latest news in economy

How Artificial Intelligence is Unintentionally Accelerating Global Fossil Fuel Production

How Artificial Intelligence is Unintentionally Accelerating Global Fossil Fuel Production

Washington, Tuesday, 11 August 2026.
A new study reveals that AI applications in fossil fuel extraction increase global emissions by up to 1.8 gigatons annually, vastly outstripping the technology’s climate benefits.

Why the Stock Market's Long Rally Could Have Further to Go

Why the Stock Market's Long Rally Could Have Further to Go

New York, Tuesday, 11 August 2026.
Driven by solid earnings growth rather than wild speculation, the stock market hit a record high of 7,757.64 in August 2026. Historical trends suggest this rally still has substantial room to expand.

Why Suburban Northeast and Midwest Neighborhoods Are Driving U.S. Housing Demand

Why Suburban Northeast and Midwest Neighborhoods Are Driving U.S. Housing Demand

New York, Tuesday, 11 August 2026.
Suburban Northeast and Midwest markets lead U.S. real estate demand, where housing inventory remains 60% below pre-pandemic levels, forcing buyers to offer larger down payments to compete.

New Hampshire Home Prices Reach New Record High

New Hampshire Home Prices Reach New Record High

Concord, Tuesday, 11 August 2026.
New Hampshire home prices hit a record $580,000 median in July 2026, defying national market declines due to severe inventory shortages that leave median incomes 47 percent short.

How Orange County Mayoral Candidates Plan to Boost Local Wages

How Orange County Mayoral Candidates Plan to Boost Local Wages

Orlando, Tuesday, 11 August 2026.
Despite hosting nearly 77 million visitors annually, Orlando ranks 49th among major U.S. metros in median wage. Orange County mayoral candidates are proposing economic reforms to create higher-paying jobs.

Emergency Oil Reserves in the US Drop to Four-Decade Low

Emergency Oil Reserves in the US Drop to Four-Decade Low

Washington, Monday, 10 August 2026.
The U.S. Strategic Petroleum Reserve fell to 298.7 million barrels, its lowest level since 1983. Massive drawdowns and aging infrastructure now threaten future supply shock responses.

Communities Fight Back Against Forced Land Sales for Data Centers

Communities Fight Back Against Forced Land Sales for Data Centers

Washington, Monday, 10 August 2026.
As power companies seize private land for artificial intelligence data centers, local communities and state governments are fighting back through legal challenges and emergency property repurchases.

Why the American Dream Is Slipping Away for Low-Income Households

Why the American Dream Is Slipping Away for Low-Income Households

New York, Monday, 10 August 2026.
JPMorgan Chase CEO Jamie Dimon warns that incomes for the bottom 20 percent of American households have stagnated for 20 years, fueling deep economic anxiety and societal division.

Oil Prices Rise as Hope Fades for Quick Deal to Open Critical Shipping Strait

Oil Prices Rise as Hope Fades for Quick Deal to Open Critical Shipping Strait

New York, Monday, 10 August 2026.
Oil prices surged nearly 3% as negotiations between the U.S. and Iran stalled, dampening hopes for the swift reopening of the critical Strait of Hormuz shipping route.

Why the Billion-Dollar Artificial Intelligence Boom May Be Built on a Financial Illusion

Why the Billion-Dollar Artificial Intelligence Boom May Be Built on a Financial Illusion

New York, Monday, 10 August 2026.
Top economist Torsten Slok warns that artificial intelligence profits are funded by investors rather than customers, as hardware makers reap 41% margins while application developers suffer 59% losses.