OPEC+ announces major cut in global oil supplies
OPEC+ has announced a significant cut in global oil supplies ahead of European Union embargoes on Russia energy and in time for the peak winter season, Reuters reports. Exacerbating concerns about soaring inflation, the move is expected to push up the …
Israel, EU renew dialogue for first time in over a decade
Prime Minister Yair Lapid spoke Monday with delegates from the European Union, renewing economic and political dialogue with the bloc for the first time in over a decade.
Final GDP reading shows US economy shrank 0.6% in the spring, cementing start of recession
The U.S. economy shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher int…
British Pound Plunges To Record Lows
The British pound plunged to an all-time low against the U.S. dollar Monday as investors ran for the exits after the new government’s fiscal plan threatened to stretch Britain’s finances to their limits.
Biden has passed 99 executive orders that have cost taxpayers $1.5 trillion dollars
President Biden has passed 99 executive orders since becoming president and a federal budget expert has estimated that the cost to taxpayers will be upwards of $1.5 trillion, with his recent student loan forgiveness accounting for a huge portion of tha…
US national debt climbs to almost $31 trillion
The US record-breaking national debt is now almost $31 trillion, Fox Business reports. The last US national debt milestone was in February 2020, when it exceeded a record $30 trillion for the first time.
Featured
