Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Consumer Advocates Sue Polymarket Over Alleged Fake Bets, Secret Ads Targeting Students
The National Association of Consumer Advocates filed the complaint Friday in D.C. Superior Court, alleging the betting platform ran a deceptive marketing campaign targeting young people.
New York City Allocates $15 Million For Gender-Affirming Healthcare Initiatives Amid Federal Clash
Mayor Mamdani frames the taxpayer-funded package as a defense against federal efforts to restrict gender-affirming care, with city officials preparing for potential litigation.
GOP Fiscal Hawks Largely Unmoved by Hegseth's Defense Dollars Pitch
The $87.6 billion Iran supplemental and $1.5 trillion in combined defense requests face resistance from Republican budget conservatives demanding offsetting cuts.
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.