latest news in economy

Largest US Power Grid Faces Blackout Risk as Winter Demand Hits Record Highs

Largest US Power Grid Faces Blackout Risk as Winter Demand Hits Record Highs

Audubon, Wednesday, 28 January 2026.
Wholesale electricity prices spiked above $3,000 per megawatt-hour as the largest US grid braces for record winter demand, forcing rare emergency measures to secure power for 67 million people.

S&P 500 Breaches Historic 7,000 Level as AI Boom Fuels Wall Street Rally

S&P 500 Breaches Historic 7,000 Level as AI Boom Fuels Wall Street Rally

New York, Wednesday, 28 January 2026.
The S&P 500 surpassed 7,000 today, fueled by AI optimism. Notably, this rally coincides with record gold prices, signaling a rare market dynamic balancing aggressive growth with defensive hedging strategies.

New York Metro Area Housing Market Shows Signs of Stabilization in 2026

New York Metro Area Housing Market Shows Signs of Stabilization in 2026

New York, Wednesday, 28 January 2026.
OneKey MLS reports that the New York metro housing market is stabilizing, though unevenly. While Manhattan struggles, Long Island and the Hudson Valley show strength, with some sellers getting over 100% of their asking price in 2025.

Generative AI Market for Packaging Projected to Surge Driven by Design Automation

Generative AI Market for Packaging Projected to Surge Driven by Design Automation

New York, Wednesday, 28 January 2026.
With the market forecast to hit $7.9 billion by 2033, AI is slashing design cycles from years to days, fundamentally altering industry efficiency standards.

Electric Vehicle Adoption Propels European Aluminum Parts Market to $26 Billion

Electric Vehicle Adoption Propels European Aluminum Parts Market to $26 Billion

Brussels, Wednesday, 28 January 2026.
Fueled by the electric vehicle revolution and lightweighting demands, Europe’s automotive aluminum parts sector is projected to hit a striking $26.2 billion valuation by 2033.

Port of Montreal Defies Global Trends With Robust Container Growth and Diversification

Port of Montreal Defies Global Trends With Robust Container Growth and Diversification

Montreal, Wednesday, 28 January 2026.
In a landscape of global economic instability, the Port of Montreal has outperformed expectations, reporting a 3.6 percent increase in container volumes for 2025—surpassing global trade growth projections. This resilience is largely attributed to a strategic pivot toward African markets, highlighted by a striking 44 percent surge in trade with Morocco. While weather impacted dry bulk sectors, the port’s ability to diversify its trade routes has proven vital. As the Contrecœur expansion advances, these results underscore the necessity of adaptable infrastructure in securing North American supply chains against geopolitical volatility.

Dollar Weakens as Government Shutdown Looms and Fed Leadership Shifts

Dollar Weakens as Government Shutdown Looms and Fed Leadership Shifts

New York, Wednesday, 28 January 2026.
The US Dollar Index has breached critical support levels ahead of the January 30 government funding deadline. Markets are further rattled by speculation that BlackRock executive Rick Rieder may replace Jerome Powell, raising concerns over future Federal Reserve independence.

Gold Surges to Record Highs After Trump Downplays Dollar’s Slide

Gold Surges to Record Highs After Trump Downplays Dollar’s Slide

Washington D.C., Wednesday, 28 January 2026.
Gold hit a record $5,190 and the dollar sank to four-year lows Tuesday after President Trump signaled comfort with the currency’s decline, fueling safe-haven demand.

Rand Rallies to Three-Year High as US Policies Weigh on Dollar

Rand Rallies to Three-Year High as US Policies Weigh on Dollar

Johannesburg, Thursday, 29 January 2026.
The rand has staged a remarkable 25% recovery since April 2025, trading at 15.79 against the dollar as US policy shifts and record gold prices fuel emerging market momentum.

California Growth Stalls as Foreign-Born Population Plummets

California Growth Stalls as Foreign-Born Population Plummets

Sacramento, Thursday, 29 January 2026.
New Census data reveals the U.S. foreign-born population fell by 1.5 million in early 2025, halting California’s growth and signaling critical labor shortages for the state’s economy.