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U.S. Economy

Elon Musk ripped for disrupting Ukraine attack on Russian navy

by Vera Ward
Elon Musk ripped for disrupting Ukraine attack on Russian navy

Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of Twitter, looks on as he attends the Viva Technology conference dedicated to innovation and startups at the Porte …

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Senators take up looming insurance crisis as issuers leave risky areas

by Vera Ward
Senators take up looming insurance crisis as issuers leave risky areas

View of a damaged property after the arrival of Hurricane Idalia in Horseshoe Beach, Florida, August 31, 2023. Julio Cesar Chavez | Reuters WASHINGTON — Low-income policyholders will be hit …

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Can stocks finish strong in 2023? Wall Street giants weigh in

by Walter Watson
Can stocks finish strong in 2023? Wall Street giants weigh in

Traders on the floor of the NYSE, Aug. 15, 2023. Source: NYSE Stock markets are coming off a rough month, but strategists at some of Wall Street’s biggest banks are …

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Ukraine drone supplier AeroVironment soars more than 20%, best day in over two years

by Vera Ward
Ukraine drone supplier AeroVironment soars more than 20%, best day in over two years

AeroVironment Switchblade 600 Drone Courtesy: AeroVironment WASHINGTON — Drone manufacturer AeroVironment’s shares rallied 20% on Wednesday on the back of better-than-expected fiscal first-quarter results. Wednesday’s gain — AeroVironment’s biggest since January …

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Covid hospitalizations spike with new variant as U.S. readies vaccines

by Akin Smith
Covid hospitalizations spike with new variant as U.S. readies vaccines

Medical staff treat a coronavirus disease (COVID-19) patient in their isolation room on the Intensive Care Unit (ICU) at Western Reserve Hospital in Cuyahoga Falls, Ohio, U.S., January 4, 2022. …

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Blinken makes surprise Ukraine visit as U.S. debates additional aid

by Vera Ward
Blinken makes surprise Ukraine visit as U.S. debates additional aid

Ukraine’s Foreign Minister Dmytro Kuleba greets US Secretary of State Antony Blinken before a meeting at the Ministry of Foreign Affairs in Kyiv on September 6, 2023.  Brendan Smialowski | …

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Turkey’s Erdogan says Black Sea grain deal can be revived after Putin talks

by Walter Watson
Turkey’s Erdogan says Black Sea grain deal can be revived after Putin talks

WASHINGTON — Turkish President Recep Tayyip Erdogan said following a meeting with Russian President Vladimir Putin on Monday that a resolution to the suspended Black Sea Grain Initiative can be reached “in …

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Recession indicator may be ‘broken odometer’ for economy, says expert

by Ron Morgan
Recession indicator may be ‘broken odometer’ for economy, says expert

Westend61 | Westend61 | Getty Images Experts have been pointing to a coming downturn for the U.S. economy. The question was when. Now, however, some firms and experts are walking …

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Congress returns with the clock ticking to avert government shutdown

by Vera Ward
Congress returns with the clock ticking to avert government shutdown

An American Flag on the U.S. Capitol Building is seen in Washington, August 31, 2023. Kevin Wurm | Reuters A deeply divided Congress returned Tuesday from a monthlong summer vacation …

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Stiglitz explains how the Fed went wrong on inflation

by Walter Watson
Stiglitz explains how the Fed went wrong on inflation

The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years, according to Nobel Prize-winning economist Joseph …

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