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The Latest Breaking News from Economy

Stocks Slip Before the Open as Oil Rebounds Amid Fragile U.S.-Iran Ceasefire, PCE Inflation and GDP Data in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.31%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.25% this morning as oil prices advanced amid waning optimism about the U.S.-Iran ceasefire.

Barchart

Fiscal discipline as Ukraine's real test on the road to EU membership

Fiscal discipline will be Ukraine's real test on the road to EU membership, writes Danylo Hetmantsev, chair of parliament’s finance, tax and customs committee, in an op-ed for Euronews. He argues that Ukraine has already shown it can turn shadow economy reforms into real revenue.

Euronews

Famous vineyard region raided as black economy targeted

Vineyards and labour-hire companies who exploit vulnerable workers are being targeted by federal authorities cracking down on the black economy.

AAP

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Venezuelan acting President Delcy Rodríguez asks workers for patience and promises May wage increase

Venezuelan acting President Delcy Rodríguez has asked public and private sector workers for patience as her government works to improve the economy

The Independent UK

How Australia’s mining sector locks women out of high-paying roles

Mining is a critical industry for the Australian economy and has the potential to offer secure, well-paid and meaningful careers.

The Conversation

Billions Lost to Server Outages in 2025: Cloud Failures Cost Global Economy Hundreds of Billions

A cascade of major cloud and server outages throughout 2025 exposed the fragility of the world's digital infrastructure, with analysts estimating that unplanned IT downtime inflicted hundreds of billions of dollars in global economic losses as businesses, governments and consumers grew ever more reliant on always-on services.

International Business Times

£30 million hit to London economy after Wireless Festival cancelled over Home Office Kanye West ban

The Finsbury Park festival was called off on Tuesday when the Home Office confirmed headliner Kanye West would be blocked from entering Britain

Evening Standard

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Big Tech Abandons Multi-Billion Dollar Data Centres in US as Investors Demand Energy, Water Usage

Global tech giants are abandoning multi-billion-dollar data centre projects across the US due to mounting environmental pushback. Investors are now demanding full disclosure of water usage and site-specific energy audits to mitigate ESG tech reporting risks. Learn how AI energy demand is reshaping the future of the digital economy.

International Business Times UK

Why Americans are buying $22 smoothies despite feeling terrible about the economy

Americans are skipping restaurant dinners, delaying car purchases and scouring for grocery deals. Amid tariff anxiety and broader stress over affordability, consumer confidence has dropped to levels not seen in over a decade, according to The Conference Board, a business think tank. At this point, it’s wealthier consumers who are…

The Conversation

The used SUVs that hold their value best, according to Edmunds

Depreciation is typically unavoidable, but certain vehicles tend to hold their value better than others

The Independent UK

Dollar Edges Lower Ahead of Tuesday Night's Iran Deadline

The dollar index (DXY00 ) on Tuesday fell by -0.11%. The dollar was under pressure on Tuesday on concerns that the lingering Iran war could lead to a spike in energy prices that derail the economy. Losses in the dollar were limited after US Feb capital goods new orders nondefense...

Barchart

Sam Altman and Vinod Khosla agree: AI will break the economy. Their fix is no income tax for most Americans

The venture capitalist's proposal to eliminate income taxes for earners under $100,000 now has a powerful institutional ally—the most valuable AI company on the planet.

Fortune

Top economist Mark Zandi says the indicator that has called every recession since WWII just signaled we're already in one

The Vicious Cycle Index is a recession indicator that takes labor force participation changes into consideration. The top economist at Moody’s Analytics said it’s flashing red.

Fortune

OpenAI says AI could mean a 4-day week ‘with no loss in pay’ — but warns jobs and wealth are at risk

OpenAI says AI could bring a four-day week — but only if governments reshape the economy to share the gains

TechRadar

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Barchart

Dollar Slightly Lower Ahead of Tonight’s Iran Deadline

The dollar index (DXY00 ) today is down by -0.04%. The dollar is under pressure today on concerns that the lingering Iran war could lead to a spike in energy prices that derail the economy. Losses in the dollar are limited after US Feb capital goods new orders nondefense ex-aircraft...

Kiplinger

War in the Middle East Spells Higher Inflation for U.S. Consumers

The economy can probably withstand the jump in fuel costs, but prices figure to rise faster, straining many budgets.

Euronews

Robot taxes, four-day work week: Inside OpenAI’s plan for an AI-driven economy

The company believes that AIs will soon become smarter than humans, which will have a drastic effect on how people work, live and pay taxes.

International Business Times

Venezuela's Economy Gains Speed After U.S. Intervention But Oil Alone May Not Secure Recovery, Analyst Claims

The economy of Venezuela is accelerating in the wake of former President Nicolás Maduro's capture by the U.S., with economists now projecting a stronger-than-expected expansion in 2026.

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Evening Standard

Scottish Tory manifesto to launch with focus on tax and cutting benefits bills

Scottish Conservative leader Russell Findlay is set to make a speech in Edinburgh on Tuesday.

The Conversation

By avoiding means testing, the government is giving handouts to the rich

Australia is a global success story. The structural reforms in the 1980s and ‘90s of liberalising trade, floating the dollar and reducing government involvement in the economy ignited an unprecedented period of growth. What followed was almost 30 years of uninterrupted economic growth and a substantial increase in living standards.

Fortune

Jamie Dimon defends the U.S. war on Iran—and warns it’s pushing the economy into uncharted territory

In prior years, the JPMorgan CEO warned about economic hurricanes and banking crises. This year, it’s about the unraveling global order itself.

International Business Times

Global Economy Faces Intensifying Pressure Due To Continued Strait of Hormuz Disruption

Markets and businesses worldwide face mounting challenges as prolonged shipping disruptions push up costs and tighten trade and financial conditions.

Salon

Iran is breaking Trump's spirit

The war is getting in the way of the president's race-baiting and revenge campaigns

Euronews

Why are we taxed to fly? Europe’s aviation levies explained

Airfare pricing is no simple business. From dynamic ticketing, to government policies and shifting global factors, what passengers end up paying can be highly unpredictable.

GOBankingRates

5 Times When Dining Out Is Actually Worth It in This Economy

Here are five times dining out can make financial sense in today's economy.

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