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Independent Journalism · Est. 2026
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Independent Journalism · Est. 2026
ACUMEN
World
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For YouWorldNationalTechnologyCultureEconomyNewsletter
All Stories

Economy

998 articles · sorted by newest first

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Latest in Economy

Latest in Economy
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Economy 5/13/2026

Tax changes will 'kneecap' young Australians, Coalition says

The Australian centre-right Coalition opposition has strongly condemned proposed property tax reforms, arguing that such changes would significantly worsen the housing crisis for young Australians. The Shadow Treasurer, Angus Taylor, specifically warned that the reforms would lead to higher rents and make home ownership an even more distant dream for the younger generation.

Editorial Team1 min
Tax changes will 'kneecap' young Australians, Coalition says
Economy 5/13/2026

Lawmakers weigh the effects of Trump's proposed gas tax holiday

Lawmakers are actively considering proposals, notably one put forth by former President Donald Trump, for a federal gas tax holiday. This initiative aims to temporarily suspend the federal excise tax on gasoline, with proponents suggesting it would alleviate financial pressure on consumers facing high fuel costs.

Editorial Team1 min
Lawmakers weigh the effects of Trump's proposed gas tax holiday
Economy 5/13/2026

SunPower Inc. (SPWR) Q1 2026 Earnings Call Transcript

SunPower Inc. (SPWR) is set to host its Q1 2026 Earnings Call on May 12, 2026, at 1:00 PM EDT. Key participants include Sioban Hickie, Vice President of Investor Relations, and Thurman Rodgers, who will discuss the company's financial performance and strategic outlook for the first quarter of the new fiscal year.

Editorial Team1 min
SunPower Inc. (SPWR) Q1 2026 Earnings Call Transcript
Economy 5/13/2026

SAG-AFTRA Leaders On What They Did — And Didn’t — Get in Their 2026 Negotiations

Key SAG-AFTRA leaders, including chief negotiator Duncan Crabtree-Ireland and the article-cited president Sean Astin, are publicly reflecting on the outcomes of their 2026 contract negotiations, expressing satisfaction with agreed-upon AI and pension provisions while simultaneously advocating for greater compensation gains.

Editorial Team1 min
SAG-AFTRA Leaders On What They Did — And Didn’t — Get in Their 2026 Negotiations
Economy 5/13/2026

Plans for $1.5b luxury Trump Tower on Gold Coast axed, developer confirms

Plans for a monumental $1.5 billion Trump Tower on Australia's Gold Coast have been officially canceled by the developer, ASF Group. The proposed 91-storey, branded skyscraper in Surfers Paradise would have been the country's tallest building, marking a significant foray for the Trump brand into the Australian luxury property market. The cancellation represents a high-profile setback for the region's development ambitions.

Editorial Team1 min
Plans for $1.5b luxury Trump Tower on Gold Coast axed, developer confirms
Economy 5/13/2026

Charles Croucher on property tax budget backflip

Nine Political Editor Charles Croucher is reporting on the New South Wales (NSW) government's recent decision regarding property taxes, specifically highlighting a significant 'budget backflip.' This refers to the NSW Labor government breaking a pledge related to its approach to property taxation, particularly concerning first-home buyers, as outlined in its latest fiscal announcements.

Editorial Team1 min
Charles Croucher on property tax budget backflip
Economy 5/13/2026

JBS Reports US$221 Million Net Income in the First Quarter of 2026

JBS, one of the world's largest food companies, reported a net income of US$221 million in the first quarter of 2026, on net revenue of US$21.6 billion, marking an 11% increase from the prior year. The company also posted an adjusted EBITDA of US$1.13 billion and a strong Return on Equity (ROE) of 22.1%, while maintaining its dollar-denominated leverage at a balanced 2.77x.

Editorial Team1 min
JBS Reports US$221 Million Net Income in the First Quarter of 2026
Economy 5/13/2026

Kopin Corporation (KOPN) Q1 2026 Earnings Call Transcript

Kopin Corporation (KOPN) held its Q1 2026 Earnings Call on May 12, 2026, with CEO Michael Murray and Erich Manz leading the discussion for investors and analysts. The call provided a crucial update on the company's financial performance, operational achievements, and strategic outlook for the coming quarters, particularly regarding its advanced microdisplay technologies and components for AR/VR, defense, and industrial applications.

Editorial Team1 min
Kopin Corporation (KOPN) Q1 2026 Earnings Call Transcript
Economy 5/12/2026

Osisko Development Reports First Quarter 2026 Results

Osisko Development Corp. reported its Q1 2026 results, highlighting a strong cash position of $594.3 million and the successful completion of a US$143.8 million common share offering. The company resumed activities at its flagship Cariboo Gold Project in British Columbia following a temporary suspension due to a fatal incident in January 2026, and advanced pre-construction and infill drilling. Additionally, Osisko Development sold its San Antonio Gold Project in Mexico and was included in the VanEck Junior Gold Miners ETF (GDXJ).

Editorial Team1 min
Osisko Development Reports First Quarter 2026 Results
Economy 5/12/2026

Toronto's Pearson airport launching multi-billion dollar modernization, expansion project

Officials at Toronto's Pearson International Airport have announced the launch of a multi-billion dollar modernization and expansion project, aimed at significantly upgrading its facilities to enhance capacity, improve operational efficiency, and elevate the passenger experience.

Editorial Team1 min
Toronto's Pearson airport launching multi-billion dollar modernization, expansion project
Economy 5/12/2026

Donaldson, Garrett & Associates Has Joined SAM

Surveying And Mapping, LLC (SAM), a national provider of geospatial and construction services, has announced its acquisition of Donaldson, Garrett & Associates, Inc. (DG&A), a Georgia-based land surveying firm. This strategic move expands SAM's operational footprint and client relationships across the rapidly growing Southeast region of the United States, particularly strengthening its presence in Georgia and North Carolina.

Editorial Team1 min
Donaldson, Garrett & Associates Has Joined SAM
Economy 5/12/2026

Star Equity Holdings Reports 2026 First Quarter Results

Star Equity Holdings (NASDAQ: STRR) reported mixed first quarter 2026 results, with total revenue significantly increasing by 57.1% to $50.1 million and gross profit rising 25.4% to $20.6 million compared to the prior year. However, the diversified holding company saw its net loss attributable to common shareholders widen to $4.4 million ($1.17 per diluted share) from $1.8 million in Q1 2025, and Adjusted EBITDA loss also increased to $1.6 million. These results reflect the ongoing integration and $2.6 million in annualized merger synergies from its August 2025 acquisition of Star Operating Companies.

Editorial Team1 min
Star Equity Holdings Reports 2026 First Quarter Results
Economy 5/12/2026

Stonepeak to Acquire BMO Transportation and Vendor Finance

Stonepeak, a prominent alternative investment firm specializing in infrastructure and real assets, has announced an agreement to acquire BMO Financial Group’s Transportation Finance and Vendor Finance businesses. This strategic move involves the North American banking giant divesting its specialized lending units, transferring substantial asset portfolios and operational teams to Stonepeak.

Editorial Team1 min
Stonepeak to Acquire BMO Transportation and Vendor Finance
Economy 5/12/2026

Valley National Bancorp Announces Pricing Of Subordinated Notes

Valley National Bancorp, the holding company for Valley National Bank, has announced the pricing of $500 million in 6.219% Fixed-to-Floating Rate Subordinated Notes due in 2036. These Notes will initially carry a fixed interest rate before transitioning to a floating rate tied to Three-Month Term SOFR plus a spread, and are designed to count as Tier 2 capital for regulatory purposes.

Editorial Team1 min
Valley National Bancorp Announces Pricing Of Subordinated Notes
Economy 4/18/2026

Smart Investors Leverage Relative Strength Index Data to Navigate Complex Global Markets

Professional fund managers and institutional investors are increasingly leveraging the Relative Strength Index (RSI) as a cornerstone technical analysis tool. This momentum oscillator, originally developed by J. Welles Wilder Jr., is being widely employed to identify optimal entry and exit points within today's complex and volatile global equity markets.

Editorial Team1 min
Smart Investors Leverage Relative Strength Index Data to Navigate Complex Global Markets
Economy 4/18/2026

Some Singaporeans adjust spending amid Iran war, but hold on to comforts like air-con - The Straits Times

Amid persistently rising energy costs exacerbated by the perceived threat of an "Iran war" and broader Middle Eastern geopolitical tensions, some Singaporean households are proactively adjusting their spending habits. While discretionary outlays are being trimmed, essential comforts like air conditioning remain largely non-negotiable due to the nation's tropical climate.

Editorial Team1 min
Some Singaporeans adjust spending amid Iran war, but hold on to comforts like air-con - The Straits Times
Economy 4/18/2026

Russia's SBER, 16 banks get nod to import gold

India's Directorate General of Foreign Trade (DGFT) has officially authorized Russia's SBER bank and 16 other commercial banks to import gold and silver into the country. This formal notification, issued on Friday, expands the network of entities permitted to facilitate precious metal imports, a move with significant implications for bilateral trade.

Editorial Team1 min
Russia's SBER, 16 banks get nod to import gold
Economy 4/18/2026

Rupee regains 92 levels, closes 27 paise higher

The Indian Rupee strengthened significantly, gaining 27 paise against the US Dollar to close at 92.93, marking its recovery to the crucial 92-level benchmark. This upward movement followed reports of proactive intervention by the Reserve Bank of India.

Editorial Team1 min
Rupee regains 92 levels, closes 27 paise higher
Economy 4/18/2026

How to address the high cost of car insurance in New York

New York is grappling with a significant increase in car insurance costs, prompting state-level debate as elected officials explore solutions to alleviate the financial burden on residents. The discussion highlights differing approaches, with some lawmakers advocating for stricter regulatory oversight and others pushing for market-based adjustments.

Editorial Team1 min
How to address the high cost of car insurance in New York
Economy 4/18/2026

RBI’s oil forex window set to fuel rupee recovery

The Reserve Bank of India (RBI) has implemented a new foreign exchange window, specifically designed to supply US Dollars to state-run oil refiners. This targeted intervention aims to mitigate the substantial daily dollar demand from these large importers, which often places downward pressure on the Indian Rupee.

Editorial Team1 min
RBI’s oil forex window set to fuel rupee recovery
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