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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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Economy

1231 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 10/17/2026

Walmart Boosts Employee Benefits with Free Drugs, NICU Leave Amid Rising Costs

Walmart, the biggest private employer in the U.S. with 1.6 million workers, just announced big changes to its employee benefits for 2027. The retail giant is introducing a 'zero-dollar prescription tier' for over 250 medicines, meaning employees won't pay anything for them. Even more, parents of babies needing special care in the Neonatal Intensive Care Unit (NICU) will get up to 12 weeks of paid leave. These moves stand out because many other companies are actually cutting down on employee health benefits as healthcare costs keep going up.

Editorial Team1 min
Walmart Boosts Employee Benefits with Free Drugs, NICU Leave Amid Rising Costs
Economy 10/16/2026

Gold Shines Amid Inflation Fears as Market Shifts to Growth Concerns

Gold prices are showing unexpected strength, shrugging off recent 'hot' inflation data like the higher-than-expected US Producer Price Index (PPI) and Consumer Price Index (CPI) reports. Instead of falling, gold initially dipped before rallying to new highs, a move that suggests market players are now more worried about potential economic slowdowns than rising prices. This shift is also seen in falling Treasury yields and lower expectations for Fed rate hikes, even though October's Core PCE estimates show a monthly increase of 0.34%.

Editorial Team1 min
Gold Shines Amid Inflation Fears as Market Shifts to Growth Concerns
Economy 10/16/2026

Indian Exporters Race Against Time for EU Deforestation-Free Compliance with TRST01

Indian coffee, natural rubber, and soy exporters are facing a critical December 30, 2026 deadline to comply with the European Union Deforestation Regulation (EUDR), a new law demanding proof that products are deforestation-free. Supply chain technology firm TRST01 has announced its digital platforms, TRST01Chain and the TRST01 EUDR Hub, are fully ready to help Indian businesses meet these strict requirements, which include plot-level traceability and verifiable compliance evidence. With just weeks to go for large and medium operators, the pressure is on to transition from preparation to concrete action.

Editorial Team1 min
Indian Exporters Race Against Time for EU Deforestation-Free Compliance with TRST01
Economy 10/16/2026

Canada Seals $300 Million in India Deals, Boosts Bilateral Trade Aspirations

Canada's Minister of International Trade, Maninder Sidhu, announced today that the Team Canada Trade Mission to India successfully secured 34 new commercial agreements valued at nearly $300 million. This week-long mission, the largest Canadian trade delegation to India in over 30 years, aims to significantly boost economic ties between the two nations and signifies a major step in Canada's efforts to deepen its engagement in one of the world's fastest-growing economies.

Editorial Team1 min
Economy 10/16/2026

AI Selloff Jolts Dollar, Shifts Fed Outlook as Iran Tensions Recede

The US dollar is experiencing its first weekly drop in over a month against the euro and the Japanese yen, a sharp reversal driven by investors grappling with a significant AI stock selloff and a re-evaluation of the US interest rate outlook. The market's shift comes as earlier concerns about a major escalation in the Iran conflict, which previously offered some support to the dollar as a safe haven, have largely faded from the immediate currency narrative. This has created a fertile ground for the dollar to unwind some of its recent gains.

Editorial Team1 min
AI Selloff Jolts Dollar, Shifts Fed Outlook as Iran Tensions Recede
Economy 10/16/2026

India-US Trade Deal Nears Finish Line as Legal Drafting Advances, Eyes Early Conclusion

India's Finance Minister Nirmala Sitharaman has voiced strong hopes for a quick wrap-up of the India-US trade deal, emphasizing its importance for both global commerce and the two nations' economic ties. Her remarks follow closely on the heels of Commerce Minister Piyush Goyal's announcement that the first part, or 'tranche,' of the Bilateral Trade Agreement (BTA) is now finalized and moving into the crucial stage of legal drafting. This signals a significant step forward in a pact that has seen prolonged negotiations since early 2025.

Editorial Team1 min
India-US Trade Deal Nears Finish Line as Legal Drafting Advances, Eyes Early Conclusion
Economy 10/16/2026

Asia Stocks Bounce Back, Chipmakers Recover, But Indonesia Market Plunges Amid MSCI Downgrade Threat

Asian markets largely breathed a sigh of relief and rallied today, Friday, October 16, 2026, as chipmakers led a strong rebound across the region. This recovery follows a recent global tech sell-off, largely sparked by mounting concerns around the debt financing for AI giant CoreWeave. However, Indonesia's stock market bucked the trend, plunging a staggering 11% in its steepest single-day drop since 1998, after global index provider MSCI proposed reclassifying the country from an 'Emerging Market' to a 'Standalone Market' status.

Editorial Team1 min
Economy 10/16/2026

Tech Mahindra's Q2 FY27 Surge Ignites IT Revival Hopes, Declares Bonus Shares

Tech Mahindra just delivered a powerhouse performance for the September 2026 quarter (Q2 FY27), showcasing robust consolidated revenues of ₹16,180 crore, marking a 2.4% quarter-on-quarter growth in constant currency. This strong showing, coupled with a significant 32.7% year-on-year jump in net profit to ₹1,586 crore, signals a potential turning point for the broader Indian IT services sector, which has been navigating an uneven recovery. The company also delighted shareholders with a recommended 1:1 bonus share issue and an interim dividend of ₹15 per share.

Editorial Team1 min
Economy 10/16/2026

Rupee Rebounds: RBI's Bold Moves Halt Dollar's March at 94.71

The Indian Rupee staged a significant comeback on Friday, rallying 35 paise to touch 94.71 against the US Dollar, a much-needed breath for the currency which has been under intense pressure all year. This sharp recovery is largely thanks to the unwinding of 'bearish bets' by traders and persistent 'dollar selling' operations by the Reserve Bank of India, aiming to stabilize the currency's value.

Editorial Team1 min
Rupee Rebounds: RBI's Bold Moves Halt Dollar's March at 94.71
Economy 10/16/2026

Market Shrugs Off AI, Chip Stock Slump as Broader Economy Shows Resilience

The stock market on Thursday, October 15, 2026, displayed surprising resilience, with the Nasdaq Composite turning positive after an early slide, and the S&P 500 and Dow Jones Industrial Average posting solid gains. This rebound occurred even as AI and chip stocks continued their prolonged struggle, reeling from fears over rising inflation and the heavy debt loads associated with AI infrastructure investments. The broader market's ability to find strength elsewhere, particularly in sectors like healthcare and consumer discretionary, signals a potential shift in investor focus away from the concentrated tech leadership seen over the past year.

Editorial Team1 min
Market Shrugs Off AI, Chip Stock Slump as Broader Economy Shows Resilience
Economy 10/16/2026

Migrants Fill 80% of UK's New Jobs Amid 'Hidden Unemployment' Debate; Indians Lead Foreign Workforce

A new bombshell report from the Centre for Social Justice (CSJ) reveals a stark reality for Britain's job market: foreign nationals have snapped up four out of every five new payroll jobs created between 2014 and 2025, leaving British nationals with a mere one-fifth of the 3.7 million additional positions. Indians emerged as the largest foreign workforce, holding over one million jobs by December 2025, underscoring a deepening reliance on overseas labor even as critics point to a 'hidden unemployment crisis' among the domestic population.

Editorial Team1 min
Migrants Fill 80% of UK's New Jobs Amid 'Hidden Unemployment' Debate; Indians Lead Foreign Workforce
Economy 10/16/2026

Trump's $5,000 Promise: Midterm Game Changer or Economic Gamble for Americans?

President Donald Trump has reignited a heated debate just weeks before the November 2026 midterm elections, pledging a hefty $5,000 payment to every adult American citizen if Republicans secure control of both the U.S. House and Senate. Touted as the 'Trump Dividend', this audacious promise, made at the Republican Midterm Convention in Dallas, aims to sway voters grappling with persistent economic concerns and the rising cost of living.

Editorial Team1 min
Trump's $5,000 Promise: Midterm Game Changer or Economic Gamble for Americans?
Economy 10/15/2026

US Social Security Faces 2032 Deadline as Benefit Cuts Loom Amid Political Stalemate

The United States Social Security program is hurtling towards a major financial cliff, with its main retirement fund, the Old-Age and Survivors Insurance (OASI) Trust Fund, projected to run out of money as early as mid-2032. Without urgent action from Congress, millions of retirees could face an automatic 22% cut in their benefits, a scenario that is now just six years away. This stark warning comes as the Social Security Administration (SSA) simultaneously announced a 3.6% Cost-of-Living Adjustment (COLA) for 2027, boosting average monthly payments by about $75, highlighting the program's dual challenge of rising payouts and dwindling reserves.

Editorial Team1 min
US Social Security Faces 2032 Deadline as Benefit Cuts Loom Amid Political Stalemate
Economy 10/15/2026

Trump Bidders' Offshore Crypto Holdings Raise Transparency Alarms Amid Deregulation Push

A troubling pattern is emerging where individuals linked to high-profile political events, specifically those bidding for access to President Donald Trump, are reportedly stashing funds on offshore cryptocurrency exchanges that intentionally bar American users. This comes amidst a significant shift in US crypto policy under the current administration, which has seen a loosening of regulatory oversight and a push for domestic crypto innovation, creating a complex web of financial and ethical concerns.

Editorial Team1 min
Trump Bidders' Offshore Crypto Holdings Raise Transparency Alarms Amid Deregulation Push
Economy 10/15/2026

Trump Reverses Sanctions: Russian Diesel Set to Flow to US Before Midterms

In a dramatic policy reversal, President Donald Trump has temporarily lifted US sanctions on Russian diesel imports, clearing the way for substantial shipments to the American market before the critical November 3, 2026, midterm elections. This controversial move, announced on October 9, authorizes an immediate release of over 300,000 metric tons of Russian diesel, with an additional 500,000 tons expected in November, directly challenging existing US law and drawing sharp international criticism.

Editorial Team1 min
Trump Reverses Sanctions: Russian Diesel Set to Flow to US Before Midterms
Economy 10/15/2026

US Economy Navigates Moderate Growth as Stubborn Inflation and Rate Hike Bets Intensify

The Federal Reserve's latest Beige Book, released just yesterday, paints a picture of an American economy chugging along at a 'slight to moderate' pace, but with a glaring red flag: escalating price pressures are becoming increasingly stubborn for businesses nationwide. This crucial report highlights a persistent dilemma for the central bank as it grapples with robust inflation despite efforts to cool the economy.

Editorial Team1 min
US Economy Navigates Moderate Growth as Stubborn Inflation and Rate Hike Bets Intensify
Economy 10/15/2026

Inflation Shock Before Midterms: Soaring Prices Ignite Fed Rate Hike Fears

Consumer prices surged unexpectedly in September, delivering a fresh blow to households and throwing a wrench into the Federal Reserve's plans just weeks before crucial midterm elections. The latest Consumer Price Index (CPI) report showed inflation jumping faster than anticipated, largely fueled by a sharp rise in gasoline costs, reigniting concerns that the Fed may have no choice but to push interest rates even higher to cool the economy. This marks the final major inflation report before voters head to the polls, putting immense pressure on policymakers and politicians alike.

Editorial Team1 min
Inflation Shock Before Midterms: Soaring Prices Ignite Fed Rate Hike Fears
Economy 10/15/2026

Social Security Boosts 2027 Benefits by 3.6%, Adding $75 to Average Monthly Checks

Millions of Americans relying on Social Security are set to see their monthly payments rise by 3.6% in 2027, an announcement made by the Social Security Administration (SSA) this Wednesday. This Cost-of-Living Adjustment (COLA), the largest in four years, means the average retired worker will receive an additional $75 each month, pushing their typical benefit from approximately $2,095 to $2,170. The increase, while a welcome relief for many, comes as beneficiaries continue to grapple with persistent inflation, following last year's 2.8% COLA that added about $56 to average checks.

Editorial Team1 min
Social Security Boosts 2027 Benefits by 3.6%, Adding $75 to Average Monthly Checks
Economy 10/15/2026

US Regulator: Major Banks 'Debanked' Conservatives Over Political Views

The U.S. Office of the Comptroller of the Currency (OCC) has dropped a bombshell report, revealing what it calls 'irrefutable evidence' that nine of the nation's biggest banks, including TD and BMO, have 'debanked' and discriminated against customers based on their political views, specifically targeting those associated with MAGA and conservative causes. This federal probe found that banks denied services and closed accounts using vague 'reputation risk' policies, often prioritizing ideology over sound financial judgment.

Editorial Team1 min
US Regulator: Major Banks 'Debanked' Conservatives Over Political Views
Economy 10/14/2026

Democrats Seize Economic Edge: Independents Shift Trust Ahead of Trump's Midterms

In a significant shift that could reshape the upcoming November midterm elections, Democrats have, for the first time since 2012, established a clear advantage over Republicans on the critical issue of economic prosperity, according to a recent Gallup poll. This surprising turn sees 51% of Americans trusting Democrats more to keep the country prosperous, compared to 37% for Republicans. Crucially, Democrats now hold a dominant 18-point lead among independent voters, a group both parties desperately need to win in what is shaping up to be a challenging election year for President Donald Trump's administration.

Editorial Team1 min
Democrats Seize Economic Edge: Independents Shift Trust Ahead of Trump's Midterms
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