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Economy

Oil Prices Surge as American Demand Strengthens

U.S. oil and fuel inventories dropped sharply last week, signaling powerful American demand that is pushing prices higher.

Wall Street Soars as Middle East Tensions Cool, S&P 500 Nears Record

Markets rallied sharply on June 24 as geopolitical risks eased following a tentative ceasefire between Israel and Iran.

Trump Pushes ‘Big, Beautiful Bill’ After Brokered Middle East Peace

President Trump is leveraging a newly brokered peace in the Middle East to urge Congress into action on his sweeping budget reconciliation plan.

Tesla Stock Soars After Robotaxi Launch in Austin

Tesla shares surged nearly 10% on Monday following the company's official launch of its robotaxi service in Austin, Texas.

Federal Reserve Holds Steady, Declines to Cut Interest Rates Amid Mixed Signals

The Federal Reserve announced on June 18, 2025, that it will maintain its benchmark interest rate at 4.25–4.5% for the fourth consecutive meeting.

CPI Creeps 0.1% in May as Egg Prices Finally Retreat

May CPI rose just 0.1%, core inflation steady, while egg prices dropped 11%—a respite amid essential cost pressures for conservative families.

Court Allows Trump Tariffs to Continue

A federal appeals court ruled that President Donald Trump's tariffs could remain in effect as lawsuits on the matter continue.

Trump’s Steel, Aluminum Tariffs Take Effect

President Donald Trump's 50% tariffs on steel and aluminum went into effect.

White House Releases ‘Mythbuster’ Memo on ‘Big, Beautiful Bill’

The White House released a memo exposing a "hoax" made against President Trump's "big, beautiful bill."

White House Touts Income Surge Amid Slowing Consumer Spending

The White House is celebrating a significant rise in Americans' personal income, highlighting a 0.8% increase in April—nearly triple the forecasted 0.3%.

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