latest news in economy

Artificial Intelligence Now Fuels Three-Quarters of U.S. Economic Growth

Artificial Intelligence Now Fuels Three-Quarters of U.S. Economic Growth

Washington, Tuesday, 5 May 2026.
Artificial intelligence drove a staggering 75% of U.S. economic growth in early 2026. This historic shift highlights how technology investments are rapidly outpacing traditional consumer spending.

How the Prolonged US Housing Crisis is Erasing Middle-Class Wealth

How the Prolonged US Housing Crisis is Erasing Middle-Class Wealth

Washington, D.C., Tuesday, 5 May 2026.
With median home prices now five times household income, stagnant real estate and soaring mortgage rates are locking millions out of homeownership, severely threatening middle-class wealth generation.

Justice Department Investigates Major Meatpackers Over Soaring Beef Prices

Justice Department Investigates Major Meatpackers Over Soaring Beef Prices

Washington, Monday, 4 May 2026.
The DOJ is investigating four major meatpackers controlling 85% of the US beef market for price-fixing, offering whistleblowers up to 30% of recovered funds to expose illegal collusion.