Home sales drop in March as mortgage rates surge over 7%

Existing home sales shrank in March as consumers respond to continuing price increases and rising mortgage rates. Sales for existing homes fell 4.3% in March compared to […]

California is taking on huge debts to pay jobless workers as its deficit gets bigger

California is billions of dollars in debt to the federal government to pay for its unemployment insurance trust at a time when the state’s expenses far exceed […]

Electric vehicle maker launches another round of layoffs as demand slows

Electric vehicle (EV) manufacturer Rivian announced its second round of layoffs just this year on Wednesday as consumer demand for EVs stalls. The layoffs at Rivian will […]

‘It has to be built properly’: Josh Hawley asks Boeing quality engineer point blank if company’s planes are safe

A current Boeing employee warned Republican Missouri Sen. Josh Hawley that the company’s planes have increased risk factors due to poor company safety standards at a hearing […]

US wheat farmers stare down huge losses as foreign goods flood market

Many American wheat farmers may face losses in 2024 due to a glut of foreign supply coupled with soaring equipment and labor costs amid high inflation, Reuters […]

Meet the Chinese Communist Party-linked company that’s developed one-fourth of America’s critical drugs

Chinese pharmaceutical company WuXi AppTec has been involved in the development of one-fourth of the drugs recently used by Americans, with some members of Congress saying it’s […]

Biden admin signals support for embattled high-speed rail project. Critics say it’s a ‘boondoggle’

The Biden administration has dropped hints that it could send taxpayer funds to another stalling high-speed rail project, this time in Texas, that has faced years of […]

Electricity prices have risen seven times faster under Biden than Trump

Electricity prices have experienced a significant rise since the beginning of the Biden administration, rising than seven times faster than under the entire Trump administration. The […]

There’s one thorny issue stopping inflation from going away

Inflation continues to dog Americans thanks in large part to sky-high housing costs, which aren’t going away in the near future. The cost of renting or buying […]

California is staring down the barrel of a yawning budget deficit. Can it even be fixed?

California unveiled a huge budget deficit earlier this year, which has led experts to wonder if the state can even balance its budget without relying on short-term […]

Biden’s electric vehicle ‘mandate’ might just be a surprise gift to China

The Biden administration has put in place regulations that would require many Americans to adopt electric vehicles (EV) in the coming years despite U.S. companies struggling to […]

Blue city board wants to let residents sue grocery stores for closing

Two members of the San Francisco Board of Supervisors introduced an ordinance to be considered that would require grocery stores to provide six-months notice before closing, or […]

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