Economy

The Hill Jul 14

Federal Reserve Chair Warsh Discusses Changes to Inflation Strategy at Congressional Hearing

During his first congressional hearing, Federal Reserve Chair Kevin Warsh discussed the changes being made at the central bank to enhance its strategy regarding inflation and economic management. His testimony took place before the House Financial Services Committee on July 14, 2026.

Bias: 30 Sentiment: +0.00

Washington Examiner Jul 14

Trump Reverses Proposal for Tax on Goods Transiting the Strait of Hormuz

President Donald Trump announced a 20% tax on goods transiting the Strait of Hormuz, which was quickly reversed due to pressure from Gulf allies. The tax faced criticism for its potential logistical challenges and was deemed excessive by experts. Trump ultimately opted for trade and investment deals with Gulf states instead.

Bias: 4 Sentiment: +0.00

Fox News — Politics Jul 14

Trump announces U.S. military withdrawal from Iraq as security situation improves

President Trump announced that the U.S. will withdraw its military presence from Iraq, citing improved security conditions and a diminished Iranian influence. Iraqi Prime Minister al-Zaidi supported this transition, stating that Iraq's security forces are prepared to take over. The U.S. plans to shift its focus to investment and energy development in Iraq.

Bias: 4 Sentiment: +0.10

Al Jazeera English Jul 14

Trump and Iraq Prime Minister Discuss Economic Relations at White House

U.S. President Donald Trump met with Iraqi Prime Minister [Name] on July 14, 2026, to discuss the evolving relationship between Iraq and the United States. The Iraqi Prime Minister emphasized a shift towards economic cooperation and announced plans for disarmament of factions in Iraq.

Bias: 30 Sentiment: +0.10

The Hill Jul 14

Oil Prices Increase Amid Renewed US-Iran Tensions

Oil prices have risen due to escalating tensions between the U.S. and Iran. As of Tuesday, WTI crude was priced at approximately $79 per barrel, while Brent crude was around $85 per barrel.

Bias: 4 Sentiment: +0.10

Al Jazeera English Jul 14

Conflict and Hormuz Disruption Contribute to Hunger Crisis in Sudan

The World Food Programme has indicated that ongoing conflict in Sudan and tensions in the Strait of Hormuz are contributing to a worsening hunger crisis due to reduced fertilizer shipments. The situation highlights the interconnectedness of regional conflicts and food security.

Bias: 4 Sentiment: -0.50

Al Jazeera English Jul 14

US Consumer Prices Decrease in June Amid Lower Energy Costs

In June, US consumer prices fell, driven by lower energy costs. Experts caution that renewed tensions between the US and Iran may lead to future price increases.

Bias: 14 Sentiment: +0.10

PBS NewsHour Jul 14

Inflation Rate Decreases in June Amid Falling Gas Prices

Inflation rates in June 2026 have shown a larger decline than expected, attributed to falling gas prices and easing underlying prices. This may influence the Federal Reserve's decision-making regarding short-term interest rate adjustments.

Bias: 4 Sentiment: +0.10

New York Times — Business Jul 14

U.S. Workers Show Increased Productivity Without A.I.

U.S. workers have demonstrated higher productivity levels in recent years, attributed to factors such as tight labor markets, digitization, and remote work. This trend has occurred without the influence of artificial intelligence.

Bias: 4 Sentiment: +0.20

Al Jazeera English Jul 14

US Trade Expert Advocates for Trilateral Talks on Trade Agreement

A US trade expert has called for trilateral talks between the US, Mexico, and Canada to finalize a cross-border trade deal. The expert highlighted the necessity of cooperation among the three countries to progress in trade negotiations.

Bias: 30 Sentiment: +0.10

cnbc.com Jul 14

U.S. Conducts Strikes on Iranian Military Targets Amid Regional Tensions

The U.S. has conducted strikes against Iranian military targets for three consecutive nights, while Iran retaliated by targeting Emirati oil tankers in the Strait of Hormuz. The military actions have escalated tensions in the region, affecting oil prices and shipping routes.

Bias: 4 Sentiment: -0.10

Al Jazeera English Jul 14

Brent Crude Oil Prices Approach $85 Amid US-Iran Tensions

Brent crude oil prices are nearing $85 per barrel, marking a one-month high. The rise in prices is linked to escalating tensions between the United States and Iran, which could impact the security of the Strait of Hormuz.

Bias: 4 Sentiment: +0.00

Al Jazeera English Jul 13

Over 200 Economists and AI Researchers Urge Immediate Preparation for AI's Economic Impact

A group of over 200 economists and AI researchers has urged world leaders to prepare for significant economic disruptions resulting from artificial intelligence. They stress the importance of taking immediate action to mitigate potential impacts.

Bias: 14 Sentiment: +0.10

Washington Examiner Jul 13

Economists and AI Leaders Call for Action on AI's Economic Impact

A group of nearly 200 economists and AI experts has issued a statement calling for proactive measures to address the economic transformations expected from artificial intelligence. The statement emphasizes the potential for significant changes in the economy and the importance of societal and governmental responses to manage these changes effectively.

Bias: 30 Sentiment: +0.10

New York Post Jul 13

Average Manhattan Rent Reaches Nearly $5,500, Brooklyn Also Sees Increases

In June 2026, the average rent for a one-bedroom apartment in Manhattan reached nearly $5,500, setting a new record. Brooklyn is also seeing significant rent increases, reflecting ongoing challenges in the city's housing market.

Bias: 30 Sentiment: -0.10

New York Post Jul 13

Federal Reserve Governor Discusses Potential Interest Rate Hikes Due to Inflation

Federal Reserve officials are monitoring inflation, which has reached a three-year high amid the conflict in Iran. A Federal Reserve Governor stated that interest rate hikes may be necessary if inflation remains elevated, indicating a shift towards a tightening monetary policy.

Bias: 4 Sentiment: +0.00

Axios Jul 13

Oil Prices Rise Following Trump's Claim of Naval Blockade on Iran

On July 13, 2026, oil prices surged by about 9% to approximately $83 per barrel after President Trump announced a reinstatement of a naval blockade on Iran. The average U.S. gasoline price rose to $3.87 per gallon, while tracking services reported a decline in vessel traffic through the Hormuz Strait, contradicting Trump's assertions.

Bias: 4 Sentiment: +0.10

Washington Examiner Jul 13

Iran Exports Over $6 Billion in Oil Products Before US Blockade Reinstatement

Iran exported over $6 billion worth of oil products in the 26 days before the U.S. reinstated a blockade on July 13. The exports included more than 80 million barrels, but approximately 30 million barrels remained in storage due to the blockade. Reports indicate that Iran's total oil storage capacity is around 95 million barrels, with additional floating storage available.

Bias: 4 Sentiment: +0.00

Washington Examiner Jul 13

Trump Claims Strait of Hormuz is Open Amid Oil Market Tensions

President Donald Trump asserted that the Strait of Hormuz remains open, countering Iranian claims of its closure. This statement follows heightened tensions between the U.S. and Iran, which have led to a significant increase in oil prices. Analysts suggest that the market's response indicates continued uncertainty regarding the situation.

Bias: 4 Sentiment: +0.10

The Verge Jul 13

States File Lawsuit to Block Paramount and Warner Bros Discovery Merger

Twelve state attorneys general have filed a lawsuit to block the $110 billion merger of Paramount and Warner Bros Discovery, citing concerns over competition and potential price increases. The states involved include California, New York, and others. This lawsuit comes after the Justice Department chose not to intervene in the merger.

Bias: 30 Sentiment: +0.00