Economy

109 articles in the Economy category.

The Albemarle Corporation Lithium Operation at Silver Peak Nevada.
US NewsEconomyMay 2, 2026

Massive Appalachian Lithium Discovery Could Supply U.S. for Centuries, Advancing Trump’s Domestic Mineral Independence Push

By Tommy Flynn

WASHINGTON — The U.S. Geological Survey announced this week that the Appalachian region holds an estimated 2.3 million metric tons of undiscovered, economically recoverable lithium oxide — enough to replace 328 years of current U.S. lithium imports and power 130 million electric...

An aerial overview shot of the BMW Group Plant in Dingolfing.
US NewsEconomyMay 1, 2026

Trump Raises Tariffs on EU Cars and Trucks to 25% Citing Non-Compliance with Trade Deal

By Tommy Flynn

WASHINGTON — President Donald Trump announced Friday that the United States will increase tariffs on cars and trucks imported from the European Union to 25%, effective next week. In a Truth Social post, Trump stated: “Based on the fact the European Union is not complying with...

President Donald Trump speaks to Fed Chair Jerome Powell during a tour of the Federal Reserve in Washington, D.C., Thursday, July 24, 2025.
US NewsEconomyApril 29, 2026

Fed Signals It Will Hold Interest Rates Steady in Jerome Powell’s Final Meeting as Chair

By Tommy Flynn

WASHINGTON — The Federal Reserve is widely expected to keep its benchmark interest rate unchanged when it concludes its two-day meeting on April 29, 2026 — Jerome Powell’s final FOMC meeting as Chair. In a statement following the meeting, the Federal Open Market Committee (FOMC)...

UAE Announces Exit from OPEC and OPEC+ Effective May 1
World NewsEconomyApril 28, 2026

UAE Announces Exit from OPEC and OPEC+ Effective May 1

By Tommy Flynn

ABU DHABI — The United Arab Emirates announced on April 28, 2026, that it will withdraw from the Organization of the Petroleum Exporting Countries and the broader OPEC+ alliance, effective May 1. The decision, reported by state news agency WAM, follows a comprehensive review of...

DOJ Launches Antitrust Probe into Meatpacking Companies Over Alleged Price Fixing and Collusion
US NewsEconomyApril 20, 2026

DOJ Launches Antitrust Probe into Meatpacking Companies Over Alleged Price Fixing and Collusion

By Tommy Flynn

ASHINGTON — The Department of Justice Antitrust Division has opened a criminal investigation into major meatpacking companies accused of illicit collusion, price fixing, and market manipulation that has driven up beef prices for consumers while suppressing prices paid to...

Image by Grok.
World NewsEconomyApril 20, 2026

Record 20+ Vessels Transit Strait of Hormuz on Saturday, Highest Daily Total Since Conflict Began

By Tommy Flynn

WASHINGTON — More than 20 commercial vessels passed through the Strait of Hormuz on Saturday, April 18, 2026, marking the highest single-day transit volume since the U.S.-Iran conflict escalated in late February, according to shipping analytics firm Kpler. The surge occurred...

GAO-26-109093 COMBATING FRAUD
US NewsEconomyApril 20, 2026

GAO Report: Federal Fraud Costs Taxpayers $233 Billion to $521 Billion Annually

By Tommy Flynn

WASHINGTON — A new Government Accountability Office report released April 15, 2026, estimates that fraud in federal programs and operations costs taxpayers between $233 billion and $521 billion every year, with the upper end exceeding half a trillion dollars. The report, titled...

Trump Announces Strait of Hormuz Fully Open as Iran Confirms Commercial Passage, Stock Market Climbs, Oil Prices Plunge Over 10%
World NewsEconomyApril 17, 2026

Trump Announces Strait of Hormuz Fully Open as Iran Confirms Commercial Passage, Stock Market Climbs, Oil Prices Plunge Over 10%

By Tommy Flynn

WASHINGTON — President Donald Trump announced Friday that the Strait of Hormuz is now “fully open and ready for full passage” after Iran’s Foreign Minister Abbas Araghchi declared commercial vessels can transit the critical chokepoint during the ongoing 10-day Israel-Lebanon...

Aerial view of the Pentagon
US NewsEconomyApril 16, 2026

Pentagon Holds Talks with GM, Ford and Other Automakers to Ramp Up Weapons Production

By Tommy Flynn

WASHINGTON — Senior Pentagon officials have begun preliminary discussions with top executives from major U.S. automakers, including General Motors CEO Mary Barra and Ford Motor CEO Jim Farley, about shifting factory capacity and personnel to produce weapons, munitions, and other...

Iran Conflict and Hormuz Closure Deliver Textbook "America First" Energy Triumph
Opinion
EconomyApr 15, 2026

Iran Conflict and Hormuz Closure Deliver Textbook "America First" Energy Triumph

By Herald Truman

Don't fall for the propaganda. The Military action against Iran is exactly America First.

President Donald Trump speaks at a press conference in the James S. Brady Press Briefing Room at the White House
US NewsEconomyApril 10, 2026

Tariff Lawsuit Against Trump Heads to U.S. Court of International Trade as Oral Arguments Begin

By Tommy Flynn

WASHINGTON – Oral arguments began today in a major legal challenge to President Donald Trump’s latest round of global tariffs before the U.S. Court of International Trade. A coalition of mostly Democrat-led states and small businesses sued the administration over the 10%...

Image created with Grok.
EconomyWorld NewsApril 8, 2026

Markets Rally on Trump’s Iran Ceasefire Announcement as Oil Prices Drop Sharply

By Tommy Flynn

WASHINGTON – U.S. stock markets rose and oil prices fell sharply Tuesday after President Donald Trump announced a Pakistan-brokered two-week ceasefire with Iran, easing immediate fears of prolonged disruption in the Strait of Hormuz. The announcement, made late Tuesday...