Economy news summaries — Page 11
Essential facts and source links for recent economy stories.
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Farm Aid’s Sept. 26 concert spotlights pressures on family farms
Farm Aid’s Sept. 26 Virginia Beach concert comes as U.S. family farmers face rising bankruptcies, fuel and fertilizer costs, pressure on immigrant farm labor and data-center competition for land. Farmer Heath Cutrell says the strain recalls the 1980s crisis. -
Former Trump adviser Gary Cohn urges US to preserve its chip advantage
Former Trump adviser Gary Cohn said the US should preserve its chip advantage as Nvidia hopes to resume China sales. The US has allowed Nvidia to ship H200 chips to approved Chinese customers, but Beijing has so far restricted shipments; Blackwell chips remain unavailable there. -
US business activity reaches a 2021 high as supply strains lift costs
US private-sector activity accelerated in September, with S&P Global’s flash composite PMI rising to 58.4 from 56.0, its highest reading since July 2021. New orders surged, while mounting backlogs and delivery delays pushed businesses’ input costs higher. -
Rachel Cruze urges young workers to prioritize Roth IRA saving
Rachel Cruze urges people in their 20s to prioritize Roth IRA saving, saying time lets investments compound. A projection estimates that $200 monthly deposits from age 25 could grow to about $1.26 million by 65 at a hypothetical 10% annual return. -
Motley Fool says SPDR dividend ETF may cushion recession risks
With recession estimates ranging from 15% to 40%, The Motley Fool says the State Street SPDR S&P Dividend ETF (SDY) could help cushion a downturn. Its case rests on a 25-year dividend-growth record and more than 37% of the portfolio in defensive sectors. -
SoFi starts settling card transactions on Mastercard with SoFi USD
SoFi has begun settling card transactions on Mastercard’s network with its SoFi USD stablecoin, Scott Melker said in a Yahoo Finance video. SoFi is migrating its full credit-card program, expected to process more than $25 billion in annualized volume. -
Paychex shares fall 6.7% despite Q1 adjusted EPS beat
Paychex shares fell 6.7% by 12:20 p.m. ET Wednesday after its fiscal Q1 2027 report: revenue met the $1.63 billion forecast and non-GAAP EPS beat estimates at $1.34, but GAAP EPS was $1.21 and free cash flow fell significantly year over year to $357.4 million. -
Cathie Wood’s Ark Invest bought Nvidia, likely for AI rather than quantum
Cathie Wood’s Ark Invest bought Nvidia, which is developing links between its chips and quantum hardware. The buy likely reflects Nvidia’s AI-chip lead, growth and valuation—not quantum prospects; Wood predicts commercial use no earlier than the mid-2040s. -
Groundbreaking planned Oct. 1 for 25-acre Cypress district with first Whole Foods
Trademark Property Company plans to break ground Oct. 1 on Dunham Pointe, a 25-acre, 202,000-square-foot retail and restaurant district at Highway 290 and Mason Road in Cypress. It will be anchored by Cypress' first Whole Foods, and 13 other tenants have signed on. -
Canopy Growth seeks approval for another reverse stock split
Canopy Growth is seeking shareholder approval for another reverse stock split, with a vote set for Sept. 25, as its shares trade below $1 and the company looks to retain access to capital markets. It carried out its previous reverse split in December 2023. -
Lukashenko says Belarus's potash is contracted, complicating Trump's proposed U.S. deal
Belarusian President Alexander Lukashenko says the country's potash is already contracted, complicating Donald Trump's proposed U.S. purchase. Experts say restricted routes and shipping costs could undermine claims that Belarusian supply would be cheaper than Canada's. -
McDonald’s outlines chicken and AI upgrades to win back diners
McDonald’s outlined a plan to win back diners with hand-breaded chicken, AI-driven kitchens and drive-throughs, and smaller PlayPlaces. It expects to expand its US chicken pilot in early 2027 and invest $8.5 billion through 2036 for restaurant tech, rent relief and capital. -
Oldsmar Village Inn franchisee files for Chapter 11 amid 2024 hurricane losses
Village Inn Oldsmar LLC filed for Chapter 11 Sept. 18, listing about $50,000–$100,000 in assets and $500,000–$1 million in liabilities. An employee said the restaurant remains open; local reporting cites 2024 hurricane losses, weaker sales and higher costs. -
Workers can stretch 11 PTO days into 27 days off in 2026
Across the rest of 2026, workers can turn 11 PTO days into 27 days off by pairing leave with four remaining federal holidays: Columbus Day, Veterans Day, Thanksgiving and Christmas. New Year’s Day 2027 offers another way to extend a year-end break. -
Goldman expects one more Fed hike, then a pause if oil prices retreat
Goldman Sachs expects the Federal Reserve to raise rates once more, at its Oct. 27 meeting, then pause if a sustained oil-price pullback cools inflation. It forecasts Brent at $85 a barrel by December and rate cuts beginning in late 2027. -
Walmart seeks fashion crown as $100,000-plus households grow fastest among newcomers
Walmart is expanding fashion lines to become America’s No. 1 fashion destination. Denise Incandela says about 80% of Walmart shoppers’ clothing spend went to higher-priced retailers; households earning over $100,000 are its fastest-growing new customer group. -
Jim Cramer recounts five investing mistakes and the lessons they taught him
Jim Cramer told CNBC Make It that five investing mistakes taught him hard lessons: holding losing stocks too long, overconfidence, blindly following advice, panic-selling and relying on one indicator. He said learning from them helped make him a better investor. -
Social Security supplies 83% of income in lowest-earning senior households
Boston College’s Center for Retirement Research data show Social Security makes up 83% of income in the lowest-earning U.S. households aged 65 and older, versus 12% in the highest-earning group. The article urges workers to build retirement savings beyond benefits. -
Chip losses shadow Nasdaq records as strategist warns of 2000 echoes
The Nasdaq Composite hit back-to-back records this week, but the Philadelphia Semiconductor Index remains 14% below its June high. BTIG strategist Jonathan Krinsky says 10 of its 30 stocks are more than 30% below their 52-week highs, a setup he says recalls 2000. -
A Long Island sinkhole rescue spotlights homeowners insurance limits
Long Island homeowner Danielle Tammone fell into an 8-foot backyard sinkhole and was rescued within minutes after neighbors called 911. She is recovering from whiplash and muscle pain; experts say standard homeowners policies often exclude damage from ground collapse. -
Forecast projects U.S. 30-year mortgage rate at 5.9% in 2031
A base-case estimate projects the U.S. 30-year fixed mortgage rate at 6.2% in 2027, easing to 5.9% by 2031, using Treasury-yield forecasts and an assumed spread. The article cites a 6.76% rate on Sept. 9 and warns that long-range projections are uncertain. -
U.S. fuel prices and mortgage rates climb as inflation rises during Iran war
Since the U.S. and Israel attacked Iran on Feb. 28, U.S. gas prices have climbed from just under $3 to about $4.50 a gallon, inflation has risen from 2.4% to 3.4%, and average 30-year mortgage rates have topped 7%, NBC News reports. -
Mortgage rates hit a nearly two-year high, with more than the Fed at play
The 30-year fixed mortgage rate rose last week to its highest level in nearly two years, but the Fed does not set it directly: it tends to follow 10-year Treasury yields, which are influenced by inflation expectations, oil prices and other forces. -
Trump cites U.S.-Iran meeting as oil falls and stock futures rise
U.S. stock futures edged up Wednesday as oil fell after Trump said U.S. and Iranian officials met at this week’s U.N. General Assembly. S&P 500 and Dow futures gained 0.1%, while Nasdaq futures were flat; Brent fell 0.3% to $98.99 and U.S. crude 1.1% to $89.84 a barrel. -
Daughter seeks advice after 82-year-old mother gets a $20,000 Social Security overpayment notice
A MarketWatch columnist advised a daughter concerned about her 82-year-old mother’s finances to respect her independence after a notice said Social Security had overpaid her about $20,000. The columnist said the mother should seek the agency’s calculation. -
Northern Ireland motorists rethink trips as diesel tops £2 a litre at some forecourts
Diesel has topped £2 a litre at some Northern Ireland forecourts, prompting drivers to cut journeys, change cars or shop around. The NI Consumer Council says a 40-litre fill-up now costs £16 more for petrol and £21 more for diesel than at February’s end.
