latest news in economy

Halloween Candy Prices Surge as American Spending Reaches Record Highs

Halloween Candy Prices Surge as American Spending Reaches Record Highs

Washington, Monday, 12 October 2026.
Despite candy prices climbing 71 percent since 2021, resilient U.S. consumers are projected to spend a record $4.1 billion on sweets this Halloween season.

American Economists Win the 2026 Nobel Economics Prize

American Economists Win the 2026 Nobel Economics Prize

Stockholm, Monday, 12 October 2026.
American economists Robert E. Hall and Michael Woodford won the 2026 Nobel Economics Prize for pioneering research that reshaped modern central bank strategies and global interest rate policies.

South Korea Stocks Drop Sharply as Tech Shares Fall and Energy Costs Rise

South Korea Stocks Drop Sharply as Tech Shares Fall and Energy Costs Rise

Seoul, Monday, 12 October 2026.
The KOSPI index plunged 3.65 percent on October 12, 2026, driven by chipmaker sell-offs and Middle East tensions, despite Samsung’s record quarterly operating profit forecast of 107.4 trillion won.

Data Center Construction Drives US Economic Growth as Traditional Building Falls

Data Center Construction Drives US Economic Growth as Traditional Building Falls

Washington, Monday, 12 October 2026.
Data center construction surged 64.5 percent between August 2025 and 2026, acting as the sole engine of US expansion while traditional sectors, including manufacturing and residential building, sharply contracted.

Why Global Stock Markets Are Safe from a Major Crash

Why Global Stock Markets Are Safe from a Major Crash

London, Monday, 12 October 2026.
Coutts analysis shows low recession risks protect global stocks from a severe downturn, as strong corporate earnings growth helps companies justify higher valuations despite recent market swings.

IMF Spending Cut Mandates Leave Emerging Economies Twice as Vulnerable to Middle East Oil Shocks

IMF Spending Cut Mandates Leave Emerging Economies Twice as Vulnerable to Middle East Oil Shocks

Washington, Monday, 12 October 2026.
New analysis shows developing nations under IMF austerity face double the risk from Middle East war shocks, as mandated budget cuts severely limit their ability to protect citizens.

Why Internet Stocks Are Falling Behind Despite Market Gains

Why Internet Stocks Are Falling Behind Despite Market Gains

New York, Monday, 12 October 2026.
A sharp decline in pure-play internet stocks highlights growing investor concern over artificial intelligence disruption and heavy capital expenditure, contrasting sharply with broader stock market gains.

Global Stocks Rebound as Lower Bond Yields Ease Market Strain

Global Stocks Rebound as Lower Bond Yields Ease Market Strain

Frankfurt, Sunday, 11 October 2026.
Declining bond yields and a temporary drop in crude oil prices spurred a global stock market recovery, pushing Germany’s DAX up 1.2% while gold surged past $4,180 per ounce.

America's Debt Vulnerability Threatens Economic Stability

America's Debt Vulnerability Threatens Economic Stability

Washington, Sunday, 11 October 2026.
Former IMF chief economist Kenneth Rogoff warns that soaring U.S. debt leaves the economy dangerously unprepared for shocks, with debt servicing costs becoming the second-largest federal budget expense.

US Emergency Oil Reserve Drops to Lowest Level in 43 Years

US Emergency Oil Reserve Drops to Lowest Level in 43 Years

Washington, Sunday, 11 October 2026.
The United States emergency oil stockpile has fallen to a 43-year low of 331 million barrels, threatening energy security as Middle East conflict pushes global supply cushions to critical limits.