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US economic growth outpaces G7 growth so far in 2026

US economic growth outpaces G7 growth so far in 2026

Recent economic data indicates that the United States is experiencing significantly stronger growth compared to other major developed nations this year. The U.S. gross domestic product (GDP) rose by 2% in the first quarter versus the previous quarter, as reported by the Bureau of Economic Statistics last week. In contrast, the Group of Seven (G7) […]

New York’s latest plan to tax the wealthy is an economic failure

New York's latest plan to tax the wealthy is an economic failure

New Tax Proposal from Governor Hochul New York Governor Kathy Hochul, a Democrat, is now concentrating on imposing taxes on affluent individuals. She has recently introduced a new pied-à-terre tax, which she describes as an issue of “fairness.” This tax would target non-resident owners of luxury properties in New York City and marks a notable […]

EUR/USD remains stable as US economic data and yields impact USD

EUR/USD Price Prediction: Approaches nine-day EMA support around 1.1850

Euro Gains Against US Dollar Amid Fluctuating Oil Prices The euro (EUR) strengthened against the US dollar (USD) on Tuesday, benefiting from a slight drop in oil prices that led to lower US Treasury yields, creating headwinds for the greenback. As of now, EUR/USD is trading around 1.1701, bouncing back from an intraday low of […]

Efforts to establish a $25 federal minimum wage raise economic concerns

Pro-AI super PAC commits $1.5M to support three GOP primary candidates

The federal government is under increasing pressure to implement a nationwide minimum wage of $25 an hour, especially as the housing affordability crisis continues to impact American families significantly. Saru Jayaraman, who leads One Fair Wage, expressed that frustration is mounting. “I think more and more people feel they need to juggle two or three […]

GOP Rep. Haridopolos Discusses the Effectiveness of Economic Pressure on Iran: There Is a ‘Challenge’ in Engaging ‘With Madmen’

GOP Rep. Haridopolos Discusses the Effectiveness of Economic Pressure on Iran: There Is a 'Challenge' in Engaging 'With Madmen'

Discussion on Iran’s Economic Situation During the CNN News Central broadcast on Friday, Representative Mike Khalidopoulos (R-Florida) was asked whether crippling Iran’s economy might persuade its leaders to negotiate. He noted that it’s complicated because the Iranian leadership might not be swayed by public opinion or fear of losing power, suggesting they could endure hardship […]

Trump’s ‘Economic Fury’ on Iran causes differing opinions among analysts about its true effects

Allies of the US opt out of military involvement in securing the Strait of Hormuz

Escalating Economic Pressures on Iran As the Trump administration steps up its campaign against Iran—through sanctions, increased naval presence, and financial actions—an important question looms: can this exceptional economic strain genuinely weaken the Iranian regime, or are its leaders capable of withstanding the pressure yet again? Treasury Secretary Scott Bessent noted in a post on […]

Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth

Central Bank Keeps Interest Rates Steady, Indicating Robust Economic Growth

The US Federal Reserve Keeps Interest Rates Steady The US Federal Reserve decided on Wednesday to maintain interest rates, showing a split in opinions among its members. The Fed noted in a statement that “recent indicators suggest that economic activity is expanding at a steady pace. Job growth has remained low on average, and the […]