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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.

Here’s the income needed to afford the typical American home

  • August 6, 2026
  • 8:16 PM

A Redfin report reveals the income needed to buy a typical U.S. home is $109,756, leaving a $22,197 gap above what most American households earn.

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Most Americans still trust financial advisors over AI tools for major money decisions, study finds

  • August 6, 2026
  • 4:05 AM

About 18% of Americans now use AI tools like ChatGPT for financial guidance, but confidence remains low compared to human financial advisors.

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Recall issued for dog and horse medication after fiberglass found in vials

  • August 6, 2026
  • 1:49 AM

A nationwide recall was issued for two lots each of canine and horse intramuscular joint injections after routine testing revealed fiberglass contamination.

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Private sector added 44,000 jobs in July, below expectations, ADP says

  • August 5, 2026
  • 12:21 PM

The figure reported on Wednesday is below economists’ estimates of an increase of 70,000 jobs. The prior month's reading was revised lower to 95,000.

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Buc-ee’s sues Ohio mini-mart over beaver logo branding, alleging trademark infringement

  • August 5, 2026
  • 1:33 AM

Buc-ee's sued Beaver's Mini Mart in Beavercreek, Ohio, over its beaver logo after comedian John Oliver dared the chain to pick on someone its own size.

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The colleges that give graduates the strongest career edge, according to LinkedIn

  • August 4, 2026
  • 1:52 PM

LinkedIn ranked American colleges on job placement, alumni network strength and recruiter demand as part of its report on schools preparing students for long-term success.

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Some older Ford vehicles pose ‘unreasonable’ safety risks, regulators warn

  • August 4, 2026
  • 1:13 AM

The NHTSA upgraded its defect probe into 135,551 Ford Fiesta, Focus and EcoSport vehicles after 355 reports of timing belt failure causing power loss.

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Trump regulators propose overhaul of ‘weaponized’ Community Reinvestment Act, say rule funded activist groups

  • July 31, 2026
  • 10:27 PM

Trump regulators propose CRA overhaul to stop banks from funneling community development funds to left-wing activist groups instead of local lending.

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Fed dissenters warn inflation could become entrenched without monetary policy tightening now

  • July 31, 2026
  • 8:23 PM

Three Fed governors dissented from the FOMC's decision to hold interest rates steady, each preferring a 25-basis-point rate hike to combat inflation.

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Bessent highlights Trump economy, warns China has ‘done a lot of kicking lately’

  • July 31, 2026
  • 4:51 PM

Scott Bessent warns China has been "kicking" the U.S. on rare earth minerals and AI IP theft, comparing the rivalry to an underwater water polo match.

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