February 2026 employment update: US economy lost 92,000 jobs, significantly under projections
In February, the U.S. economy surprisingly lost jobs, with employers cutting 92,000 positions amid growing economic uncertainty. This figure sharply contrasts with the expectations of economists, who had anticipated a gain of 59,000 jobs. February 2026 Employment Report Highlights The Labor Department released a report indicating a 4.4% unemployment rate, slightly above the 4.3% predicted. […]
More Americans Feel the Economy and Politics Are Unfairly Rigged Against Them Compared to After the Great Recession, Survey Reveals
A recent NBC News poll indicates that a significant number of Americans think the economic and political systems are rigged against them, reaching levels not seen in decades. Nearly 60% of voters express this sentiment, marking a record high in the nearly 40 years that NBC has conducted national polling. Specifically, 59% of respondents believe […]
BlackRock’s CEO Larry Fink states that the war in Iran won’t impact the economy, even with rising gas prices.
Larry Fink, CEO and Chairman of BlackRock, shared his thoughts on the U.S. conflict with Iran, asserting that it won’t have a lasting economic impact, despite rising oil prices in the U.S. “Do you think this war will drag on? I don’t,” Fink said during an interview on Fox News with Bret Baier. “Will oil […]
Trump acts as the main supporter of the economy, showcasing hockey champions to illustrate America’s success.
WASHINGTON — In what became the longest State of the Union address in history, President Trump celebrated what he called a “turnaround” in the economy, citing the U.S. Olympic men’s hockey team as a symbol of how the nation is “winning” like never before. Playing to a massive TV audience, Trump painted a picture of […]
Board of Peace is exploring ‘stablecoin’ to enhance the economy of postwar Gaza.
Gaza’s Economic Recovery: Potential New Virtual Currency Officials from the US-led Peace Commission, which is overseeing Gaza’s reconstruction following the conflict, are reportedly exploring the idea of introducing a virtual currency to help boost the region’s economic recovery. This proposed currency would be a “stablecoin,” designed to maintain a stable value by being linked to […]
Stocks from the traditional economy appear pricey, while software seems affordable. Will this be enough to stop the shift?
Wall Street Shifts Focus: Insights on Software and Traditional Stocks According to a recent Wall Street poll, more individuals are starting to engage with software investments. This shift isn’t surprising; analysts are aware of the price movements and the upcoming earnings reports. But it raises an interesting question: could this signal the end of the […]
As the New York City economy struggles, Mamdani’s budget shortfall could soon increase significantly.
Mayor Mamdani’s Financial Dilemma Mayor Zoran Mamdani sees himself as a victim of a major financial crisis, but perhaps he should feel a bit more fortunate given the circumstances. New York City is grappling with significant spending issues, but the revenue stream remains robust—at least for now. This, however, might not be the case for […]
As the US economy significantly slows down, the Fed’s favored measure of inflation remains high, probably delaying interest rate cuts.
U.S. Economic Growth Slows as Inflation Concerns Rise The latest economic report suggests a notable deceleration in U.S. economic growth, raising questions about the Federal Reserve’s ability to implement further interest rate cuts. On Friday, new data from the Commerce Department revealed that gross domestic product (GDP) increased at an annualized rate of just 1.4% […]
Trump’s team prioritizes the economy in their midterm strategy discussion.
Trump’s Team Focuses on Economy in Midterm Strategy Session In a strategy session with key members of the Trump administration, the message was clear: it’s all about economics. This meeting, held behind closed doors, included cabinet members and aides discussing how to effectively promote the president’s policies as the midterm elections approach. Chief of Staff […]
Democrats criticize Trump’s economy even with strong economic progress in January.
Democrats express doubts about President Donald Trump’s economic record, criticizing what they describe as the nation’s “economic slack,” even as a recent January report indicated better-than-expected inflation and job market figures. The U.S. Bureau of Labor Statistics revealed that prices increased by only 2.5% compared to the previous year, moving closer to the Federal Reserve’s […]