Does July’s CPI Report Mean That Inflation Has Peaked?
The markets were eagerly awaiting the July inflation report for more clues regarding its direction. It was released on Aug. 10. We'll explain the July CPI report.
News
For the latest news in finance including current events and political developments affecting the economy, you've arrived at the right place.
Crypto Trading Platform RenBridge Used to Launder Millions, Has Ties to Nomad Hack
Hackers are realizing they can launder their ill-gotten gains through RenBridge and have been doing just that. Here's how they pulled it off.
Details on Fox News Founding Anchor Uma Pemmaraju’s Untimely Death
Longtime Fox News anchor Uma Pemmaraju passed away on August 8, 2022, at the age of 64. Her cause of death hasn't been disclosed. Here's what we know.
Nikola CEO Mark Russell Is Retiring, NKLA Stock Is Volatile
Nikola CEO Mark Russell is stepping down to retire, he says. Here’s what to know about the upcoming changes. Russell took over from Trevor Milton.
Donald Trump Faces Deposition, Calls It a "Witch Hunt" Lead by Letitia James
Former President Donald Trump is facing deposition spearheaded by New York City Attorney General Letitia James. Here's what the deposition means.
Biden Signs CHIPS and Sciences Act to Address Semiconductor Shortage
The semiconductor shortage has been plauging the car industry for months, now Biden has signed a new bill to address the shortage. Here's what we know.
Bernie Sanders Challenges Democrats and Republicans to Get the Child Tax Credit Expanded
Bernie Sanders is trying to get the child tax credit expanded and both Democrats and Republicans struck the measure down. Will the expansion ever happen?
When Will the Pfizer Lyme Disease Vaccine Be Here and Will It Work?
The world has a promising Lyme disease vaccine candidate courtesy of Pfizer Inc. (PFE) and its partner in the process, Valneva SE (VALN).
Famous Car Featured in 1978 Film 'Grease' Up for Auction — Details
A famous vehicle featured in the film 'Grease,' starring Olivia Newton-John and John Travolta, is being auctioned in August 2022. Here's how much it could cost.
Groupon Lays Off Employees as Losses Keep Widening
Groupon laid off about 15 percent of its workforce is the latest round of job cuts as it attempts another reorganization. What do Groupon layoffs mean for the company?
Trump Might Have Mishandled Classified Documents, FBI Takes Notice
Several FBI agents showed up at former President Donald Trump’s Mar-a-Lago home in Palm Beach, Fla. on August 8, 2022, possibly in search of some classified White House documents.
Who Appointed the Current FBI Director? Well, Former President Trump
The FBI recently searched Trump's Mar-a-Lago estate in Florida for documents that could be classified. The current FBI director was appointed by former President Trump.
Ashley Strohmier's Husband Is an Athlete and Police Officer
Fox News anchor Ashley Strohmier and professional athlete Mike Counihan tied the knot in April 2022. What does Strohmier's husband do for a living?
Biden Expected to Postpone Student Loan Payments Again and Forgive Many
President Joe Biden is expected to postpone student loan payments yet again and announce loan forgiveness for up to $10,000 ahead of August deadline.
Did Donald Trump Flush Documents? Toilet Note Pictures Flood Social Media
An upcoming book about former President Donald Trump claims that he often tore up documents and flushed them down the toilet. Did Trump flush documents?
Why Are Airlines Canceling Flights and When Will Travel Improve?
Airlines across the country experienced their worst weekends of the summer. Why are airlines canceling flights and when will things get better?
Axios Will Sell Itself to Lead Investor Cox Enterprises for $525M
Online media company Axios announced on August 8, 2022, that it has sold itself to its lead investor Cox Enterprises for $525 million. Here's what will change.
Republicans Vote to Strike Down Insulin Price Cap for Non-Medicare Patients
Social media isn't happy with Republicans, particularly the ones who voted against capping insulin for non-Medicare patients. Here's why the Republicans voted the way they did.
States Across the Country Are Facing Teacher Shortages
Teacher shortages have persisted for over a year across multiple states, as many of these professionals struggle to get paid suitable wages.
If You Don't Like Roger Waters' Politics, Don't Go to His Show
If you love Pink Floyd's music but don’t like Roger Waters’ politics, you “might do well to f**** off to the bar,” Waters says in his new This Is Not a Drill Tour.
Elon Musk Wants to Debate Parag Agrawal Over Twitter Bot Count
Elon Musk challenged Twitter CEO Parag Agrawal to a public debate to discuss Twitter's spam and bot account numbers. Will a debate actually happen?
Moore v. Harper, Explained: Are Voting Rights in Jeopardy?
Moore v. Harper is a case the U.S. Supreme Court will hear this fall. It could allow North Carolina legislators to draw unfair congressional district maps with partisan gerrymandering.
Jen Psaki: See Where the Former Press Secretary Is Now
What happened to Jen Psaki after she left her job as the White House press secretary? There were claims that she has a net worth of $27 million.
States Are Pushing Anti-ESG Bills — There's Plenty at Stake
States across the U.S. are proposing anti-ESG legislation that could stall sustainable investing. There's plenty at stake. We've got all the details.
Is Infowars Really Bankrupt? Alex Jones Files for Chapter 11 Again
Are Alex Jones companies like Inforwars really bankrupt? Jones has made numerous attempts to file for bankruptcy and it seems he did so to avoid paying damages.
States Expand Access to Monkeypox Vaccines — Who’s Eligible Amid Short Supply?
Most states are only providing the monkeypox vaccine to certain populations since it's in short supply. Find out who is eligible for the monkeypox vaccine.
Will the Inflation Reduction Act Increase Taxes? Targets Corporate Taxes
The proposed climate bill that Senator Joe Manchin has pivoted to support (the Inflation Reduction Act of 2022) could soften inflation’s blow — but what about taxes?
A Lawsuit Against Pornhub and Parent Company MindGeek, Also Includes Visa — Here's Why
A lawsuit has opened up against Pornhub and its parent company MindGeek. Some might be surprised to see that Visa is being sued too. Here's Visa's involvement explained
When Is Missouri Senator Josh Hawley Up for Re-Election?
Republican Josh Hawley was elected to the Senate in 2018, and he's one of the youngest senators on Capitol Hill. When is Hawley up for re-election?
Latest Job Numbers May Be an Important Piece to Determining a Recession
The job report for July comes out on Aug. 5, and many are anticipating the numbers because they could signal an official recession.
What Happens When a Member of Congress Dies Before an Election?
What happens when a member of Congress dies before an election? Usually, a special election is required. We'll take a look at the laws.
Conspiracy Theorist Alex Jones Is on Trial for Defamation
Alex Jones, a well-known conspiracy theorist, has been sued by parents of the Sandy Hook shooting victims for defamation. Here's what we know about the trial.
Candy Funhouse Job Opening — Taste Candy From the Comfort of Your Home
Candy Funhouse is looking to hire a Chief Candy Officer and is paying up to $78,000 for the role. Let's look at the requirements and how to apply.
Biden's Executive Orders on Abortion Aim to Protect Women's Healthcare Rights
Biden’s latest executive order on abortion aims to protect access to reproductive healthcare services. Will it make it easier for women to access an abortion?
Wikipedia Clamps Down on Changes to "Recession" Definition
Wikipedia, which allows almost anyone to edit it, has had so many edits to the “recession” page that it has clamped down on the number of changes that can be made.
Biden’s Daughter’s Diary Allegedly “Passed Around” at Trump Fundraiser
Get all the details on who allegedly brought Ashley Biden’s diary to a Trump fundraiser for attendees to view. What happened to the diary?
Most Valuable NFL Teams in 2022 Revealed as Valuations Shift
The most valuable NFL teams have been revealed. Which team tops the list in 2022? See a complete breakdown as the valuations shift.
Where Does Billionaire Philanthropist George Soros Live in 2022?
Hungarian-born billionaire George Soros is under fire from conservatives after a July 31 op-ed piece he wrote for The Wall Street Journal. Where does Soros live?
Taiwan Is a Semiconductor Powerhouse and China Knows It
Taiwan is a powerhouse in the semiconductor industry, and it has the biggest chip firm in the world. Could that be why it's so important to China
China Doesn’t Own the Panama Canal, but Does Have a Lot of Control
China’s increasing control over the Panama Canal doesn’t make it an owner, but it’s still concerning for developed nations like the U.S.
Naomi Judd Leaves Fortune to Husband, Excludes Daughters From Her Will
Naomi Judd’s will didn't include her daughters. Instead, the will named her husband, Larry Strickland, as the executor of her estate and gave him full authority over her assets.
Why Is U.S. 10-Year Treasury Yield Going Down? Here’s the Scoop
The yields on U.S. 10-year Treasury have fallen to around 2.5 percent, which is almost 100 basis points lower than the 2022 peak. Why are the yields going down?
Should You Invest in an Inflation ETF? Pros and Cons
Inflation ETFs seek to capitalize on or quell inflation. Are they worth investing in amid a bear market? Let's look at the pros and cons.
Everything You Need to Know About Andrew Yang's "Forward Party"
Andrew Yang thinks his Forward Party is the solution to our political divide. Here we explain what the Forward Party stands for and what candidates are aligning with the third party option.
Deshaun Watson Got Paid $10.54 Million in 2021 Despite Allegations
Cleveland Browns quarterback Deshaun Watson has faced heavy scrutiny for his sexual misconduct allegations. Did the NFL player get paid in 2021?
Despite Concerns, House Speaker Nancy Pelosi Will Likely Visit Taiwan
U.S. House Speaker Nancy Pelosi has officially started her tour of Asia and is expected to visit Malaysia and Taiwan despite the rise in concern.
What Happens If No One Claims the Mega Millions Jackpot?
There is still no word on who won the almost $1.34 billion Mega Millions jackpot. What happens if no one claims the Mega Millions?
Random House and Simon & Schuster Merger in Question As Trial Begins
The Department of Justice wants to block a publishing merger that would further consolidate the industry. Will Random House and Simon & Schuster merge?
How Long Will Inflation Last? Should Come Down in 2023
Amid soaring prices, many are wondering how long inflation will last. Will inflation eventually come down in 2023? Is inflation near its peak?
Is The U.S. Officially In A Recession? Economists Say No
Rising inflation, high prices at the grocery store, and increasing interest rates are factors hurting almost every American. Is the U.S. officially in a recession?