Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Fri, Jun 26, 2026 10:51 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Jay L. Zagorsky

Clinical associate professor, Boston University
I teach at Boston University's Questrom School of Business. From 1988 to the present my teaching has spanned a wide range of levels from senior executives taking intensive classes to high school students encountering economic theories for the first time. I have taught giant lectures of over 450 students, classes of fifty, and small seminars with fewer than ten people.

From 1995 to 2018 I held the position of Research Scientist at The Ohio State University, where I collected data as part of the National Longitudinal Surveys on income, wealth, and life experiences of thousands of Americans. My personal finance research has been widely quoted in the media and has been highlighted in the Wall Street Journal, USA Today, Fox News, Good Morning America, Scientific American and numerous other news outlets.

Besides publishing numerous scholarly articles I wrote the book "Business Information: Finding and Using Data in the Digital Age" for McGraw-Hill/Irwin and "Business Macroeconomics: A Guide for Managers, Traders and Practical People." More information on the macroeconomics book can be found at http://businessmacroeconomics.com/.

My personal blogs are found here https://blogs.bu.edu/zagorsky/ and https://u.osu.edu/zagorsky.1/

Can the president really kill off the penny – and should he?

Feb 16, 2025 10:44 am UTC| Insights & Views Politics

In the middle of Super Bowl LIX, President Donald Trump posted on social media that he was getting rid of the penny. Since the lowly penny in 2024 cost about 3.7 cents to make meaning the government loses money on every...

Why March Madness is a special time of year for state budgets

Mar 25, 2024 05:12 am UTC| Insights & Views Sports

March Madness the time when the best mens and womens college basketball teams challenge each other is a made-for-television spectacle watched by millions. While March Madness has been around for decades, one of the...

Why do airlines charge so much for checked bags? This obscure rule helps explain why

Mar 18, 2024 09:15 am UTC| Insights & Views Business

Five out of the six biggest U.S. airlines have raised their checked bag fees since January 2024. Take American Airlines. In 2023, it cost US$30 to check a standard bag in with the airline; today, as of March 2024, it...

'No cash accepted' signs are bad news for millions of unbanked Americans

Jan 23, 2024 05:30 am UTC| Insights & Views Economy

How many people dont have a bank account? And just how difficult has it become to live without one? These questions are becoming increasingly important as more businesses refuse to take cash in cities across the U.S....

Airlines are frustrating travelers by changing frequent flyer program rules – here's why they keep doing it

Nov 21, 2023 04:17 am UTC| Business

As the U.S. holiday travel season picks up, many people are noticing that their frequent flyer benefits arent going as far as they used to. In September 2023, Delta Air Lines revamped its frequent flyer program to make...

Passport bottleneck is holding up international travel by Americans eager to see the world as COVID-19 eases

May 11, 2023 15:58 pm UTC| Health

The World Health Organization declared on May 5, 2023, that the COVID-19 pandemic is no longer a public health emergency. Although the virus is still causing hospitalizations and deaths, many travelers who were reluctant...

I tried to pay my taxes in cash – here's what happened, and why the IRS should make it easier to do so

Apr 10, 2023 16:12 pm UTC| Economy

About two-thirds of all U.S. residents who file federal income taxes typically get a refund. Unfortunately, this year I am among the other third who owe the Internal Revenue Service money. So I tried something Ive never...

1 2

Economy

South Korea’s KOSPI Plunges as Apple Price Hikes and OpenAI IPO Delay Shake AI Chip Stocks

South Koreas benchmark KOSPI index suffered a steep selloff on Friday as investors dumped technology and semiconductor stocks following Apples latest price increases and reports that OpenAI may delay its highly anticipated...

Asian Stocks Sink as Apple Price Hikes Spark AI Valuation Fears, South Korea and Japan Lead Selloff

Asian stock markets closed sharply lower on Friday as investors took profits from this weeks technology-driven rally after Apple Inc.s decision to raise prices on several products reignited concerns about the...

Gold Prices Fall Below $4,000 as Strong Dollar, Fed Rate Hike Bets Weigh on Bullion

Gold prices extended their decline on Friday, falling below the key $4,000-per-ounce level as a stronger U.S. dollar and growing expectations of additional Federal Reserve interest rate hikes continued to pressure the...

SpaceX Eyes Starlink Mobile Phone Service to Challenge Verizon, AT&T, and T-Mobile

SpaceX is reportedly exploring a major expansion of its Starlink business by launching a Starlink-branded mobile phone service in the United States, a move that could position Elon Musks company as a direct competitor to...

Asian Currencies Trade Mixed as Yen Hovers Near 40-Year Low, Dollar Holds Firm on Fed Outlook

Asian currencies traded within narrow ranges on Friday as the U.S. dollar paused after a strong weekly rally, while the Japanese yen remained close to a four-decade low amid lingering concerns over potential government...

Politics

Trump Administration Rejects Claims of Rift Between JD Vance and Marco Rubio on Iran Policy

President Donald Trumps administration is pushing back against claims of internal divisions over its Iran strategy after comments from Vice President JD Vance and Secretary of State Marco Rubio appeared to reflect...

US Approves $250 Million Fighter Jet Training Sale to Australia

The United States has approved a potential $250 million military sale to Australia, reinforcing the long-standing defense partnership between the two allies. The U.S. State Department announced on Thursday that it had...

Johns Hopkins University Lays Off 110 Employees as Federal Research Funding Declines

Johns Hopkins University has announced the layoff of 110 employees following significant reductions in federal research funding, highlighting the growing financial challenges facing one of the United States leading...

Iran Attack in Strait of Hormuz Pushes Oil Prices Higher

Global oil prices climbed on Thursday after Irans Islamic Revolutionary Guard Corps (IRGC) reportedly attacked a Singapore-flagged cargo vessel in the Strait of Hormuz, reigniting concerns over Middle East tensions and...

Republican Lawmaker Introduces AI Incident Reporting Bill to Strengthen U.S. AI Safety

The United States could soon see new artificial intelligence regulations after Republican Representative Nathaniel Moran of Texas introduced the proposed AI Incident Reporting Act, a bill designed to improve transparency...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI IPO Delay Weighs on SoftBank Shares as AI Valuation Concerns Grow

SoftBank Group (TYO:9984) shares tumbled sharply on Friday after a report suggested that OpenAI is considering postponing its highly anticipated initial public offering (IPO), delaying what many investors had expected to...

Apple Supplier Stocks Slide as Samsung, SK Hynix Lead Selloff After Apple Price Hikes

Apples major Asian suppliers came under heavy selling pressure on Friday after the iPhone maker announced significant price increases for its MacBook and iPad lineup, fueling concerns that rising semiconductor costs are...

Samsung, SK Hynix to Unveil Record AI and Semiconductor Investment Plans Worth Over $646 Billion

South Korean technology giants Samsung Electronics and SK Hynix are preparing to unveil sweeping long-term investment strategies centered on semiconductors, artificial intelligence (AI), and next-generation technologies,...

OpenAI May Delay IPO to 2027 Amid $1 Trillion Valuation Goal

OpenAI is reportedly considering postponing its highly anticipated initial public offering (IPO) until 2027 as it pursues an ambitious $1 trillion valuation. According to a report by The New York Times, company executives...

Kioxia Targets U.S. Listing as AI Chip Boom Accelerates

Japan-based Kioxia Holdings Corp. (TYO:285A) is preparing to launch U.S. depositary shares in the spring of 2027, a strategic move aimed at expanding its global investor base and taking advantage of growing enthusiasm for...