Economy and News
Macro shifts, policy moves, and the news that actually hits the budget.
Gold Crashes to $4,705 as Ceasefire Unwinds the Safe Haven Trade
The two-week ceasefire between the U.S. and Iran sent gold tumbling nearly 16% from its record highs, marking the biggest single-day...
One in Five People in Lebanon Has Been Displaced and the World Is Barely Watching
Israeli military operations have displaced 20 percent of Lebanon's population in one month and the humanitarian response is falling far...
Jet Fuel Prices Have Doubled Since February and Airlines Are Canceling Thousands of Flights
Jet fuel costs have nearly doubled since the start of the Iran war, and airlines worldwide are slashing routes, raising fares, and adding...
Job Openings Slip in March as Hiring Cools and Quits Rate Stays Low
The Bureau of Labor Statistics released the Job Openings and Labor Turnover Survey for March on Wednesday morning, showing openings...
Delta Is the Third Major Airline to Raise Bag Fees and Jet Fuel Is the Reason
Delta Air Lines joined American and United in raising checked bag fees as the Iran war drives jet fuel costs to their highest levels in...
Consumer Confidence Drops Again in April as Tariffs and Job Worries Compound
The Conference Board's April reading came in below consensus as households flagged tariff costs, weakening job availability, and a tougher...
Disney Plans to Cut Up to 1,000 Jobs as New CEO Josh D'Amaro Reshapes the Company
Disney is reportedly preparing to lay off as many as 1,000 employees in the coming months as new CEO Josh D'Amaro moves to streamline...
IRS Data Shows Florida Pulled In Over 20 Billion Dollars in Wealth Migration Since 2019
Newly released IRS data reveals Florida netted 20.65 billion dollars in adjusted gross income from tax filers who relocated between 2019...
The EIA Just Raised Its Gas Price Forecast and American Drivers Should Expect to Pay $4.30 a Gallon This Month
The Energy Information Administration sharply increased its gasoline price projections for 2026 and 2027 as the Iran conflict continues to...
What the Economy Is Actually Doing to Regular People Right Now
You don't need a financial degree to understand what's happening. But you do need to be paying attention.
Q1 2026 Earnings Season Is Telling a More Complicated Story Than Wall Street Headlines Suggest
The S&P 500 is hitting records and most companies are beating estimates. But read the actual earnings reports and the economy looks far...
The Affordability Economy Created a Housing Market Nobody Predicted
Sun Belt home prices are collapsing while Rust Belt cities are surging, and the regional divergence is rewriting everything investors and...
The Affordability Economy Has Flipped the American Housing Map Upside Down
National home price appreciation has slowed to 1.1 percent, the weakest since tracking began in 2012. Sun Belt markets that boomed during...
Georgia Senate Race 2026 Is Already Shaping Up to Be the Most Expensive Midterm Seat in America
Q1 fundraising reports filed this week show the Georgia Senate race has already pulled in more money than any other 2026 midterm contest....
Gold Hits 3,500 Record High as Safe Haven Demand Accelerates
Gold closed at a record 3,500 dollars an ounce this afternoon as the Hormuz situation stretched into a second week and central bank buying...
March Retail Sales Came In Soft and Consumers Are Sending a Clear Message
The Commerce Department's March retail report shows American consumers pulling back in the categories that carry the economy. Here is what...
March CPI Comes In Hotter Than Expected and the Fed Rate Path Just Narrowed
March inflation numbers released this morning came in at 3.4 percent year over year, above the 3.2 percent consensus, and the Fed now has...
Texas Senate GOP Runoff Heads Into Final Stretch With Paxton Up Eight on Cornyn
Texas Public Opinion Research released an April 17 poll showing Attorney General Ken Paxton leading Senator John Cornyn 48 to 40 percent...
13 States Are Now Seeing Home Prices Fall as the National Housing Market Hits an Affordability Ceiling
New data from Cotality shows annual home price appreciation slowed to just 0.5% in February, with 13 states recording outright declines....
April Jobs Report Preview: What to Watch on May 2
The Bureau of Labor Statistics releases the April employment situation report on May 2, and economists are watching payroll revisions, wage...
British Fighter Jets Scrambled in Romania After Russian Drone Crashes Damage Property
Two RAF Eurofighter Typhoons launched from Borcea Air Base early Saturday morning during a large overnight Russian strike on Ukraine. Drone...
The Tariff Refund Window Opens April 20 and Most Families Will Never See a Dime
The Supreme Court struck down Trump's IEEPA tariffs in February. The refund window opens April 20. Companies are entitled to billions....
The IMF Cut Its Global Growth Forecast Again and the Iran War Is the Reason
The IMF's April 2026 World Economic Outlook shows global growth slowing to 3.1 percent this year, with the adverse scenario now looking...
Meta Is Tracking What Its Employees Click. The Data Is Going to Train AI.
Meta confirmed plans to monitor employee activity at scale to build proprietary AI training datasets. Workers say they weren't fully...