latest news in economy
Federal Reserve Official Signals Potential Interest Rate Hikes as Inflation Stays High
Anchorage, Thursday, 20 August 2026.
Federal Reserve Governor Lisa Cook warned that interest rates could rise if persistent inflation fails to cool, driven by high energy costs and surging artificial intelligence spending.
Federal Tariffs Split U.S. Manufacturing Into Clear Winners and Losers
Washington, Wednesday, 19 August 2026.
U.S. tariffs have created a sharp economic divide: protected metal and transport sectors gained 41,000 jobs in 2026, while rising input costs eliminated 32,000 jobs in non-protected industries.
Artificial Intelligence Disruption Drives Record Wave of New American Businesses
New York, Wednesday, 19 August 2026.
Driven by artificial intelligence workplace shifts, US business applications reached a record six million over the past year, as displaced workers launch tech-enabled startups to secure financial independence.
American Student Test Scores Drop as Workplaces Demand Artificial Intelligence Skills
Washington, Wednesday, 19 August 2026.
Despite a 140 percent surge in per-student spending, U.S. test scores are plunging just as over a third of entry-level jobs require artificial intelligence skills, threatening workforce readiness.
Federal Regulators Block Major Construction Glue Merger to Protect Housing Costs
Washington, Wednesday, 19 August 2026.
A federal court blocked Henkel’s $725 million purchase of Liquid Nails, marking a landmark victory where regulators directly secured a permanent injunction to prevent higher home construction costs.