latest news in economy
Hot Inflation Data and AI Jitters Send Dow Tumbling Over 500 Points
New York, Friday, 27 February 2026.
Markets sank as January producer prices unexpectedly surged 0.5%, reigniting rate fears. Compounding the turmoil, CoreWeave shares collapsed 20%, signaling deepening investor anxiety regarding the profitability of AI infrastructure.
US Grants Presidential Permit for $2.5 Billion Cable Linking Puerto Rico and Dominican Republic Grids
San Juan, Friday, 27 February 2026.
The U.S. Department of Energy has approved Project Hostos, a $2.5 billion privately funded undersea cable connecting Puerto Rico and the Dominican Republic. Slated for operation in 2031, this critical infrastructure aims to stabilize Puerto Rico’s fragile grid and power over 600,000 homes.
Severe Weather Delays Northeast Deliveries While National Propane Supplies Remain Strong
Washington, Friday, 27 February 2026.
Despite surging heating demand and blizzard-blocked roads in the Northeast, data confirms national propane inventories remain strong, signaling a logistical bottleneck rather than a supply crisis.
EU Trade Surplus With US Hits €199.6 Billion Despite Tariff Volatility
Brussels, Thursday, 26 February 2026.
In 2025, the European Union secured a nearly €200 billion trade surplus with the United States, defying expectations of a tariff-induced slowdown. This resilience was largely driven by a massive volume of pharmaceutical exports and strategic ‘front-loading’ by US businesses racing to beat new levies.
New Data Reveals Russian Economic Exhaustion as Budget Deficit Spikes
Moscow, Thursday, 26 February 2026.
As of February 2026, Russia’s economy is showing severe signs of structural fatigue after four years of war. The most alarming indicator is the federal budget deficit, which hit 1.7 trillion rubles in January alone—consuming one-third of the entire annual target. While the Central Bank attempts to manage an ‘overheated’ system, the real economy is contracting: vacancies in the high-tech sector have plummeted by 34.5%, and defense costs now devour 40% of public spending. These converging factors suggest the Kremlin’s war economy has reached its fiscal limit, making a recession increasingly probable.
US 30-Year Mortgage Rates Breach Key 6% Threshold Ahead of Spring Season
Washington, Thursday, 26 February 2026.
Marking a pivotal shift for the housing economy, the 30-year fixed mortgage rate dropped to 5.98% today—the first sub-6% reading since September 2022. This psychological milestone arrives precisely at the start of the spring buying season, potentially unlocking frozen inventory and reinvigorating buyer demand.
