Economy News
60 stories
Ukraine steel industry faces existential crisis as EU tariffs bite
Metinvest CEO Yuriy Ryzhenkov says new EU steel import quotas are unfairly squeezing Ukraine's wartime economy by nearly 60%.
JD Vance: The VP addresses the economy and foreign policy concerns
Vice President JD Vance recently addressed voter concerns regarding the U.S. economy and a deadly security failure in the ongoing war with Iran.
Heating oil prices: Why your energy bills are spiking this winter
Fuel costs have surged by 82% since the US-Israeli conflict with Iran began, leaving households struggling to prep for the cold.
JD Vance: Vice president gets real on 2028 run and economy
In a wide-ranging town hall, the VP addresses the cost-of-living crisis, the ongoing Iran war, and his potential presidential ambitions.
AI bubble: Why your portfolio might be heading for a major crash
The market's current obsession with AI is looking identical to the 2000 dot-com collapse, and it's time to check your risk exposure.
California dining: Why happy hour is becoming your new dinner date
As cost of living pressures tighten, SoCal residents are turning discounted appetizers into main events to keep the vibes alive.
JD Vance says fixing the U.S. economy will take more than 18 months
The Vice President acknowledged the struggle of small business owners while defending the Trump administration's long-term economic strategy.
Mathias Cormann: Why populist policies won't fix Australia's economy
The OECD boss says chasing migration caps or tariffs is a major L for the economy.
Federal Reserve: Kevin Warsh signals rate hold, December hike looms
Traders are betting on a pause this month after the Fed chair stayed quiet on rate hikes during a major Bangkok conference.
Kevin Warsh signals steady Fed outlook despite inflation spikes
The Fed chair says recent economic performance matches expectations as the central bank weighs its next move on interest rates.
Jersey diesel prices hit £2/liter, squeezing business margins hard
Local firms are feeling the heat as fuel costs skyrocket, leading to tough choices about project pricing and customer pass-through costs.
Pub closures: Why the math behind your local pint isn't adding up
Rising overheads and supermarket prices are pushing neighborhood pubs to the brink, forcing landlords to exit the industry.
Thames Water needs £2.4bn to avoid bankruptcy
The UK's largest water utility says its current cash pile will dry up by early 2027 unless lenders cough up more dough.
donald trump midterms: what's happening and why it matters
As the 2026 midterms approach, President Donald Trump is campaigning to boost GOP candidates while facing headwinds from voter concerns over the economy.
Bitcoin and risk assets slide as investors flee to gold
Global markets are seeing a major risk-off shift as traders dump growth assets for safe havens amid fresh economic uncertainty.
CEO confidence takes a nosedive as economy worries grow
Major business leaders are feeling pretty negative about the U.S. economy, but they haven't actually hit the panic button on hiring yet.
North Dakota tops national financial rankings with massive budget surplus
A new report shows North Dakota leads the U.S. in financial health, while nearly half of states are currently struggling to cover their bills.
US voters feel the recession sting as midterms approach
A new poll reveals that most Americans think the economy is tanking, with high grocery and gas prices hitting independent voters the hardest.
BlackRock CEO Larry Fink: AI data centers are keeping the U.S. from recession
As the national debt hits $40 trillion, BlackRock’s CEO says halting massive AI infrastructure spending would be a major L for the economy.
Donald Trump faces low approval as midterm voters worry about cost of living
A new Fox News poll shows voters are lowkey stressing about inflation and the economy, giving Democrats a lead just weeks before the midterms.
Great Jones Distilling Co. closes NYC doors as alcohol demand craters
Manhattan’s only whiskey distillery is shutting down as Gen Z and other drinkers turn away from spirits, causing a massive industry reset.
US inflation: September prices surge as energy costs weigh on economy
The latest CPI numbers are in, and it's giving major cost-of-living vibes just weeks before the midterms.
Donald Trump campaign promises on cost of living vs reality
While the White House highlights tax cuts and job growth, consumer costs for gas, groceries, and energy remain significantly elevated two years into the term.
Inflation: September CPI hits 3.7% as energy costs surge
The latest inflation data just dropped, and it’s giving higher-than-expected vibes as the Fed weighs its next move.
Bybi: The Copenhagen beekeepers challenging the modern economy
This urban collective is ditching the traditional grind for a honey-centered, volunteer-led model that prioritizes community over corporate output.
Bank of America hit with $1.2B fine for sanctions and money laundering
The massive penalty is the third-largest in Treasury history after the bank admitted to failing at core anti-money laundering obligations.
Domino’s stock slumps as the pizza industry hits a major wall
The pizza giant is warning of slower growth as Americans stop ordering out and lean into new diet trends.
Aviation industry faces major volatility as Middle East conflicts surge
Rising security threats at airports and restricted airspace are forcing airlines to reroute and drive up operational costs.
AI stock market bubble could be a major threat to global finance, IMF warns
The global economy is riding a massive AI wave, but experts say high debt and sky-high valuations are making the whole system lowkey shaky.
Australia credit card surcharge ban used as cover for price hikes
Some cafes are raising prices by over 10% following the new surcharge ban, leaving many wondering if they're paying for more than just convenience.
UK rail nationalization: Is it actually saving your commute?
Labour is bringing rail services into public hands, but the data on whether it’s fixing your delays is a major mixed bag.
AI job impact: IMF warns 40% of roles at risk, Gen Z first in line
IMF Managing Director Kristalina Georgieva calls AI a 'slow-moving tsunami' that could reshape the global workforce and economy.
Inflation: Americans are drowning in debt as prices stay high
New data shows households are struggling to keep up with auto loans and credit cards as the cost of living keeps rising.
California farmworker wage hike: What it means for your grocery bill
A new law bumping farmworker pay to $19.75 an hour has farmers warning that your food costs are about to go up.
Trump economy: New report details manufacturing jobs and investment boom
A new White House economic report credits re-shoring policies and the OBBB for a surge in U.S. manufacturing jobs and massive corporate investment.
Retailers like Lululemon and Under Armour are cutting product options
Big brands are ditching extra inventory to boost profits, but it means you might see less variety on the shelves.
Donald Trump cuts deal for Russian diesel to drop U.S. gas prices
The U.S. is temporarily lifting sanctions on Russian diesel exports in a bid to slash pump prices before the midterms, sparking major backlash from Ukraine.
American debt is hitting levels not seen since the Great Recession
While household wealth is technically up, a massive chunk of families are falling behind on payments, and the vibes are seriously off.
Stock market: Bull run hits 4-year mark as AI dominates, but risks loom
The S&P 500 is crushing it with a 117% gain, but experts warn that high rates and a tech-heavy portfolio are starting to make investors nervous.
Christian Bittar conviction overturned in major rate-rigging case
After years of legal battles, the fallout from the 2008 financial crisis takes a wild turn as more traders get their names cleared.
Donald Trump immigration policies linked to $2,000 Social Security cut
A new report warns that the administration's crackdown on foreign-born workers could slash retirement benefits and spike inflation for everyone.
Delta Air Lines shares hit as fuel costs force 2026 outlook cut
Despite a massive $6 billion fuel spike, Delta says travelers aren't flinching at higher ticket prices yet.
Abena Oppong-Asare pressures Treasury for urgent housing funds
The housing committee chair wants the government to front-load billions in funding to help build 41,000 extra affordable homes across England.
Jersey high value residents: Economic engine or tax-avoidance flex?
Finance pros and critics are clashing over whether the island's elite resident tax perks are fueling the economy or just leaving locals in the dust.
Donald Trump’s fuel price plan: Why your wallet is still feeling the heat
The White House is pulling every lever to lower gas and diesel costs before the midterms, but experts are skeptical it will make a major dent.
Jeff Bezos: AI productivity could mean a 3-day workweek for some
The Amazon founder is betting big on space-based data centers and a future where AI efficiency lets families skip the grind.
Japan beer giants under fire for alleged price-fixing scheme
Major brewers Asahi, Sapporo, Kirin, and Suntory are under investigation for potentially colluding to hike drink prices.
Alberta independence vote: What the potential split means for your wallet
Albertans are heading to the polls on October 19 to decide whether to pursue a formal independence referendum, sparking a massive debate over economic viability.
Bank of England: Say goodbye to historical figures on your cash
The Bank of England is ditching historical icons for a nature-focused redesign featuring hedgehogs, puffins, owls, and bumblebees.
New Jersey: Is the Garden State still a budget-friendly move?
New data shows your move to the Jersey suburbs might not save you as much cash as you think after living costs spiked by $41k.
Washington state voters to decide fate of 9.9% 'millionaire tax'
A November ballot initiative backed by conservative groups aims to repeal the state's new income tax on high earners, triggering a heated local debate.
Guernsey Budget 2027: Why officials are fighting over your tax bill
Policy and Resources' latest budget proposal is facing major heat for how it handles tax caps and spending, leaving islanders worried about their wallets.
Donald Trump’s Iowa steel plant project faces major credibility questions
The $15bn facility promises thousands of jobs, but critics are calling the timing and history of the developer 'political pandering.'
Shell earnings: Refineries are becoming absolute goldmines
As global fuel shortages push prices to record highs, Shell expects its refining profits to nearly double.
Coalition immigration plan faces scrutiny over lack of independent costing
The Opposition is standing by their migration targets despite admitting they haven't been fully vetted by the Parliamentary Budget Office.
Donald Trump signals potential federal gas tax suspension
As midterm pressure mounts, the President is floating a tax break to help lower your fuel costs at the pump.
Heating costs: Why your winter bills are about to get expensive
Oil-heated homes are facing a massive price spike as global energy markets react to ongoing conflicts.
S&P 500 hits record high as AI chip hype ignores economic red flags
The market is eating up AI-driven growth, even while everyday consumers and the bond market deal with some majorly messy vibes.
Donald Trump red-dye diesel order: Will it actually save you money?
The President's new executive order aims to cut fuel costs, but experts say the logistics might make it a major L for most truckers.
Wall Street profits are hitting $90B as AI deals go crazy
New York City's finance sector is seeing record-breaking gains, but looming economic risks could threaten the momentum.