Economy

Delve into the intricate world of economic forces and market dynamics in our Economy section. We present detailed analyses of financial markets, fiscal policies, and international trade developments. Our expert reports and data-driven insights aim to clarify complex economic trends and their impacts on global prosperity.

Global Steel Industry Faces Surplus and Strategic Challenges Amid Rising Costs and Tariffs

Steel producers worldwide are grappling with massive overproduction, declining prices, and rising trade barriers, while striving to balance national security concerns and the transition to greener technologies.

Par David Lee • 25 Jul 2025 • 5 MIN

Scrap steel being melted down at Tata Steel’s facility. Only a handful of companies worldwide can manufacture this advanced, high-grade steel.

The Federal Reserve renovation project has drawn scrutiny and placed its chair, Jerome H. Powell, at the center of debate.

Tariffs and Inflation Drive Up Costs of Federal Reserve Headquarters Renovation

A $2.5 billion overhaul of the Federal Reserve's Washington headquarters faces scrutiny amid rising costs attributed to tariffs and inflation, with officials defending essential security and preservation upgrades.

Par Eleanor Vance • 3 MIN

Detroit remains one of the more affordable metropolitan areas for luxury homebuyers.

Luxury Homes Exceed $1 Million in Nearly All Major U.S. Metro Areas

In all but seven of the largest U.S. metropolitan areas, luxury homes now command prices above $1 million, reflecting a sharp rise over the past decade.

Par Jamal Robinson • 3 MIN

The housing market stalled last month as prices climbed and buyer activity slowed.

Record-High U.S. Home Prices Persist as Sales Decline in June

Despite June being a peak season for real estate, U.S. existing home sales fell while median prices reached new highs, underscoring ongoing affordability challenges.

Par David Lee • 3 MIN

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Kari Voutilainen, pictured with his daughter Venla in their Val-de-Travers atelier, exemplifies the questions surrounding company succession as he approaches retirement.

Navigating Succession in the Independent Watchmaking Sector

The pioneering independent watchmakers who rejuvenated the industry are approaching retirement age, raising critical questions about the future leadership and legacy of their brands.

3 MIN

The FARE Act, effective June 11, prohibits brokers from charging renters fees unless they directly engage their services.

New Broker Fee Law in NYC Spurs Rent Hikes and Persistent Scams

Following the implementation of New York City's broker fee reform, landlords have raised rents significantly, while some brokers continue to charge tenants fees despite the new rules.

3 MIN

China’s Next Major Economic Disruption Looms Large

Two decades after the initial wave of Chinese manufacturing reshaped American industry, a new and potentially more profound economic challenge is emerging as China advances into high-tech sectors once dominated by the U.S.

4 MIN

Andrew Kassoy pictured in 2019, reflecting on capitalism’s flaws and the need for care in business practices.

Andrew Kassoy, Visionary Entrepreneur, Passes Away at 55

Andrew Kassoy, co-founder of B Lab, championed a reimagined capitalism focused on social and environmental responsibility before his death at 55.

3 MIN

Bari Weiss attending a Free Press event in Washington earlier this year.

Skydance Explores Acquisition Talks with The Free Press

Skydance CEO David Ellison has initiated preliminary discussions to acquire The Free Press, the digital news platform co-founded by Bari Weiss, amid ongoing efforts to merge Skydance with Paramount.

3 MIN

A basketball game at IMG Academy in Bradenton, Florida, part of the youth sports industry that generates around $40 billion annually, according to recent estimates.

Private Equity Eyes $40 Billion Youth Sports Market Amid Growing Investment

The booming youth sports sector, encompassing baseball, volleyball, and football, is drawing significant private equity investment, highlighting the widening divide between affluent families and others.

3 MIN

Biden’s Chief Economist Warns of Growing Debt Crisis Threatening U.S. Economy

A shift in perspective from a leading economic advisor highlights the urgent risks posed by America’s rising debt, stressing the need for timely action to prevent severe economic consequences.

3 MIN

Jorge H. Martínez at his manufacturing facility in Monterrey, Mexico, where his company Micro Partes produces a variety of small parts, experiencing increased sales this year.

Mexican Manufacturer Thrives Amid U.S. Tariffs, Seizing New Market Opportunities

A small manufacturing company in Monterrey, Mexico, has overcome intense competition from China by capitalizing on U.S. tariffs, leading to significant growth in local sourcing and sales.

5 MIN

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Economy

Global Steel Industry Faces Surplus and Strategic Challenges Amid Rising Costs and Tariffs

Tariffs and Inflation Drive Up Costs of Federal Reserve Headquarters Renovation

Luxury Homes Exceed $1 Million in Nearly All Major U.S. Metro Areas

Record-High U.S. Home Prices Persist as Sales Decline in June

More in This Category

Navigating Succession in the Independent Watchmaking Sector

New Broker Fee Law in NYC Spurs Rent Hikes and Persistent Scams

China’s Next Major Economic Disruption Looms Large

Andrew Kassoy, Visionary Entrepreneur, Passes Away at 55

Skydance Explores Acquisition Talks with The Free Press

Private Equity Eyes $40 Billion Youth Sports Market Amid Growing Investment

Biden’s Chief Economist Warns of Growing Debt Crisis Threatening U.S. Economy

Mexican Manufacturer Thrives Amid U.S. Tariffs, Seizing New Market Opportunities

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Tariffs Backfire: How Trade Policies Intended to Protect U.S. Manufacturers Are Creating Challenges

Manhattan’s Office Security Proves Strong, Yet Not Foolproof in Deadly Park Avenue Attack

Amazon Posts $18.2 Billion Profit Driven by Robust Retail Sales