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Oil is the backbone of the global economy. It fuels the majority of transportation and factories on earth. When the price of oil rises, so do the prices of everything else. As of today, WTI crude, which is the main U.S. oil benchmark, is trading above $100 a barrel for the first time since 2022. It hit $119.48 overnight, but has now lowered to around $102.50. So what exactly happened to cause such a major disruption in oil prices? The U.S. and Israel launched military strikes

The economy of the United States grew 1.4% in the last quarter of 2025. That's slow growth, but regardless it's growth. Inflation is at 3%, however the Federal Reserve's target is 2%. That difference is important because it means that the Fed is unlikely to cut interest rates soon. This means borrowing costs are high for Americans. The U.S. added 130,000 jobs in January and unemployment is at 4.28%. That seems to be alright until we examine closer. The average monthly job gro

A tariff is simply a tax on goods coming into the country. Tariffs make imports more expensive, and the theory is that people buy more American-made products since they are relatively cheaper. The Trump administration used powers from the International Emergency Economic Powers Act in order to set tariffs on many imports. Last week, the Supreme Court of the United States said the president had no authority to do so. The bigger issue isn't tariffs however, it's debt. The Congr

On the third of March next week on Tuesday, the UK will release their spring statement. This is a regular checkup on the economy! Rachel Reeves, a British Politician, will give this statement. The point of doing so is to give a view into the performance of the economy and the trajectory of government finances. It is essentially a progress report. The Office for Budget Responsibility (OBR) will publish additional information such as growth, inflation, borrowing, and tax revenu

In its simplest form, a tariff is a tax on goods coming into the country from outside sources. The idea behind tariffs is that they make foreign products more expensive, so consumers opt to buy American products instead. Trump's administration had put in place these tariffs under "emergency powers" on a very wide range of imports. On Friday, the Supreme Court ruled that the president did not have the right to do so, and therefore declared the tariffs as unconstitutional and i