Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Federal Officials Plan to Offload Some Warehouses Purchased for Immigrant Detention
Immigration and Customs Enforcement is retreating from a plan to hold up to 10,000 detainees at single sites, scrapping $1 billion in warehouse purchases amid legal challenges and infrastructure concerns.
Prediction Markets Face Scrutiny Over Marketing Practices as Regulatory Window Remains Open
Critics say platforms like Polymarket are exploiting the gap between advertising claims and actual products during a period of favorable federal oversight.
Polymarket Launches Investigation After Wall Street Journal Report on Deceptive Marketing Practices
The prediction market platform says it is auditing its promotional content after an investigation alleged creators were paid to produce videos showing $1.9 million in fake winnings.
After Losing Jobs for Posting About Charlie Kirk's Assassination, Some Receive Six-Figure Settlements
Reuters documented more than 600 public employees who faced consequences for social media posts about the conservative activist shot in September 2025.
Texas Gov. Abbott Says State Will Seek Federal Reimbursement for Border Security Costs Incurred During Biden Administration
The move opens a new chapter in ongoing disputes over who bears responsibility for border enforcement expenses, with Texas seeking billions.
Fed Holds Rates Steady at 3.5% to 3.75%, Warsh Breaks With Colleagues on Projections
Inflation hit a three-year high of 4.2 percent in May amid energy shocks from the Iran war, complicating the central bank's rate decisions.
Influential Former Fed Chair Alan Greenspan Dies at 100
Greenspan led the Federal Reserve for nearly two decades, shaping monetary policy through multiple economic crises from the dot-com boom to the 2008 financial turmoil.
Poll: 44% of Americans Say Election Betting Should Be Illegal as Prediction Markets Explode
The POLITICO Poll conducted by Public First finds a majority would not consider using prediction markets despite nearly $700 million already wagered on 2028 presidential race.
College Student Posted Videos of $410,000 in Polymarket Wins That Never Happened, WSJ Reports
Wall Street Journal investigation found George Makihara staged the betting videos to build a social media following around prediction market content.
Curaçao Uses World Cup Spotlight to Court American Investors at Kansas City Conference
The Caribbean island of roughly 158,000 people is leveraging its historic World Cup qualification to attract foreign investment in energy, logistics, and hospitality sectors.