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Economy

Stay informed with the latest updates on global and local economies, covering growth trends, market shifts, and policies that shape financial landscapes.

More than 17K coffee makers recalled after dozens of reported burn injuries

  • June 12, 2026
  • 6:25 AM

More than 17,000 Kidisle coffee makers have been recalled after reports of burn injuries from hot liquid or steam releasing unexpectedly.

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Inflation rose again in May as elevated energy prices squeeze consumers

  • June 10, 2026
  • 12:32 PM

The Bureau of Labor Statistics released the consumer price index (CPI) inflation data for May which showed that inflation rose and remained persistently high last month.

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Kia recalls 6K vehicles due to possible seat belt defect that could raise injury risk

  • June 9, 2026
  • 4:16 AM

Kia recalls more than 6,000 2027 Telluride and Telluride Hybrid models due to a seat belt malfunction linked to an incorrect vehicle sensor installation.

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AI remains top reason for US job cuts for third straight month as employers axed 97,000 workers in May

  • June 8, 2026
  • 8:40 PM

AI was the leading reason cited for U.S. job cuts for the third consecutive month, with 97,006 layoffs announced in May, according to new data.

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Americans grow more pessimistic about finances as rent and food cost fears surge, Fed says

  • June 8, 2026
  • 7:21 PM

More than 13% of U.S. households say they are much worse off financially, while 36% expect further deterioration, according to a. recent NY Fed survey.

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Gas-X capsules recalled over potential chemical contamination due to leaky machine: FDA

  • June 8, 2026
  • 2:41 AM

Gas-X Extra Strength Softgels were recalled nationwide due to potential chemical contamination from a machine leakage during packaging, the FDA announced.

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American Airlines reportedly pauses 6 domestic routes amid fuel price pressure tied to Iran conflict

  • June 7, 2026
  • 9:20 PM

The airline says six domestic routes will be paused for two months as carriers face higher fuel costs linked to instability in the Middle East.

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US economy added 172,000 jobs in May, beating expectations

  • June 5, 2026
  • 12:31 PM

The Bureau of Labor Statistics reported that 172,000 jobs were added in May, beating economist expectations of 85,000 while unemployment held at 4.3%.

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California loses Fortune 500 crown to Texas as billionaire tax threat looms

  • June 4, 2026
  • 3:12 PM

Governor Greg Abbott calls Texas the "undisputed headquarters of headquarters" as the state surpasses California with 57 Fortune 500 companies.

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Inflation is squeezing American consumers and the Fed’s latest report shows it’s getting worse

  • June 3, 2026
  • 9:34 PM

Federal Reserve Beige Book finds inflation rising at a strong pace across most districts, driven by energy costs tied to the Middle East conflict.

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