latest news in economy

U.S. Stock Futures Rise as Tech Investors Shrug Off Middle East Conflict

U.S. Stock Futures Rise as Tech Investors Shrug Off Middle East Conflict

New York, Thursday, 9 July 2026.
Nasdaq and S&P 500 futures rose on July 9, 2026, as a tech-led rebound overshadowed fears from President Trump declaring the U.S.-Iran ceasefire officially over.

South Korea's Stock Market Plunges into a Bear Market After Record Highs

South Korea's Stock Market Plunges into a Bear Market After Record Highs

Seoul, Thursday, 9 July 2026.
South Korea’s benchmark index entered a bear market on July 8, 2026, falling 22% from its June peak as a massive selloff in major microchip stocks erased historic gains.

Federal Reserve Pushes to Reform Rules as Mortgages Shift Away from Traditional Banks

Federal Reserve Pushes to Reform Rules as Mortgages Shift Away from Traditional Banks

Washington, Thursday, 9 July 2026.
In her July 2026 testimony, Federal Reserve Governor Michelle Bowman addressed a sharp decline in bank-originated mortgages—from 60% to 35%—urging regulatory reforms to encourage traditional lending.

Why the Long Boom in US Cattle Prices May Be Ending

Why the Long Boom in US Cattle Prices May Be Ending

Chicago, Thursday, 9 July 2026.
In July 2026, falling US cattle prices signaled a potential end to the historic livestock boom, offering relief to inflation-weary food buyers while squeezing producer profit margins.

Why a Wave of New Stock Offerings Could Halt the Market's Upward Climb

Why a Wave of New Stock Offerings Could Halt the Market's Upward Climb

New York, Thursday, 9 July 2026.
Jim Cramer warns that massive capital campaigns, like SpaceX’s $85 billion IPO, risk draining market liquidity and suffocating the current bull market within weeks.

Investors Pull $18 Billion From Gold as Three-Year Bull Run Ends

Investors Pull $18 Billion From Gold as Three-Year Bull Run Ends

New York, Thursday, 9 July 2026.
A massive $18 billion exit from gold ETFs has ended a historic three-year bull run, driven by investors locking in profits rather than active short selling.

Approval Secured for 194 New Affordable Apartments in Kansas City

Approval Secured for 194 New Affordable Apartments in Kansas City

Kansas City, Thursday, 9 July 2026.
Milhaus secured state approval to convert vacant Kansas City lots into 194 affordable apartments, marking the developer’s first major low-income housing venture in the city.

Credit Cards Outpace Debit Card Growth for the First Time in a Quarter Century

Credit Cards Outpace Debit Card Growth for the First Time in a Quarter Century

Washington, Wednesday, 8 July 2026.
A new Federal Reserve study reveals credit card transaction growth outpaced debit cards for the first time in 25 years, driving U.S. noncash payments to a record 236.6 billion.

Government Rollback Opens Retirement Plans to Riskier Investments

Government Rollback Opens Retirement Plans to Riskier Investments

Washington, Wednesday, 8 July 2026.
Following a recent regulatory rollback, financial advisors are no longer legally required to act in your best interest when managing 401(k) plans, opening retirement savings to high-risk investments.

The Urgent Friday Deadline to Claim Your Pandemic Tax Penalty Refund

The Urgent Friday Deadline to Claim Your Pandemic Tax Penalty Refund

Washington, Wednesday, 8 July 2026.
Following a key court ruling, taxpayers have until July 10 to claim refunds on over 120 million pandemic-era IRS penalties before the opportunity expires forever.