World News Guru

Honda issues recall for 400K Civics after finding wheels 'may detach from vehicle' More than 400,000 Honda Civics were recalled after the automaker discovered that a manufacturing issue may cause wheels to come off the vehicle while moving.Honda announced the voluntary recall on Fri... Read more: https://worldnewsguru.us/economy-news/honda-issues-recall-for-400k-civics-after-finding-wheels-may-detach-from-vehicle Originally published on World News Guru

Consumer sentiment slides to near-lowest level on record as government shutdown drags on U.S. consumer sentiment declined to its lowest level in more than three years and near an all-time low as households' concerns about the economic impact of the government shutdown mounted, according t... Read more: https://worldnewsguru.us/economy-news/consumer-sentiment-slides-to-nearlowest-level-on-record-as-government-shutdown-drags-on Originally published on World News Guru

US household debt hits a new record, NY Fed finds American households' debt burdens increased to the highest level on record in the third quarter of 2025, according to a new report by the Federal Reserve Bank of New York.The New York Fed's Center for... Read more: https://worldnewsguru.us/economy-news/us-household-debt-hits-a-new-record-ny-fed-finds Originally published on World News Guru

Airlines are 'going to lose millions of dollars' over government shutdown's impact on flights, Duffy says Secretary of Transportation Sean Duffy told FOX Business on Friday that major U.S. airlines are "going to lose millions of dollars" after the Federal Aviation Administration (FAA) slashed flights at a... Read more: https://worldnewsguru.us/economy-news/airlines-are-going-to-lose-millions-of-dollars-over-government-shutdowns-impact-on-flights-duffy-say Originally published on World News Guru

Bessent says new rare earth factory will cut costs, break China’s 'chokehold' on industry Treasury Secretary Scott Bessent told FOX Business' Edward Lawrence that South Carolina’s new rare earth mineral processing center will help cut costs and break China’s "chokehold" on industry.In an e... Read more: https://worldnewsguru.us/economy-news/bessent-says-new-rare-earth-factory-will-cut-costs-break-chinas-chokehold-on-industry Originally published on World News Guru

Government shutdown delays October jobs report: when will economic reports be released after shutdown ends? The ongoing government shutdown has disrupted the flow of economic data from federal agencies and the October jobs report is the latest closely watched report to be delayed due to the impasse.Most wor... Read more: https://worldnewsguru.us/economy-news/government-shutdown-delays-october-jobs-report-when-will-economic-reports-be-released-after-shutdown Originally published on World News Guru

Layoffs in October hit highest level for month in 22 years as companies cite cost-cutting, AI U.S. employers ramped up layoffs in October to the highest level for the month in 22 years as companies looked to cut costs and adopt artificial intelligence (AI).A report from the global outplacement... Read more: https://worldnewsguru.us/economy-news/layoffs-in-october-hit-highest-level-for-month-in-22-years-as-companies-cite-costcutting-ai Originally published on World News Guru

Jamie Dimon warns blue states’ business exodus could ‘backfire’ JPMorgan Chase CEO Jamie Dimon warned that high-tax, regulation-heavy states are driving businesses and residents away, accelerating an exodus to pro-growth Sun Belt states like Florida and Texas.Spea... Read more: https://worldnewsguru.us/economy-news/jamie-dimon-warns-blue-states-business-exodus-could-backfire Originally published on World News Guru

FAA confirms which 40 markets will have airline traffic cut 10% Forty of the busiest airports in the U.S. will see a 10% flight reduction starting Friday after the Federal Aviation Administration (FAA) announced this week that it is forcing airlines to cut back du... Read more: https://worldnewsguru.us/economy-news/faa-confirms-which-40-markets-will-have-airline-traffic-cut-10 Originally published on World News Guru

United Airlines to offer refunds because of shutdown-caused flight restrictions United Airlines customers with flights booked to travel during the government shutdown will be eligible for a refund, CEO Scott Kirby told employees in a memo on Wednesday.The news came after the Fede... Read more: https://worldnewsguru.us/economy-news/united-airlines-to-offer-refunds-because-of-shutdowncaused-flight-restrictions Originally published on World News Guru

Trump touts private sector job growth, efforts to shrink federal workforce President Donald Trump on Wednesday touted his administration's efforts to curb the size of the federal government's workforce while expanding private sector payrolls."Since January, 100,000 bureaucra... Read more: https://worldnewsguru.us/economy-news/trump-touts-private-sector-job-growth-efforts-to-shrink-federal-workforce Originally published on World News Guru

Private sector added better-than-expected 42,000 jobs in October, ADP says Companies in the private sector added 42,000 jobs in October, payroll processing firm ADP said Wednesday.The figure is above economists’ estimates of a gain of 28,000 jobs. The prior month's payrolls ... Read more: https://worldnewsguru.us/economy-news/private-sector-added-betterthanexpected-42000-jobs-in-october-adp-says Originally published on World News Guru

Supreme Court weighs Trump administration's tariff authority under emergency powers law The Supreme Court on Wednesday will hear arguments in the case challenging the legality of the Trump administration's tariff regime imposed under a law related to economic emergencies, with tens of bi... Read more: https://worldnewsguru.us/economy-news/supreme-court-weighs-trump-administrations-tariff-authority-under-emergency-powers-law Originally published on World News Guru

Bessent says US housing market in 'recession' due to Federal Reserve interest rate policies Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that may be in recession because of high interest rates as he continues to call for the Fed to cut rates.Bess... Read more: https://worldnewsguru.us/economy-news/bessent-says-us-housing-market-in-recession-due-to-federal-reserve-interest-rate-policies Originally published on World News Guru

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub Financial services firms have increased their presence in the state of Texas in recent years as they diversify their strategic footprint beyond the traditional financial hub of New York City's Wall St... Read more: https://worldnewsguru.us/economy-news/why-major-financial-firms-are-expanding-texas-presence-beyond-traditional-wall-street-hub Originally published on World News Guru

Fed president explains vote against interest rate cut The Federal Reserve cut interest rates for the second time in 2025 last week, though one member of the central bank's monetary policy committee voted against cutting rates, citing concerns over inflat... Read more: https://worldnewsguru.us/economy-news/fed-president-explains-vote-against-interest-rate-cut Originally published on World News Guru

Obamacare prices are set to spike – here's why Americans enrolled in health insurance plans offered through the Affordable Care Act, commonly known as Obamacare, are expected to rise next year as the debate over extending enhanced subsidies is a f... Read more: https://worldnewsguru.us/economy-news/obamacare-prices-are-set-to-spike-heres-why Originally published on World News Guru

BlackRock's Larry Fink says US still top destination for global investors to park money BlackRock CEO Larry Fink said that the U.S. remains the primary destination for investors to put their assets and will continue to be for at least the next year and a half amid economic trends.Fink wa... Read more: https://worldnewsguru.us/economy-news/blackrocks-larry-fink-says-us-still-top-destination-for-global-investors-to-park-money Originally published on World News Guru

Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth? The ongoing government shutdown delayed the release of the Commerce Department's initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth... Read more: https://worldnewsguru.us/economy-news/government-shutdown-blocks-key-gdp-data-release-what-do-the-feds-models-say-about-economic-growth Originally published on World News Guru

Largest US airlines raise pressure on Dems to 'pass a clean CR' and end shutdown The four largest U.S. airlines are now adding pressure on Democrats to "pass a clean CR" and reopen the government as Transportation Security Administration (TSA) workers and air traffic controllers a... Read more: https://worldnewsguru.us/economy-news/largest-us-airlines-raise-pressure-on-dems-to-pass-a-clean-cr-and-end-shutdown Originally published on World News Guru