Economy
16 articles
UK Household Energy Bills Set for 'Deeply Unwelcome' 13% Hike as Iran War Oil Shock Bites
Ofgem announced a 13% rise in the UK energy price cap starting July 2026, driven by the Iran war's disruption of global energy markets, pushing gas bills up 24% for British households.
The Middle East War Is Putting Gulf AI Ambitions to the Test
The conflict between the US, Israel, and Iran is forcing data center developers and tech investors to rethink the Gulf's $100B+ AI infrastructure bet as attacks, energy risk, and uncertainty mount.
Kevin Warsh Sworn In as Fed Chair at the White House
Kevin Warsh takes the oath as the 17th chair of the Federal Reserve in a White House ceremony hosted by President Trump, the first Fed chair swearing-in...
G7 Finance Ministers Meet in Paris as Hormuz Closure Hits Economy
G7 finance ministers gather in Paris this week as Brent crude sits above $109, 30-year Treasury yields hit a one-year high
Why Central Banks May Trigger a Recession to Fight Iran's Oil Shock
The Fed and ECB face an impossible choice: raise rates to tame oil-driven inflation and risk a global recession, or hold steady and watch prices spiral.
The Growing Credit Gap in America's Economy
The financial divide between super prime and subprime borrowers has widened past pre-pandemic levels, revealing a two-speed economy where creditworthy...
What Causes Inflation? 6 Key Drivers Explained Simply (2026)
What causes inflation? Demand surges, supply shocks, money printing, wage spirals, global disruptions, and expectations.
OPEC+ Boosts Oil Production in Symbolic Move
OPEC+ pledged a small June production increase, but with Iran's oil offline and the Strait of Hormuz under pressure, the gesture barely dents a massive...
Fed Interest Rate Forecast 2026: When Cuts Are Coming and What They Mean for You
Fed officials signal rate cuts could begin as early as summer 2026. See the latest forecast, expected timeline, and what lower rates mean for mortgages
Economic Cost of Extremism in Rural America
Far-right movements in states like Idaho are costing rural communities real money through school voucher programs, defunded services
America's $36 Trillion Debt Hits Bond Markets
The US national debt has crossed $36 trillion, with annual interest payments now exceeding the defense budget.
The Fed's April Dilemma: Inflation Stalls at 3.2% While Labor Market Cracks Widen
The Fed faces its toughest moment since 2022: inflation stalled at 3.2%, claims rising, and stagflation fears reshaping Wall Street expectations.