Economy

The World Cup Is Generating $35 Billion for the US Economy — but the Iran War Is Threatening the Windfall

The 2026 FIFA World Cup — hosted across the United States, Canada and Mexico, with 11 American cities serving as primary venues — is...

The World Economy Just Absorbed the Ceasefire’s Collapse — and Markets Are Pricing In the Worst

The collapse of the US-Iran ceasefire framework on July 8 — when Trump declared it "over" on the sidelines of the NATO summit in...

Cuba Has Plunged Into Its Third Island-Wide Blackout This Year — and the Power Crisis Is Getting Worse

Cuba's national electrical grid collapsed for the third time in 2026 on Monday, July 7, plunging the island of...

The Iran War Cost the Global Economy $4.8 Trillion in Six Months — A New Assessment Puts a Number on the Damage

Six months have passed since US and Israeli forces struck Iran on February 28, 2026, triggering a conflict that...

Russia Kills 22 in Kyiv Overnight as All 29 Ballistic Missiles Strike Their Targets — Hours Before NATO Summit

Russia unleashed waves of missiles and drones at Ukraine early Monday, killing at least 22 people in attacks that...

NATO Nations Agree to Spend 3.5% of GDP on Defence — the Biggest Military Spending Surge Since the Cold War

NATO member states agreed at the alliance's annual summit in Ankara, Turkey, on July 7 and 8 to raise...

US Farmers Are Being Squeezed From Every Direction — and the Iran War Just Made It Worse

American farmers entered 2026 already under significant financial and operational stress. By the Fourth of July, their situation had...

US Economy Added Only 57,000 Jobs in June — Less Than Half of What Was Forecast

The United States economy added just 57,000 jobs in June, the Bureau of Labor Statistics reported Thursday — less...