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Consumer

May 28, 2026

Brookings Report: Americans Face Affordability Crisis as Wages Stagnate Against Rising Costs

A new Brookings report highlights that stagnant wages, not just inflation, are pushing millions of American households toward financial precarity.

Companies

May 28, 2026

UK Faces ‘Lost Generation’ Crisis: Young People Out of Work Costing Economy £125 Billion Annually

A new report warns that young people out of work or training are costing the UK £125 billion annually.

Companies

May 28, 2026

New York City Passes Pied-a-Terre Tax on Luxury Second Homes

New York City has passed a new tax on luxury second homes valued at $1 million or more.

Markets

May 28, 2026

DOJ Charges Google Engineer with Insider Trading on Prediction Market

A Google engineer has been charged with fraud for allegedly using confidential company data to place bets on the prediction market platform Polymarket, netting...

Companies

May 28, 2026

Kohl’s Stock Surges 20% as Retailer Reports Strongest Comparable Sales Growth in Four Years

Kohl's stock jumped 20% after reporting its best comparable sales growth in four years.

Energy

May 28, 2026

Trump’s Gas Tax Holiday Proposal Faces Deeper Issues with Highway Funding

President Trump's proposed gas tax holiday offers minimal savings while threatening vital highway infrastructure funding, exposing the federal gas tax's long-standing financial crisis.

Consumer

May 28, 2026

April PCE Inflation Remains Stubbornly High, Signaling Fed Caution

April's PCE inflation remained elevated, with consumers dipping into savings as prices rise.

Consumer

May 27, 2026

Consumer Sentiment Hits Historic Lows Amidst Soaring Stock Market

Consumer sentiment is at historic lows, contrasting sharply with record stock market highs.

Energy

May 27, 2026

Ferrari’s $650,000 EV Faces Skepticism Amidst EU Auto Industry Pressures and Elevated Oil Prices

Ferrari's $650,000 EV faces criticism, while EU auto regulations pressure manufacturers. Geopolitical events in Iran influence oil prices, creating a complex market environment.

Consumer

May 27, 2026

US Food Insecurity Surpasses Pandemic Levels, New York Fed Survey Reveals

A Federal Reserve Bank of New York survey indicates that more Americans are going hungry now than during the pandemic's peak.