latest news in economy

Unlocking Billions: U.S. Launches Historic Tariff Refund Portal for Businesses

Unlocking Billions: U.S. Launches Historic Tariff Refund Portal for Businesses

Washington, Sunday, 19 April 2026.
Launching tomorrow, a new federal portal allows businesses to reclaim an estimated $166 billion in historic tariff refunds following a landmark Supreme Court ruling.

Record $8.2 Trillion Cash Stockpile Signals a Looming Market Downturn

Record $8.2 Trillion Cash Stockpile Signals a Looming Market Downturn

New York, Sunday, 19 April 2026.
A record $8.2 trillion parked in money market funds highlights growing investor anxiety. Driven by rising inflation and geopolitical conflict, this massive cash stockpile threatens the current market rally.

China's Economy Defies Global Shocks with Strong 5% First-Quarter Growth

China's Economy Defies Global Shocks with Strong 5% First-Quarter Growth

Beijing, Saturday, 18 April 2026.
China’s economy unexpectedly expanded by 5% in early 2026, defying global energy shocks and signaling a successful structural shift away from its five-year property sector slump.

Why Converting US Debt to 100-Year Bonds Could Trigger a Global Crisis

Why Converting US Debt to 100-Year Bonds Could Trigger a Global Crisis

Washington, Saturday, 18 April 2026.
Proposals to convert US debt into 100-year bonds risk triggering a selective default and massive foreign selloffs, failing to fix the root cause of America’s growing fiscal deficit.

Wall Street Banks Revive Controversial 2008 Financial Tools to Bet Against Private Debt

Wall Street Banks Revive Controversial 2008 Financial Tools to Bet Against Private Debt

New York, Saturday, 18 April 2026.
This April, major banks revived controversial 2008-era financial tools to bet against the opaque $2 trillion private credit market, transforming a historically one-way sector into a high-risk arena.

Top Economists Forecast Prolonged High Borrowing Costs and Delayed Inflation Relief

Top Economists Forecast Prolonged High Borrowing Costs and Delayed Inflation Relief

New York, Saturday, 18 April 2026.
Over 94% of surveyed economists warn inflation will miss target levels until at least 2028, signaling a prolonged era of elevated borrowing costs and rising recession risks.

Tech Leaders Propose Universal Income and Wealth Funds to Combat AI Job Displacement

Tech Leaders Propose Universal Income and Wealth Funds to Combat AI Job Displacement

San Francisco, Saturday, 18 April 2026.
Facing a potential post-work economy, tech billionaires are proposing radical solutions like universal high income and AI-funded wealth distribution to prevent severe economic fallout from rapid automation.

Wall Street Revives 2008 Tactics to Bet Against the Artificial Intelligence Boom

Wall Street Revives 2008 Tactics to Bet Against the Artificial Intelligence Boom

New York, Friday, 17 April 2026.
Major financial institutions are deploying the same tools that triggered the 2008 crash to bet against artificial intelligence, signaling severe skepticism regarding current market valuations.

How Falling Immigration Rates Halted US Urban Population Growth in 2025

How Falling Immigration Rates Halted US Urban Population Growth in 2025

Washington, Friday, 17 April 2026.
In 2025, a sharp decline in immigration severely slowed US urban population growth. Without international arrivals, major cities are shrinking, threatening long-term economic expansion and tightening local labor markets.

Wall Street Reaches Record Highs as US-Iran Ceasefire Optimism Cools Oil Prices

Wall Street Reaches Record Highs as US-Iran Ceasefire Optimism Cools Oil Prices

New York, Friday, 17 April 2026.
Optimism for a US-Iran ceasefire extension pushed Wall Street to record highs this week, cooling surging global oil prices even as Asian equities experienced a Friday downturn.