Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
BlackRock CEO Warns $150 Oil Could Trigger Global Recession
Larry Fink, whose firm manages $14 trillion in assets, said prolonged high oil prices stemming from Middle East tensions would have profound economic implications.
Iran Parliament Speaker Warns Buyers of US Treasury Bonds Are 'Legitimate Targets'
Ghalibaf says financial institutions funding US military budget will be targeted, as tensions escalate after weeks of strikes.
Robert Frazer Appointed US Attorney for New Jersey After Year of Legal Turmoil
Career prosecutor with two decades of experience takes over the district following months of court battles over leadership appointments.
Workers' Job Market Gloom Has Increased Dramatically Over the Past Few Years, Gallup Survey Finds
Just 28% of workers say now is a good time to find a quality job, down from 70% in mid-2022, with college graduates particularly pessimistic.
NYC Spent Over $368 Million To Combat Homelessness This Past Fiscal Year. Now the State Can't Track the Money.
The $368 million spent on unsheltered homeless New Yorkers is more than triple the FY 2019 amount, yet state auditors say tracking fund allocation remains problematic.
Chicago Faces $1 Billion Budget Gap as Experts Warn of 'Pay Later' Financial Crisis
The city's 2025 fiscal year projects a $150 million deficit, with about 40% of the budget going to debt service and pension costs.
Chicago's $1 Billion Budget Gap Stokes Debate Over Mayor Johnson's Fiscal Leadership
The nation's third-largest city projects a $150 million deficit as debt service consumes 40% of its budget, drawing scrutiny from both progressive and conservative analysts.
Polymarket's Situation Room Bar Opening Marred by Technical Failures in Washington
Prediction market's much-hyped DC pop-up opened Friday but monitors remained off due to electrical issues, prompting early closure and viral mockery.
States Need Data Tools and Incentives to Stop Improper Federal Payments
With $2 trillion in annual deficits, experts say federal databases to verify eligibility are underutilized despite known gaps.
Federal Reserve Holds Rates Steady Amid Mixed Economic Signals
The Fed kept its benchmark rate at 3.5% to 3.75% as February payrolls fell by 92,000 and fourth-quarter GDP was revised down to 0.7%.