Monthly Archives: July 2022

Rep. Jody Hice is the latest Trump insider to be subpoenaed in Georgia probe of 2020 election interference

Rep. Jody Hice, a Georgia Republican. AP Photo/Andrew Harnik Rep. Jody Hice has been subpoenaed by a Georgia grand jury probing 2020 election interference. Hice has echoed former President Donald Trump’s false claims of voter fraud. Hice has asked to transfer the subpoena to a federal court, POLITICO reported. Rep. Jody Hice, a Georgia Republican…

A key gauge of the housing market saw its steepest drop since the early days of the pandemic

Home building in Miami Joe Raedle/Getty Images Builder confidence fell sharply in July, the National Association of Home Builders said Monday. The NAHB attributed the fall to high inflation and rising rates, which are crushing mortgage demand. The drop is the seventh-straight monthly decline and the NAHB’s lowest-ever reading, excluding the early pandemic. High inflation…

Russia distances itself from the US dollar further as it moves to trade oil with India using the UAE’s local currency: report

Russian President Vladimir Putin receives Crown Prince of Abu Dhabi Mohammed bin Zayed Al Nahyan Mikhail Svetlov / Getty Images Russia and Indian refiners are set to trade oil not in US dollars but in the UAE’s local currency, Reuters reported.  Sources told Reuters that more deals priced in UAE dirhams will happen as Moscow…