latest news in economy

Citrini Author Proposes AI Windfall Tax to Shield Economy from Job Losses

Citrini Author Proposes AI Windfall Tax to Shield Economy from Job Losses

New York, Thursday, 26 February 2026.
Warning of “Ghost GDP,” Alap Shah urges taxing AI windfalls to cushion a potential 5% drop in white-collar employment within 18 months, aiming to prevent a consumer economy collapse.

IMF Forecasts Inflation Target Delay to 2027, Signaling Prolonged High Rates

IMF Forecasts Inflation Target Delay to 2027, Signaling Prolonged High Rates

Washington D.C., Thursday, 26 February 2026.
With inflation stabilizing only in 2027, the IMF warns interest rates may remain elevated. Compounding this, US public debt is on track to reach a staggering 140% of GDP.

Solar Leases Surge After Federal Tax Breaks for Owners End

Solar Leases Surge After Federal Tax Breaks for Owners End

Washington, Wednesday, 25 February 2026.
With federal incentives for buying panels eliminated, the solar market has aggressively pivoted to leasing, now the exclusive method for capitalizing on government subsidies in 2026.

Software Sector Leads Market Recovery as AI Partnership News Calms Investors

Software Sector Leads Market Recovery as AI Partnership News Calms Investors

New York City, Tuesday, 24 February 2026.
Wall Street rebounded Tuesday as a relief rally in software stocks overshadowed the implementation of new global tariffs. Anthropic’s announcement of collaborative ‘plug-ins’ challenged the narrative of immediate AI displacement, driving gains in the S&P 500 and Nasdaq despite lingering economic headwinds.

Goldman Sachs Analysis Finds AI Investment Added Zero to 2025 US Growth

Goldman Sachs Analysis Finds AI Investment Added Zero to 2025 US Growth

New York, Tuesday, 24 February 2026.
Goldman Sachs reveals AI added “basically zero” to 2025 US GDP, as billions in capital expenditure on imported hardware effectively boosted the economies of Taiwan and South Korea instead.

Goldman Sachs Warns Equity Drop Is Top Risk to 2026 Economy

Goldman Sachs Warns Equity Drop Is Top Risk to 2026 Economy

New York, Tuesday, 24 February 2026.
Goldman Sachs identifies a potential 10% market correction as 2026’s primary economic threat, warning this pullback could slash GDP growth by half a percentage point amid fragile consumer sentiment.

Nikkei 225 Hits Record High as Industrial Stocks Drive Post-Holiday Rally

Nikkei 225 Hits Record High as Industrial Stocks Drive Post-Holiday Rally

Tokyo, Tuesday, 24 February 2026.
Japan’s Nikkei 225 reached a record high Tuesday, defying US tech jitters. Furukawa Electric surged over 15%, leading an industrial rally that signals renewed market confidence.

Retail Investors Drive Ninety Percent of Trading in High-Risk Single-Stock ETFs

Retail Investors Drive Ninety Percent of Trading in High-Risk Single-Stock ETFs

New York, Tuesday, 24 February 2026.
A joint study reveals individual investors drive nearly 90% of leveraged single-stock ETF trading, underscoring a growing retail appetite for high-stakes speculation distinct from institutional strategies.

Indian IT Stocks Tumble as Analyst Report Predicts AI Will Replace Outsourcing Model

Indian IT Stocks Tumble as Analyst Report Predicts AI Will Replace Outsourcing Model

Mumbai, Tuesday, 24 February 2026.
Indian technology shares plunged after Citrini Research warned the sector’s outsourcing model is becoming obsolete. The report argues AI coding agents have collapsed the cost of development to merely the price of electricity, predicting accelerating contract cancellations through 2027.

Cornell Economist Identifies a ‘Doom Loop’ Threatening Global Stability

Cornell Economist Identifies a ‘Doom Loop’ Threatening Global Stability

New York, Sunday, 22 February 2026.
Initially fearing his thesis was “too dark,” Prasad now argues a toxic cycle of populism and geopolitics is actively dismantling the global economic order.