World News Guru

Bessent lays out 5 principles guiding Trump admin's approach to economic statecraft Treasury Secretary Scott Bessent on Tuesday outlined the Trump administration's approach to economic statecraft in a speech in which he outlined five core principles guiding the White House's strategy... Read more: https://worldnewsguru.us/economy-news/bessent-lays-out-5-principles-guiding-trump-admins-approach-to-economic-statecraft Originally published on World News Guru

Delta CEO Ed Bastian reveals what he says must happen for airline ticket prices to fall As American travelers feel the pinch of inflation and elevated airline costs, Delta Air Lines CEO Ed Bastian revealed exactly what it will take for ticket prices to decline, pointing directly to a lac... Read more: https://worldnewsguru.us/economy-news/delta-ceo-ed-bastian-reveals-what-he-says-must-happen-for-airline-ticket-prices-to-fall Originally published on World News Guru

Oil tanker traffic through Strait of Hormuz hits highest level since conflict began but mines remain Traffic by tankers transiting the Strait of Hormuz has picked up amid the negotiations between the U.S. and Iran aimed at ending the war, which has caused oil prices to decline with more supply hittin... Read more: https://worldnewsguru.us/economy-news/oil-tanker-traffic-through-strait-of-hormuz-hits-highest-level-since-conflict-began-but-mines-remain Originally published on World News Guru

Housing affordability unlikely to return to more favorable levels of the past, economist says The affordability of the U.S. housing market may not improve significantly over time for would-be homebuyers, with a new report suggesting that they shouldn't wait in the hopes of affordability measur... Read more: https://worldnewsguru.us/economy-news/housing-affordability-unlikely-to-return-to-more-favorable-levels-of-the-past-economist-says Originally published on World News Guru

Mortgage rates fall to lowest level in over a month as Iran deal framework takes shape Mortgage rates fell this week to the lowest level in more than a month, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the aver... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-fall-to-lowest-level-in-over-a-month-as-iran-deal-framework-takes-shape Originally published on World News Guru

Income needed to afford a median-priced home has nearly doubled since 2020, report finds A new report on the U.S. housing sector finds that activity remains subdued through the first part of the year as high costs suppress demand.The Joint Center for Housing Studies of Harvard University ... Read more: https://worldnewsguru.us/economy-news/income-needed-to-afford-a-medianpriced-home-has-nearly-doubled-since-2020-report-finds Originally published on World News Guru

Jeff Bezos predicts AI will create a labor shortage, not replace human workers across the economy Amazon founder Jeff Bezos said that the rise of artificial intelligence (AI) won't lead to the replacement of humans in the workforce and will instead create labor shortages.Bezos spoke at the VivaTec... Read more: https://worldnewsguru.us/economy-news/jeff-bezos-predicts-ai-will-create-a-labor-shortage-not-replace-human-workers-across-the-economy Originally published on World News Guru

Government regulations add nearly $132K to cost of new home, builders say Government regulations now add roughly $132,000 to the cost of a typical newly built home, according to a new study from the National Association of Home Builders (NAHB), as industry leaders warn that... Read more: https://worldnewsguru.us/economy-news/government-regulations-add-nearly-132k-to-cost-of-new-home-builders-say Originally published on World News Guru

Federal Reserve leaves interest rates unchanged as Warsh era begins The Federal Reserve on Wednesday announced that it will hold interest rates steady due to concerns about elevated inflation amid the war in Iran, as Fed Chair Kevin Warsh's tenure leading the central ... Read more: https://worldnewsguru.us/economy-news/federal-reserve-leaves-interest-rates-unchanged-as-warsh-era-begins Originally published on World News Guru

Oil prices fluctuate as Trump's Iran deal could fully reopen Strait of Hormuz Oil prices fluctuated on Wednesday as investors cautiously await a forthcoming deal to end the war between the United States and Iran.The terms of the preliminary agreement have not been released by e... Read more: https://worldnewsguru.us/economy-news/oil-prices-fluctuate-as-trumps-iran-deal-could-fully-reopen-strait-of-hormuz Originally published on World News Guru

McDonald's bringing back fried apple pie to celebrate America's 250th birthday McDonald’s announced Tuesday that it is bringing back its fried apple pie to celebrate America's 250th birthday.The fried apple pies will be available at participating U.S. restaurants for a limited t... Read more: https://worldnewsguru.us/economy-news/mcdonalds-bringing-back-fried-apple-pie-to-celebrate-americas-250th-birthday Originally published on World News Guru

Kevin Warsh's first Fed press conference looms as inflation surge makes rate cuts increasingly unlikely The Federal Reserve is expected to hold rates steady following its monetary policy meeting this week amid the rise in inflation, while newly minted Chairman Kevin Warsh is set to hold his first post-m... Read more: https://worldnewsguru.us/economy-news/kevin-warshs-first-fed-press-conference-looms-as-inflation-surge-makes-rate-cuts-increasingly-unlike Originally published on World News Guru

500k packages of macaroni and cheese sold at Aldi recalled over undeclared soy lecithin More than 500,000 packages of macaroni and cheese sold at Aldi stores nationwide have been recalled because they may contain undeclared soy lecithin, a soy-derived ingredient that can pose a risk to p... Read more: https://worldnewsguru.us/economy-news/500k-packages-of-macaroni-and-cheese-sold-at-aldi-recalled-over-undeclared-soy-lecithin Originally published on World News Guru

Oil prices plunge to lowest levels since early March after Trump signs Iran deal Oil prices fell on Monday to the lowest levels since early March following the announcement of a preliminary agreement between the U.S. and Iran to end the war that has strained the energy market.West... Read more: https://worldnewsguru.us/economy-news/oil-prices-plunge-to-lowest-levels-since-early-march-after-trump-signs-iran-deal Originally published on World News Guru

Midwest and Southern states dominate housing report cards: See how yours scored The states with the best affordability for homebuyers and that are facilitating the most construction of new homes are centered in the Midwest and South, according to a new report.Realtor.com released... Read more: https://worldnewsguru.us/economy-news/midwest-and-southern-states-dominate-housing-report-cards-see-how-yours-scored Originally published on World News Guru

Summer sticker shock: The 14% ‘burger tax’ hitting your backyard BBQ this weekend Hard-working Americans looking to fire up the grill this weekend are facing major sticker shock before they even light the charcoal.As inflation continues to squeeze household budgets, the newly relea... Read more: https://worldnewsguru.us/economy-news/summer-sticker-shock-the-14-burger-tax-hitting-your-backyard-bbq-this-weekend Originally published on World News Guru

More than 17K coffee makers recalled after dozens of reported burn injuries More than 17,000 coffee makers were recalled over a burn hazard that can cause serious injury, according to federal regulators.About 17,600 Kidisle-branded hot and iced coffee machines were affected b... Read more: https://worldnewsguru.us/economy-news/more-than-17k-coffee-makers-recalled-after-dozens-of-reported-burn-injuries Originally published on World News Guru

Inflation rose again in May as elevated energy prices squeeze consumers This story about the May 2026 CPI inflation report is developing and will be updated with more details.Inflation ticked higher in May as American consumers continued to face elevated fuel prices amid ... Read more: https://worldnewsguru.us/economy-news/inflation-rose-again-in-may-as-elevated-energy-prices-squeeze-consumers Originally published on World News Guru

Kia recalls 6K vehicles due to possible seat belt defect that could raise injury risk Kia is recalling more than 6,000 vehicles because of a seat belt malfunction that could increase the risk of injury in the event of a crash.The recall potentially affects 6,264 2027 Kia Telluride and ... Read more: https://worldnewsguru.us/economy-news/kia-recalls-6k-vehicles-due-to-possible-seat-belt-defect-that-could-raise-injury-risk Originally published on World News Guru

Kia recalls 6K vehicles due to possible seatbelt defect that could raise injury risk Kia is recalling more than 6,000 vehicles because of a seatbelt malfunction that could increase the risk of injury in the event of a crash.The recall potentially affects 6,264 2027 Kia Telluride and K... Read more: https://worldnewsguru.us/economy-news/kia-recalls-6k-vehicles-due-to-possible-seatbelt-defect-that-could-raise-injury-risk Originally published on World News Guru