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Economics Headlines
Exclusive | Fed’s Barkin Says It’s a ‘Close Call’ Whether Rates Are High Enough wsj.com
The Richmond Fed president said he doesn’t know whether he would have joined the three colleagues who dissented in favor of a rate increase.
Source: wsj.com
Social media rumours, economic hardship fuel migrant surge into Ceuta reuters.com
As 16-year-old Moroccan Ayoub El Abyad scrolled through Instagram videos showing migrants crossing into the Spanish enclave of Ceuta, he and his cousin, then still a 12-hour drive from the border, decided to try their luck.
Source: reuters.com
Travel editor Peter Greenberg on economic value of Lollapalooza cbsnews.com
Source: cbsnews.com
‘Retiring backwards’: How cold economic reality forced Gen X into something like the reverse of baby boomers’ golden years fortune.com
Time to get the band back together and get on the skateboard. It’s a retirement plan from a thrift store.
Source: fortune.com
Major oil companies reap massive profits as U.S. and Iran fighting drives energy prices higher pbs.org
American oil and gas giants raked in massive spring profits while fighting between Iran and the U.S. impeded petroleum shipments and consumers around the world paid more for fuel and confronted shortages.
Source: pbs.org
Consumer Sentiment Strong in July, Inflation Expectations Drop usnews.com
Consumer sentiment jumped 12% in July, with improvement occurring across all demographics, income, age and political affiliation, the University of Michigan said on Friday. The university’s consumer sentiment index rose from 49.5 in June to 55.2, although it still remains 10.5% below where it was a …
Source: usnews.com
America needs a work visa system built for today, not 1990 statesman.com
Several industries critical to the U.S. economy rely on immigrant labor. Congress should expand legal work visas to meet those workforce needs, the Editorial Board writes.
Source: statesman.com
Inflation Worries Prompted Fed Officials to Dissent on Holding Rates Steady nytimes.com
Internal divisions over whether to raise interest rates intensified at Kevin Warsh’s second meeting as chairman of the Federal Reserve.
Source: nytimes.com
Canadian economy grew 0.3% in May cbc.ca
The figures show a second straight month of growth, with 13 of 20 industrial sectors contributing to the gains.
Source: cbc.ca
China, U.S. in artificial intelligence race shaping the economy & security katu.com
As AI rapidly transforms the global economy, competition between the United States and China is becoming increasingly focused on which nation will lead.
Source: katu.com
Trump’s tariffs aren’t crushing global trade washingtonpost.com
New poll shows many Americans don’t see economic relief from either Republican, Democratic parties cbsnews.com
Source: cbsnews.com
Trump announced a deal for Hamas to disarm. And, the U.S. economy slowed a bit npr.org
President Trump says a deal has been reached for Hamas to completely disarm and Israeli forces to withdraw from Gaza. And, the U.S. economy slowed some, but Americans continued to spend.
Source: npr.org
BTS are back: return of K-pop superstars sparks US economic boom theguardian.com
Cities in North America hosting 14 concerts in August and September – and economic impact is set to be significant
Source: theguardian.com
US, Israel considering land blockade to cripple Iran’s economy: Report timesofindia.indiatimes.com
The United States and Israel are discussing a possible land blockade of Iran as they seek to increase economic pressure on the regime after months of strikes failed to bring it to heel, The Telegraph reported.
Source: timesofindia.indiatimes.com