
Econostrum
Economics website covering technology, industry, and global markets.

Oil Prices Enter a New Phase of Uncertainty After Latest Update
Oil prices edged higher at the start of trading on July 6, with Brent crude reaching$72.36 per barrel. The benchmark posted only a slight increase from the previous day, while remaining above its level from one year ago. The latest figures highlight the changing nature of global energy markets, where prices continue to respond to supply and d

Wage Gap Across America Just Grew Again as New Minimum Pay Rates Take Effect
The divide between state and federal minimum wages continues to grow across the United States as new wage increases take effect in several parts of the country. While many states have adopted higher pay floors, the federal minimum wage has remained unchanged since 2009. The latest round of increases, effectiveJuly 1, reflects continued effort

Employers Brace for Sweeping Changes to the U.S. Green Card Hiring Process
The proposal could affect employers seeking employment-based green cards for foreign professionals, as PERM serves as the required labor certification process in many cases. While the administration has outlined its objectives, the specific regulatory language has not yet been released. The planned update comes as the administration continues

Massive Heart Drug Recall Issued Over Possible Foreign Substance Contamination
Amgen has voluntarily recalled nearly one million bottles of its heart medication Corlanor (ivabradine) after the possible presence of a foreign substance was identified. According to U.S. Food and Drug Administration records, the company initiated the nationwide recall on June 4, 2026, and the agency classified it as a Class II recall on Jun

Major Breakfast Restaurant Chain Shuts Down 150 Locations Across the U.S.
The closures reflect broader challenges affecting the restaurant industry, where declining customer traffic and higher operating costs have placed increasing pressure on operators. According to the National Restaurant Association, restaurant owners have reported persistent declines in customer visits over the past year. Denny’s has shut anoth

More Veterans Are Finding a New Way Into a Home Despite High Mortgage Rates
The rise comes as higher home prices and elevated mortgage rates continue to increase the cost of buying a home. According to a Rocket Mortgage and Redfin analysis of county records across 40 major U.S. metropolitan areas, more eligible military borrowers are relying onVA loans to reduce upfront expenses. VA loans are backed by the U.S. Depar

Snap Benefits Are Arriving Now: See the July 2026 Payment Dates for All 50 States
The distribution process began onJuly 1 in many states and will continue throughout the month in others. According to the payment schedule released for July 2026, some states complete all deposits in a single day, while others spread payments over several weeks using criteria such as case numbers or beneficiaries’ last names. The Supplemental

Why Homeownership Has Reached a Breaking Point Across the United States
For generations, owning a home has been closely tied to the American dream and the accumulation of wealth. Today, that aspiration remains widespread, but many prospective buyers are finding themselves priced out of the market as affordability continues to deteriorate. The U.S. housing market has entered what several economists describe as an