latest news in economy
India More Than Doubles Gold and Silver Import Taxes to Shield the Rupee
New Delhi, Wednesday, 13 May 2026.
India raised gold and silver import taxes to 15 percent to stabilize the rupee, though experts warn this aggressive hike could unintentionally trigger a massive resurgence in illegal smuggling.
Historic 2026 Super El Niño Forecast Signals Major Disruptions for US Economy
Washington D.C., Tuesday, 12 May 2026.
A rapidly developing Super El Niño, potentially the strongest in modern history, threatens US supply chains and agriculture in late 2026, demanding immediate risk management from business leaders.
Nobel Laureate Warns Artificial Intelligence is Accelerating Global Disinformation
Canberra, Tuesday, 12 May 2026.
A Nobel laureate’s May 2026 economic model reveals AI-driven disinformation is a top national security threat, as unregulated digital platforms prioritize profitable sensationalism over factual accuracy.
Jerome Powell Steps Down as Fed Chair but Breaks a 75-Year Precedent to Stay on the Board
Washington, Monday, 11 May 2026.
Exiting Federal Reserve Chair Jerome Powell is breaking 75 years of precedent by remaining on the board of governors to safeguard the central bank’s independence against political pressure.
Why 400 Years of Data Proves Economic Recessions Are Unpredictable
New York, Monday, 11 May 2026.
Tyler Goodspeed’s analysis of 400 years of economic history reveals recessions are random shocks, not predictable cycles. Businesses must build structural resilience instead of relying on flawed forecasting.
Maryland Challenges $2 Billion Power Grid Levy for Out-of-State AI Facilities
Annapolis, Sunday, 10 May 2026.
In May 2026, Maryland formally contested a $2 billion grid upgrade fee, arguing local consumers shouldn’t finance out-of-state AI data centers. This dispute could redefine national infrastructure funding.
