latest news in economy

Indiana Leads Midwest Housing Bounce with Surge in Home Construction Permits

Indiana Leads Midwest Housing Bounce with Surge in Home Construction Permits

Washington, Wednesday, 29 July 2026.
Indiana issued 1,995 single-family building permits in June 2026, climbing 10% year-over-year and outperforming neighboring Midwest states despite broader economic headwinds and high mortgage rates.

How Rising Living Costs Are Shaping the Economic Habits of Younger Workers

How Rising Living Costs Are Shaping the Economic Habits of Younger Workers

Washington, Wednesday, 29 July 2026.
While Baby Boomers worry about healthcare costs, Gen Z remains optimistic about long-term careers despite inflation, with nearly 75% choosing weekends at home to avoid financial regret.

Why Better Use of Existing Resources Is Driving the Current U.S. Business Boom

Why Better Use of Existing Resources Is Driving the Current U.S. Business Boom

San Francisco, Wednesday, 29 July 2026.
New economic data reveals that recent U.S. productivity gains stem from corporate capital efficiency rather than artificial intelligence, challenging key tech sector assumptions.

Canadian Travel to the United States Plummets as Tourists Choose Other Destinations

Canadian Travel to the United States Plummets as Tourists Choose Other Destinations

Washington, Wednesday, 29 July 2026.
A historic drop in Canadian visitors—the deepest decline since 1972 excluding the pandemic—cost the U.S. tourism sector $2.3 billion as travelers redirected their spending elsewhere.

Why Hospitals Are Planning Massive Upgrades to Their Supply Chain Systems

Why Hospitals Are Planning Massive Upgrades to Their Supply Chain Systems

Tampa, Wednesday, 29 July 2026.
A new report reveals 71% of healthcare providers plan major supply chain technology upgrades, shifting 2027 budgets to eliminate costly operational waste and clinical disruptions.

Commercial Property Deals Surpass Record Pace with 1.6 Billion Dollars in Mid-Year Sales

Commercial Property Deals Surpass Record Pace with 1.6 Billion Dollars in Mid-Year Sales

Dallas, Wednesday, 29 July 2026.
Despite high interest rates, SRS Capital Markets surpassed its record-breaking 2025 pace, securing 1.6 billion dollars in mid-year transactions and signaling robust commercial real estate demand.

Persistent Inflation and Energy Costs Push American Economic Sentiment Near Record Lows

Persistent Inflation and Energy Costs Push American Economic Sentiment Near Record Lows

Washington, Thursday, 30 July 2026.
Escalating fuel prices from ongoing Middle East conflicts pushed U.S. economic pessimism to 77% in July 2026, posing significant risks for consumer spending and policymakers.

Dow Drops Over 1,100 Points as Federal Reserve Holds Rates Steady

Dow Drops Over 1,100 Points as Federal Reserve Holds Rates Steady

Washington, Thursday, 30 July 2026.
The Dow tumbled 1,153 points on July 29, 2026, marking its worst day of the year after the Federal Reserve kept interest rates unchanged amid three dissenting votes for a hike.

Dow Jones Index Jumps 530 Points as Tech Stocks Slide

Dow Jones Index Jumps 530 Points as Tech Stocks Slide

New York, Tuesday, 28 July 2026.
On July 28, 2026, the Dow surged 530 points and Apple hit a historic five-trillion-dollar valuation, even as a massive semiconductor selloff dragged down the tech-heavy Nasdaq.

China's Surging Exports Are Driving Down Global Inflation

China's Surging Exports Are Driving Down Global Inflation

Beijing, Tuesday, 28 July 2026.
China’s surging exports are cooling global inflation, while a massive data discrepancy between Beijing and Washington points to widespread, systematic tariff avoidance by importers.