latest news in economy
Middle-Income Households Turn to Food Banks as Economic Divide Widens
Hyattsville, Saturday, 7 February 2026.
While the top 20% of earners drive nearly 60% of spending, rising costs have pushed middle-income families—including federal contractors—into food bank lines, signaling a deepening economic split.
Trump Quadruples Argentine Beef Imports in Controversial $800 Million Trade Deal
Washington D.C., Saturday, 7 February 2026.
Prioritizing consumer costs, Trump signed an order quadrupling Argentine beef imports to combat record prices, a strategic move defying fierce opposition from the U.S. cattle industry.
Labor Market Softening Replaces Inflation as Primary Economic Threat
Washington, Saturday, 7 February 2026.
New data reveals a critical pivot in the economic landscape as labor instability rises. With January job cuts surging to their highest level since 2009 and vacancies plummeting to five-year lows, the employment sector is showing dangerous signs of cracking, potentially forcing the Federal Reserve to prioritize recession prevention over inflation control.
Ray Dalio Warns of Imminent Capital War and Identifies Gold as Safest Asset
New York, Friday, 6 February 2026.
Speaking in Dubai this week, Bridgewater founder Ray Dalio warned that weaponized financial policies are pushing the global economy toward a “capital war,” citing gold as the only reliable safe haven against potential asset freezes.
World Cup Ticket Notifications Begin Amid Record Demand and Soaring Ancillary Costs
Los Angeles, Friday, 6 February 2026.
As FIFA notifies winners from 500 million requests, the “experience economy” intensifies; Los Angeles parking fees have reportedly reached $300, in some cases exceeding the cost of match entry.