latest news in economy
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.
Federal Disaster Loans Opened for Texas Businesses Following August Tornadoes
Austin, Sunday, 13 September 2026.
Following severe storms on August 28, 2026, the SBA declared a disaster in Texas on September 10, unlocking low-interest relief loans for affected businesses in Bexar and surrounding counties.
Mexican Peso Holds Firm Below 17 Per Dollar Despite US Inflation Pressures
Mexico City, Saturday, 12 September 2026.
The Mexican peso maintained stability at 16.97 per dollar entering mid-September 2026, resiliently holding below 17 units despite accelerating United States inflation that strengthens expectations for Federal Reserve rate hikes.
Record Diesel Prices Threaten to Drive Up Everyday Living Costs Across America
Washington, Saturday, 12 September 2026.
U.S. diesel prices have surpassed $6 per gallon, adding $300 million in daily transportation expenses and driving up consumer food prices while triggering expected interest rate hikes.
European Central Banks Are Withdrawing Gold Reserves From American Vaults
New York, Saturday, 12 September 2026.
European central banks are shifting hundreds of tonnes of gold out of the U.S., driven by global geopolitical tensions and the strategic need for immediate asset control during financial crises.