September's inflation numbers were tied for the record since 2008, and were above consensus expectations yet again. With inflation being so severe and persistent, the messaging about inflation is about to change. First, it was…
Vladimir Putin via Wikimedia Commons
What Sanctions Really Do To a Country
In Ukraine today, President Volodymyr Zelenskyy accused Russia of war crimes over its continued bombardment of the port city of Mariupol, after reports of a military strike on an art school sheltering hundreds of civilians.…
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Mike Pence Takes a Shot Over Gas Prices
FIRST ON FOX: Former Vice President Mike Pence has launched a second ad within his policy organization's $10 million campaign targeting Democratic lawmakers and demanding support for America's energy independence amid the Russia-Ukraine war. Pence's advocacy and policy…
See the Biggest Economic Risks for 2022
The Covid years are littered with predictions that didn’t work out. For anyone looking ahead into 2022, that should be enough to give pause. Most forecasters, including Bloomberg Economics, have as their base case a…
Economic Growth Rate Slows to 2%
The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce…
Grocery Prices Expected to Spike
Grocery prices are headed higher later this year, according the U.S.’s largest supermarket by sales. Cincinnati-based Kroger Co., which had $132 billion in sales last year, says inflation is running hotter than management previously anticipated and that…
This State Plans to Pay Big If You…
As worker shortages drag on across the U.S., Vermont is trying to fill its employers' open positions by offering up to $7,500 to folks willing to take a job and move to the state. In order to take advantage of…
Ildar Sagdejev Via (https://creativecommons.org/licenses/by-sa/4.0/) Wikipedia Commons
Wells Fargo Scandal Restitution in Hot Water
Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal settlements, regulators are privately signaling they’re still not satisfied with the bank’s progress in compensating victims and…
DOW Sinks Over Shockingly Low Retail Sales
Shoppers in the U.S. cut back their purchases in July even more than expected as worries over the delta variant of Covid-19 dampened activity and government stimulus dried up. Retail sales for the month fell…