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The Latest Breaking News from Economy

Fed Governor Michael Barr Says 'AI Is A Big Deal' That Could 'Transform Economies' And Affect Monetary Policy

Federal Reserve Governor Michael Barr discussed two potential scenarios of the AI revolution and its impact on the economy.

Benzinga

"A pivotal moment for the UK music industry": UK music generated a record £8bn for the economy in 2024, but challenges from AI and Brexit remain

2024 saw tours from the likes of Taylor Swift and big releases like Charli XCX's Brat

MusicRadar

Visa Launches Stablecoin Payouts For The Gig Economy As Traders Eye $343

Visa Inc. (NYSE:V) is shaking up digital payments with a new pilot program that lets creators, freelancers, and gig workers receive instant USDC stablecoin payouts through Visa Direct.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

The best used hybrid SUVs you can buy for less than $25,000

Car shoppers love SUVs because of their commanding view of the road, generous amounts of passenger space, and roomy cargo holds

The Independent UK

Hopes for a December rate cut are fading fast despite labor fears—Jerome Powell will have his work cut out attempting to unite the Fed

Weaker labor market data should be building the case for Powell to post a cut—and yet expectations are leaning toward the hawkish.

Fortune

UK Music Contributes £8 Billion to GDP and Creates 220,000 Jobs in 2024

The UK music industry contributed £8 billion to the economy in 2024, supporting 220,000 jobs. Despite strong figures, challenges threaten future growth.

International Business Times UK

How CEOs are navigating the global economy's 'frog-boiling' conditions

Also: All the news and watercooler chat from Fortune.

Fortune

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Google bets €5.5 billion on Germany’s AI future

The tech giant is making its biggest European investment yet and ensuring it dominates AI-related technologies in the continent's biggest economy.

Euronews

Wednesday briefing: Why young people are bearing the brunt of the unemployment crisis

In today’s newsletter: Almost 1.8 million people in the UK class themselves as unemployed, and it’s the youth who are driving it. What can be done to help, and will things get better (or worse)?

The Guardian - UK

Food delivery service set to cease after Menulog off

It once thrived under a "Did Somebody Say" campaign but the celebrity driven catch-cry hasn't saved food delivery service Menulog from closure.

AAP

Ukraine war briefing: Top banker’s straight talk to Putin over troubled economy

Sberbank head German Gref gives unusually frank assessment; Zaporizhzhia situation has ‘significantly worsened’, says Syrskyi. What we know on day 1,358

The Guardian - AU

British music industry adds record £8bn to UK economy, according to UK Music

Taylor Swift’s Eras tour among the big events driving spending, as British artists perform well overseas and job numbers rise

The Guardian - UK

‘Part of the joy economy’: bumper year for UK toys as Wicked dolls and Pokémon appeal to ‘kidults’

Some of this year’s Christmas must-haves also expected to appeal to older generations

The Guardian - UK

5 Economic Shifts To Expect Before 2025 Ends, According to Jaspreet Singh

Learn how they might affect Americans and the global economy.

GOBankingRates

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The Mary Sue

‘Gaslight us into extinction’: Trump shamelessly dismisses the affordability crisis and claims ‘we’ve the greatest economy we’ve ever had’

As prices keep climbing and sentiment keeps sinking, Donald Trump rewrote reality in his latest Fox interview. The grocery aisles say one thing about the economy, but his teleprompter says another. Guess who he thinks is correct?

Fortune

Trump calls his 50-year mortgage idea 'not even a big deal' while insisting 'the economy is the strongest it's ever been'

"It might help a little bit," Trump said of the 50-year mortgage plan, which has no details attached yet. His housing director called it a "game-changer."

The Conversation

Bad wealth made good: how to tackle Britain’s twin faultlines of low growth and rising inequality

In the run-up to the 2024 election, future prime minister Keir Starmer labelled wealth creation Labour’s number one mission. “It’s the only way our country can go forward,” he declared. “We should nourish and encourage that – not just individuals but businesses.”

The Independent UK

Trump reveals he has no idea how to pay the $10K he promised air traffic controllers who kept working through the shutdown

‘I always get the money from someplace regardless, it doesn’t matter,’ president tells Fox News host Laura Ingraham in latest interview as he dismisses public’s concerns about the economy

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news in one place.

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Fortune

CEOs regain some confidence—but still keep a cautious hand on the wheel amid tariffs

The latest Fortune and Deloitte survey of CEOs shows optimism returning, though geopolitical risks remain a concern.

GOBankingRates

6 Mistakes Boomers Are Making With Their Money in the Trump Economy

As economic uncertainty grows months into President Trump's second term, many baby boomers are making money moves that could jeopardize their retirement.

We Got This Covered

‘We have the greatest economy we’ve ever had’: Pollyanna Donald Trump delusional about economy, dubs consumer misery ‘fake’

Trump insists the economy is doing great. You must be imagining that it's bad.

GOBankingRates

I Asked ChatGPT What Would Happen If the Government Shutdown Lasted Until 2026: Here’s What It Said

A long federal shutdown could impact everything from GDP and stocks to unemployment and consumer spending. See ChatGPT’s projections and expert warnings.

Barchart

Stock Index Futures Slip on AI Caution

December S&P 500 E-Mini futures (ESZ25) are down -0.22%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.39% this morning, pointing to a lower open on Wall Street after yesterday’s rally amid renewed concerns over the valuations of some of the biggest beneficiaries of the AI boom.

International Business Times

Fed Poised To Hold Interest Rates Steady As Economic Pressures Ease

Policymakers cut rates twice earlier in 2025 to cushion the economy from fiscal gridlock and slowing growth. With the shutdown resolved and key indicators improving, officials are likely to hold rates steady when they meet in December.

The Guardian - UK

Rising unemployment could affect budget, interest rates, pay and more

Rachel Reeves will need to avoid depressing economy and hitting jobs while raising billions in extra tax

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