latest news in economy

How AI's Economic Impact Is Falling Short of Early Predictions

How AI's Economic Impact Is Falling Short of Early Predictions

New York, Sunday, 13 September 2026.
Economic inertia and slow corporate adoption are delaying artificial intelligence’s impact, proving that widespread job disruption and massive growth will take decades rather than occurring overnight.

Federal Disaster Loans Opened for Texas Businesses Following August Tornadoes

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

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.

Fintech Firm TabaPay Seeks Federal Approval to Acquire National Bank

Fintech Firm TabaPay Seeks Federal Approval to Acquire National Bank

Washington, Saturday, 12 September 2026.
Payments provider TabaPay has applied to become a bank holding company by acquiring Transact Bank, signaling a significant push by financial technology firms into regulated banking.

Record Diesel Prices Threaten to Drive Up Everyday Living Costs Across America

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

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.

Medicare Expands Hemp Incentives but Doctors Demand Clear Clinical Proof

Medicare Expands Hemp Incentives but Doctors Demand Clear Clinical Proof

Washington, Saturday, 12 September 2026.
Despite Medicare offering incentives for hemp-derived treatments, doctors remain reluctant to recommend them without standardized clinical trials, highlighting a critical gap between policy and physician adoption.

How Space Solar Power Is Fueling a Two Trillion Dollar Industry

How Space Solar Power Is Fueling a Two Trillion Dollar Industry

New York, Saturday, 12 September 2026.
Rapid advancements in orbital solar power are reshaping space operations, positioning the global space economy to reach $2 trillion by 2040 as energy demand accelerates.

Federal Agency Doubles Business Loan Limit to $10 Million to Fuel Acquisitions

Federal Agency Doubles Business Loan Limit to $10 Million to Fuel Acquisitions

Washington, Saturday, 12 September 2026.
Effective July 4, 2026, the Small Business Administration doubled combined borrowing limits to $10 million, allowing buyers to independently finance real estate and business assets with enhanced leverage.

How Extreme Tech Wealth Threatens Democracy and the Environment

How Extreme Tech Wealth Threatens Democracy and the Environment

London, Saturday, 12 September 2026.
Author Naomi Klein warns that Silicon Valley billionaires are embracing anti-democratic ideologies, leveraging artificial intelligence and climate chaos to consolidate power and create exclusive post-collapse havens for the ultra-wealthy.