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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

Gas x pills pharmacy recall fda

Gas-X capsules recalled over potential chemical contamination due to leaky machine: FDA

  • June 8, 2026
  • 2:41 AM

Gas-X Extra Strength Softgels were recalled nationwide due to potential chemical contamination from a machine leakage during packaging, the FDA announced.

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Lax airport

American Airlines reportedly pauses 6 domestic routes amid fuel price pressure tied to Iran conflict

  • June 7, 2026
  • 9:20 PM

The airline says six domestic routes will be paused for two months as carriers face higher fuel costs linked to instability in the Middle East.

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Construction worker power plant

US economy added 172,000 jobs in May, beating expectations

  • June 5, 2026
  • 12:31 PM

The Bureau of Labor Statistics reported that 172,000 jobs were added in May, beating economist expectations of 85,000 while unemployment held at 4.3%.

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Ca tx offices flags

California loses Fortune 500 crown to Texas as billionaire tax threat looms

  • June 4, 2026
  • 3:12 PM

Governor Greg Abbott calls Texas the "undisputed headquarters of headquarters" as the state surpasses California with 57 Fortune 500 companies.

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Costco shoppers new jersey

Inflation is squeezing American consumers and the Fed’s latest report shows it’s getting worse

  • June 3, 2026
  • 9:34 PM

Federal Reserve Beige Book finds inflation rising at a strong pace across most districts, driven by energy costs tied to the Middle East conflict.

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UPPER MARLBORO, MD – AUGUST 2: Elementary school educators gather to talk to prospective hires during a hiring event for Prince George’s County school

Private sector adds 122,000 jobs in May, above expectations, ADP says

  • June 3, 2026
  • 12:17 PM

The figure reported on Wednesday is above economists’ estimates of an increase of 99,000 jobs. The prior month's reading was revised lower to a gain of 62,000 jobs.

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Traders nyse 6 1 26

Top CEOs brace for downturn, warn US economy will worsen in next 6 months

  • June 2, 2026
  • 2:53 PM

CEO confidence plummeted from a reading of 59 to 47 in just one quarter, as corporate leaders report worsening economic conditions and shrinking hiring plans.

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La to miami migration

Fleeing for their futures, a California exodus unleashes a Florida ‘gold rush’

  • June 1, 2026
  • 10:00 AM

California faces an unprecedented exodus as high taxes, a $31 billion deficit and a ballot-approved wealth tax push more billionaires and businesses to Florida.

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College students penn state university

Why 529 plans remain a powerful tool for college, trade school savings

  • May 29, 2026
  • 6:07 PM

529 accounts allow tax-free growth for education savings, and experts say they remain the optimal vehicle to combat rising tuition costs over time.

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Lidl grocery store shoppers inside

Fed’s favored inflation gauge remained elevated in April

  • May 28, 2026
  • 12:37 PM

The latest PCE inflation data was released by the Commerce Department and showed that inflation rose and remained elevated in April due in part to the Iran war's impact.

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