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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

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20 results
Economy 10/3/2026

IRS Chief: Trump Accounts Poised to Reach 70 Million Children Via Auto-Enrollment Push

The Internal Revenue Service (IRS) is rapidly expanding its groundbreaking 'Trump Accounts' program, with IRS CEO Frank Bisignano projecting a massive reach of 70 million auto-enrolled children by mid-October. This ambitious target follows the recent implementation of automatic enrollment, which is dramatically boosting participation after initial sign-ups saw millions of eligible children left out. Already, 25 million of these accounts have received initial funding, highlighting significant traction in the program's early stages.

Editorial Team1 min
IRS Chief: Trump Accounts Poised to Reach 70 Million Children Via Auto-Enrollment Push
Economy 10/3/2026

RBI Governor: India Can Weather Global AI Financial Storms, Attracting Capital Inflows

Reserve Bank of India (RBI) Governor Sanjay Malhotra announced today that India is well-positioned to navigate global financial turbulence, particularly risks stemming from potentially overvalued Artificial Intelligence (AI) assets, rising debt, and growing cybersecurity threats. Speaking at the Kautilya Economic Conclave, Malhotra highlighted that a correction in AI valuations within advanced economies could redirect crucial capital flows toward resilient Indian markets, offering a silver lining amidst international volatility.

Editorial Team1 min
RBI Governor: India Can Weather Global AI Financial Storms, Attracting Capital Inflows
Economy 10/3/2026

Weak Jobs Report Calms Rate Hike Fears, But Wall Street's 5% Yield Battle Continues

Wall Street breathed a sigh of relief on Friday as a surprisingly weak September jobs report drastically cooled expectations for another Federal Reserve interest rate hike in October. The U.S. economy added a mere 29,000 jobs, far below forecasts, pushing the unemployment rate slightly higher and sending stocks soaring while easing the pressure on surging Treasury yields.

Editorial Team1 min
Weak Jobs Report Calms Rate Hike Fears, But Wall Street's 5% Yield Battle Continues
Economy 10/3/2026

Global Trade Tensions Flare: G20 Nations Buck US on Industrial Overcapacity

A 'handful' of major global economies, members of the G20, have rejected the United States' urgent plea to tackle growing excess industrial capacity and certain 'non-market policies'. This clear division emerged from a G20 trade ministers' meeting that concluded Friday in Milwaukee, exposing significant cracks in international economic cooperation and leaving the US G20 presidency 'severely disappointed'.

Editorial Team1 min
Global Trade Tensions Flare: G20 Nations Buck US on Industrial Overcapacity
Economy 10/3/2026

Trump Drops Diesel Export Ban as G7 Mobilizes 100 Million Barrels to Stabilize Markets

In a swift turn of events, Donald Trump has backed away from his controversial threat to ban U.S. diesel exports, a move that could have crippled global energy markets. This decision comes after G7 nations, led by French President Emmanuel Macron, agreed to immediately release a massive 100 million barrels of crude oil and refined products, focusing heavily on diesel, from their emergency reserves over the next four months. The coordinated action signals a strong international effort to stabilize soaring fuel prices and avert a major supply crisis.

Editorial Team1 min
Economy 10/3/2026

Holiday Travel Hell: Sky-High Airfares Hit Decade Peak as Fuel Costs Explode

Americans hoping to visit family this Thanksgiving and Christmas are facing a significant hit to their wallets, as a new report from travel website Hopper reveals holiday airfares are at a decade-high. This dramatic surge in prices is largely due to persistently elevated jet fuel costs, a direct consequence of the ongoing Iran war and the critical disruption of Middle Eastern oil flows. Hopper's 2026 Holiday Travel Index, published on September 24, highlights the steepest ticket prices in ten years, making holiday travel planning a costly affair.

Editorial Team1 min
Holiday Travel Hell: Sky-High Airfares Hit Decade Peak as Fuel Costs Explode
Economy 10/3/2026

Robinhood's Tokenized Stocks Fuel $440M Memecoin Frenzy on Its Blockchain

Retail traders are once again making waves, this time by funneling over US$440 million into a new memecoin frenzy on Robinhood Chain, the trading giant's own blockchain network. This surge is being fueled by the direct pairing of highly speculative memecoins with 'stock tokens,' digital assets that represent real company shares, marking a significant crossover between traditional equities and the volatile world of decentralized finance. The latest data indicates that trading volume in these memecoin-stock token pairs significantly exceeded direct stock token trading on the same day in early September, showcasing a powerful new layer of market speculation.

Editorial Team1 min
Robinhood's Tokenized Stocks Fuel $440M Memecoin Frenzy on Its Blockchain
Economy 10/3/2026

UK Flats Face Real-Terms Losses as 'Perfect Storm' Hits Property Market

The UK property market is currently enduring a tough period, with flats particularly hard hit, seeing prices fall in many regions and experiencing significant real-terms losses. While the national average house price growth slowed to a mere 0.8% annually in September 2026, the value of flats is dropping in nine out of eleven UK regions, with an average decline of 1.3% (£2,600) over the past year. This stark underperformance indicates that many flat owners are likely selling for less than their original purchase price when inflation is taken into account.

Editorial Team1 min
UK Flats Face Real-Terms Losses as 'Perfect Storm' Hits Property Market
Economy 10/3/2026

Canadian Resolve Holds Strong: 'Buy Canadian' Movement Endures Amid Escalating Trade War

The 'Buy Canadian' movement is holding strong, nineteen months after former President Donald Trump ignited a fierce trade war with Canada in February 2025. A fresh poll from Abacus Data reveals that a significant 77% of Canadians remain committed to avoiding American products, a figure barely budging from when the tariffs first hit, even as cross-border economic tensions hit new highs. This unwavering consumer sentiment underscores a deeper national resolve amidst a rapidly escalating tit-for-tat tariff battle.

Editorial Team1 min
Canadian Resolve Holds Strong: 'Buy Canadian' Movement Endures Amid Escalating Trade War
Economy 10/2/2026

Hong Kong Retail Roars Back: 16 Months of Growth Fuelled by Online Boom & Tourism

Hong Kong's retail sector is on a sustained upswing, with August sales jumping 5.6% year-on-year to HK$32.1 billion, marking an impressive 16th consecutive month of growth. This performance outstripped market expectations and signals a robust consumer comeback, with online transactions and key segments like electrical goods leading the charge.

Editorial Team1 min
Hong Kong Retail Roars Back: 16 Months of Growth Fuelled by Online Boom & Tourism
Economy 10/2/2026

Jaecoo 7 Reigns in UK as Chinese Brands Drive Towards Quarter of Car Market

The Jaecoo 7 SUV has revved its way to the top, becoming the UK's best-selling new car in September 2026, marking its second monthly win this year. This stunning performance underscores a seismic shift in the British automotive landscape, where Chinese brands collectively command nearly a quarter of the market, elbowing out established players at an unprecedented pace. The Jaecoo 7, often playfully nicknamed the 'Temu Range Rover' for its affordable price and robust features, registered over 10,800 units last month, significantly outselling its closest rivals.

Editorial Team1 min
Jaecoo 7 Reigns in UK as Chinese Brands Drive Towards Quarter of Car Market
Economy 10/2/2026

Wall Street Braces for Q4 Volatility: Midterm Gridlock, Fed Hikes, and AI's Grip

US stock investors are on high alert as the final quarter of 2026 kicks off, facing a potent mix of November's looming Midterm Elections and a persistently hawkish Federal Reserve. While the S&P 500 and Nasdaq showed mixed signals after a volatile Q3, analysts warn that policy uncertainty and rising borrowing costs could dictate Wall Street's performance through year-end. This critical juncture sees market sentiment delicately balanced between historical Q4 strength and significant economic headwinds.

Editorial Team1 min
Wall Street Braces for Q4 Volatility: Midterm Gridlock, Fed Hikes, and AI's Grip
Economy 10/2/2026

US-Canada Trade War Intensifies: Trump's 'Bad Leaders' Slams Spark Economic Fallout

The long-simmering trade dispute between the United States and Canada has boiled over, with President Donald Trump escalating rhetoric against Canadian leaders he deems 'very bad' while new US import bans and retaliatory Canadian tariffs rip through key industries. Effective September 29, the US imposed a ban on nearly $1 billion worth of Canadian goods, including alcoholic beverages and dairy, just weeks after Canada launched its own 'dollar-for-dollar' counter-tariffs on US$20 billion in American products. This latest tit-for-tat has major business leaders, like Crystal Head Vodka co-founder Dan Aykroyd, openly stating the moves could 'kill' their companies.

Editorial Team1 min
Economy 10/2/2026

India-UAE Trade Surges in Local Currencies, Setting New De-Dollarization Benchmark

In a significant stride towards reducing reliance on the US Dollar, India and the UAE have announced that their bilateral trade settled in Indian Rupees and UAE Dirhams has now entered 'double digits.' Union Minister Piyush Goyal confirmed this milestone on Monday, September 28, 2026, emphasizing the growing acceptance and understanding of the Local Currency Settlement (LCS) Scheme by businesses in both nations. This development is a clear signal of both countries' commitment to strengthening their economic ties and establishing a more resilient financial framework for cross-border transactions.

Editorial Team1 min
Economy 10/2/2026

Green Steel Race Heats Up: GravitHy Taps Danieli for Hydrogen-Powered Iron Plant

A big move in the global push for cleaner manufacturing just happened! French company GravitHy, which focuses on making low-carbon iron, has officially teamed up with Italy's Danieli Group to build a massive direct reduction plant in Fos-sur-Mer, France. This plant is a game-changer, aiming to churn out 2 million tonnes of Hot-Briquetted Iron (HBI) every year using only green hydrogen, drastically cutting carbon pollution from steelmaking.

Editorial Team1 min
Green Steel Race Heats Up: GravitHy Taps Danieli for Hydrogen-Powered Iron Plant
Economy 10/1/2026

US Job Cuts Plummet to Four-Year Low, But AI Looms Large in Labor Market Shifts

The latest Challenger Job Cuts Report reveals a significant easing in layoffs across the U.S., with September 2026 seeing an 18% drop in job cuts from August and a 20% decline compared to the same time last year. This brings the total announced job cuts to 43,281, marking the lowest September figure since 2022 and suggesting a surprisingly stable labor market despite ongoing global uncertainties.

Editorial Team1 min
US Job Cuts Plummet to Four-Year Low, But AI Looms Large in Labor Market Shifts
Economy 10/1/2026

Lifesaving Medicaid Meal Programs Face Deep Cuts Amidst Policy Tug-of-War

Across the United States, medically tailored meal programs, proven to slash healthcare costs and dramatically improve patient health, are staring down a funding cliff. Despite compelling new research confirming their economic and medical benefits, federal budget cuts, particularly the massive $900 billion reduction to Medicaid funding from the 2025 'One Big Beautiful Bill Act', are forcing states to eye these vital services for the chopping block. The tug-of-war highlights a growing conflict between evidence-based health interventions and fiscal austerity, directly impacting millions of vulnerable Americans.

Editorial Team1 min
Lifesaving Medicaid Meal Programs Face Deep Cuts Amidst Policy Tug-of-War
Economy 10/1/2026

Australia's Tax Office Dumps Credit Cards as Surcharge Ban Kicks In

Australian taxpayers can no longer pay their dues to the Australian Taxation Office (ATO) via credit card after November 30, 2026, a direct consequence of the Reserve Bank of Australia's (RBA) ban on card payment surcharges which became effective October 1, 2026. This landmark policy shift means businesses can no longer charge customers extra for using cards, forcing the ATO, a government agency, to cease credit card acceptance rather than absorb the associated merchant fees. The move signals a broader shake-up in Australia's payment landscape, impacting millions of cardholders and businesses.

Editorial Team1 min
Australia's Tax Office Dumps Credit Cards as Surcharge Ban Kicks In
Economy 10/1/2026

India, US Push Hard for Interim Trade Deal Amid G20 Talks in Milwaukee

India's Commerce Minister Piyush Goyal and US Trade Representative Jamieson Greer held critical talks in Milwaukee on Wednesday, September 30, 2026, pushing for an 'early conclusion of a mutually beneficial interim trade agreement' between the two nations. The high-stakes meeting, taking place on the sidelines of the G20 Trade Ministerial, signals a renewed bilateral drive to finalize a long-pending deal designed to significantly boost trade flows.

Editorial Team1 min
India, US Push Hard for Interim Trade Deal Amid G20 Talks in Milwaukee
Economy 10/1/2026

Cooler August Inflation Softens October Fed Hike Bets, But December Looms

Traders are rethinking the Federal Reserve's immediate next move after cooler-than-expected August inflation data and cautious words from a top Fed official significantly dampened expectations for an October interest rate hike. The latest Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, showed its year-over-year climb eased, causing shorter-term US Treasury yields to pull back from recent highs on Wednesday. This shift suggests the market now sees less than an even chance of a rate increase at the Fed's upcoming meeting.

Editorial Team1 min
Cooler August Inflation Softens October Fed Hike Bets, But December Looms
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