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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
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World
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All Stories

Economy

695 articles · sorted by newest first

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Latest in Economy

Latest in Economy
20 results
Economy 4/14/2026

7-Eleven closing hundreds of locations amid company’s transition to new store format: reports

7-Eleven is reportedly closing hundreds of its locations across the United States as part of a significant strategic shift towards a new store format. While many sites are slated for outright closure, some will undergo conversion into wholesale fuel stores, which the company intends to track separately from its main retail count. This move signals a substantial re-evaluation of the convenience store giant's physical footprint and its operational strategy in key markets.

Editorial Team1 min
7-Eleven closing hundreds of locations amid company’s transition to new store format: reports
Economy 4/14/2026

Existing Home Sales Remained Sluggish In March

Existing home sales in the United States retreated in March, falling 3.6% after a brief rebound in February, to an annual rate of 4.19 million units. This marks a significant cooling in housing activity as the spring buying season began, with the median existing-home price also rising by 4.8% from a year ago.

Editorial Team1 min
Existing Home Sales Remained Sluggish In March
Economy 4/13/2026

Crypto News: Pepeto Announces Fast Stage Sell Out While BNB Price Prediction Targets $900 and Whale Wallets Quietly Move Elsewhere

Pepeto, a nascent cryptocurrency project, has announced a remarkably swift sell-out of its latest presale stage, pushing its total raise above $8,971. This development comes amidst broader crypto news that directly links Pepeto's potential to the projected price growth of BNB, with market predictions targeting $900 for the established exchange coin, even as large holders known as "Whale Wallets" are reportedly shifting their significant holdings.

Editorial Team1 min
Crypto News: Pepeto Announces Fast Stage Sell Out While BNB Price Prediction Targets $900 and Whale Wallets Quietly Move Elsewhere
Economy 4/13/2026

Crude to cost $150? Trump's Hormuz blockade threat risks oil shock

Oil prices could surge to $150 a barrel if the United States proceeds with a threatened blockade of the Strait of Hormuz, potentially disrupting 12 million barrels per day of global supply. This threat follows Brent crude already surpassing $103 after recent failed talks with Iran, although traders remain skeptical of a full blockade despite rising tensions and visible naval preparations.

Editorial Team1 min
Crude to cost $150? Trump's Hormuz blockade threat risks oil shock
Economy 4/9/2026

If I Had $5,000 to Invest in Artificial Intelligence (AI) Stocks After the Nasdaq Correction, I'd Buy These 3

The Nasdaq Composite, a key barometer for technology and growth stocks, officially entered "correction" territory in late March 2024, signaling a decline of more than 10% from its recent peak. This market dip has prompted investment analysts to identify strategic buying opportunities, particularly within the high-growth Artificial Intelligence (AI) sector, with some experts suggesting specific AI stocks for a $5,000 investment.

Editorial Team1 min
If I Had $5,000 to Invest in Artificial Intelligence (AI) Stocks After the Nasdaq Correction, I'd Buy These 3
Economy 4/9/2026

'Trump Accounts' for kids: How the program works and when it begins

A new federal initiative, dubbed 'Trump Accounts,' is set to launch, offering a $1,000 seed payment to all children from birth to establish foundational savings. The program, passed under the newly enacted One Big Beautiful Bill Act, aims to foster early financial literacy and provide a monetary head start for future generations.

Editorial Team1 min
'Trump Accounts' for kids: How the program works and when it begins
Economy 4/9/2026

Valero's Port Arthur refinery blast destroyed diesel hydrotreater control room - Reuters

A critical diesel hydrotreater and its control room at Valero's 380,000 barrel-per-day Port Arthur, Texas refinery were destroyed in an explosion and fire, according to Reuters. This incident impacts a key processing unit essential for producing ultra-low sulfur diesel and other refined products at one of the largest refineries in the United States, raising concerns about regional fuel supplies.

Editorial Team1 min
Valero's Port Arthur refinery blast destroyed diesel hydrotreater control room - Reuters
Economy 4/9/2026

Rideshare drivers look for work elsewhere as gas prices soar

Rideshare drivers across major markets are increasingly considering or actively pursuing alternative employment as persistently high gasoline prices severely erode their net earnings. This trend highlights a significant challenge for the gig economy model, which relies on a flexible, readily available workforce, but often shifts operational costs like fuel directly onto individual contractors. The financial strain is prompting a re-evaluation of the industry's economic viability for many, leading to a potential contraction in the available driver pool.

Editorial Team1 min
Rideshare drivers look for work elsewhere as gas prices soar
Economy 4/8/2026

Shell says oil trading surged even as war damage hit its Middle East operations

Energy giant Shell reported a surge in its oil trading activities, successfully navigating market volatility even as its Middle East operations contended with damage from ongoing regional conflicts. This corporate resilience comes amidst a significant dip in crude oil prices, which plunged below $100 a barrel on Wednesday following news of a two-week ceasefire agreement between the United States and Iran. Despite this recent decline, oil prices globally remain robust, having surged by over 50% since the beginning of the year.

Editorial Team1 min
Shell says oil trading surged even as war damage hit its Middle East operations
Economy 4/8/2026

China’s Yuan Climbs to Three-Year High on Iran Ceasefire Boost

China's Yuan currency has reached a three-year high against the US dollar following news of a significant ceasefire involving Iran, marking a notable appreciation in the Renminbi's value.

Editorial Team1 min
China’s Yuan Climbs to Three-Year High on Iran Ceasefire Boost
Economy 4/7/2026

Toyota Camry-beating price for BYD's first Aussie hybrid that's not an SUV or ute - drive.com.au

BYD has launched its Seal 6 plug-in hybrid sedan and wagon in Australia, aggressively pricing it to undercut the popular Toyota Camry. Positioned as Australia's most affordable PHEV sedan, the Seal 6 offers significant electric-only range and a total range exceeding 1400km, marking BYD's first non-SUV/ute hybrid offering in the market.

Editorial Team1 min
Toyota Camry-beating price for BYD's first Aussie hybrid that's not an SUV or ute - drive.com.au
Economy 4/7/2026

Geopolitical Crucible: Assessing India’s corporate resilience against exogenous shocks

Emerging reports highlight India's robust economic posture, showcasing strong corporate balance sheets, a resilient banking system, and overall macroeconomic stability. This solid foundation positions the nation to effectively withstand potential "exogenous shocks" stemming from the current volatile global environment.

Editorial Team1 min
Geopolitical Crucible: Assessing India’s corporate resilience against exogenous shocks
Economy 4/7/2026

Manila LGU increases Libreng Sakay program drivers subsidy to P4,000

The Manila local government unit has announced an increase in its "Libreng Sakay" (free ride) program's driver subsidy, raising it from P3,500 to P4,000. This adjustment follows a significant P17 to P19 hike in diesel prices earlier this week, marking a direct intervention to support the transport sector.

Editorial Team1 min
Manila LGU increases Libreng Sakay program drivers subsidy to P4,000
Economy 4/7/2026

Oil Shock Pushes Thailand’s Inflation Toward Positive Territory

Thailand is poised to exit a year-long period of falling prices, with its inflation rate nearing positive territory due to surging global crude oil costs. This shift marks an end to a deflationary trend, indicating a turnaround in consumer prices driven primarily by external energy market pressures.

Editorial Team1 min
Oil Shock Pushes Thailand’s Inflation Toward Positive Territory
Economy 4/7/2026

Once Sweden’s top company, H&M’s struggling to sell its rebound story

H&M's leadership is currently engaged in a critical effort to persuade the market that the Swedish retail giant is successfully navigating a turnaround, following a period where it was once the nation’s most valuable enterprise.

Editorial Team1 min
Once Sweden’s top company, H&M’s struggling to sell its rebound story
Economy 4/7/2026

Why a Wall Street Analyst Warns Tesla Shares Could Drop 60%

A prominent Wall Street analyst, Gordon Johnson of GLJ Research, has issued a stark warning that Tesla shares could plummet by 60% from current levels. This bearish outlook is driven by increasing concerns over weakening sales performance, shrinking profit margins, and record-high inventory levels accumulated by the electric vehicle giant.

Editorial Team1 min
Why a Wall Street Analyst Warns Tesla Shares Could Drop 60%
Economy 4/7/2026

India seeks 2.5 mt urea imports ahead of sowing season

India is urgently seeking 2.5 million tonnes of urea through a global tender, issued by Indian Potash Ltd (IPL), with shipments required before June 14. This critical import aims to bolster reserves of the vital soil nutrient ahead of the nation's main Kharif sowing season, which commences in June.

Editorial Team1 min
India seeks 2.5 mt urea imports ahead of sowing season
Economy 4/6/2026

D-St eyes ‘Sell on Rise’ strategy amid West Asia tensions

The Indian stock market (D-Street) is bracing for a volatile week, adopting a "Sell on Rise" strategy as persistent West Asia tensions fuel investor uncertainty. Benchmark indices Nifty and Sensex have experienced a six-week losing streak, leading to "oversold" conditions, yet a bearish bias persists, with market analysts projecting further downside if key support levels are breached.

Editorial Team1 min
D-St eyes ‘Sell on Rise’ strategy amid West Asia tensions
Economy 4/6/2026

Trading Plan: Will Nifty 50, Bank Nifty see follow-through buying amid geopolitical tensions? - Moneycontrol.com

Indian benchmark indices, the Nifty 50 and Bank Nifty, are experiencing significant volatility, with the Nifty rising above 22,700 following a sharp recovery, as market participants assess the potential for sustained follow-through buying.

Editorial Team1 min
Trading Plan: Will Nifty 50, Bank Nifty see follow-through buying amid geopolitical tensions? - Moneycontrol.com
Economy 4/6/2026

Trading Plan: Will Nifty 50, Bank Nifty see follow-through buying amid geopolitical tensions?

Indian benchmark indices, the Nifty 50 and Bank Nifty, are poised at critical junctures, with analysts observing potential for continued upward momentum ('follow-through buying') but also significant resistance levels. The Nifty 50 faces potential resistance between 22,800–23,000, while failure to maintain current levels could see it retreat to support zones around 22,500–22,450, with 22,200 identified as critical support. These movements are unfolding against a backdrop of escalating global geopolitical tensions.

Editorial Team1 min
Trading Plan: Will Nifty 50, Bank Nifty see follow-through buying amid geopolitical tensions?
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