Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
US Announces Fresh Raft of Tariffs on Overseas Goods
The administration targets multiple trading partners with new import levies, marking an escalation in ongoing trade policy shifts.
U.S. Filings for Unemployment Aid Fall to 187,000 Last Week, Fewest Since 1969
The historically low weekly jobless claims come as June hiring slowed to just 57,000 jobs and major companies including Microsoft announced significant workforce cuts.
Subcontractor Alleges Unpaid Bills for Obama Presidential Center Work, Filed $1.72M Mechanic's Lien
Mike Owen of Adamson Plumbing Contractors says he is owed nearly $4 million and laid off 25 workers after a missed $100,000 payment disrupted his business operations.
House Passes Pentagon Funding and Limits on Stock Trades Before Recess
The package includes roughly $895 billion in defense spending alongside a provision barring members of Congress from trading individual stocks while in office.
The Battle for Congress Gets a Wall Street-Style Scoreboard Powered by Real-Money Bets
Kalshi launches Midterms Hub as prediction markets increasingly rival traditional polling in tracking election odds
Prediction Markets Emerge as New Tool for Tracking Congressional Races
Kalshi launches midterms hub combining real-money trading odds with polling data and fundraising figures, raising questions about market influence on election forecasting.
Arson Charge Lodged Against Ex-Army Soldier in Fiery Attack on Manhattan Federal Building
The case remains in early stages, with court documents outlining the specific charges but details still emerging.
States Want to Bring Medicaid Behind Bars as Federal Changes Complicate Efforts
A wave of state legislation seeks to extend Medicaid coverage to incarcerated individuals, but recent federal policy shifts are creating new obstacles for these initiatives.
House Adopts Biggs Amendment to Cut Defense Budget If Pentagon Fails Audit
The Republican measure would trigger a 0.5% spending reduction for any Pentagon component that does not pass its audit, adopted via voice vote Tuesday.
Wisconsin Election Officials Warn Prediction Market Bettors Could Lose Voting Rights
The state Election Commission says residents who place bets on elections they participate in face legal consequences including potential loss of ballot casting rights.