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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 5/19/2026

Orissa High Court warns of strict action over delayed pensions in aided schools

The Orissa High Court has issued a stark warning to the Odisha state government regarding delayed pension benefits for staff in non-government aided educational institutions, setting a strict May 21 deadline for a progress report. A division bench, comprising Justices Krishna S Dixit and Chittaranjan Dash, threatened punitive action against members of a high-power panel if lapses are found, also demanding disclosure of their names. This judicial intervention follows a January 2024 single-judge bench ruling affirming pension entitlements for staff receiving grants-in-aid since 2004, an order the state subsequently challenged via a writ appeal.

Editorial Team1 min
Orissa High Court warns of strict action over delayed pensions in aided schools
Economy 5/19/2026

Japan's economy expands at a 2.1% annual pace, boosted by consumer spending

Japan's economy expanded at an annualized rate of 2.1% in the first quarter (January-March), largely propelled by a significant surge in consumer spending. Government data released Tuesday indicates a 0.5% real gross domestic product (GDP) growth quarter-on-quarter, marking a crucial recovery after a period of contraction. This positive trajectory suggests a rebound in domestic demand for the world's third-largest economy.

Editorial Team1 min
Japan's economy expands at a 2.1% annual pace, boosted by consumer spending
Economy 5/19/2026

Petrol, Diesel Price LIVE Updates: Fuel rates hiked again by 90 paise/litre; second increase in under a week

On May 20, 2022, India experienced its second fuel price hike in under a week, with petrol and diesel rates increasing by up to 90 paise per litre across major cities like Delhi, Mumbai, Bengaluru, and Kolkata. This immediate surge pushed consumer costs higher, following a period of deferred price revisions by state-owned Oil Marketing Companies (OMCs) that had resumed daily adjustments earlier in the year. The move directly impacted millions of commuters and businesses, amplifying domestic economic pressures.

Editorial Team1 min
Petrol, Diesel Price LIVE Updates: Fuel rates hiked again by 90 paise/litre; second increase in under a week
Economy 5/19/2026

Cathie Wood Sells $28 Million Worth Of AMD And TSMC Shares, Loads Up On Nvidia, Tesla And Flying Taxis

Cathie Wood's Ark Invest has actively reshaped its portfolio, offloading an estimated $28 million worth of shares from semiconductor giants AMD and TSMC. This strategic divestment includes significant trims to AMD holdings, totaling over 38,500 shares valued at $16.2 million, following CEO Lisa Su's recent engagement with China's vice premier amid rising server CPU demand for AI. Concurrently, Ark bolstered positions in high-conviction growth areas, notably increasing stakes in AI leader Nvidia, electric vehicle pioneer Tesla, and emerging "flying taxi" companies like Archer Aviation and Joby Aviation, alongside a significant new investment in crypto platform Bullish Inc.

Editorial Team1 min
Cathie Wood Sells $28 Million Worth Of AMD And TSMC Shares, Loads Up On Nvidia, Tesla And Flying Taxis
Economy 5/19/2026

Record Oil Draw Cuts US Reserve to 2-Year Low

The United States recently reported a record outflow from its Strategic Petroleum Reserve (SPR), with 9.9 million barrels of crude oil released last week. This substantial draw, confirmed by Department of Energy data on Monday, has depleted the nation's emergency oil stash to approximately 374 million barrels, marking a two-year low for the reserve.

Editorial Team1 min
Record Oil Draw Cuts US Reserve to 2-Year Low
Economy 5/19/2026

Bank of Russia’s assets to remain frozen — Euroclear

Euroclear, a prominent international securities depository, has confirmed that the Bank of Russia's assets will remain frozen. This decision follows Euroclear's refusal to recognize the jurisdiction of a Russian court and its assertion that the Russian Central Bank's claim is not valid under EU law.

Editorial Team1 min
Bank of Russia’s assets to remain frozen — Euroclear
Economy 5/19/2026

PlayStation Plus prices hike across all subscription tiers, Sony cites "ongoing market conditions" - Sportskeeda Tech

Sony has announced significant price increases across all PlayStation Plus subscription tiers globally, effective September 2023. Annual subscriptions for Essential, Extra, and Premium/Deluxe services have seen substantial hikes, with some regions like the UK and India experiencing notable increases, directly impacting millions of PlayStation users who rely on the service for online multiplayer, monthly games, and other benefits.

Editorial Team1 min
PlayStation Plus prices hike across all subscription tiers, Sony cites "ongoing market conditions" - Sportskeeda Tech
Economy 5/19/2026

Student nurses cutting back on food and bills as lifetime of debt fears grow

A recent survey reveals that nearly all student nurses in the UK are experiencing financial anxiety, with over half forced to reduce spending on food or essential bills to manage the escalating cost of living. This widespread hardship fuels growing concerns among future healthcare professionals about accumulating significant lifetime debt even before entering their careers.

Editorial Team1 min
Student nurses cutting back on food and bills as lifetime of debt fears grow
Economy 5/19/2026

Ford lands its first customer for energy business. Buy this pivot by the auto giant?

Ford has secured its first customer for its newly launched Ford Energy unit, marking a strategic move by the legacy automaker to diversify beyond traditional vehicle manufacturing into the rapidly evolving energy sector. This unit will initially focus on integrating home energy management and bi-directional charging solutions, leveraging Ford's growing Electric Vehicle (EV) fleet.

Editorial Team1 min
Ford lands its first customer for energy business. Buy this pivot by the auto giant?
Economy 5/19/2026

$100 Invested In iShares S&P 500 Growth ETF 20 Years Ago Would Be Worth This Much Today

The iShares S&P 500 Growth ETF (IVW) has demonstrated significant market outperformance over the past two decades, delivering an average annual return of 11.7% and surpassing the broader market by 2.56% on an annualized basis. This means a hypothetical $100 investment in IVW 20 years ago would now be valued at $925.06.

Editorial Team1 min
$100 Invested In iShares S&P 500 Growth ETF 20 Years Ago Would Be Worth This Much Today
Economy 5/19/2026

Utz Brands Brings Full Snack Aisle Firepower to Sweets & Snacks Expo 2026

Utz Brands, a prominent U.S. salty snack manufacturer, announced its plans to showcase its most extensive product lineup yet at the 2026 Sweets & Snacks Expo, scheduled for May 19–21 at the Las Vegas Convention Center. The company intends to highlight its diverse portfolio, including better-for-you options, kettle chips, tortilla chips, and pretzels, aiming to align with evolving consumer demands for innovative snack products.

Editorial Team1 min
Utz Brands Brings Full Snack Aisle Firepower to Sweets & Snacks Expo 2026
Economy 5/19/2026

UK facing bigger mortgage shock than the US or Europe - The Times

The UK is currently facing a significantly more severe mortgage crisis compared to the United States or other European nations, primarily due to a substantial portion of its homeowners being on shorter-term fixed-rate deals that are now resetting at much higher interest rates. This situation is pushing average monthly mortgage payments up sharply, with one report citing an increase of nearly £350 since recent Middle East instability began.

Editorial Team1 min
UK facing bigger mortgage shock than the US or Europe - The Times
Economy 5/19/2026

He Found a Way to 10x His Company’s Revenue Stream — And Smart Business Owners Are Doing It, Too

Major restaurant chains including Bojangles, Cracker Barrel, and McAlister's Deli are aggressively expanding their catering services, signaling a growing industry trend focused on tapping into increased corporate and group food spending. This strategic pivot is highlighted as a potent method for these established brands to significantly boost their overall revenue streams.

Editorial Team1 min
He Found a Way to 10x His Company’s Revenue Stream — And Smart Business Owners Are Doing It, Too
Economy 5/18/2026

NFO Alert: Edelweiss Mutual Fund’s Altiva SIF to launch Equity Ex-Top 100 Long-Short Fund

Edelweiss Mutual Fund has launched its second Altiva SIF offering, the Altiva Equity Ex-Top 100 Long-Short Fund. This New Fund Offer (NFO) aims to achieve long-term capital appreciation by investing in small and midcap companies, specifically those outside the top 100 by market capitalization, utilizing an Equity Long-Short Strategy.

Editorial Team1 min
NFO Alert: Edelweiss Mutual Fund’s Altiva SIF to launch Equity Ex-Top 100 Long-Short Fund
Economy 5/18/2026

Evening Wrap: ASX 200 slumps as spike in global bond yields triggers major reset for gold and mining stocks - Market Index

The Australian equity market (ASX 200) experienced a significant decline, primarily driven by a surge in global bond yields. This macroeconomic shift triggered a substantial revaluation across the gold and broader mining sectors, leading to a "major reset" for these stocks. Concurrently, rising oil prices further unsettled markets, contributing to the ASX's losses, while specific corporate news saw companies like Elders, Brambles, and a David Teoh-linked telco experience sharp downturns.

Editorial Team1 min
Evening Wrap: ASX 200 slumps as spike in global bond yields triggers major reset for gold and mining stocks - Market Index
Economy 5/18/2026

Fuel price hike just the start, more to come: Systematix report

A recent report by Systematix, a prominent Indian financial services group, warns that India's economy faces significant inflationary pressures, projecting that a recent Rs 3 fuel price hike is merely the first in a series. The report specifically forecasts that Wholesale Price Index (WPI) inflation could surge past 10%, with consumer retail prices inevitably following suit.

Editorial Team1 min
Fuel price hike just the start, more to come: Systematix report
Economy 5/18/2026

State lawmakers race against the clock before end of legislative session

State legislative bodies across the nation are currently engaged in a high-stakes sprint to finalize and pass critical legislation before their respective sessions officially conclude. The push involves intense negotiations and strategic maneuvers to advance hundreds of bills covering a wide range of policy areas, with many assemblies facing 'midnight deadlines' in the coming days or weeks.

Editorial Team1 min
State lawmakers race against the clock before end of legislative session
Economy 5/18/2026

Jim Chalmers' refuses to back down from changes to tax system despite voter backlash for breaking election promise

Australian Treasurer Jim Chalmers and the Albanese government are firmly defending significant changes to the nation's tax system, despite facing considerable voter backlash for reneging on a key election promise. The reforms involve a substantial overhaul of the previously legislated Stage 3 tax cuts, originally set to commence in July 2024, with the government insisting the revisions are essential for the current economic climate.

Editorial Team1 min
Jim Chalmers' refuses to back down from changes to tax system despite voter backlash for breaking election promise
Economy 5/18/2026

Iran, Inflation and Jobs: New Poll Spells Trouble for Trump

A new national poll reveals significant economic discontent among American voters, with three-quarters of respondents stating their wages have not kept pace with rising living costs. This dissatisfaction is largely attributed to persistent inflation and climbing gas prices, which are directly linked to ongoing geopolitical tensions involving Iran.

Editorial Team1 min
Iran, Inflation and Jobs: New Poll Spells Trouble for Trump
Economy 5/18/2026

Elon Musk Accused Of Building 'Most Management-Favorable' IPO Structure At SpaceX: Report

Top pension officials from New York and California have formally expressed grave concerns to SpaceX CEO Elon Musk, alleging that the company is crafting an initial public offering (IPO) structure designed to be “management-favorable.” This structure, described as “extreme,” is intended to concentrate control with Musk, potentially at the expense of common shareholders and the robust governance standards typically expected from publicly traded companies.

Editorial Team1 min
Elon Musk Accused Of Building 'Most Management-Favorable' IPO Structure At SpaceX: Report
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