US Economy
US adds 115,000 jobs in April, unemployment rate at 4.3% amid Iran-linked energy disruption
The US economy created 115,000 jobs in April, highlighting that the labour market remained relatively resilient despite the global energy disruption caused by the US-Iran war.
2 min read8 May 2026Devina Mehra: China's long game is clearly working and it has left even the mighty US exposed
China’s push for self-reliance across critical technologies has followed a strategic plan. In the sphere of defence, the US might need Beijing’s nod for rare mineral access to rebuild its armoury after the Iran war. The dragon seems to have the eagle exactly where it wants it.
4 min read6 May 2026Fiscal folly: if a wealth tax is about easing concentrations of power, it’s unlikely to work
The point of a wealth tax, it now seems, is to rein in the power of the rich. But all such a levy might effectively do is empower bureaucrats who decide how much wealth is worth taxing. This merely shifts power from the market to the government.
4 min read5 May 2026Will Kevin Warsh ignore the employment part of the US Federal Reserve’s mandate?
As Kevin Warsh moves closer to leading the US Federal Reserve, his views on inflation targeting and the central bank’s balance sheet are clear, but his stance on employment, the second part of the central bank's dual mandate, remain a mystery as we stare at AI turbulence.
3 min read3 May 2026Mint Quick Edit | Will Trump’s space shield go the same way as Reagan’s Strategic Defense Initiative?
Donald Trump has kicked off his $185 billion Golden Dome project to defend the US from missiles. It could spark off a costly arms race in space without any certainty that no nuke will ever get through.
1 min read27 Apr 2026Most Americans blame Trump for rising gas prices amid war with Iran; approval rating crashes, polls show
Recent polls show that US President Donald Trump's approval rating has gone down significantly as compared to when he took his office. This comes at a time amid the US-Iran war.
3 min read25 Apr 2026Trump Names His Next Chief Economist. Who Is Christopher Phelan?
If confirmed by the Senate, Phelan will chair the White House Council of Economic Advisors, advising President Donald Trump on economic policies.
4 min read24 Apr 2026Las Vegas' Sphere Looked Like a Disaster. It’s Become a Huge Hit Instead.
The Las Vegas venue is the highest-grossing arena in the world. Phish, the Eagles and Backstreet Boys are playing to sold-out crowds.
5 min read24 Apr 2026In a Slow Market, Some Houses Are Still Selling Fast
Buyers are picky while prices and mortgage rates remain high, but homes in move-in condition can go quickly.
3 min read23 Apr 2026Why American workers are in a rut: Employer concentration may have distorted the US labour market beyond repair
Too many job seekers chasing too few employers can create recession-like conditions in the labour market even without a GDP growth slump. Pin the problem on the monopsonic power of employers. It gets in the way of labour mobility and keeps wages down.
3 min read22 Apr 2026Wait for it…
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