Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
NYC Budget Chief Briefs Democratic Socialists on City Finances, Raising Ethics Questions
Sherif Soliman told DSA members at a closed-door June 1 event that he has 'the power of the purse,' prompting debate over use of public office for political outreach.
China Approves Brain Implant Ahead of Neuralink, Marking First Commercial Use Outside U.S.
Neuracle Technology's NEO device received regulatory clearance through China's national health insurance system while competing companies like Synchron raised $200 million in late 2025.
Federal Safety Database Missing Dozens of Transdev Crash Records, Investigation Finds
A ProPublica and WBUR investigation found 60 fatal crashes linked to the Boston school bus contractor over a decade, but only 18 appear in FMCSA records.
Treasury Plans to Use Iranian Assets for Gulf Allies' Reconstruction
The plan comes as the U.S.-Iran war passes the three-month mark and oil prices rise due to the closure of the Strait of Hormuz, a critical waterway.
Trader Joe's Receipt Settlement Deadline Approaches for Qualifying Shoppers
Qualifying customers who shopped at affected stores during a five-month period in 2019 may be eligible for an estimated $102.45 payment from the $7.4 million class action settlement.
U.S. Mortgage Rates Are Staying High — and the Federal Reserve Can Do Little About It
The 30-year rate hit 6.48% this week, leaving homebuyers with few options despite pressure from President Trump on the central bank to cut borrowing costs.
U.S. Mortgage Rates Stay Above 6% as Fed Influence Remains Limited
The 30-year rate reached 6.48% on June 4, leaving homebuyers facing elevated borrowing costs despite the central bank's recent rate cuts.
U.S. Employers Add 172,000 Jobs in May as Labor Market Shows Resilience Amid Iran War Costs
The unemployment rate held steady at 4.3% while hiring has now exceeded 100,000 jobs for three consecutive months, according to the Labor Department report.
Bipartisan Summit Proposed as Solution to Address Growing Debt and Social Security Solvency
Op-ed from former congressional staff argues a two-step process of expert commission followed by legislative summit could achieve $2.9 trillion in deficit reduction.
Justice Department Alleges SPLC Paid KKK Members to Stay Active, Funded Robes and Cross-Burnings
Federal prosecutors say the civil rights organization paid more than $4.1 million to informants embedded in extremist groups between 2010 and 2023.