Major oil producers around the world have announced a steep cut to oil production at an OPEC+ meeting on Wednesday. OPEC+ leaders said 2 million barrels of oil per day will be slashed from production. That is the biggest cut since the beginning of the pandemic. The announcement has ignited fears of higher gas prices…

The economy and inflation are the two most important issues to American voters in this year’s midterm elections. That’s according to polls conducted around the country. For instance, a new Monmouth University poll found that nationally, inflation and crime are American’s biggest priorities, followed by elections, jobs and immigration to round out the top five.…

The midterm elections are nearly a month away and results will surely reflect voters’ perception of the economy, inflation and how President Joe Biden is handling both. The U.S. economy is grappling with the worst inflation in four decades, and subsequently, the most hawkish Federal Reserve response since the 1980s. Recession has become a distinct…

The death of Mahsa Amini, 22, from the Iranian Kurdish town of Sagez, has sparked massive protests in several Iranian cities, where activists cite 83 killed over the last two weeks. Amini died in a hospital three days after being detained by “morality police” for not wearing a hijab. Family members claim she was tortured…

Inflation continues to hold strong and resisting the Federal Reserve’s efforts to rein it in. The Fed has already announced plans to hike interest rates by 75 basis points, the third consecutive such increase.  Straight Arrow News contributor Newt Gingrich says the Biden administration, with its recent spending bills, is taking the wrong approach. He…

There are dire predictions about climate change effects. Voices, particularly on the political left, call for quick fixes. But slowing the world’s warming trend is not a fast process. Democrats contend government needs to spend massive amounts to address what some call the existential threat of a warming planet. The recently signed Inflation Reduction Act contains…

The British pound took a beating Monday, reaching a record low against the U.S. dollar. The plunge came as markets reacted to the new U.K. government’s plan to deliver the biggest tax cuts in 50 years while simultaneously boosting spending. “High tax rates damage Britain’s competitiveness,” U.K.’s new finance minister Kwasi Kwarteng said Friday when…

House Republicans unveiled their platform for the 2022 midterms and their priorities should they take back a majority in Congress. They’re calling it the “Commitment to America.”  Rep. Kevin McCarthy, R-Calif., previewed the plan during a speech in Pittsburgh. The House Minority Leader painted it as solutions to what he called problems that Democrats created,…

The Dow Jones Industrial Average tumbled into bear market territory mid-trading day Friday, at one point down roughly 600 points. At its lowest point, the stock index fell 20% from its recent high before closing down more than 19%, avoiding a bear market close. Stocks have taken a beating this week amid rising interest rates,…

Nearly every single Alaskan received $3,284 on Tuesday as part of a combined payout as the state began distributing oil-wealth checks from its permanent investment fund. The amount was announced during a livestream broadcast on Republican Gov. Mike Dunleavy’s Facebook page. Officially called the Permanent Fund Dividend, or PFD, the payments amounted to $2,622 — the…