Author: Rob Wile

On Feb. 27, the day before the United States and Israel attacked Iran, the American economy was on a steady course to lower inflation and attain greater buying power.

President Donald Trump said Friday that he had banned CNN, MS NOW and Politico from the White House over what he called their “constant ‘reporting’ FAKE NEWS.”

Some people never seem to grow up.

For U.S. consumers, the rising cost of diesel is likely to result in higher retail prices for everything from produce and toys to lumber and apparel.

The average price of diesel gas hit its highest level since the Iran war started, as a global supply bottleneck tightened and seasonal demand is poised to rise.

AI “slop” is now increasingly on offer at brick-and-mortar establishments.

Bond yields surged and stock markets opened lower amid growing concerns that the Fed will raise interest rates this month to combat persistent inflation.

Federal Reserve Chair Kevin Warsh said measures of inflation are still elevated, but it is not yet clear that the Fed must take action to address rising prices.

Treasury Secretary Scott Bessent announced a wave of new sanctions aimed at isolating Iran, after threatening the Islamic Republic with “an economic D-Day.”

Pharmaceutical giants Moderna and Merck said that an experimental vaccine treatment has shown signs of preventing skin cancer from returning or spreading in a study of melanoma patients.