latest news in economy
Amazon Faces Scrutiny as Worker Assistance Triples Amid Profits
Seattle, Monday, 14 September 2026.
Despite Amazon generating a record $717 billion in revenue, government data reveals the number of its warehouse employees relying on food stamps has tripled, highlighting a historic national shift toward shrinking worker compensation.
Global Oil Price Spike Shields Canada From United States Trade Tariff Damage
Ottawa, Monday, 14 September 2026.
Middle East supply disruptions pushed crude past $100 per barrel in September 2026, generating energy revenues that fully offset Canada’s economic losses from new United States trade tariffs.
Wall Street Urges Investors to Hold Stocks Amid Soaring Rates and Oil Pressures
New York, Sunday, 13 September 2026.
Despite 10-year Treasury yields approaching 5% and oil topping $100 per barrel, major financial institutions advise staying in U.S. equities, citing solid corporate earnings amidst late-1990s dot-com era parallels.
American Real Wages Fall as Technology Adoption Pressure Accelerates
Washington, Sunday, 13 September 2026.
Inflation-adjusted U.S. wages fell 0.4% year-over-year through June 2026. Strikingly, labor’s share of business income dropped to 52.8%, marking its lowest historical level since 1947 as automation reshapes workforce economics.
Middle East Oil Shocks and Rising Power Bills Drive Surge in Home Solar Adoption
Riyadh, Sunday, 13 September 2026.
A Saudi pipeline attack pushing crude oil over $104 per barrel alongside rising US electricity rates is driving households and businesses toward home solar and electric vehicles for energy independence.
Why New Tariffs on Canadian Oil Threaten Midwest Fuel Supply
Chicago, Sunday, 13 September 2026.
U.S. Midwest refineries cannot process domestic crude without billions in upgrades. Proposed tariffs on discounted Canadian oil risk sparking severe regional energy shortages and driving fuel prices higher.
Paramount Threatens California Exit, Risking 58,000 Jobs and $21 Billion Annual Loss
Los Angeles, Sunday, 13 September 2026.
A leaked report reveals Paramount’s potential exit from California could permanently eliminate up to 58,000 jobs and $21.2 billion in annual economic output amid a contentious merger dispute.