latest news in economy

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.

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.