Economy

89 articles in the Economy category.

California’s unfinished Wallis Annenberg Wildlife Crossing. Arial view.
US NewsEconomyMarch 20, 2026

California’s $114 Million “Butterfly Bridge” Joins Long List of Costly Overruns

By Tommy Flynn

California’s Wallis Annenberg Wildlife Crossing — a massive overpass above ten lanes of the 101 Freeway in Agoura Hills designed for mountain lions, monarch butterflies and other wildlife — has ballooned to $114 million and remains unfinished years after groundbreaking. Governor...

Malta flagged Tanker "Kanala" seen entering the port of Los Angeles
US NewsEconomyMarch 18, 2026

Trump Administration Waives Jones Act for 60 Days to Speed Domestic Fuel Shipments Amid Iran Conflict

By Tommy Flynn

The Trump administration issued a 60-day waiver of the Jones Act on March 17, 2026, allowing foreign-flagged vessels to transport fuel between U.S. ports in order to ease domestic supply bottlenecks caused by disruptions in the Strait of Hormuz. The Merchant Marine Act of 1920,...

Image created with Grok.
US NewsEconomyMarch 15, 2026

Trump Invokes Defense Production Act to Restart California Offshore Oil

By Tommy Flynn

President Donald Trump invoked the Defense Production Act (DPA) on March 13, 2026, directing Sable Offshore Corp. to resume operations at the Santa Ynez Unit and associated pipeline system off Southern California's coast, citing national security needs amid surging oil prices...

President Trump meeting with the President of South Korea on Aug 25, 2025
World NewsEconomyMarch 12, 2026

South Korea Enacts Law for $350 Billion US Investment Commitment

By Tommy Flynn

South Korea's National Assembly passed a special bill on March 12, 2026, to implement a $350 billion investment pledge in the United States, establishing a state-run corporation to oversee project selection and management with input from both countries' trade authorities. The...

AI Generated image depicting a truck assembly line.
US NewsEconomyMarch 12, 2026

UAW Attributes Hiring Surge at Detroit Diesel to Targeted Tariffs

By RWTNews Staff

The United Auto Workers (UAW) announced that targeted tariffs on imported heavy trucks have spurred a hiring surge and production expansion at the Detroit Diesel manufacturing complex in Michigan. In a March 11, 2026, Facebook post, the union stated Detroit Diesel will add a...

A portion of the Strategic Petroleum, Reserve infrastructure in West Hackberry La. --
US NewsEconomyMarch 11, 2026

Trump Announces Release from Strategic Petroleum Reserve Amid Iran Conflict

By RWTNews Staff

President Donald Trump announced on March 11, 2026, that the United States will tap into the Strategic Petroleum Reserve (SPR) to address surging oil prices stemming from the ongoing U.S.-Israeli military operation against Iran, dubbed Operation Epic Fury, which commenced on...

The International Energy Agency (IEA) does not store oil itself. It coordinates emergency oil stocks held by its member countries, which must maintain reserves equivalent to at least 90 days of net imports.
World NewsEconomyMarch 11, 2026

IEA Announces Historic Release of 400 Million Barrels from Strategic Oil Reserves

By Tommy Flynn

The International Energy Agency (IEA) on March 11, 2026, announced that its member countries would release 400 million barrels of crude oil from strategic reserves, marking the largest such action in the organization's history. The move aims to stabilize global energy markets...

Steve Forbes speaking with attendees at the 2024 FreedomFest at Caesars Forum Conference Center in Las Vegas, Nevada.
US NewsEconomyMarch 11, 2026

Forbes Backs Trump's Iran Strategy, Dismisses Market Volatility Concerns

By Tommy Flynn

Forbes Media Chairman Steve Forbes voiced strong support for President Donald Trump's decisive actions against Iran during an appearance on Newsmax TV's "Sunday Report" on March 10, 2026. Forbes described Iran as "terrorism central," noting the regime has targeted the U.S. for...

President Trump with fist clenched.
US NewsEconomyMarch 9, 2026

Oil Prices Drop, Stocks Climb In Response to Trump's remarks in CBS Interview

By Tommy Flynn

WASHINGTON – Oil prices fell and stock markets rose Monday after President Trump, in a CBS telephone interview, described the military action against Iran as "very complete, pretty much" and said it could end soon, easing fears of prolonged supply disruptions. Trump told CBS:...

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Opinion
EconomyMar 8, 2026

My prediction: Oil & Gas Prices: Short-Term Spike, Then a Quick Drop – Trump’s Track Record Says So

By Tommy Flynn

Experts and talking heads always predict doom and gloom, and then President Trump delivers results that fly in the face of those predictions.

President Trump smiling with two thumbs up
US NewsEconomyMarch 8, 2026

IRS Releases Rules for Trump Accounts Baby Investment Program

By RWTNews Staff

WASHINGTON – The Internal Revenue Service issued comprehensive rules and regulations Friday for the Trump Accounts program, a key provision of the One Big Beautiful Bill Act signed into law in December 2025, providing a $1,000 federal seed deposit into investment accounts for...

Iran Escalates Attacks on Gulf Tankers: Oil Prices Surge as Shipping Halts
World NewsEconomyMarch 5, 2026

Iran Escalates Attacks on Gulf Tankers: Oil Prices Surge as Shipping Halts

By Tommy Flynn

DUBAI – Iranian forces targeted additional oil tankers in the Gulf region Wednesday, damaging at least three vessels and killing one seafarer, escalating disruptions to global energy supplies amid the ongoing U.S. military action against Tehran. A Bahamas-flagged crude tanker...