latest news in economy

U.S. Dollar Drops After Four Weeks of Gains as Market Expectations Shift

U.S. Dollar Drops After Four Weeks of Gains as Market Expectations Shift

Washington, Sunday, 18 October 2026.
On October 18, 2026, the U.S. dollar experienced its first weekly decline in over a month, falling as investors overwhelmingly bet the Federal Reserve will hold interest rates steady.

Tech Companies Exploit Air Permit Rules to Build Private Power Plants

Tech Companies Exploit Air Permit Rules to Build Private Power Plants

Washington, Sunday, 18 October 2026.
Tech developers are using regulatory shortcuts to build fossil-fuel power plants for data centers, bypassing federal environmental reviews and provoking legal challenges over local air pollution.

U.S. Government Borrowing Rates Reach Highest Level Since 2007

U.S. Government Borrowing Rates Reach Highest Level Since 2007

New York, Sunday, 18 October 2026.
U.S. ten-year Treasury yields reached 5.08%—the highest level since 2007—driven by rising energy costs from the ongoing U.S.-Iran war and persistent inflation, rekindling fears of economic stagflation.

Michael Burry Warns High Stock Prices Hide Deep Market Weakness

Michael Burry Warns High Stock Prices Hide Deep Market Weakness

New York, Sunday, 18 October 2026.
Famed investor Michael Burry warns that record stock index highs mask severe underlying weaknesses, pointing to extreme market concentration and speculation as signs of impending, long-term real losses.

Utah Leads Trade Delegation to Ireland to Expand Global Tech and Health Partnerships

Utah Leads Trade Delegation to Ireland to Expand Global Tech and Health Partnerships

Salt Lake City, Sunday, 18 October 2026.
Utah Governor Spencer Cox leads a trade delegation to Ireland this October, aiming to advance cross-border research and business partnerships in quantum computing, life sciences, and digital technology.

Corporate Profits Surge as Major Companies Report Strong Growth

Corporate Profits Surge as Major Companies Report Strong Growth

New York, Sunday, 18 October 2026.
S&P 500 companies are reporting a massive 29% profit increase for the third quarter, marking a third consecutive period of extraordinary corporate growth driven by technology.

New Tool Predicts Specific Damages From Future Fossil Fuel Projects

New Tool Predicts Specific Damages From Future Fossil Fuel Projects

London, Saturday, 17 October 2026.
Climate scientists have launched a tool that predicts precise environmental and human damage caused by individual fossil fuel projects, creating unprecedented accountability for investors and policymakers.

U.S. National Debt Interest Reaches Record $1.05 Trillion in Fiscal Year 2026

U.S. National Debt Interest Reaches Record $1.05 Trillion in Fiscal Year 2026

Washington, Saturday, 17 October 2026.
Annual U.S. debt interest payments surged 8% to $1.05 trillion in fiscal year 2026, now exceeding defense spending as bond yields above 5% drive up national borrowing costs.

Medicare Open Enrollment Begins as Coverage Costs Shift for 2027

Medicare Open Enrollment Begins as Coverage Costs Shift for 2027

Washington, Saturday, 17 October 2026.
Medicare open enrollment began October 15, 2026, offering 70.5 million Americans time until December 7 to review coverage as prescription drug out-of-pocket spending limits rise to $2,400 in 2027.

California Power Grid Shifts to Solar and Giant Battery Systems

California Power Grid Shifts to Solar and Giant Battery Systems

Sacramento, Saturday, 17 October 2026.
Powered by massive battery storage, California’s electricity grid now runs on 62% clean energy, with batteries supplying over 60% of power during peak evening surges.