Economy News

Global Finance & Economic Policies

Track global economic trends, policy decisions, financial markets, and international trade developments that shape the world economy.

Nvidia CEO says AI boom will create 'six-figure' construction jobs

Nvidia CEO Jensen Huang said that the buildout of infrastructure to support the artificial intelligence (AI) technology boom is boosting the salaries of construction trade workers who are involved wit...

Jan 23 0 views

FDA upgrades cookie recall to highest danger level over undeclared peanuts

The Food and Drug Administration announced that a recall of cookie products has been upgraded to its most serious risk category over the potential presence of undeclared peanuts.Gregory's Foods first ...

Jan 23 3 views

Elon Musk says Tesla will likely sell humanoid robots by end of next year

Tesla CEO Elon Musk said Thursday the company is planning to make its Optimus robots available for sale to the public by the end of 2027.Musk spoke at the World Economic Forum in Davos, Switzerland, a...

Jan 22 0 views

Mortgage rates tick higher but remain near 3-year low

Mortgage rates ticked higher this week but remain the lowest in three years, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the...

Jan 22 2 views

Fed's favored inflation gauge shows consumer prices remained elevated in November

The Federal Reserve's preferred inflation gauge showed that consumer prices remained elevated in November, ahead of the central bank's policy meeting next week.The Commerce Department on Thursday repo...

Jan 22 4 views

US economy grew at fastest pace in 2 years in third quarter, fueled by consumer spending

The U.S. economy grew at a faster pace than expected in the third quarter, according to the Commerce Department's estimate.The Bureau of Economic Analysis (BEA) on Thursday released its final reading ...

Jan 22 13 views

Trio of dairy giants recall infant formula over contamination fears

Three of the world's largest dairy companies are recalling and blocking batches of infant milk formula due to the possible contamination of cereulide, a toxin that can cause nausea and vomiting.The co...

Jan 22 40 views

Effort to rein in Wall Street landlords could push US home prices up, investors say

President Donald Trump's push to restrict Wall Street investors from buying up single-family homes in the name of promoting affordability could have the opposite effect and push prices higher, investo...

Jan 21 10 views

GameStop shuttering 30 New York locations as part of nationwide closures linked to falling sales

GameStop is shutting down roughly 30 stores in New York as part of a nationwide shuttering that will impact at least 470 locations by the end of the month, according to an online compilation of the cl...

Jan 21 1 views

Washington's proposed millionaire tax sparks concerns of broader levy, 'damage' to state's economy

Washington state GOP Chairman Jim Walsh is pushing back against Gov. Bob Ferguson's proposed "millionaire tax," warning that it could affect more than the state's wealthy residents.The millionaire’s t...

Jan 20 1 views

Airlines have 580 million reasons to like GLP-1 weight-loss drugs, analysis finds

Airlines stand to save a potential $580 million as travelers slim down thanks to the effects of weight-loss drugs, a new study found.Sheila Kahyaoglu, an equity analyst at Jefferies and an author of t...

Jan 19 2 views

Americans' paychecks grow stronger as Main Street shows new economic strength

Recent economic data shows signs of growing strength on Main Street, as Americans' take-home pay ticks higher and contributes to rising retail sales and home purchases – though some headwinds remain.D...

Jan 19 3 views