latest news in economy
Missing Steel Supports Spark Investigation Into Midtown Manhattan Skyscraper Collapse
New York City, Saturday, 18 July 2026.
A July 2026 Midtown skyscraper collapse occurred because critical steel reinforcements were never installed, highlighting severe oversight and liability loopholes in New York’s largest office-to-housing conversion.
Why Recent College Graduates Are Struggling to Secure Entry-Level Jobs
New York, Saturday, 18 July 2026.
As entry-level hiring slows, recent American college graduates face rising unemployment, driven by a threefold increase in employers requiring artificial intelligence skills for starter positions.
New Mortgage Options Allow Startup Employees to Buy Homes Using Private Stock
San Francisco, Saturday, 18 July 2026.
A new California mortgage program converts pre-IPO startup stock into monthly qualifying income, allowing paper-wealthy employees to finally buy homes before their company goes public.
How Rising Government Debt and Non-Bank Lenders Threaten Global Financial Stability
Basel, Saturday, 18 July 2026.
The Bank for International Settlements warns that record government debt and leveraged non-bank financial institutions threaten global stability, severely limiting central banks’ ability to manage economic shocks.
Most Americans Express Deep Economic Pessimism as Living Costs Strain Household Budgets
Washington, Friday, 17 July 2026.
A new survey reveals 61% of Americans are pessimistic about the economy, with many blaming President Trump for inflation as households aggressively cut back on essential spending.