In September 2023, Senator Dick Durbin (D-IL) announced a Justice Department lawsuit against Visa, alleging the company holds an illegal monopoly over the debit market. Durbin, who has long advocated for the Credit Card Competition Act, asserted that this legislation would foster competition in credit and debit markets, ultimately reducing…

Recent swing state polls conducted by BSG and GS Strategy Group reveal that voters trust former President Donald Trump more than Vice President Kamala Harris on issues related to international trade and tariffs. This data highlights Trump’s economic agenda, which appears to resonate well with swing state voters who are…

As tensions escalate following Iran’s missile attacks in response to the Israeli airstrike that killed Hezbollah leader Hassan Nasrallah, Israel deliberates its next strategic military moves against Iran and its proxies. Bob McNally, a leading energy analyst and founder of Rapidan Energy Group, emphasizes that the global oil market has…

In August, orders for manufactured goods experienced a 0.2 percent decline, following a significant increase witnessed the previous month, according to a report from the Commerce Department. This downturn marks the third decrease in orders over the last four months, indicating ongoing challenges within the manufacturing sector. Such volatility signals…

At the conclusion of the third quarter, inflation in the United States appears to have moderated, offering reassurance to the Federal Reserve as it increasingly directs policy efforts toward protecting the labor market. Analysts predict that the consumer price index (CPI) will rise by only 0.1% in September, marking the…

In September, the U.S. services sector experienced robust expansion, achieving its most significant growth in nearly two years. According to data released by the Institute for Supply Management (ISM), the services index climbed 3.4 points to reach 54.9. This figure is particularly noteworthy as it surpasses the key threshold of…

In a recent debate that stirred considerable attention, Virginia Republican U.S. Senate candidate Hung Cao showcased his stance on several key issues, engaging directly with his opponent, incumbent Sen. Tim Kaine (D-VA). One of the more striking moments came when he tackled issues surrounding the International Longshoremen’s Association (ILA) strike…

Following the Federal Reserve’s recent half-point rate cut, Wall Street initially reacted positively, propelling stock markets to new record highs. However, the subsequent release of a robust jobs report has introduced uncertainty regarding future monetary policy adjustments. Analysts from leading financial institutions, such as Bank of America and JPMorgan, have…

In recent news, a significant disruption in supply chains has arisen due to a strike initiated by approximately 45,000 East Coast port workers from the International Longshoremen’s Association (ILA). This labor action commenced on Tuesday after negotiations with the United States Maritime Alliance (USMX) broke down. The situation has triggered…

In a recent press release, Congressman Chuck Edwards (R-NC) addressed the extensive destruction caused by Hurricane Helene, particularly in his district of Western North Carolina. He reported significant infrastructure damage, particularly to the Duke Energy grid, highlighting that power outages are widespread, with over 400,000 residents still without electricity by…

In a recent development, a coalition of twenty-two state attorneys general has expressed significant concerns over Nasdaq’s proposed rule mandating diversity quotas for corporate boards of companies listed on its exchange. The letter addressed to Nasdaq CEO Adena Friedman outlines their apprehensions regarding the legality of these diversity requirements, which…