Temporary Tariffs Expire Today as Trump Administration Locks in Permanent Duties on 60 Countries
The 150-day clock on Donald Trump’s emergency global tariffs runs out at midnight tonight, and the administration […]
Economy
Houthis Hit Two Saudi Oil Tankers in the Red Sea, and Crude Is Suddenly Knocking on $100
Yemen’s Houthi rebels said they struck two Saudi oil tankers, the Encelia and the Layla, with missiles
Houthis Hit Two Saudi Oil Tankers in the Red Sea, and Crude Is Suddenly Knocking on $100 Read More »
New 50% Tariffs on Canadian Hockey Sticks, Cheese, and Cars, and the USMCA May Be Dead
President Trump signed three proclamations Monday imposing 50% tariffs on a sweeping range of Canadian imports, from
New 50% Tariffs on Canadian Hockey Sticks, Cheese, and Cars, and the USMCA May Be Dead Read More »
Gas Prices Hit $4 a Gallon Again as Iran War Squeezes American Wallets
The national average price of gas crossed $4 a gallon on Monday for the first time in
Gas Prices Hit $4 a Gallon Again as Iran War Squeezes American Wallets Read More »
The Largest Housing Bill in a Generation Just Became Law Without Trump’s Signature
The 21st Century ROAD to Housing Act officially became law on Thursday after President Donald Trump let
The Largest Housing Bill in a Generation Just Became Law Without Trump’s Signature Read More »
The June Jobs Report Just Confirmed What Workers Already Knew: This Economy Is Running on Fumes
The U.S. economy added just 57,000 jobs in June, less than half the 115,000 economists had projected,
Strong Currency vs. Weak Currency: Which Is Better?
Most folks assume a “strong” currency must mean a country is doing well. Is success tied to
Strong Currency vs. Weak Currency: Which Is Better? Read More »
Congress Passes Landmark Housing Bill That Bans Private Equity From Buying Single-Family Homes
Congress sent the largest housing affordability package in decades to President Trump’s desk on Tuesday after the
Alan Greenspan, the ‘Maestro’ Who Made the Fed Chair the Most Powerful Job in Washington, Dies at 100
Alan Greenspan, the “Maestro” who ran the Federal Reserve for 18 years and made the Fed chair Washington’s most powerful unelected job, has died at 100.
Iran Closes the Strait of Hormuz Again, Three Days After Reopening It Under the Truce
Iran’s armed forces declared the Strait of Hormuz closed to shipping on Saturday, reversing a reopening that
Iran Closes the Strait of Hormuz Again, Three Days After Reopening It Under the Truce Read More »
Cuba Just Threw Out Its Own Playbook With 176 Free-Market Reforms
Cuba’s Communist Party approved the most sweeping economic overhaul in the island’s six-decade socialist history on Thursday,
Cuba Just Threw Out Its Own Playbook With 176 Free-Market Reforms Read More »
Beef Just Hit $9.64 a Pound, and America’s Summer Grilling Season Has a Problem
The average retail price for fresh beef reached a record $9.64 per pound in April 2026, and
Beef Just Hit $9.64 a Pound, and America’s Summer Grilling Season Has a Problem Read More »
Social Security Faces a 24% Benefit Cut by 2032, and No One in Washington Has a Plan
The Committee for a Responsible Federal Budget published a state-by-state analysis this week showing exactly what happens
Social Security Faces a 24% Benefit Cut by 2032, and No One in Washington Has a Plan Read More »
Iran Ceasefire Expires With No Deal in Sight as Gas Prices and 6% Inflation Squeeze American Households
The Iran ceasefire expired Sunday with no deal in sight. Trump rejected Tehran’s latest proposal as “garbage.” Meanwhile, gas prices are up 45%, inflation hit 3.8% in April, and forecasters project 6% by Q2. The war that was supposed to be quick is now the primary driver of an economic crisis heading into midterm season.
Kevin Warsh Takes the Fed Today, and the Country’s Inflation Math Just Got Harder
Kevin Warsh walks into the Eccles Building on Thursday as Federal Reserve chair, sworn in after a
Kevin Warsh Takes the Fed Today, and the Country’s Inflation Math Just Got Harder Read More »
Inflation Hits 3.8% as Iran War Drives Gas Prices to a Three-Year Peak
April 2026 CPI hit 3.8% annual, the highest since 2023, driven by a 28% surge in gasoline prices from the closed Strait of Hormuz. The Fed has run out of room.
Inflation Hits 3.8% as Iran War Drives Gas Prices to a Three-Year Peak Read More »
Spirit Airlines Shuts Down: Iran War Fuel Spike Kills First Major US Airline In 25 Years
Spirit Airlines ceased all operations on May 2, 2026, becoming the first major U.S. airline to fold in 25 years after jet fuel prices doubled amid the Iran war. The carrier’s collapse reveals the fragility of ultra-low-cost airlines operating on razor-thin margins when geopolitical shocks hit commodity markets.
Spirit Airlines Shuts Down: Iran War Fuel Spike Kills First Major US Airline In 25 Years Read More »
New Iran Strike Option on the Table as Oil Hits $126 and Gas Prices Crush American Wallets
The Iran war is now squeezing the country from both ends: a $28 billion military tab that keeps climbing, and $4.30 gas that’s draining household budgets faster than any tax hike ever could.