Are we on the downslope of inflation? The April economic numbers hinted that inflation had finally peaked when it showed consumer prices rose 8.3%, down from March’s record-setting figures. However, Straight Arrow News contributor Larry Lindsey thinks it was just an economic mirage and explains why other numbers suggest that we’re not done with record…

According to new numbers from the Commerce Department, annual inflation slowed for the first time since November 2020 and continued to be outpaced by consumer spending. Friday’s numbers appear to be the strongest sign yet that inflation may have peaked. “The [personal consumption expenditures (PCE)] price index for April increased 6.3% from one year ago,…

Apple retail workers are getting a big pay boost as the company announced plans to raise wages by 10% or more this year, bringing the starting pay for retail workers to at least $22 an hour. The tech company is reckoning with the worst inflation in decades, a historically tight labor market and fighting union…

The same day the Commerce Department adjusted the Gross Domestic Product (GDP) numbers for the first quarter of 2022, the Labor Department reported a drop in initial unemployment claims last week. 210,000 people filed initial unemployment claims last week, down from 218,000 the previous week. “The 4-week moving average was 206,750, an increase of 7,250 from…

Snap Inc. shares sank 40% Tuesday morning after warning it would miss its own revenue and earnings targets, dragging the entire social media industry with it. The correction came just one month after the social media company had set those targets. “Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further…

According to a new poll from The Associated Press-NORC Center for Public Affairs Research, a majority of Americans now find the economy to be more important than Russian sanctions. When asked to pick between “sanctioning Russia as effectively as possible, even if it damages the U.S. economy” and “limiting damage to the U.S. economy, even…

Wall Street began gaining ground following seven straight weeks of losses. The S&P 500 rose 1.9%, the Dow Jones Industrial Average rose 2% and the Nasdaq rose 1.6% Monday. “The market is taking a little bit of a breather for several weeks of high levels of volatility and selling pressure,” Schwab Asset Manager, CEO and…

The debate over the $1.7 trillion in college debt is back in the spotlight as President Biden is reportedly considering canceling at least $10,000 of debt per borrower. The president has already extended the freeze on federal student loan payments and collections until August, as the White House figures out what to do about an…

Here’s the good news: summer’s right around the corner and COVID-19 restrictions are practically a thing of the past. The bad news: now it’s inflation putting a damper on those travel plans. Never fear: we’ve got ways to beat it with the best and cheapest summer adventures in this week’s Five For Friday. #5: Vietnam…

Americans are already struggling with inflation sending the price of gas and many other goods and services through the roof and making a recession a very distinct possibility. Now, we have a nationwide shortage of baby formula that has sent parents scrambling to try to keep their young kids fed. According to Straight Arrow News…