Federal Reserve Chairman Jerome Powell admitted Tuesday before the Senate Committee on Banking, Housing, and Urban Affairs that inflation is “running very far above our target.” “This year, in all likelihood, we’ll be normalizing policy,” he continued. “We’re going to…
Last week, China Evergrande suspended its shares on the Hong Kong Stock Exchange. Evergrande is China’s second-largest real estate developer. The company has been in crisis for months, having repeatedly missed interest payments on its debt. Now, the company, which owes $300 billion in…
Last week, Gov. Ron DeSantis opened Florida’s ports to businesses that may want to redirect their cargo in reaction to the ongoing global supply chain crisis. “We have capacity at all of our ports…. If you’re going to sit off…
On Thursday, the National Counterintelligence and Security Center, which is part of the Office of Director of National Intelligence, issued a report warning American companies about the risks of doing business with Chinese firms in five critical industries: artificial intelligence,…
A coercive vaccine mandate came into effect in Italy on Friday, prompting nationwide protests and acts of civil disobedience. The policy requires all Italian workers to be fully vaccinated for COVID-19, provide proof of a recent recovery, or receive several…
One day after Chinese warships were spotted within Alaska’s exclusive economic zone, the Biden administration announced Wednesday that the United States and the United Kingdom would share sensitive nuclear submarine technology with Australia. This marks the first time since 1958…