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Economy | News

News | Economy

Trump administration officials expect the strongest economy in years in 2026. Here's why.

Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.

News | Economy

Mortgage rates fall to lowest level since 2022

The average rate on a 30-year fixed mortgage fell this week to 6.06%, according to the latest Freddie Mac data released on Thursday. That is down from last week's reading of 6.16%.

News | Economy

U.S. economy sets 2-year high for growth, exceeding analysts' expectations by more than 40%

Plunge in private business investment from second quarter nearly stopped in third quarter, down just 0.3%, Commerce Department says.

News | Economy

Trump defies odds, achieves economic triple play with rate cuts, tariffs and cooling inflation

Trump is defying the dire warnings of economists and the left—who insisted that rate cuts plus tariffs would make cooling inflation impossible—by delivering exactly that trifecta right now.

News | Economy

Local News Claimed Somalis Add to the State Economy, Then the Internet Did the Math - It Didn't Add Up

The article claimed that Somali immigrants are a net benefit to Minnesota because they pay $67 million in taxes.

News | Economy

Black Friday expected to see more than 185 million shoppers, which would set the record

The National Retail Federation announced last week that a record 186.9 million people nationwide, an increase of more than 3 million from last year, were planning to shop on Black Friday, according to its annual consumer survey.

News | Economy

Entire UPS Fleet of Planes Grounded After Fatal Crash

The airline expects it will be several months before its McDonnell Douglas MD-11 fleet returns to service as it works to meet guidelines.

News | Economy

US Debt Rose By $620 Billion During The Government Shutdown

... adding more leverage to the system, sustaining the economy, supporting asset values

News | Economy

ObamaCare Premiums Are Going Up, New Figures Show

Previews from a dozen states show people will have to pay more for health insurance next year...

News | Economy

EXCLUSIVE: Trump Admin Reveals Devastating Impact of Shutdown on Small Businesses

Hundreds of small businesses are in peril during the government shutdown as they are unable to access their federal government loans.

    News | Economy

    US Foreclosure Filings Jumped 17% In Q3

    The persisting trend of higher foreclosure activity could be "an early indicator of emerging borrower strain"...

    News | Economy

    US oil production hits record-high in July: 13.6 million barrels a day

    The agency now projects U.S. crude oil production will average 13.5 million b/d in both 2025 and 2026.

      News | Economy

      Vegas planning new casino to wrap around MLB stadium for city's newest professional sports team

      Along Las Vegas Boulevard and on the site of the former mob-era Tropicana casino, the proposed resort casino by Bally’s would wrap around the formerly Oakland Athletics baseball stadium.

      News | Economy

      "$8 Gas Concerns Are Real For California": Chevron's El Segundo Refinery Blaze Sparks Goldman Warning

      "CVX headlines and implications… News of the fire at El Segundo (CA) lifting Refining complex higher today – to be very clear – the popular trade from an inbounds perspective has been long West Coast – and you can see that in price performance YTD

      News | Economy

      Wall Street unfazed on first day of government shutdown

      The first day of the first federal government shutdown in years didn’t seem to disrupt Wall Street, as both the S&P 500 and the Dow Jones Industrial Average closed at record highs Wednesday.

      News | Economy

      Exxon Planning To Cut 2,000 Jobs Worldwide

      And Exxon is hardly alone in trimming staff. As we have noted over the past few months...Chevron, ConocoPhillips, and BP have also each announced thousands of job cuts...

      News | Economy

      Breitbart Business Digest: Tariffs Are Reducing Prices and Humiliating Economists

      The prices of goods affected by tariffs fell in August, crushing the hopes of everyone at the Cato Institute.

      News | Economy

      Is A Second Wave Of Inflation Coming?

      There are already reasons to be on the lookout.

      News | Economy

      Las Vegas tourism officials blame tariffs for fewer visitors as others say magic’s gone

      Las Vegas tourism has been in decline as Canadian visitors drop more than 20% due to tariffs and international relations, say officials at the Vegas Convention and Visitors Authority board meeting.

      News | Economy

      Trump: Government May Sell Fannie/Freddie Shares, Raise $30B, Cut $8T in Liabilities, Avert 2008-Style Financial Crisis | The Gateway Pundit | by Antonio Graceffo

                  The Trump administration is weighing the sale of Fannie Mae and Freddie Mac shares in an offering that could begin as early as this year.

      News | Economy

      Vegas casino owner fires back at 'exaggerated' claims of Sin City's demise

      The Las Vegas tourism sector is facing some challenges, from reduced international visitors to economic concerns, as one casino owner predicts recovery within six months.

      News | Economy

      The Bubble Is Bursting: Delinquency Rates Have Doubled And Credit Card Defaults Are Soaring

      ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

        News | Economy

        Objective Truth about Extremism: An Economist’s Analysis of Jihadist Impact on Technological Regression | The Gateway Pundit | by Antonio Graceffo

                    By applying post-doctoral-level economic analysis, I aim to mathematically and objectively demonstrate that jihadist activity drives countries into technological regression, potentially devolving entire societies to a level of devel

          News | Economy

          Cash Sent Home By Mexicans Craters 16.2% In June As More Immigrants Leave US Workforce

          ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero