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The Latest Breaking News from Economy

Keir Starmer defiant as Labour leadership challenge mounts from rivals: ‘Our plan is working’

Starmer highlights the UK’s growing economy, migration numbers falling and low NHS waiting times as he faces pressure over leadership

The Independent UK

Quote of the day by Jensen Huang: 'It's very clear that AI is going to impact every industry. I think that every nation needs to...' - lessons on artificial intelligence, technology, global economy and how AI will transform every country by Nvidia CEO and GPU inventor

Quote of the day by Jensen Huang: Jensen Huang stresses AI's transformative power, urging nations to prioritize it in their strategies. He likens AI's impact to electricity and the internet, affecting every industry from healthcare to finance. Countries investing in AI research and infrastructure will likely lead global innovation and…

The Economic Times

We’re Not in a Bubble. Wall Street Just Hasn’t Caught Up With the New ‘Physics’ of the Stock Market.

Traditional signals about the overheating of the U.S. stock market are ceasing to work in the age of digital transformation.

Barchart

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Jammu and Kashmir govt imposes spending curbs, restricts official events

Jammu and Kashmir government has implemented stringent expenditure-control measures to ensure fiscal discipline. Restrictions are now in place for official functions, foreign travel, vehicle purchases, and hiring of office spaces. The directive emphasizes utmost economy, discouraging non-essential travel and promoting virtual alternatives for events.

The Economic Times

Despite Trump's pressure, Cuba may not turn out like Venezuela

The U.S. is increasing pressure on Cuba, but unlike Venezuela, the island nation lacks a clear opposition leader or succession plan. Cuba's cohesive and ideologically entrenched government, coupled with U.S. legal constraints and its state-run economy, present significant challenges to regime change efforts.

The Economic Times

World’s most powerful economies by 2030: Prediction reveals future global leaders

Economic rankings rarely stay still for long. A country can spend decades climbing steadily through manufacturing, technology and trade, only to slow once population growth weakens or industries begin shifting elsewhere. By the end of this decade, the global balance is expected to look noticeably different from the one that…

The Times of India

My startup hit $200 million ARR. But first I walked away from 2.5 million YouTube subscribers and nearly went bankrupt

Fanvue CEO Joel Morris built one of the creator economy's fastest-growing platforms — after giving up a teenage YouTube fortune and sweating through a Spanish villa with days of runway left. Here's what the middle looked like.

Fortune

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Oil prices settle higher on slow progress in US-Iran peace talks

Oil prices saw a volatile week as hopes for a U.S.-Iran peace deal, which would normalize shipping through the Strait of Hormuz, fluctuated. Despite some positive signals from U.S. officials and Pakistani facilitation, significant gaps remain, particularly on uranium stockpiles. Global oil inventories are depleting rapidly due to the disruption,…

The Economic Times

Wars, Oil and Wealth: The world adapts faster than we think, lessons for equity investors

India today is a more than four-trillion-dollar economy with stronger external reserves, wider energy relationships, greater diplomatic reach and a far more diversified economic structure than in earlier decades. Higher oil prices may affect inflation, current account balances and near-term sentiment, but they are unlikely to derail the broader growth…

The Economic Times

A mere 16% of Americans give high marks to the economy in what could be Trump’s undoing in midterms

High gas prices and rising inflation could spell disaster for Republicans in the midterms

The Independent UK

New US Fed chair says he will be 'reform-oriented'

WASHINGTON - New US Federal Reserve Chair vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent."

Bangkok Post

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair

AAP

US Fed chair Kevin Warsh says will be 'reform-oriented' at glitzy White House swearing-in

New US Federal Reserve chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." It is unusual for the chief of the Fed -- an independent non-partisan body that…

The Economic Times

Economists Increase Inflation Forecasts And Expect Delayed Rate Cuts: Survey

Economists are increasing their inflation forecasts and believe the Fed will take longer to cut interest rates given the current economic scenario, according to a new survey.

International Business Times

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The Economic Times

Kevin Warsh takes oath as US Federal Reserve chair

Kevin Warsh has taken the oath as the new US Federal Reserve chair. President Donald Trump stated his desire for Warsh to be fully independent. Trump urged the new chair to focus on letting the American economy boom. Warsh was advised to make decisions without external influence. This marks a…

International Business Times

American Economic Confidence Hits Four-Year Low, Poll Finds

A new poll has found that Americans' confidence in the economy is now at a four-year low

The Economic Times

Space ETFs booming in anticipation of SpaceX IPO

Space exchange-traded funds are seeing massive investor interest. New funds are launching rapidly, attracting billions in new investments. This boom is fueled by the upcoming SpaceX IPO and a broader belief in the growth of the space economy. Investors are eager to capitalize on this emerging sector. Several new ETFs…

The Economic Times

US Secretary of State Rubio sees progress in Iran talks, but says 'not there yet'

United States officials report some progress in talks with Iran. Diplomatic efforts are intensifying to end a conflict that has disrupted the global economy. Key issues remain, including Iran's enriched uranium and control over the Strait of Hormuz. The situation fuels uncertainty and impacts oil prices. Negotiations continue with international…

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The Guardian - US

Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy

Former Wall Street banker takes over amid growing concern over cost of living and disapproval of Trump’s agenda

The Economic Times

Kevin Warsh takes over US Fed with a policy problem already in view

An unfolding boom in artificial intelligence technology is reshaping the economy in ways Fed officials say could be profound for workers, companies and consumers, but will be hard for Warsh and his colleagues to assess in real time. At the same moment inflation is already high and potentially heading higher…

The Economic Times

Oil spike, global debt, market stress: RBI flags mounting external shocks but lays out 5 areas where India remains resilient

The Reserve Bank of India warns of global economic dangers from oil prices, debt, and market stress. However, India shows strength in growth, inflation control, and its banking sector. The nation remains a fast-growing economy. Strong domestic demand and government spending support this. India's foreign reserves are healthy, and its…

Euronews

German business morale improves despite Iran war disruption to energy markets

German business confidence rose unexpectedly in May, breaking a run of declines linked to the Iran war and offering cautious optimism that Europe's largest economy is proving more resilient than initially feared.

The Economic Times

The $4.50 gas economy: Fewer nights out, more belt-tightening

As fuel prices continue to rise, many American families are feeling the financial crunch. With budgets tightening, people are cutting back on non-essential expenses and are on the lookout for free entertainment options. For numerous individuals, reducing driving simply isn't feasible due to job responsibilities and family needs.

The Economic Times

Warsh takes over Fed with a policy problem already in view

Kevin Warsh takes charge as the new Fed leader. He faces a critical juncture for the economy and monetary policy. Inflation is high and could rise further. Artificial intelligence is reshaping industries. Warsh must decide whether to raise interest rates to combat inflation. His actions will be closely watched by…

The Economic Times

Maharashtra's economy to surpass those of Singapore, UAE in 2 to 3 years: Devendra Fadnavis

Maharashtra's economy is set to outpace Singapore and the UAE within two to three years. Chief Minister Devendra Fadnavis highlighted rapid growth in innovation, artificial intelligence, and infrastructure as key drivers. The state is already the world's 30th largest economy and aims for a $1 trillion economy by 2030. Technology…

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