For decades, the U.S. dollar has been the primary medium of exchange for international trade, but recent developments are impacting the dollar’s global dominance. China has been making efforts to replace the U.S. currency with its own, the yuan. Now Saudi Arabia is helping accelerate those efforts by agreeing to sell its oil to China…

The oldest conservative grassroots organization is in disarray after the American Conservative Union’s treasurer announced a sudden resignation from the group that runs the Conservative Political Action Conference. In his resignation letter, Bob Beauprez alleges financial mismanagement largely laying the blame at the feet of Chairman Matt Schlapp. Beauprez accused Schlapp of concealing financial records…

Americans can’t say they weren’t warned. According to Treasury Secretary Janet Yellen, if Congress and the White House fail to reach an agreement to lift the limit on federal debt, the Treasury could start to miss payments on its obligations as early as June 1. A U.S. default would shatter the $24 trillion market for…

The NAACP is warning Black Americans to avoid traveling to Florida. The civil rights group issued a formal travel advisory warning Black people against visiting the state due to Gov. Ron DeSantis’ “aggressive attempts to erase Black history” through controversial legislation. The warning comes the same week DeSantis officially launched his 2024 presidential campaign. Straight…

A 94-year old woman has won a landmark Supreme Court case that could change property rights nationwide. The justices ruled unanimously in Geraldine Tyler’s favor after she sued a Minnesota county government for selling her home over unpaid taxes and pocketing the profits.  Hennepin County sold Tyler’s $40,000 condominium in 2015 because she had an…

A faked AI-generated image of an explosion near the Pentagon on May 22 actually moved the stock market. While it may be the first AI image to do so, it’s not the first time fake news has led to serious financial damages. Here are five times fake reports caused real dips in the stock market…

With just days to go ahead of a potential government default, House Republicans are charting a path to ensure they can secure the 218 votes needed to raise the debt ceiling. House Speaker Kevin McCarthy, R-Calif., can’t do that alone. He has to get input from the heads of “the five families,” who are leaders…

One week before the X-date, when the U.S. could potentially default on its debt, the country’s credit rating was put on notice. Fitch Ratings warned late Wednesday, May 24, that the federal government’s gold standard AAA rating is now on “rating watch negative.” The Treasury Department has said it can’t know for sure exactly when…

“Twitter Files” journalist Matt Taibbi was not only the center of an IRS investigation, but the federal agency was working overtime to dig into the journalist’s tax records from years back. Taibbi says the IRS probe against him started on Christmas Eve 2022, which is rare for agents to do given its proximity to the…