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The Latest Breaking News from Economy

Dow futures reverse higher as recession alarm bells jolt Wall Street awake from dreams of a gravity-defying economy

With Wall Street now more attuned to economic risks like Trump's trade war, the tariffs that will go into effect on Thursday may get more scrutiny.

Fortune

Economists want a carbon price comeback – but does Australia have the political courage?

Bold economic ideas are flowing ahead of this month’s roundtable convened by the Albanese government, aimed at boosting Australia’s productivity and economy, and repairing the budget. Among the biggest ideas to emerge is: should Australia resurrect its carbon price?

The Conversation

Wall Street's view of a 'Kevlar economy' has just been shattered, but red flags were lurking under the radar

"Something always goes wrong eventually — whether it’s a risk hiding in plain sight or something you couldn’t see coming."

Fortune

From analysis to the latest developments in health,
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Top economist warns the U.S. is 'on the precipice of recession' — and it will be hard for the Fed to come to the rescue

“Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall.”

Fortune

Six Months In, Trump Struggles To Sell His Economic Vision To Skeptical Americans

Six months into his second term, President Donald Trump‘s handling of the economy is under the microscope, and survey results indicate that voters are dissatisfied.

Benzinga

3 Side Gigs That Could Struggle in a High-Tariff Economy

Trump’s tariffs could hurt gig workers as rising import costs impact rideshare, delivery, resale, and more jobs -- experts suggest remote roles instead.

GOBankingRates

Despite Trump, the US economy remains surprisingly resilient. But for how long?

Thanks to stockpiling, neither the markets nor consumers have been as badly affected by the trade wars as feared. But signs of trouble are looming

The Guardian - UK

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“From Bloom To Doom”: Orlando Bloom Hilariously Trolls Katy Perry And Justin Trudeau Dating Rumors

"She’s a huge fan of Pirates Of The Caribbean, and he’s super into the German economy."

Bored Panda

The Federal Reserve's power: Congress giveth and Congress can taketh away

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

Fortune

Good, mad and ugly: the US economy’s performance under Trump – in charts

Despite president’s claims of an economic boom, picture is chaotic – resilient GDP growth but weak jobs figures

The Guardian - US

Top economist Brad DeLong to recent college grads: Don't blame AI for job struggles—blame the sputtering economy

"For the longer-run, the rise in the college wage premium is over, and a decline has (probably) begun," the Berkeley economist writes.

Fortune

Kevin O'Leary Defends Trump's Tariffs As Markets Shrug Off Hikes: 'I'm An Investor. I Don't Listen To All The Noise'

Investor and entrepreneur Kevin O'Leary backed Donald Trump's aggressive new tariffs, saying markets care about policy—not political noise—and that capital is still flowing into the U.S. economy.

Benzinga

Everyone’s watching Jerome Powell as warnings flash for the U.S. economy

“The July jobs report goes a long way toward providing the evidence of a weaker labor market that the Fed needs to justify cutting interest rates in the face of above-target inflation,” said Brian Rose at UBS Global Wealth Management.

Fortune

‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming

After a week-long stock rally, the new tariff announcements have made investors “a little bit more concerned” of ongoing unpredictability, Danny Moses said.

Fortune

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International Business Times UK

US Job Market Wobbles: Shock Figures Reveal Hiring Slump and Steep Revisions Spark Recession Fears

US economy added just 73,000 jobs in July 2025 with unemployment rising to 4.2%, while massive downward revisions slashed 258,000 jobs from May and June totals.

Roll Call

Trump orders firing of Biden-appointed BLS chief after negative jobs data - Roll Call

President Trump ordered the firing of the Bureau of Labor Statistics commissioner after her office released a trove of negative jobs data.

The Independent UK

Stocks rocked by tariffs and weak US jobs data

The FTSE 100 index closed down 64.23 points at 9,068.58.

Fortune

Six-figure salaries aren’t cutting it: Even high-earners are feeling the pinch right now and shopping at budget grocery stores

Workers making over $100,000 aren’t choosing to fly economy over first-class—they are cutting back on dining out, buying clothes, and even delaying getting married.

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International Business Times

Senegal PM Unveils Economic Recovery Plan Based On Domestic Resources

Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding.

International Business Times

US Job Growth Weaker Than Expected In July As Unemployment Rises

US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.

The Independent UK

Trump axes Labor Statistics chief after his poor jobs report: ‘I believe the numbers were phony ... so I fired her’

Erika McEntarfer was confirmed by the Republican-led Senate in an 86-to-8 vote in 2024

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

GOBankingRates

What Trump’s Income Tax Plan Means for the Economy and Your Wallet

While the idea of eliminating income taxes sounds appealing to a lot of people, here's what replacing those taxes with tariffs could mean for the economy and your wallet.

The Independent UK

The Latest: US trade partners around the world react to Trump's new tariffs

U.S. trade partners are reacting to President Donald Trump’s executive order that would introduce new tariffs on many of them in seven days

The Independent UK

Voices: Trump’s ‘Tariffmaggedon’ is back… and with a vengeance

COMMENT: As the US president revives his discredited tariffs policy – which appears to single out Canada for punishment – Sean O’Grady says pushing levies on foreign imports to their highest level since 1934 can only be a disaster for the entire world economy

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