Economy & Markets — Archive
Fed policy, inflation, jobs, market trends, and fiscal analysis
Billions in Taxpayer Income Are Leaving California, New York as Americans Relocate to Lower-Tax States
IRS data show the 10 counties with the largest net losses of taxpayers were all located in California and New York, with departing filers taking nearly $1.9 billion from Los Angeles County alone.
Budget Consequences of Graham's Sudden Departure
The departure of Senator Lindsey Graham from the Senate Budget Committee has created procedural complications for Republican fiscal priorities, with implications for reconciliation efforts and committee assignments.
Congresswoman Dina Titus Urges CFTC to Close Regulatory Loophole on Prediction Markets
The Nevada Democrat argues that platforms like Kalshi exploit a gap by labeling event contracts as financial derivatives, bypassing state consumer protections.
Maine Sen. King Says Feds Lack Credibility, Locals Need Role in ICE Shooting Investigation
The independent senator called for body cameras, independent oversight, and an end to vehicle pursuit quotas following the fatal shooting of a 26-year-old Colombian national in Biddeford.
Manhattan Luxury Real Estate Market Slows as Mamdani Pied-à-Terre Tax Takes Effect
Brokers report just one trophy home above $10 million entered contract last week, citing mayor's rhetoric and new tax spooking affluent buyers.
Can American Economics Change?
Economists and policymakers debate whether the U.S. can fundamentally shift its approach to trade, tariffs, and fiscal policy under current leadership.
Qatar Investment Authority Vetoes Volkswagen-Rafael Deal, Jeopardizing 2,300 German Jobs
The QIA, holding 17% of VW voting rights as third-largest shareholder, blocked a partnership to manufacture Iron Dome components at the automaker's struggling Osnabrück plant.
Lawmakers Question Whether 'Adult' Game Labeling Misleads Consumers, Parents
Critics argue that the broad categorization conflates crude humor with mature content, while industry defenders say labeling decisions fall to manufacturers.
Prediction Market Users Wager Nearly $200 Million on Midterm Elections
NBC News analysis of 1,408 open markets on Kalshi and Polymarket reveals scale of political betting ahead of November contests.
Innovation, Data Fixes Fuel Native American Graduation Gains at Federally Funded Schools
Graduation rates at Bureau of Indian Education schools climbed from roughly 50% in 2015 to a record 79% by 2025, though tribal leaders warn that federal changes could threaten progress.