latest news in economy

Amazon Faces Scrutiny as Worker Assistance Triples Amid Profits

Amazon Faces Scrutiny as Worker Assistance Triples Amid Profits

Seattle, Monday, 14 September 2026.
Despite Amazon generating a record $717 billion in revenue, government data reveals the number of its warehouse employees relying on food stamps has tripled, highlighting a historic national shift toward shrinking worker compensation.

Global Oil Price Spike Shields Canada From United States Trade Tariff Damage

Global Oil Price Spike Shields Canada From United States Trade Tariff Damage

Ottawa, Monday, 14 September 2026.
Middle East supply disruptions pushed crude past $100 per barrel in September 2026, generating energy revenues that fully offset Canada’s economic losses from new United States trade tariffs.

Wall Street Urges Investors to Hold Stocks Amid Soaring Rates and Oil Pressures

Wall Street Urges Investors to Hold Stocks Amid Soaring Rates and Oil Pressures

New York, Sunday, 13 September 2026.
Despite 10-year Treasury yields approaching 5% and oil topping $100 per barrel, major financial institutions advise staying in U.S. equities, citing solid corporate earnings amidst late-1990s dot-com era parallels.

American Real Wages Fall as Technology Adoption Pressure Accelerates

American Real Wages Fall as Technology Adoption Pressure Accelerates

Washington, Sunday, 13 September 2026.
Inflation-adjusted U.S. wages fell 0.4% year-over-year through June 2026. Strikingly, labor’s share of business income dropped to 52.8%, marking its lowest historical level since 1947 as automation reshapes workforce economics.

Middle East Oil Shocks and Rising Power Bills Drive Surge in Home Solar Adoption

Middle East Oil Shocks and Rising Power Bills Drive Surge in Home Solar Adoption

Riyadh, Sunday, 13 September 2026.
A Saudi pipeline attack pushing crude oil over $104 per barrel alongside rising US electricity rates is driving households and businesses toward home solar and electric vehicles for energy independence.

Bank of England Expected to Hold Interest Rates Despite Mounting Energy Inflation

Bank of England Expected to Hold Interest Rates Despite Mounting Energy Inflation

London, Sunday, 13 September 2026.
The Bank of England will likely keep interest rates at 3.75% this week, but surging energy costs and unexpected economic growth have traders betting on four rate hikes by mid-2027.

Changing Employers Delivers Record Pay Increases for Hourly Workers

Changing Employers Delivers Record Pay Increases for Hourly Workers

Washington, Sunday, 13 September 2026.
In July 2026, lower-paid hourly workers and Gen Z employees changing jobs secured pay raises of up to 20 percent—nearly four times higher than workers who stayed put.

Why New Tariffs on Canadian Oil Threaten Midwest Fuel Supply

Why New Tariffs on Canadian Oil Threaten Midwest Fuel Supply

Chicago, Sunday, 13 September 2026.
U.S. Midwest refineries cannot process domestic crude without billions in upgrades. Proposed tariffs on discounted Canadian oil risk sparking severe regional energy shortages and driving fuel prices higher.

Paramount Threatens California Exit, Risking 58,000 Jobs and $21 Billion Annual Loss

Paramount Threatens California Exit, Risking 58,000 Jobs and $21 Billion Annual Loss

Los Angeles, Sunday, 13 September 2026.
A leaked report reveals Paramount’s potential exit from California could permanently eliminate up to 58,000 jobs and $21.2 billion in annual economic output amid a contentious merger dispute.

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.