Facebook-f X-twitter Linkedin-in Instagram
Top equity picks logo

Economy

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

Jubilant England fans celebrating in a bar near the Atlanta Stadium in downtown Atlanta, Georgia, following England’s victory against DR Congo at the 2026

World Cup helped drive strongest consumer spending growth in four years during June, Bank of America says

  • July 18, 2026
  • 10:00 AM

Bank of America data shows credit and debit card spending rose 6.3% in June, with restaurants and bars in host cities seeing the biggest gains.

READ MORE...
Drivers refuel vehicles at a Berri Brothers gas station in Encinitas, California, US, on Monday, May 4, 2026 The national unleaded average gasoline price

IRS raises business mileage deduction rate amid fuel price surge

  • July 16, 2026
  • 8:22 PM

The IRS raised its standard business mileage deduction to 76 cents per mile amid surging gas prices linked to the Iran war's disruption of oil flows.

READ MORE...
Home for sale person walking getty

Mortgage rates jump to highest level in almost a year

  • July 16, 2026
  • 4:56 PM

The average rate on a 30-year fixed mortgage rose this week to 6.55%, according to the latest Freddie Mac data released Thursday. That is up from last week's reading of 6.49%.

READ MORE...
Jamie dimon reagan nef 26

Dimon urges calm over fear about AI’s impact on jobs: ‘Stop being breathless over it’

  • July 16, 2026
  • 3:24 PM

Jamie Dimon urged calm over AI job loss fears, saying JPMorgan Chase reskills and redeploys workers rather than cutting headcount as technology advances.

READ MORE...
Bmw car hybrid recall

BMW recalls nearly 30K vehicles over engine starter defect that could cause fire

  • July 16, 2026
  • 2:14 AM

Nearly 30,000 BMW plug-in hybrid vehicles face a recall due to a fire risk from starter relay corrosion, with dealers replacing the part free of charge.

READ MORE...
Social security card and cash

Social Security recipients could see bigger cost-of-living adjustment in 2027, new forecast says

  • July 15, 2026
  • 7:10 PM

A 3.8% Social Security COLA for 2027 could raise average benefits by $73.62, but the larger adjustment may accelerate trust fund insolvency.

READ MORE...
San francisco grocery store

California grocery prices could rise as plastic packaging law takes effect

  • July 15, 2026
  • 6:35 PM

California's new packaging law shifts recycling costs to manufacturers. Regulators say consumer impacts may be limited, while industry groups warn grocery prices could rise.

READ MORE...
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, during a Senate Banking, Housing, and Urban Affairs Committee

Fed Chair Kevin Warsh says central bank has ‘no tolerance’ for elevated inflation

  • July 14, 2026
  • 2:31 PM

Fed Chair Kevin Warsh told lawmakers the central bank won't tolerate persistently elevated inflation and will take the steps needed to preserve price stability.

READ MORE...
Consumer inflation cooled more than expected in June as gas prices fell

Consumer inflation cooled more than expected in June as gas prices fell

  • July 14, 2026
  • 12:33 PM

The Bureau of Labor Statistics found that the consumer price index (CPI) eased in June as consumer price growth slowed after a recent surge caused by the Iran war.

READ MORE...
CHATTANOOGA, TENNESSEE – MARCH 20: Volkswagens are seen in the employee parking lot at the Volkswagen automobile assembly plant on March 20, 2024 in

Volkswagen CEO says automaker weighing 50,000 additional job cuts

  • July 13, 2026
  • 6:06 PM

An internal memo reveals Volkswagen faces a 20% cost disadvantage, with up to 100,000 total job cuts now under consideration across all brands.

READ MORE...

Stay In Touch

Facebook X-twitter Pinterest Instagram Youtube

Latest News

Featured Categories