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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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All Stories

Economy

1239 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 7/1/2026

Gold's Paradox: Falling Prices Amidst Shaky Peace, Hawkish Fed, and Dollar Strength

Gold is currently facing unexpected headwinds, with prices tumbling below the key $4,000 per ounce mark for the first time since November 2025, even as a fragile peace deal between the US and Iran struggles to hold. This sharp decline, marking gold's worst quarterly loss since 2013, is mainly driven by a strengthening US Dollar and the Federal Reserve's tough stance on interest rates. Usually, global tensions make gold shine as a 'safe haven,' but this time, investors are more worried about how these events fuel inflation and prompt central banks to keep rates high.

Editorial Team1 min
Gold's Paradox: Falling Prices Amidst Shaky Peace, Hawkish Fed, and Dollar Strength
Economy 7/1/2026

US Consumer Confidence Rises on Cheaper Gas, But Job Market Fears Deepen

US consumer confidence saw a modest uptick in June, buoyed by declining gasoline prices, yet a growing sense of unease about the job market cast a shadow over this fragile optimism. The Conference Board's Consumer Confidence Index (CCI) nudged up by 0.6 points to 91.2, a rebound that still fell short of economists' predictions and signaled a mixed bag for the American economy heading into summer. This slight boost in mood is largely attributed to an extended US-Iran ceasefire agreement, which has sent oil and, consequently, gasoline prices lower, offering some relief to household budgets.

Editorial Team1 min
US Consumer Confidence Rises on Cheaper Gas, But Job Market Fears Deepen
Economy 6/30/2026

Hormuz: Tankers Return, But Fresh Attacks Keep Global Oil Markets on Edge

After months of near-paralysis following a fierce conflict, the Strait of Hormuz is seeing a welcome, albeit cautious, return of maritime traffic. Commercial vessel transits have surged by over 50% in the last two weeks, with supertankers and crude carriers re-entering the Persian Gulf in significant numbers, hinting at renewed confidence among shipowners. This follows a mid-June interim peace deal and a Memorandum of Understanding between the US and Iran aimed at de-escalating the February 2026 'Iran War' that had brought global oil flows to a near standstill.

Editorial Team1 min
Hormuz: Tankers Return, But Fresh Attacks Keep Global Oil Markets on Edge
Economy 6/30/2026

China's Local Officials Caught Falsifying Data, Diverting Billions Amid Debt Crisis

China's top auditors have just uncovered widespread financial deception by local officials and major state-backed banks, revealing a startling depth of data falsification. Recent reports from late June 2026 show dozens of county governments diverted nearly $3.9 billion (27.948 billion yuan) meant for rural development to pay off debts and fund state enterprises. Separately, two of China's largest state-owned banks, Bank of China and Agricultural Bank of China, were flagged for tax evasion and improper loans, totaling billions more.

Editorial Team1 min
China's Local Officials Caught Falsifying Data, Diverting Billions Amid Debt Crisis
Economy 6/30/2026

Oil Plummets as US-Iran Peace Talks Ignite Hopes Amidst Mideast Tensions

Global oil markets took a significant tumble today, with Brent crude futures sliding to around $72.50 a barrel, a roughly 1% drop by Monday morning. This downturn comes as investors eagerly anticipate ongoing US-Iran talks, hoping for de-escalation after a volatile period in the Middle East that saw Brent prices fall nearly 11% last week. The recent instability, stemming from a US-Israeli conflict with Iran earlier this year, has nevertheless seen crude shipments through the critical Strait of Hormuz rise to their highest levels since the conflict began, signaling a fragile return to normalcy.

Editorial Team1 min
Oil Plummets as US-Iran Peace Talks Ignite Hopes Amidst Mideast Tensions
Economy 6/30/2026

Supreme Court Reshapes Regulatory Power: President Can Fire FTC Chiefs, Fed Stays Independent

The U.S. Supreme Court just dropped two bombshell rulings, drastically altering the landscape of federal regulatory power. In a major win for presidential authority, the Court decided that the President can fire leaders of the Federal Trade Commission (FTC) at will, overturning a nearly century-old safeguard. However, in a separate but equally critical decision, the Court largely upheld the independence of the Federal Reserve, a move economists say is vital for a stable economy.

Editorial Team1 min
Supreme Court Reshapes Regulatory Power: President Can Fire FTC Chiefs, Fed Stays Independent
Economy 6/30/2026

US-Canada Tariff Deal Unlikely Before Midterms, Says Former Trade Chief

Canada's former chief trade negotiator, Steve Verheul, has poured cold water on hopes for a quick tariff deal with Washington, stating on Monday that a breakthrough is unlikely before the pivotal U.S. midterm elections in November. This forecast comes as the Canada-U.S.-Mexico Agreement (CUSMA) faces a critical review tomorrow, July 1, 2026, amid ongoing trade tensions under President Donald Trump's administration. The remarks highlight persistent uncertainty for North American trade as both nations grapple with President Trump's aggressive protectionist policies and upcoming political contests in the U.S..

Editorial Team1 min
US-Canada Tariff Deal Unlikely Before Midterms, Says Former Trade Chief
Economy 6/30/2026

Supreme Court Splits on Firing Power: Fed Governor Cook Stays, Other Agency Chiefs Vulnerable

The Supreme Court delivered a split decision that both upheld and curbed presidential power on Monday, allowing Federal Reserve Governor Lisa Cook to keep her job for now while simultaneously granting President Donald Trump broader authority to fire heads of other independent agencies. In a 5-4 ruling in 'Trump v. Cook', the justices sided with Cook, stating that Trump failed to follow proper procedures by not giving her due process before attempting to remove her over unproven mortgage fraud allegations. This move is a major win for the Federal Reserve's long-standing independence, ensuring crucial economic decisions remain free from immediate political interference.

Editorial Team1 min
Supreme Court Splits on Firing Power: Fed Governor Cook Stays, Other Agency Chiefs Vulnerable
Economy 6/30/2026

South Korea Unleashes 'Second Wave' Investment in India, Eyes Strategic Sectors

South Korea is set to launch a significant 'second wave' of investment into India, focusing sharply on strategic sectors like shipbuilding, defence manufacturing, and broader industrial collaboration. Ambassador Lee Seong-ho announced this pivotal shift, signaling a move beyond the traditional automotive and electronics investments that defined the first wave in the 1990s. This renewed commitment comes amidst a flurry of high-level diplomatic engagements in early 2026, including a state visit by President Lee Jae-myung, underscoring India's rising importance in Seoul's global diversification strategy.

Editorial Team1 min
South Korea Unleashes 'Second Wave' Investment in India, Eyes Strategic Sectors
Economy 6/29/2026

Stablecoins, Tokenized Assets: Private Sector's Unexpected Fix for US Debt Woes, UOB Says

Singapore's United Overseas Bank (UOB) recently highlighted an emerging trend: stablecoins and tokenized assets are becoming an unexpected but crucial new class of private sector buyers for U.S. government debt. This shift is quietly providing a backstop for U.S. Treasurys, especially as traditional foreign government buyers step back from holding U.S. bonds. UOB sees this as a potential solution to the U.S.'s 'slow burning overhang' in its fiscal situation.

Editorial Team1 min
Stablecoins, Tokenized Assets: Private Sector's Unexpected Fix for US Debt Woes, UOB Says
Economy 6/29/2026

RBA Holds Firm on Rates as Stubborn Inflation Pushes Cuts to Distant Horizon

The Reserve Bank of Australia (RBA) opted to hold its official Cash Rate steady at 4.35% at its June 2026 meeting, following three earlier rate hikes this year. This decision comes despite Australian Treasurer Jim Chalmers highlighting a lower-than-expected peak in headline inflation, now anticipated around 4.25% by mid-year. However, the RBA's Monetary Policy Board remains squarely focused on persistent underlying inflation, which surprisingly nudged higher to 3.6% in May, keeping the central bank on high alert.

Editorial Team1 min
RBA Holds Firm on Rates as Stubborn Inflation Pushes Cuts to Distant Horizon
Economy 6/29/2026

Spain's Stubborn Inflation Defies Energy Price Hopes, Pressuring ECB

Spain's inflation rate unexpectedly held firm at 3.6% in June (EU-harmonised measure), stubbornly defying expectations for a slowdown and remaining significantly above the European Central Bank's 2% target. This surprising stickiness comes despite earlier optimism that a US-Iran peace deal would significantly cool energy prices globally, which had indeed seen crude oil plummet. However, domestic electricity and gas costs continued to exert upward pressure, suggesting that price rises are proving harder to tame than anticipated.

Editorial Team1 min
Spain's Stubborn Inflation Defies Energy Price Hopes, Pressuring ECB
Economy 6/29/2026

Dark Pools Quietly Steer Global Markets: Institutional Moves Spark Tech Rally, Raise Transparency Alarms

Hidden trading activity within 'dark pools' significantly influenced the global markets in April 2026, as institutional 'smart money' quietly accumulated major tech stocks like NVIDIA, Apple, and Microsoft, fueling a massive S&P 500 and Nasdaq 100 breakout despite widespread public fear. This invisible accumulation, primarily visible through spikes in dark pool buying, acted as a crucial support during a Q1 market sell-off, demonstrating how these opaque venues are actively dictating market direction.

Editorial Team1 min
Dark Pools Quietly Steer Global Markets: Institutional Moves Spark Tech Rally, Raise Transparency Alarms
Economy 6/29/2026

Gold Dips as Mideast Tensions Cool, Oil Stabilizes

Gold prices are taking a significant hit, correcting approximately 25% from their January 2026 highs, as a fragile de-escalation in the Middle East has allowed crude oil prices to retreat to pre-war levels. This unexpected dip, bringing gold to around $4,150-$4,190 per ounce, defies the metal's traditional 'safe-haven' role amidst geopolitical unrest, signaling a complex interplay of a stronger US Dollar and the Federal Reserve's hawkish stance on interest rates.

Editorial Team1 min
Gold Dips as Mideast Tensions Cool, Oil Stabilizes
Economy 6/29/2026

Property market: Auction rates hit historic lows as wary buyers shun sales - Nine.com.au

Australia's property market is currently facing a tough reality: auction clearance rates have hit historic lows, a level not seen since the early days of the COVID-19 pandemic in April 2020. Major capital cities like Sydney and Melbourne are reporting clearance rates below 50% for the week ending June 29, 2026, with Cotality data showing a national preliminary rate of 49.2%, expected to drop further to around 40% once all results are in. This deep freeze in sales signals that wary buyers are shunning auctions, directly impacting market momentum.

Editorial Team1 min
Property market: Auction rates hit historic lows as wary buyers shun sales - Nine.com.au
Economy 6/29/2026

Cassidy Pushes $1.5 Trillion Social Security Rescue Plan

Senator Bill Cassidy, a Republican from Louisiana, is making a dramatic last-ditch effort to save Social Security, pushing a $1.5 trillion plan to prevent massive benefit cuts for millions of Americans by 2032. Facing the end of his Senate term in January 2027 after losing his primary, Cassidy's 'Big Idea' involves setting up a new investment fund to inject cash into the program without hiking payroll taxes on everyday workers.

Editorial Team1 min
Cassidy Pushes $1.5 Trillion Social Security Rescue Plan
Economy 6/29/2026

‘Indian H1-B holders are not...’: Immigration lawyer says waiting on green cards for years is pushing professionals towards UK

Indian professionals holding the coveted US H1-B visa are increasingly turning their gaze towards the United Kingdom, driven by agonizingly long green card queues and a rapidly shifting American immigration landscape. With the US Green Card backlog for Indian nationals now stretching to a fourteen-year wait for some categories and crucial US legislative proposals threatening further restrictions, the UK's Global Talent Visa offers a compelling, quicker path to permanent settlement. This isn't a mere preference; it's a strategic 'arithmetic' calculation by skilled engineers and researchers in their thirties, many with families established in the US, as noted by immigration lawyer Yash Dubal.

Editorial Team1 min
‘Indian H1-B holders are not...’: Immigration lawyer says waiting on green cards for years is pushing professionals towards UK
Economy 6/28/2026

Popular furniture company, house builder and 3 more fall into administration - The Mirror

A troubling wave of corporate collapses has swept across the UK, with prominent names like 150-year-old bed maker Airsprung, major housebuilder Devonshire Homes, and construction giant Ardmore Group among five companies recently falling into administration. This spate of insolvencies has resulted in significant job losses and stalled key projects, signaling deep-seated challenges within several crucial sectors of the British economy. The ongoing financial pressures underscore a difficult trading environment impacting businesses nationwide.

Editorial Team1 min
Popular furniture company, house builder and 3 more fall into administration - The Mirror
Economy 6/28/2026

Equity mutual funds fall up to 7% last week; international funds among worst hit

Global equity mutual funds just took a significant hit, falling up to 7% last week (June 22–June 27), with international funds bearing the brunt of the sell-off. Over 600 funds across the board landed in the red, signaling a broader market unease that saw investors pull back from riskier assets.

Editorial Team1 min
Equity mutual funds fall up to 7% last week; international funds among worst hit
Economy 6/28/2026

Social Security’s $30 trillion hole sparks tax debate

The clock is ticking for millions of American retirees: unless Congress acts quickly, Social Security is barreling toward an automatic 22% benefit cut for all recipients by late 2032. The dire warning comes straight from the 2026 Social Security Trustees Report, which confirmed the program's primary retirement fund faces a massive $30 trillion shortfall over the next 75 years. This isn't just a distant problem; it means current and future retirees could see an average monthly benefit slashed by about $500, fundamentally changing retirement for many.

Editorial Team1 min
Social Security’s $30 trillion hole sparks tax debate
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