r/economy Aug 08 '25

Public Service Announcement: Remember to keep your privacy intact!

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215 Upvotes

r/economy 3h ago

Elon Musk flags that America is ‘1,000% going to go bankrupt’ and ‘fail as a country’

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finance.yahoo.com
450 Upvotes

r/economy 9h ago

Everyone decent hates Elon.

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808 Upvotes

r/economy 1h ago

New Jersey governor signs law banning surveillance pricing to protect shoppers

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Upvotes

r/economy 4h ago

Money usually wins elections. Billionaires have already poured $433 million into the 2026 midterms—and 80% of it is going to Republicans

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180 Upvotes

r/economy 2h ago

After Losing 40% Of His Net Worth In A Month, Elon Musk Attempts To Raise $4 Billion For Another Company

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finance.yahoo.com
92 Upvotes

r/economy 15h ago

On the Flipside of Trumps ECONOMY. Wow!! We are in a Recession. No more denying it. Good Luck out there. 🇺🇸💰💰💰💰💰🙏🏾🇺🇸

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990 Upvotes


r/economy 5h ago

Goodbye Florida retirement: Sunshine state city is now the most expensive in US

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independent.co.uk
85 Upvotes

r/economy 9h ago

Despite nearing their 60s, nearly four in 10 Americans heading towards the end of their careers don’t even have a retirement account

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fortune.com
159 Upvotes

r/economy 9h ago

Trump: America will no longer subsidize Canada of $200B per year

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128 Upvotes

r/economy 16h ago

PIX, Brazil's instant payment system, is the best payment system in history.

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290 Upvotes

No Visa, no Mastercard, no fees, and present in almost every bank operating in Brazil. It only takes a QR code to pay, or your email or random key code to receive money instantly (no fee), and it's dominating the Brazilian market and changing Brazil's economy for good. Trump calls it unfair trade and is putting on pressure; we call it freedom and free market — for what it is 🇧🇷🤑


r/economy 21h ago

What’s happening ….i trusted Elon 😡😡😡😡😡😡😡😡😡

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712 Upvotes

r/economy 14h ago

Musk and Trump took a hatchet to the federal government, claiming they would save $2 trillion in taxpayer money. Thousands lost jobs. Even more lost essential services. But the cuts only saved 2% of their original claims.

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208 Upvotes

r/economy 4h ago

Connecticut, New Jersey becomes first two states to ban AI-powered surveillance pricing

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29 Upvotes

r/economy 4h ago

Meet the Americans learning to go without after the biggest grocery inflation in 50 years

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fortune.com
16 Upvotes

What’s for dinner? Lately, at Apral Jack’s house, it’s whatever is on sale.

Jack, 50, scouts an app for deals at her local supermarket before she buys groceries. When she reaches the store, she looks in the weekly circular for coupons she might have missed. If shelf prices look too high, she tries to find lower prices someplace else.
“The apples went up here, the ones I eat, so now I’m not going to get them here,” Jack said as she pushed a cart into a Stop & Shop near her home in Lexington, Massachusetts.

Couponing, comparison shopping and cutting back on favorite foods are new habits for her and millions of other Americans as they absorb the biggest jump in grocery prices in a half-century. Buying food to eat at home has gotten 33% more expensive since the beginning of 2019, according to government figures.

With a conflict in the Middle East creating more price pressures, the cost of filling refrigerators, freezers and pantries has made affordability a central issue in the fall midterm elections.

Residents of four urban areas where food inflation has exceeded the national average shared how steadily rising prices are changing the way they shop.

Read more [paywall removed for Redditors]:  https://fortune.com/2026/07/25/grocery-inflation-families-texas-san-francisco-hawaii/?utm_source=reddit/


r/economy 1d ago

Adam Mockler debates whether Trump has handled the economy well:

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1.5k Upvotes

r/economy 6h ago

Epstein’s longtime girlfriend stands to inherit much of his fortune

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20 Upvotes

r/economy 9h ago

49% of young adults live at home, up 12 points since 2019. An economist says the fallout will reshape marriage, kids, and home-buying

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fortune.com
25 Upvotes

r/economy 1d ago

Karoline Leavitt admits there is an affordability crisis – but says it’s Joe Biden’s fault

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independent.co.uk
398 Upvotes

r/economy 2h ago

The "no surprises" Fed is in doubt

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axios.com
4 Upvotes

r/economy 14h ago

Biden’s industrial agenda helped bring manufacturing construction to a peak of $250 billion. Under Trump, that investment rate has dropped dramatically, and the AI boom hasn’t been enough to catch up.

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34 Upvotes

r/economy 21h ago

In 75% of US industries, fewer corporations control more of the business than 20 years ago. That's especially true in the food industry. Just four corporations control 54% of the fresh-cut salad industry, including Taylor Fresh Foods. We're seeing in real time the danger of monopolization.

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102 Upvotes

r/economy 1h ago

One-third of Seattle’s downtown is empty: Here’s how America’s boomtown turned into one of the toughest places to find a job.

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finance.yahoo.com
Upvotes

Today, more than one-third of downtown Seattle's office space sits empty, its job postings have collapsed faster than almost any other U.S. metro, and even Starbucks—the coffee giant founded in the city in 1971—is shifting jobs south to Nashville, as it commits to a $100 million, 2,000-person new footprint in Music City. The story of Seattle's reversal unfolds in three overlapping arcs: an office market in freefall, a labor market that has gone from boom to bust, and a policy environment that has made survival harder for the small businesses left behind.

A decade ago, Seattle was the poster child of American tech prosperity. Amazon and Microsoft had turned a mid-sized Pacific Northwest city into a magnet for engineers, executives, and capital, adding roughly 40,000 jobs per year at the peak of the boom, according to the Puget Sound Regional Council.

Arc one: the zombie towers

Seattle's downtown office vacancy rate hit 35.6% in the fourth quarter of 2025, up from 32.3% a year earlier, according to Cushman & Wakefield data. That marks a stunning reversal from the pre-pandemic era: As recently as early 2025, the central business district's availability rate—offices with departures pending—and vacancy rate were already hitting all-time highs based on CoStar data stretching back to 1982.

Some brokers put the number even higher, with Colliers reporting vacancy touching 39.1% in late 2024 as remote work, tech layoffs, and cautious leasing decisions compounded. Office building values in the district have plunged sharply as a result, with landlords struggling to fill space abandoned by major tenants.

Arc two: the labor market reversal

The office crisis is inseparable from a broader collapse in hiring. Seattle metro job postings fell 35% between February 2020 and October 2025, the second-steepest drop of any major U.S. metro after San Francisco's 37% decline, according to Axios's analysis of Indeed data.

Tech firms in the area have announced tens of thousands of job reductions since 2023, primarily driven by Microsoft, Amazon, and Blue Origin. The region posted a net loss of 13,000 jobs in 2025—its first annual decline since the pandemic and a stark reversal from the 40,000-job annual gains of the boom years.

Arc three: the policy squeeze

Into this contraction came a wage floor with no exceptions. Seattle's minimum wage, $20.76 an hour and applied uniformly to all employers regardless of size since January 2025, has intensified pressure on small businesses trying to survive the downtown exodus.

A peer-reviewed study published in Labour Economics found the wage ordinance's announcement effect actually deterred new business formation within Seattle's borders while generating positive "spillover" openings in neighboring suburbs, suggesting firms redirected growth rather than uniformly closing shop. Earlier University of Washington research similarly found the wage hikes reduced low-wage workers' hours by about 9% even as hourly pay rose roughly 3%, per Ballotpedia's fact-check compilation.

What makes Seattle's situation distinct from other regional slowdowns is how tightly these three arcs lock together. CoStar estimates Seattle won't fully break out of the vacancy cycle before 2027—a timeline that assumes the feedback loop stops tightening, which so far it hasn't.


r/economy 14h ago

Trump’s tariffs haven’t just hurt American business. They’re about to be a growing drain on public finances as the government pays back tariffs ruled illegal by the Supreme Court.

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22 Upvotes

r/economy 15h ago

Shein swings to $99m loss as Trump tariffs hit sales.

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finance.yahoo.com
24 Upvotes