latest news in economy

Why US Growth Funding Rounds Now Take Fourteen Weeks to Close

Why US Growth Funding Rounds Now Take Fourteen Weeks to Close

New York, Monday, 13 July 2026.
A new report reveals that US growth stage funding rounds now take 14 weeks to close, nearly doubling the 2023 pace as cautious investors drastically extend their due diligence.

New Financial Blueprint Details How U.S. Businesses Can Automate Instant Payments

New Financial Blueprint Details How U.S. Businesses Can Automate Instant Payments

Minneapolis, Monday, 13 July 2026.
On July 13, 2026, the U.S. Faster Payments Council released a blueprint to integrate instant payments directly into business software, aiming to automate corporate cash flows.

Truck Driver Pay Hits Historic High as Shipping Demand Surges

Truck Driver Pay Hits Historic High as Shipping Demand Surges

Tampa, Monday, 13 July 2026.
Driven by intense shipping demand, US truck driver pay hit a record high in June 2026, marking an incredible 57% increase in earnings since January 2020.

US Government Borrowing Costs Hit Highest Levels Since 2025 as Oil Prices Surge

US Government Borrowing Costs Hit Highest Levels Since 2025 as Oil Prices Surge

New York, Monday, 13 July 2026.
On July 13, 2026, escalating US-Iran military clashes pushed oil prices higher, driving the two-year Treasury yield to its highest level since February 2025 amid renewed inflation fears.

Why Your Next Cup of Coffee Could Cost Over Six Pounds

Why Your Next Cup of Coffee Could Cost Over Six Pounds

London, Monday, 13 July 2026.
Driven by extreme weather and rising labor costs, the price of a UK flat white has reached a record £6.50, signaling long-term pressure on global coffee supply chains.

IRS Shifts Focus to Directly Seizing Bank Accounts and Restricting Passports

IRS Shifts Focus to Directly Seizing Bank Accounts and Restricting Passports

Washington, Monday, 13 July 2026.
As audits slow down in July 2026, the IRS is aggressively seizing bank accounts and restricting passports for unpaid taxes without needing court intervention.

Strong Economic Growth Shields Global Stocks From High Interest Rates

Strong Economic Growth Shields Global Stocks From High Interest Rates

Zurich, Monday, 13 July 2026.
UBS Asset Management reports that resilient economic growth and broadening corporate earnings will keep global stock markets strong, even as persistent inflation delays interest rate cuts.

The Global Illegal Economy Is Now Worth Six Trillion Dollars

The Global Illegal Economy Is Now Worth Six Trillion Dollars

Washington, Monday, 13 July 2026.
Released on July 13, 2026, a new report reveals the global illegal economy has reached six trillion dollars annually, as criminals increasingly infiltrate legitimate industries.

Russia Targets Private Pension Savings to Cover Ballooning Wartime Deficits

Russia Targets Private Pension Savings to Cover Ballooning Wartime Deficits

Moscow, Monday, 13 July 2026.
Facing a looming banking crisis and an $83 billion deficit, Moscow is drafting legislation to seize $40 billion in private pensions, triggering widespread panic and capital flight.

US Commercial Real Estate Values Split as Market Investment Rebounds

US Commercial Real Estate Values Split as Market Investment Rebounds

New York, Monday, 13 July 2026.
As US commercial real estate investment rebounds by a projected 16% in 2026, widening value gaps between property types are forcing investors to completely rewrite their financial models.