Pentagon press secretary John Kirby holds briefing Pentagon press secretary John Kirby holds briefing Rising costs of production due to inflation will have knock-on effects for the buying power of the military as it looks to fulfill outstanding contracts for planes, ships and other vehicles.  "There is an impact on military hardware up and down the chain at all levels," […]

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Fox Business Flash top headlines for May 13 Check out what’s clicking on FoxBusiness.com. Russia said it would cut off electricity to Finland starting Saturday as it claims the country has not paid, a state-owned power company said. RAO Nordic, a subsidiary of Inter ROA, said it will stop exporting electricity to Finland without providing specifics amid larger tensions across […]

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Americans have fought in many short wars. World Wars I and II were conflicts in which the United States participated for less than five years each. The Civil War was similarly short. Yet, over the course of history, some wars have been much shorter than these. To determine the shortest war in history, 24/7 Wall St. reviewed a list of […]

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Shanghai has been in a total lockdown for weeks. There is mass testing in Beijing, travel restrictions and a full closure of the capital may not be far away. Other mega-cities will soon follow as the omicron variant rips through the country. China is increasingly looking like an economic and political disaster zone. It is committed to a crazy zero-COVID […]

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Dr. Oz: Inflation’s ‘number one driver’ is energy prices Pennsylvania Republican Senate candidate Dr. Mehmet Oz torches Biden’s policies amid inflation surge.  Pennsylvania Republican Senate candidate Dr. Mehmet Oz joined "Varney & Co.," Thursday, arguing that energy prices are the "number one driver" of inflation as he slammed Biden’s economic policies.  INFLATION GAVE MOST AMERICANS A 2.6% WAGE CUT IN […]

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Americans facing record inflation rates, gas prices ‘Kennedy’ party panel reacts to President Biden’s ‘economic blunders’ as inflation hit 8.3% in April. The tightest labor market in decades is fueling rapid wage growth for millions of Americans, but sky-high inflation is quickly eroding those gains.  The Labor Department reported on Wednesday that average hourly earnings for all employees actually declined […]

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Stuart Varney: Biden’s ‘desperate’ inflation speech was a set-up for November FOX Business host Stuart Varney argues Biden delivered a campaign speech instead of remarks on policy. The just-released numbers on consumer price increases in April showed some modest improvement– down from 8.5 to 8.3 percent. But this high inflation rate is still running far ahead of worker wages — […]

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Biden blames wealthiest Americans for inflation, price gouging Former D.C. Democratic Party Chairman Scott Bolden and Gianno Caldwell, Fox News political analyst, weigh in after Biden’s speech on America’s inflation problem. President Biden on Tuesday called combating the hottest inflation in 40 years his top domestic priority as he sought to reassure Americans over sky-high consumer prices, which have become […]

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Since the COVID-19 recession that started in spring 2020 began to recede, two things helped drive the recovery. Both had to do with the financial comfort middle-class and upper-class Americans gained quickly. One of these was the wealth they gained as the stock market sprinted to new highs. Another was the housing boom. Most middle-class and upper-class Americans did not […]

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US economy on ‘shaky footing’: Mitch Roschelle Macro Trends Advisors LLC founding partner Mitch Roschelle argues wages aren’t keeping up with inflation, which means people may have to get paid more in an attempt to incentivize them to get back into the workforce.  Macro Trends Advisors LLC founding partner Mitch Roschelle warned on Sunday that the U.S. economy is on […]

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