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Economy

Luxury Collapse as Saks Weighs Bankruptcy Filing

Luxury retailer Saks Fifth Avenue is weighing a potential bankruptcy filing as debt, inflation, and shifting consumer habits strain retail.

Mortgage Relief Sparks Buzz as Rates Hit 2025 Low—Here’s What Buyers Need to Know

Mortgage relief arrived for homebuyers heading into 2026 as mortgage rates fell to their lowest level of 2025, offering a modest but notable shift after a year of elevated borrowing costs.

Minimum Wage Shock: Pay Hikes Hit 19 States

Workers in 19 states are seeing higher paychecks as minimum wage increases take effect nationwide on New Year’s Day.

U.S. Growth to Accelerate in 2026 Despite Soft Job Market

Goldman Sachs forecasts stronger U.S. economic growth in 2026 driven by tax cuts and lower tariffs, even as the job market remains soft.

Wealth Tax Panic: Tech Titans Warn California Exodus

Wealth tax concerns are escalating in Silicon Valley as leading tech founders and investors warn a proposed California ballot measure could drive innovation and capital out of the state.

Nevada Affordable Housing Crisis Hits Breaking Point

Nevada’s affordable housing crisis has deepened, leaving the state more than 70,000 housing units short of demand as population growth continues to outpace construction.

Red States Win Again on Inflation

New federal data shows that conservative-led states are outperforming liberal states when it comes to inflation.

Gas Prices Plummet to $2.79 — Holiday Travelers Saving Over Half a Billion

National gas prices are dropping to an average of $2.79 per gallon this holiday season, saving U.S. travelers over $500 million.

Georgetown Professor Caught on Video Mocking ‘Stupid White People,’ Attacking Conservatives

Undercover video of a Georgetown University professor reveals disparaging comments about “stupid white people” and prominent conservatives.

Consumer Sentiment Ticks Up in December as Inflation Fears Ease

Consumer sentiment in the U.S. rose modestly in December, driven largely by improving attitudes among lower-income Americans.

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