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The Latest Breaking News from Economy

4 Ways Amazon’s and Other Recent Layoffs Could Affect the Economy — and Your Wallet

GOBankingRates spoke with two financial experts to find out what could happen to the economy due to these recent layoffs.

GOBankingRates

OPINION - James Reed: 'The lack of jobs is part of a catastrophic and permanent change to the market'

At the beginning of this year, I saw something in the jobs market I’d never seen before in my 30-plus years in the recruitment business. The economy was growing, yet jobs vacancies were shrinking. This is not normal. Usually when the economy is growing, this goes hand in hand with…

Evening Standard

AI Bubble About To Burst? Expert Warns 40% Of US Growth Is Concentrated In Single Narrative: 'America Is Now One Big Bet On AI'

Investor and author Ruchir Sharma believes the decade-long era of “American exceptionalism” is peaking, warning that the U.S. economy has become dangerously reliant on a single technological narrative.

Benzinga

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Howard Lutnick Says Trump Could Deliver '6% GDP Growth,' Touts $3 Trillion A Year Investments: 'Factories Are Coming Home...'

Commerce Secretary Howard Lutnick said the U.S. economy is positioned for rapid expansion under President Donald Trump, citing a historic wave of manufacturing construction and tariff-driven capital investment that he argued will reshape the country's economic trajectory.

Benzinga

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

Evening Standard

China’s flying taxis struggle to take off

Chinese companies are rushing to deploy low-flying vehicles and drones for various uses

The Independent UK

Six-figure earners are 'living the illusion of affluence' while working side hustles, skipping meals and pretending Venmo's not working

“Many top earners say people assume they can afford it all, yet behind the image of success are quiet sacrifices: skipped purchases, delayed plans, and a fragile sense of security.”

Fortune

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22 States Are Facing Recession or Already in One — Is Your State at Risk?

Is your state economy in recession? A Moody’s analyst says 22 states are either in one or at high risk, and they represent a huge chunk of U.S. economic output.

GOBankingRates

Americans are feeling the pain of the affordability crisis: ‘There’s not any wiggle room’

The costs of groceries, housing, childcare, education and healthcare have become intolerable to many

The Guardian - US

Analyst who called the dot-com bubble says Americans are turning a deaf ear to AI warnings—and a worse meltdown than 2008 looms

“Generally, when you're gripped by a bubble, people just don’t want to listen because they’re making so much money,” warns Albert Edwards.

Fortune

Rachel Reeves promises to ‘grip the cost of living’ in autumn budget

Chancellor admits economy ‘feels stuck’ for many as she signals intention to freeze income tax thresholds

The Guardian - UK

Trump's Tariffs Hit Low-Income Households Hard, September Jobs Report Warning And More: This Week In Economy

The past week was filled with economic news, from a top economist’s warning about the impact of Trump’s tariffs to a senator’s critique of the “Trump economy.” Here’s a quick look at the top stories that made headlines.

Benzinga

Reeves’ Budget is crucial for the UK economy – here’s why

All eyes are on Wednesday’s Budget after the UK economy stalled in recent months

The Independent UK

Why is this Budget so important for the UK economy?

On Wednesday, the Chancellor will unveil her latest autumn Budget amid growing concerns over weakness in the economy.

Evening Standard

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Fortune

The exit economy is here. Black Women are paying the highest price

This isn’t a blip. It’s a structural crisis. And it's not a recovery, it's a redistribution of opportunity.

Benzinga

Elizabeth Warren Slams 'Trump Economy' As Data Shows Utility Bill Delinquencies Soar 32% Since 2022: 'Great For The Ultra-Rich, Bad For Everyone Else'

Sen. Elizabeth Warren (D-Mass.) criticized the Donald Trump administration on Friday, highlighting a surge in Americans falling behind on utility bills as evidence that the current economy favors the wealthy while leaving everyday families struggling.

The Conversation

I Deliver Parcels in Beijing by Hu Anyan: an unforgettable look at gig-economy hardship

From HBO drama Succession to Netflix reality show Selling Sunset, TV depictions of work tend to treat it as a vehicle for social betterment rather than a means to survival. The Chinese writer Hu Anyan’s arresting memoir, I Deliver Parcels in Beijing, just published in an English translation, provides an…

GOBankingRates

I’m a Financial Advisor: 5 Investing Tips To Combat a Frustrating Economy

Eric Kelley, chief investment officer at UMB Bank, cuts through the confusion to offer 5 tips to manage your investments when the economy is challenging.

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Clever Dude

Classic Cars Boom Again: Why Collectors Are Paying Record Prices in 2025

The classic car market has surged again in 2025, pulling longtime collectors and new buyers into a race that feels equal parts competition and nostalgia. Prices climbed over the past year, and some models now sell for amounts once reserved for rare art. The momentum shows no signs of slowing,…

The Guardian - UK

Labour MPs face a serious dilemma on asylum seekers – but this is not the way out of it

The party sees its harsh policies as politically necessary. But what happened to talking up the value of migrants for a thriving economy and society, asks Guardian columnist Polly Toynbee

International Business Times UK

Jeff Bezos Warns of a Market Crash in the Coming Months, Advises People Against Big-Ticket Purchases

Amazon founder Jeff Bezos urges consumers to delay large purchases and advises small businesses to pause capex and acquisitions amid growing fears of an imminent market crash.

International Business Times UK

Trump Voters Reveal Cost-Of-Living Struggles, Claim Crisis Has 'Only Gotten Worse'

Loyal Donald Trump voters in key swing states express regret as the cost-of-living crisis worsens. Discover why supporters feel 'let down' by the President's economic policies and how White House insiders are urging a pivot before the 2026 midterms.

The Guardian - UK

Europe’s economy is geared towards a disappearing world, says ECB’s Lagarde

Central bank chief warns that the bloc’s dependence on third countries for trade and security has left it vulnerable

Latin Times

Mexico Reports Historic Inflow of Foreign Investment Amid Slowing Domestic Economy

Mexico reported a record level of foreign direct investment in the third quarter despite uncertainty surrounding U.S. trade policy, according to preliminary government figures released this week.

GOBankingRates

Half of Shoppers Are Planning To Spend Less This Holiday Season: How Will That Affect the Economy and Your Wallet?

Here's how a leaner holiday season could shape the economy and your wallet in unexpected ways.

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