Recessions Are Normal, but Are They Good for the Economy?
Recessions are normal in any economy, including the U.S. Are recessions always bad for the economy or can they be good at times? Let's discuss.
News
For the latest news in finance including current events and political developments affecting the economy, you've arrived at the right place.
How the Fed’s Interest Rate Increase Should Help the Economy
The Fed raised interest rates by 75 basis points at its June 2022 meeting. Why does the Fed raise interest rates?
How a Recession Could Really Affect the Stock Market
Each recession is different, but here’s how an upcoming recession could impact the stock market. Let's take a look at past scenarios and the current landscape.
An Olive Oil Shortage Might Be on the Horizon in 2022 — Here's Why
Ongoing supply chain issues combined with a killer bacteria could lead to an olive oil shortage. Find out more about the potential shortage here.
Audi Is Suing NIO for Alleged Trademark Infringement
German automaker Audi is suing NIO on alleged trademark infringement. Here’s what the lawsuit says and what’s next for the two automakers.
Has Inflation Peaked Already or Will It Get Worse in 2022?
Recently, inflation has been at very elevated levels and near a four-decade high. Has inflation peaked or will it get worse in 2022?
Dr. Oz Isn’t Dead — He’s Caught in the Middle of an Inheritance Battle
TV personality and retired physician Dr. Oz isn’t dead—he's caught in the middle of an inheritance battle involving his sister.
Democrats Target Greg Abbott After Odessa Water Shortage Crisis
Residents in Odessa, Texas, have been facing a water crisis. What’s causing the Odessa water crisis? Democrats are targeting Governor Greg Abbott.
Interest Rates Would Go a Lot Higher as Fed Covers Its Historic Mistake
Fed Chair Jerome Powell has announced a 75 basis point rate hike, the biggest since 1994. How high will interest rates go in 2022?
Microsoft Ends Internet Explorer, Pushes Its Edge Browser
Internet Explorer, the original web browser launched by Microsoft in 1995, ends its gradual phase-out today. The company is pushing Microsoft Edge as its browser.
Don't Let the Heineken Beer Contest Scam Spoil Your Father's Day
The Heineken Beer Father’s Day Contest scam recently surfaced on WhatsApp. Here's what you need to know about it. Don't let the scam ruin Father's Day.
What Happened With Fisher Investments? Past Allegations, Explained
Ken Fisher of Fisher Investments has a history of controversy. Here's the rundown, including where the billionaire investor and Fisher Investments stand today.
Carley Shimkus Pursued TV Journalism After a Brief Stint as a Model
Charley Shimkus’s salary as ‘Fox & Friends First’ co-host has to be more than what she earned as a Halloween costume model. What does she earn?
Charles Schwab Agrees to $187M Settlement — Who Gets the Money?
Charles Schwab has agreed to pay $187 million in a settlement surrounding its robo-advisor product. Who gets the payout? Here's what we know.
Add Dog Food to the Ongoing Shortage List — All the Details
Humans aren't the only ones experiencing a food shortage. Dog food companies have dealt with shortages as well. Why is there a shortage?
Fox News Laid Off “Real” Journalists — Chris Stirewalt Was One of Them
After Chris Stirewalt called the Arizona election results early on that favored Biden as the new president-elect, he was laid off from Fox News. Get more details here.
What Happened to Illinois Rep. Sean Casten's Daughter?
Illinois Congressman Sean Casten and his family are mourning the death of his 17-year-old daughter, Gwen, who died Monday at the family’s home in Downers Grove.
Bipartisan Gun Bill Seeks to Curb the "Boyfriend Loophole"
The bipartisan gun bill seeks to curb the “boyfriend loophole.” What is the “boyfriend loophole” and how does the bill seek to address it?
Sarah Palin Leads in Alaska Primary, Hasn't Won Yet
Sarah Palin, the former governor of Alaska, holds a strong lead in the special primary election to fill a U.S. House seat. She hasn't won the primary yet.
Rudy Giuliani Reportedly Close to Broke, Not Getting Legal Defense Money From Trump
Is Rudy Giuliani Broke? Donald Trump’s former lawyer was reportedly in financial trouble after Trump didn’t put money toward Giuliani’s legal defense.
Senate's Proposed Bipartisan Gun Reform Legislation — Red Flag Laws Explained
After the recent mass shootings, politicians have felt the pressure to reform gun laws. Senate has announced red flag laws as part of the bipartisan effort.
Government Offices and Some Businesses Will Be Closed June 20 for Juneteenth
Since June 19 falls on a weekend this year, Juneteenth will be recognized on Monday, June 20. What businesses are closed for Juneteenth?
Revlon Could File for Bankruptcy Soon, Brand Continues to Struggle
People familiar with Revlon's current financial situation are saying the cosmetic brand may be considering filing for Chapter 11 bankruptcy. Get the details here.
U.S. Inflation Shows No Signs of Slowing, No Quick Fix
The U.S. inflation hit another high of 8.6 percent for May. Why does inflation keep going up? Many people want to know if it will reverse soon.
Fans Want to Know More About David Muir's Facial Transformation
ABC News anchor David Muir doesn't look quite the same as he did some years ago. Did he have cosmetic surgery? Here's what happened to Muir's face.
Recent Tesla Crashes Intensify the Ongoing U.S. Probe
As more Tesla crashes come to light, U.S. investigators are ramping up their probe into the EV company’s autopilot safety.
Greenlight Capital’s David Einhorn Comments on the Fed and Inflation
Big-time investor David Einhorn has big words for the Federal Reserve, namely that it can’t do much about inflation. Let's see exactly what he said.
Economic Crash Looks Likely — How to Prepare for a Recession
There's a lot of chatter about the economy crashing due to pressure from inflation, rate hikes, and war. When will the economy crash? Here's how to prepare.
Unfortunately, Airbnb Home Invasions Happen—Here's How To Be Prepared
Airbnb home invasions happen sometimes. It's important that guests and hosts alike are prepared for such a situation.
Rep. Lauren Boebert Is Being Investigated for Fraud — All the Details
Rep. Lauren Boebert is being investigated for fraud in regards to ill-gotten campaign funds that she allegedly used to bail out her struggling restaurant.
Ryan Kelley Arrested Over Jan. 6 Riot — Will He Drop Out of the Governor Race?
Michigan GOP gubernatorial candidate Ryan Kelley was arrested on June 9 due to his role in the Jan. 6 Capitol riot. Find out if he'll have to drop out of the race.
Republicans and Democrats Voted Against the Protect Our Kids Act — Find Out Who
The Protecting Our Kids Act passed the House and now it will face the Senate. Who voted against the act in the House of Representatives?
GEICO Forced to Pay Woman $5.2 Million for Contracting STD in a Vehicle
A woman was recently awarded $5.2 million by GEICO in a court ruling that claims the insurance company must for pay for her STD infection.
Breaking Down Madison Cawthorn's "Personal Investments"
Former congressman Madison Cawthorn earned money as a member of Congress and from “personal investments.” He's also said to be heavily involved in cryptocurrency.
Is Deloitte Splitting Up Following Ernst & Young’s Similar Move?
According to recent reports, Deloitte might split its audit and consulting services. Is Deloitte really splitting up? Here's what we know.
Shrinkflation: What It Means and Why It’s Happening
Inflation is all over the news, but what about shrinkflation? Here’s what the term means and why it’s creeping all around you. It's gaining momentum worldwide.
Walmart Pulls Chaokoh Coconut Milk After Allegations of Forced Monkey Labor
Walmart is the latest retailer to pull the Chaokoh coconut milk brand off its shelves. There have been allegations that the milk brand uses monkey labor.
Biotech Company Novavax Has a Promising COVID-19 Vaccine
Novavax has a new COVID-19 vaccine available and it has already shown some promise. Where is Novavax made and when will it be available to the public?
Omicron Booster Will Likely Be Available Late Summer 2022
Moderna announced strong results for its vaccine against the omicron variant of the COVID-19 virus on June 8. When will omicron booster be available?
Joe Maddon Released From Angels Due to Team's Ongoing Losing Streak
The Los Angeles Angels have officially released their manager, Joe Maddon, from his position after experiencing a 12-game losing streak.
How Much Does a Trump Endorsement Mean? Here's His Record So Far in 2022
Trump endorsements are highly sought by conservative candidates, but what does the record reflect? Does a Trump endorsement help, harm, or have no effect on a race?
Bipartisan Tech Competition Legislation: S2992 Bill, Explained
Senate bill S2992, or the American Innovation and Choice Online Act, aims to improve online competitiveness and weaken monopolies of large tech platforms.
What Does the EU Common Charger Law Mean for Apple?
What does the European Union's common charger law mean for Apple? The company has some changes to implement. Here's the law explained.
Major Lawsuit Against Paramount’s 'Top Gun,' Explained
Paramount’s 'Top Gun: Maverick' is breaking box office records. Meanwhile, heirs of the original storyteller are suing. Here's what we know about the lawsuit.
Jane Collective’s Heather Booth “Horrified but Not Surprised” by Attacks on Abortion
Where is Heather Booth now? Read about the Jane Collective founder, whose underground abortion network is profiled in the HBO documentary ‘The Janes.’
'Conflicted Congress': Nancy Pelosi’s Husband Adds More Big Tech Companies
Nancy Pelosi's portfolio gets a lot of attention given some of the profitable trades. Here's the latest update on Pelosi's portfolio.
How the Jane Collective Avoided Prison Time for Providing Abortions Before Roe
For the Jane Collective, prison time could have been severe. Seven members of the underground abortion-rights group faced 110 years in prison each.
Biden Takes Executive Action To Unfreeze Solar Industry
Joe Biden is taking executive action to mobilize the solar industry, which has been paralyzed by retroactive tariffs and an import investigation.
When Will the January 6 Hearing Be Televised? All the Details
This week, Americans will have a chance to see exclusive footage related to the January 6 investigations. They will also focus on Donald Trump's involvement.
How to Spot the Riskiest and Safest Investments During a Recession
There has been a lot of chatter about an upcoming recession. What are the riskiest and safest investments during a recession? Here are all the details.