latest news in economy

US Companies Face Highest Employee Healthcare Cost Increase in Two Decades

US Companies Face Highest Employee Healthcare Cost Increase in Two Decades

New York, Saturday, 5 September 2026.
US employer health benefit costs are projected to jump 8.2 percent in 2027—the sharpest rise since 2003—driven by weight-loss drugs, AI claims software, and provider consolidation.

US Sports Betting Growth Halts as Prediction Markets Siphon Billions

US Sports Betting Growth Halts as Prediction Markets Siphon Billions

Washington, Saturday, 5 September 2026.
Legal NFL sports betting will stall at $29.5 billion this season. Unregulated prediction markets have diverted $1.3 billion in tax revenue while attracting over $5 billion from underage gamblers.

Severe Solar Storms Threaten U.S. Electrical Grid Infrastructure

Severe Solar Storms Threaten U.S. Electrical Grid Infrastructure

Washington, Saturday, 5 September 2026.
New research shows a major solar storm could inflict up to $2 billion in daily U.S. economic losses, leaving millions powerless in vulnerable areas like the Northeast.

Canada Unexpectedly Sheds 42,000 Jobs as Wage Growth Slows

Canada Unexpectedly Sheds 42,000 Jobs as Wage Growth Slows

Ottawa, Saturday, 5 September 2026.
Canada lost 42,000 jobs in August 2026, defying expectations. Annual wage growth slowed to 2.0%, its weakest pace in nearly nine years, amid mounting North American trade uncertainty.

Grain Prices Dip as Investors Prepare for Major Agriculture Report

Grain Prices Dip as Investors Prepare for Major Agriculture Report

Chicago, Saturday, 5 September 2026.
Grain futures fell during pre-holiday trading as investors locked in profits ahead of a critical September 11 supply report, despite funds holding record long positions in corn and soybeans.

Federal Reserve Shifts Strategy to Focus on Artificial Intelligence and Quieter Policy

Federal Reserve Shifts Strategy to Focus on Artificial Intelligence and Quieter Policy

Jackson Hole, Friday, 4 September 2026.
Federal Reserve Chair Kevin Warsh announced plans to abandon traditional forecasts, leveraging artificial intelligence productivity gains to curb inflation while actively tracking corporate AI pricing models.

How Lower Medicaid Payments for Routine Care Limit Patient Access to Doctors

How Lower Medicaid Payments for Routine Care Limit Patient Access to Doctors

Fairfax, Friday, 4 September 2026.
A September 2026 study reveals Virginia Medicaid pays over 40% less for routine preventive care than marketplace plans, creating financial disincentives that threaten patient access to doctors.

Alcohol-Linked Cancer Deaths Double in the United States

Alcohol-Linked Cancer Deaths Double in the United States

Washington, Friday, 4 September 2026.
A landmark study reveals US alcohol-related cancer deaths doubled since 1990, driven by non-liver cancers like colorectal and breast, with risks rising at just one daily drink.

American Workers' Share of National Income Hits Record Low as Corporate Profits Soar

American Workers' Share of National Income Hits Record Low as Corporate Profits Soar

New York, Friday, 4 September 2026.
The American labor share of income fell to a record low 52.8% as corporate profits surged, signaling a growing economic shift toward capital before AI’s full deployment.

Trump Demands Interest Rate Cuts Under Threat of Halting Foreign Trade

Trump Demands Interest Rate Cuts Under Threat of Halting Foreign Trade

Washington, Friday, 4 September 2026.
President Trump threatened on Friday to halt trade with nations running surpluses against the U.S. if the Federal Reserve does not lower interest rates, despite recent rate hikes.