World News Guru

Maine lobster industry hit by harsh winter, falling catch and rising costs Maine’s lobster industry is facing mounting pressure after a harsh winter reduced fishing activity, slowed catches and added to rising costs across the sector.The state, the largest lobster producer i... Read more: https://worldnewsguru.us/economy-news/maine-lobster-industry-hit-by-harsh-winter-falling-catch-and-rising-costs Originally published on World News Guru

Postal Service to implement first-ever fuel surcharge amid mounting fuel costs, financial challenges The U.S. Postal Service is reportedly planning to impose a fuel surcharge on package deliveries for the first time in the agency's history amid surging fuel costs.The Wall Street Journal reported that... Read more: https://worldnewsguru.us/economy-news/postal-service-to-implement-firstever-fuel-surcharge-amid-mounting-fuel-costs-financial-challenges Originally published on World News Guru

Jamie Dimon says US has 'become like Europe' on defense, and it's holding the country back JPMorgan Chase CEO Jamie Dimon said on Tuesday that the U.S. is becoming more like Europe in terms of defense procurement, and it's holding the country back.Dimon spoke at the Hill & Valley Forum, whi... Read more: https://worldnewsguru.us/economy-news/jamie-dimon-says-us-has-become-like-europe-on-defense-and-its-holding-the-country-back Originally published on World News Guru

‘Conditions for a labor market crisis’: Rising care costs push women out of workforce The American dream is becoming increasingly difficult for many women who are leaving the U.S. workforce, as new data highlights ongoing pressures tied to caregiving costs.As the rising cost of childca... Read more: https://worldnewsguru.us/economy-news/conditions-for-a-labor-market-crisis-rising-care-costs-push-women-out-of-workforce Originally published on World News Guru

Epic Games cuts 1,000 jobs as Fortnite 'magic' fades in 'extreme' market conditions The Fortnite craze might have reached its crescendo.Epic Games announced layoffs of 1,000 employees Tuesday, citing declining Fortnite engagement."We've had challenges delivering consistent Fortnite m... Read more: https://worldnewsguru.us/economy-news/epic-games-cuts-1000-jobs-as-fortnite-magic-fades-in-extreme-market-conditions Originally published on World News Guru

United Airlines warns airfares could jump 20% as oil prices continue to surge United Airlines is warning that airfares could rise up to 20% if the cost of jet fuel remains elevated for longer due to the spike in oil prices amid the war in Iran.United CEO Scott Kirby said in an ... Read more: https://worldnewsguru.us/economy-news/united-airlines-warns-airfares-could-jump-20-as-oil-prices-continue-to-surge Originally published on World News Guru

More American workers are struggling than thriving for first time: poll American workers are feeling more pressure in their lives, with a greater share reporting that they feel they're struggling than thriving in a new poll by Gallup.Gallup on Tuesday released fresh data ... Read more: https://worldnewsguru.us/economy-news/more-american-workers-are-struggling-than-thriving-for-first-time-poll Originally published on World News Guru

BlackRock CEO says Trump Accounts could be a 'very significant step' for young Americans BlackRock CEO Larry Fink said in his annual chairman's letter that Trump Accounts could provide a "very significant" boost in jump-starting savings and investment by younger Americans.Fink noted that ... Read more: https://worldnewsguru.us/economy-news/blackrock-ceo-says-trump-accounts-could-be-a-very-significant-step-for-young-americans Originally published on World News Guru

Texas oil refinery explosion sends smoke into air, residents advised to shelter in place Residents of a Texas city were urged to shelter in place following an explosion and fire at a Valero oil refinery that sent massive plumes of smoke billowing into the air. The incident happened Monday... Read more: https://worldnewsguru.us/economy-news/texas-oil-refinery-explosion-sends-smoke-into-air-residents-advised-to-shelter-in-place Originally published on World News Guru

Nearly 10M pounds of frozen fried rice sold at Trader Joe's added to recall: USDA A nationwide recall has expanded to include close to 10 million pounds of frozen vegetable fried rice sold at Trader Joe's stores in dozens of states, according to the U.S. Department of Agriculture (... Read more: https://worldnewsguru.us/economy-news/nearly-10m-pounds-of-frozen-fried-rice-sold-at-trader-joes-added-to-recall-usda Originally published on World News Guru

Bank of America's legacy of building the American dream Bank of America CEO Brian Moynihan on Monday sent a letter to shareholders along with the firm's annual report that detailed the bank's history and its role in America's growth as the nation prepares ... Read more: https://worldnewsguru.us/economy-news/bank-of-americas-legacy-of-building-the-american-dream Originally published on World News Guru

United Airlines slashes flights as Iran war sends fuel prices soaring United Airlines is slashing flights as soaring fuel prices tied to the Iran war hit U.S. carriers, becoming the first major U.S. airline to announce a cut to capacity after weeks of industry warnings.... Read more: https://worldnewsguru.us/economy-news/united-airlines-slashes-flights-as-iran-war-sends-fuel-prices-soaring Originally published on World News Guru

Fed’s Bowman says she’s written in 3 interest rate cuts before year-end Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday that she’s penciled in multiple rate cuts before the end of the year."I'm still concerned about the job market," Bowman, consi... Read more: https://worldnewsguru.us/economy-news/feds-bowman-says-shes-written-in-3-interest-rate-cuts-before-yearend Originally published on World News Guru

IRS warns Americans to beware of dangerous new scams this tax season The IRS released its "Dirty Dozen" tax scams for the 2026 filing season to warn taxpayers, businesses and tax professionals about the tactics used to commit identity theft and other forms of fraud.IRS... Read more: https://worldnewsguru.us/economy-news/irs-warns-americans-to-beware-of-dangerous-new-scams-this-tax-season Originally published on World News Guru

90,000 bottles of children's ibuprofen recalled nationwide, FDA says Nearly 90,000 bottles of children’s ibuprofen have been recalled over the potential presence of a foreign substance, according to the Food and Drug Administration.Strides Pharma, Inc., headquartered i... Read more: https://worldnewsguru.us/economy-news/90000-bottles-of-childrens-ibuprofen-recalled-nationwide-fda-says Originally published on World News Guru

Mortgage rates jump to highest level in over 3 months Mortgage rates jumped this week to the highest level in nearly four months, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the ... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-jump-to-highest-level-in-over-3-months Originally published on World News Guru

The $10,000 car loan tax deduction: Here's who qualifies and how to claim it A new tax break is available this filing season for taxpayers who have car loans on vehicles that meet certain specifications.The One Big Beautiful Bill Act (OBBBA), which was passed through Congress ... Read more: https://worldnewsguru.us/economy-news/the-10000-car-loan-tax-deduction-heres-who-qualifies-and-how-to-claim-it Originally published on World News Guru

Iranian strikes cut 17% of Qatar LNG output, threatening global supply Iranian strikes have cut about 17% of Doha’s liquefied natural gas (LNG) export capacity, QatarEnergy’s CEO told Reuters in an interview on Thursday.Saad al-Kaabi said the disruption could result in a... Read more: https://worldnewsguru.us/economy-news/iranian-strikes-cut-17-of-qatar-lng-output-threatening-global-supply Originally published on World News Guru

Mortgage rates jump to highest level in nearly 4 months Mortgage rates jumped this week to the highest level in nearly four months, mortgage buyer Freddie Mac said Thursday.Freddie Mac's latest Primary Mortgage Market Survey, released Thursday, showed the ... Read more: https://worldnewsguru.us/economy-news/mortgage-rates-jump-to-highest-level-in-nearly-4-months Originally published on World News Guru

Bessent rules out government intervention in oil futures market during Iran war Treasury Secretary Scott Bessent said the U.S. government will not intervene in oil futures markets even as the administration moves to offset supply disruptions tied to the Iran conflict, arguing tha... Read more: https://worldnewsguru.us/economy-news/bessent-rules-out-government-intervention-in-oil-futures-market-during-iran-war Originally published on World News Guru