latest news in economy
First Private Microreactor Powers Up, Marking a Historic Leap for US Energy
Washington, Sunday, 7 June 2026.
On June 4, 2026, Antares Nuclear successfully initiated the first private microreactor chain reaction, accelerating the timeline for scalable, localized power deployment across industrial and military sectors by 2028.
New Federal Reserve Chair Kevin Warsh Targets Balance Sheet Cuts to Lower Interest Rates
Washington, Friday, 5 June 2026.
Sworn in this May, Fed Chair Kevin Warsh aims to shrink the $6.7 trillion balance sheet to lower interest rates, intriguingly adopting “strategic ambiguity” for future monetary communications.
The Hidden Economic Cost of Deportation: How Immigration Raids Erased 668,000 U.S. Jobs
Washington, Friday, 5 June 2026.
A new Brookings study reveals aggressive deportation raids cost the U.S. economy 668,000 jobs, with local economies losing an astonishing 30 jobs for every single immigration arrest.
Looming 2032 Social Security Shortfall Threatens Retirees With a $500 Monthly Income Drop
Washington, Friday, 5 June 2026.
Without congressional action, the Social Security trust fund will deplete by 2032, triggering an automatic 24% benefit reduction that could cost millions of retirees $500 a month.