latest news in economy

How the New Federal Reserve Chief Plans to Change the Fight Against Inflation

How the New Federal Reserve Chief Plans to Change the Fight Against Inflation

Washington, Thursday, 23 July 2026.
By repeatedly declaring “inflation is a choice,” new Fed Chair Kevin Warsh signals a major policy regime shift, asserting the central bank must take full responsibility for rising prices.

Federal Reserve Aims to Balance Bank Safety and Economic Growth

Federal Reserve Aims to Balance Bank Safety and Economic Growth

Washington, Thursday, 23 July 2026.
Under Vice Chair Michelle Bowman, the Federal Reserve is pivoting to a capital-neutral strategy, lowering capital requirements for major banks to balance financial stability with economic growth.

Saudi Arabia Uses $925 Billion Wealth Fund to Challenge UAE Dominance

Saudi Arabia Uses $925 Billion Wealth Fund to Challenge UAE Dominance

Riyadh, Thursday, 23 July 2026.
Saudi Arabia is deploying its $925 billion sovereign fund—surpassing the UAE’s combined primary vehicles—into massive domestic projects to directly challenge its neighbor’s regional economic dominance.

Why One in Four American Workers Stay in Jobs They Want to Leave

Why One in Four American Workers Stay in Jobs They Want to Leave

Washington, Thursday, 23 July 2026.
A new Gallup study reveals 24% of U.S. workers remain in unwanted jobs solely for health insurance, a sharp rise since 2021 that threatens labor mobility.

Economic Growth No Longer Means More Carbon Pollution for Most of the World

Economic Growth No Longer Means More Carbon Pollution for Most of the World

London, Thursday, 23 July 2026.
A groundbreaking study reveals that nations representing 92 percent of global GDP have broken the link between economic growth and rising carbon emissions, signaling a historic macroeconomic shift.

Israel's Exports Reach a Record $169 Billion Despite Global Pressures

Israel's Exports Reach a Record $169 Billion Despite Global Pressures

Jerusalem, Wednesday, 22 July 2026.
Driven by tech demand and surging Asian trade, Israel’s exports hit a record $169 billion, defying international boycotts and surpassing all government forecasts.

Why Young Women Are Falling Behind Men in the US Job Market

Why Young Women Are Falling Behind Men in the US Job Market

Stanford, Wednesday, 22 July 2026.
A new Stanford-ADP study reveals young women’s job growth is half that of men’s, surprisingly finding that occupational choices—not artificial intelligence—drive this widening gap.

United States Imposes New Fifty Percent Tariffs on Canadian Imports

United States Imposes New Fifty Percent Tariffs on Canadian Imports

Chicago, Wednesday, 22 July 2026.
Bypassing trade agreements with a 1930 law, the U.S. imposed a 50% tariff on Canadian goods, threatening fresh inflation after past tariffs cost Midwest households $2,000 annually.

Why Tech Workers Are Turning to Unions to Challenge Artificial Intelligence

Why Tech Workers Are Turning to Unions to Challenge Artificial Intelligence

San Francisco, Wednesday, 22 July 2026.
Driven by artificial intelligence anxieties and job cuts, traditionally union-resistant Silicon Valley tech workers are rapidly organizing to demand collective bargaining rights over automated workplace technologies.

Massive Storm System Grounds Thousands of East Coast Flights

Massive Storm System Grounds Thousands of East Coast Flights

New York, Wednesday, 22 July 2026.
Severe East Coast storms disrupted over 7,000 flights on Tuesday, triggering widespread ground stops and leaving major airlines scrambling to issue travel waivers for stranded passengers.