 6.8% in November, the single-highest leap we’ve seen since June 1982. That jump has contributed to the Fed’s decision to taper its pandemic-related efforts and expected…

Amid a worldwide surge in cases of the Omicron variant of COVID-19, Wall Street began the week of Christmas in a slump. The S&P 500, Dow Jones Industrial Average and Nasdaq composite were all down roughly 1.8% at various points Monday. Oil producers were some of the biggest losers Monday. U.S. crude fell 6% on…

Families eligible for the child tax credit received what could be their final payments Wednesday. The payments come as the prospects of extending the credit, which is currently set to expire at the end of the year, look bleak. Since July, about 36 million families have gotten monthly payments of up to $300 for every…

Update (Dec. 16, 2021): A day after Congress finished up passing a bill to raise the debt ceiling by $2.5 trillion, President Joe Biden signed the bill into law Thursday. The bill signing comes a day after Treasury Secretary Janet Yellen sent a letter to congressional leadership saying she had to temporarily suspend two separate funds…

Gov. Kathy Hochul’s controversial statewide indoor mask mandate went into effect Monday in New York. The mandate comes a year after the state initiated its first vaccination, and COVID cases are rising. According to Hochul, the state has witnessed a 58 percent increase in new cases since Thanksgiving.  “The rest of the state now has a…

Inflation is a reality. We are all experiencing it at the grocery store, the gas pump, and just about everywhere else. But is it President Biden’s fault? Republicans think so, but let’s get one thing straight here: Joe Biden is not to blame for rising prices, especially at the pump. Presidents don’t have much power…

Inflation continues to set records, with the Labor Department reporting Friday that consumer prices increased 6.8% in November compared to the same time last year. That’s the highest annual inflation rate since a 7.1% surge for the year ending in June 1982. According to the department, consumer prices rose 0.8% from October to November. While…