latest news in economy

Nineteen States Raise Minimum Wage, Widening Gap with Federal Standards

Nineteen States Raise Minimum Wage, Widening Gap with Federal Standards

Washington, Tuesday, 6 January 2026.
While the federal rate stagnates at $7.25, wage hikes across nineteen states boost pay for 8.3 million workers, with Washington State leading at a record $17.13 hourly.

2025 Migration Data Reveals Shift Back to Texas as Top Destination for Movers

2025 Migration Data Reveals Shift Back to Texas as Top Destination for Movers

Phoenix, Tuesday, 6 January 2026.
Texas reclaims the top spot for inbound moves in 2025, while California ranks last for the sixth consecutive year, underscoring a persistent migration toward business-friendly environments.

Global Markets Rally on US Plans to Revitalize Venezuela’s Vast Oil Reserves

Global Markets Rally on US Plans to Revitalize Venezuela’s Vast Oil Reserves

New York, Tuesday, 6 January 2026.
On January 6, 2026, global equity markets surged, driven by renewed investor confidence following the US capture of Nicolás Maduro and subsequent plans to rehabilitate Venezuela’s energy sector. The NASDAQ and Nikkei 225 posted significant gains as traders assessed President Trump’s strategy to deploy American oil majors to rebuild Venezuela’s infrastructure. The most compelling factor driving this sentiment is the potential access to Venezuela’s 303 billion barrels of proven oil reserves—the largest in the world—which currently account for less than 1% of global output due to decades of neglect. While the initiative promises to reintegrate a massive energy asset into the global economy, analysts caution that the revitalization effort faces significant logistical hurdles and could require tens of billions of dollars in capital investment over the next decade.

AI Boom Threatens to Reignite Global Inflation in 2026

AI Boom Threatens to Reignite Global Inflation in 2026

New York, Monday, 5 January 2026.
With data center spending projected to hit $4 trillion, investors warn surging energy costs could force central banks to halt rate cuts, threatening market stability this year.

Asia Stocks Surge and Oil Retreats as US Confirms Capture of Venezuelan President

Asia Stocks Surge and Oil Retreats as US Confirms Capture of Venezuelan President

Tokyo, Monday, 5 January 2026.
Japanese equities breached the historic 50,000 level and oil prices eased as traders reacted to the US military’s capture of Nicolas Maduro, anticipating stabilized energy flows under temporary American administration.

Fed President Signals Interest Rate Cuts Are Likely on Hold

Fed President Signals Interest Rate Cuts Are Likely on Hold

Philadelphia, Sunday, 4 January 2026.
Paulson cautions further rate cuts remain distant, describing the labor market as “bending, not breaking,” implying the Fed requires clearer economic data before easing policy again later this year.

Colorado Retirement Plan Participation Surges Ahead of Mandatory Compliance

Colorado Retirement Plan Participation Surges Ahead of Mandatory Compliance

Denver, Sunday, 4 January 2026.
Colorado’s state-mandated retirement program reports a 38% increase in savers. As enforcement looms, officials purged 33,000 outdated records to precisely target non-compliant employers facing fines this year.

Bank of America Projects S&P 500 Companies Will Boost Payouts in 2026

Bank of America Projects S&P 500 Companies Will Boost Payouts in 2026

New York, Sunday, 4 January 2026.
Strategist Savita Subramanian predicts accelerated year-over-year dividend growth, offering a critical opportunity for income investors as corporations prioritize returning capital despite expensive market valuations.

Financial Sector Shows Robust M&A Activity

Financial Sector Shows Robust M&A Activity

New York, Saturday, 3 January 2026.
The financial services industry sees continued mergers and acquisitions as of January 2026. One notable recent merger: Mercantile Bank finalized its deal with Eastern Michigan Financial, combining assets to approximately $6.9 billion.

2026 Market Outlook: AI's Influence on a High-Risk Bull Run

2026 Market Outlook: AI's Influence on a High-Risk Bull Run

New York, Saturday, 3 January 2026.
Bob Doll forecasts a ‘high-risk bull market’ for 2026, driven by AI, but warns that US stock growth will be less than double-digit, advising investors to prepare for volatility.