Stories tagged with Economy, curated through a biblical lens.
The FCC is moving to end a Biden-era rule that required internet service providers to disclose all of their fees to consumers. Critics warn the rollback could make broadband pricing less transparent for households.
The Department of Government Efficiency has officially ceased operations, ending a high-profile effort to slash federal spending and staffing. Its shutdown closes a controversial chapter of the administration's cost-cutting agenda.
Cuba has suffered its third nationwide blackout of the year as the island's crumbling power grid buckles under a worsening energy crisis. Millions were left without electricity amid ongoing fuel shortages and economic strain.
President Trump announced that Walmart and several gas retailers will lower prices, including cutting beef by nearly 15%, framing the move as part of an administration push to ease grocery costs for the nation's 250th birthday. The rollout comes as cost-of-living concerns remain elevated for many American families.
Some Medicare beneficiaries who believed their prescription drug coverage was free are now losing those plans as insurers restructure their offerings. The changes are leaving older Americans scrambling to find affordable alternatives.
The Trump administration lifted tariffs on imported fertilizer that were imposed under President Biden, a move cheered by American farmers facing high input costs. Supporters argue the duties raised prices without protecting domestic producers.
Long a global hub for fake luxury goods, Vietnam is cracking down on its sprawling counterfeit black market. The effort targets a trade that has drawn international pressure.
President Trump plans to host an opening bell ceremony to celebrate the launch of 'Trump Accounts,' new tax-advantaged savings accounts for children. The Treasury is coordinating with the NYSE and Nasdaq.
On the anniversary of the sweeping GOP fiscal bill, Republicans touted its tax breaks while Democrats hammered its Medicaid cuts. The dueling messages preview a central 2026 campaign fight.
Seven OPEC+ countries agreed to modestly expand monthly oil production even as crude prices slide. The move signals the group's effort to defend market share amid softening demand.
America's first major offshore wind project is now generating power but is beset by technical and operational problems. The troubles raise questions about the cost and reliability of large-scale U.S. offshore wind development.
Medicare has begun offering GLP-1 weight-loss prescriptions for as little as $50, a shift that could dramatically expand access. Analysts say the change may reshape treatment of obesity and related conditions in the U.S. Costs and eligibility rules are still coming into focus.
Popular gadgets are poised to become significantly more expensive in another round of price increases, according to a new report. Analysts point to tariffs and supply pressures. Consumers may feel the pinch on phones, laptops and accessories.
Three nuclear energy startups have hit a significant technical milestone, drawing attention to a possible new wave of advanced reactors. Analysts debate how much the achievement will actually accelerate deployment given regulatory and cost hurdles. The news underscores growing investor interest in next-generation nuclear power.
A new law will protect children's lemonade stands after state employees were caught demanding fees. The measure shields young entrepreneurs from red tape targeting their summer ventures.
An AI-generated Alexander Hamilton will chat with visitors about economics at the Museum of American Finance, opening this weekend in Boston. The exhibit blends historical figures with conversational AI.
New York official Zohran Mamdani drew ridicule from Republicans after urging residents to set their thermostats to 78 degrees to save energy. Critics framed the appeal as out of touch amid an extreme heat wave.
Google lost its long-running appeal of a record European Union antitrust fine and must now pay $4.7 billion, capping one of the biggest regulatory battles in tech history.
A coalition of 25 states sued the Trump administration over new Medicaid work requirement rules, warning they could strip health coverage from millions.
Chinese e-commerce giant Alibaba agreed to pay $600 million to settle allegations that it allowed illegal drug and equipment sales on its platforms.
Home battery installations across the US reached a record high as households look to offset rising electricity costs and guard against grid instability.
The Philadelphia landmark that housed Alexander Hamilton's First Bank of the United States has reopened as a museum after years shuttered, spotlighting the roots of the US economy.
New federal rules reshaping repayment, forgiveness and borrowing limits take effect, changing the financial picture for millions of current and future student borrowers.
The Trump administration is blocking a long-term renewal of the USMCA trade agreement, throwing North American commerce into uncertainty as the US, Canada and Mexico open tense negotiations.
President Trump reported more than $1 billion in income from crypto ventures during his first year back in office, according to a newly released financial disclosure, with much of the windfall driven by meme coins. The filing renewed scrutiny over conflicts of interest as the administration continues to shape digital-asset policy. Estimates of the total ranged past $1.4 billion depending on how associated holdings were counted.
The UK government signaled it may intervene in Paramount's roughly $110 billion takeover of Warner Bros., citing concerns over the media megamerger. The move could complicate one of the entertainment industry's largest pending deals.
President Trump asked Elon Musk to donate SpaceX stock to help seed federal savings accounts for American children, according to a report. The unusual proposal would tie a flagship government savings program to the private space company.
Cryptocurrency companies have poured roughly $189 million into the 2026 U.S. elections so far, according to a new report, cementing the industry as one of the cycle's biggest political spenders. The figure underscores crypto's escalating push for influence in Washington.
Arkansas moved to bar soft drinks and candy from purchases made with food stamps, part of a growing push to steer federal nutrition benefits away from junk food. Supporters frame it as a health measure, while critics question restricting recipients' choices.
The FDA will permit Zyn nicotine pouches to be marketed as a less harmful alternative to cigarettes, a first-of-its-kind authorization for the popular product. The decision reflects a regulatory shift toward harm-reduction messaging for smokeless nicotine.
The Justice Department sued major egg producers, accusing them of conspiring to rig prices and squeeze consumers amid years of elevated grocery costs. The antitrust action targets an industry that has drawn scrutiny over soaring egg prices.
The Supreme Court struck down decades-old limits on coordinated spending between political parties and candidates, a ruling conservatives hailed as a First Amendment victory and critics blasted as handing more power to wealthy donors. Sen. Chris Murphy called the court an 'arm of the oligarchy' in the wake of the decision.
South Korea unveiled a roughly $1 trillion national push to expand memory-chip production and build out humanoid robotics, a sweeping bid to cement its lead in the technologies underpinning the AI boom.
The Supreme Court ruled that Federal Reserve Governor Lisa Cook may keep her seat for now, even as it upheld the president's power to fire other regulators in a decision liberal justices warned would destabilize independent agencies.
President Trump formally nominated acting Labor Secretary Keith Sonderling to lead the agency permanently, elevating the workplace-policy attorney who has run the department on an interim basis.
Rep. Alexandria Ocasio-Cortez called for breaking up big tech companies as consumers face rising prices on devices and services, reviving antitrust pressure on the industry. Her push lands as hardware makers raise prices, citing soaring memory costs.
An 'Almost Homeless' subreddit has become a raw window into Americans living on the financial edge amid soaring wealth inequality, Wired reports. The community chronicles families one missed paycheck away from losing their homes.
House Speaker Mike Johnson plans to send a bipartisan housing bill to President Trump on Monday. Some Democrats, however, say they wouldn't be surprised if Trump declines to sign the measure.
Shiela Boyd, an 81-year-old New York resident, saw her SNAP benefits suddenly cut from $298 a month to just $24, leaving her struggling to afford food. Her case highlights the impact of recent changes to the food assistance program on vulnerable seniors.
Former Federal Reserve Chairman Alan Greenspan has died, just days after current chairman Kevin Warsh held his first press conference. His death comes amid a broader shift at the central bank as Warsh signals a new direction on the balance sheet and inflation.
President Trump threatened to impose an immediate 100% tariff on European countries that levy digital taxes on American technology firms, saying the penalty would supersede existing trade deals. The move escalates transatlantic tensions amid a public falling-out between Trump and Italian Prime Minister Giorgia Meloni.
Some World Cup fans are missing matches after resale tickets purchased through platforms like StubHub fell through. The controversy exposes pitfalls in the secondary market for the high-demand tournament.
About 5 million people have dropped ACA insurance after Trump and the GOP allowed enhanced subsidies to lapse and premiums to climb, NPR reports. The exodus signals growing strain on the health insurance marketplace.
California Gov. Gavin Newsom called for a national billionaires tax, declaring 'it's time for an economic reset.' Critics noted he is simultaneously fighting a similar proposed wealth tax within his own state.
A million-dollar makeover has transformed an old railroad bridge into one of Kansas City's trendiest new hospitality venues, complete with sweeping views of the skyline. The adaptive-reuse project turned an aging piece of infrastructure into a community gathering spot. It is being hailed as a model for breathing new life into industrial relics.
The largest renewable energy project in U.S. history has come online, generating more power than the Hoover Dam. The milestone marks a major step in scaling clean energy onto the national grid. Backers say it demonstrates the growing capacity of large-scale renewable infrastructure.
Apple raised prices on MacBooks and iPads, pointing to skyrocketing memory costs as the driver of the increases. The move reflects broader supply pressures rippling through the chip and component markets. Analysts say it may be the last window to buy certain Apple devices at current prices for a while.
New York City's Rent Guidelines Board approved a two-year freeze on rents for nearly one million rent-stabilized apartments, delivering on a central campaign promise from Mayor Zohran Mamdani. Supporters call it relief for struggling tenants, while landlords and critics warn the freeze will starve building maintenance and accelerate housing decay. The vote marks the first concrete policy win of the Mamdani era as the city's democratic-socialist movement consolidates power.
Debt collection complaints rose 115% in 2025 as identity theft drives fake accounts, leaving consumers vulnerable to financial fraud. This surge highlights the growing threat of cybercrime and the need for better protection of personal financial data. Consumers are urged to learn their rights and take proactive steps to safeguard their money from fraudulent activities.
The White House is requesting $1.4 billion from Congress to help combat a rapidly worsening Ebola outbreak in Central Africa as part of a broader supplemental funding bill. This request aims to provide resources for containment efforts and protect American citizens and military personnel from potential spillover effects. The funding is critical for addressing a global health threat that could destabilize regions and impact international security.