The Horn News

Proudly American, Fiercely Independent

Dollar surges to 2-decade high amid Fed action

The U.S. dollar’s value surged in April as investors sought refuge amid the Federal Reserve’s aggressive shift to fight rising inflation. Rising inflation that has caused the biggest jump in prices in 40 years has spurred the Federal Reserve to aggressively raise interest rates, which increases demand for U.S. dollars…. Read More

U.S. Senate overwhelmingly approves $40 billion aid for Ukraine

The Senate overwhelmingly approved a $40 billion infusion of military and economic aid for Ukraine and its allies on Thursday as both parties rallied behind America’s latest, and quite possibly not last, financial salvo against Russia’s invasion. The 86-11 vote gave final congressional approval to the package, three weeks after… Read More

Mississippi man pleads guilty to misusing pandemic relief loan

A Mississippi man pleaded guilty Monday to a federal wire fraud charge for misusing more than $6 million in business loans through a pandemic relief program, prosecutors said. Rather than use the money for his businesses, Christopher Paul Lick admitted using it for personal investments in the stock market and… Read More

Consumer resilience: Retail sales rise 0.9% despite inflation

U.S. retail sales rose 0.9% in April, a solid increase that underscores Americans’ ability to keep ramping up spending even as inflation persists at nearly a 40-year high. The increase was driven by greater sales of cars, electronics, and at restaurants, the Commerce Department said Tuesday. Even adjusting for inflation,… Read More

Elon Musk backs out of Twitter deal!?

Tesla CEO Elon Musk says his deal to buy Twitter can’t move forward unless the company shows public proof that less than 5% of the accounts on the social media platform are fake or spam. Musk made the comment in a reply to another user on Twitter early Tuesday. Sponsored:… Read More

Bitcoin tumbles amid a wild week in cryptocurrency

It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry’s highest-profile companies lost a third of its market value. Here’s a look at some major developments in cryptocurrencies this week: Sponsored: Do This DIY Lung Cancer… Read More

Officials: China’s economy rebounds amid COVID relaxation

China’s factory and consumer activity fell even more than expected in April under anti-virus controls, official data showed Monday, but a Cabinet official said the economy is reviving as anti-virus curbs ease and its commercial capital of Shanghai reopens. The slump in the second-biggest economy fueled fears global manufacturing and… Read More

Stocks rally on Wall Street but still face sixth weekly loss

Stocks rallied on Wall Street Friday, but not enough to claw back all the losses the market has taken in this volatile week of trading. The S&P 500 rose 2.4% as of 12:01 p.m. Eastern. The benchmark index is still on track for its 6th straight losing week, something that… Read More

Google starts translating more languages; experts skeptical

About 10 million people speak Quechua, but trying to automatically translate emails and text messages into the most widely spoken language family native to the Americas in the Americas was long all but impossible. That changed on Wednesday, when Google added Quechua and a variety of other languages to its… Read More