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The Latest Breaking News from Economy

Fed’s Jerome Powell Just Painted a Grim Picture of the U.S. Economy After GDP ‘Slowed Notably’ and Job Growth Stalls: Here’s Why It’s Bullish

Federal Reserve Chair Jerome Powell used his annual Jackson Hole keynote speech to paint a picture of an economy facing policy-driven headwinds and rising uncertainty.

Barchart

African women have less access to the internet than men - solutions the G20 can champion

Across Africa, women have less access to the internet than men. In Ethiopia, Uganda, Rwanda and Tanzania only 15%-28% of women own smartphones. Tinuade Adekunbi Ojo is a feminist political economist and director of the Centre for the Study of Race, Gender and Class at the University of Johannesburg. She…

The Conversation

Drug dealers are plundering people’s homes into ‘trap houses,’ driving up homelessness and violence in Thunder Bay

Public concerns about fentanyl’s proliferation across Canada have focused on overdose deaths and drug-related disorders. However, in addition to these pressing concerns, our recent research in Thunder Bay, Ont., unmasks additional impacts of Canada’s street-based drug economy.

The Conversation

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‘This is so funny’: Gavin Newsom saw Ron DeSantis open his mouth and kindly filled it with facts until it stayed shut

This meatball just got cooked.

We Got This Covered

Texas universities could see fewer international students amid immigration crackdown, reports say

An enrollment drop could cost the Texas economy hundreds of millions of dollars, the reports say.

The Texas Tribune

‘Food, jobs, hope’: Mozambique seeks investment route to economic recovery

President Daniel Chapo launches $40m fund for small businesses at 60th annual Maputo International Trade Fair.

Al Jazeera

It’s time to unmask the Trump tariffs for what they really are: A giant national sales tax that will hobble growth

Trump is effectively putting more money in families’ pockets with one hand, and taking a big chunk of it back with the other.

Fortune

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Moody's Chief Economist Flags 22 States As Already In Recession Or At 'High Risk,' Says Only These 2 States Are 'Holding Their Own'

The U.S. economy is on the "edge of recession," and states accounting for nearly a third of national output are already in or at high risk, Moody's Analytics chief economist Mark Zandi said Sunday, citing fresh state-level readings of employment and output.

Benzinga

UK retail stocks tumble as Deutsche Bank cuts ratings, French market drops on political fears - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

One in five London late night bars and clubs have shut since 2020

Industry body warns of “night time deserts” unless the trend is reversed soon

Evening Standard

Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

The Guardian - US

We’re still not measuring our reliance on nature as we rush to boost productivity

Human economies are made possible through natural capital – stocks of land, fresh water, oceans, biodiversity and soils, among others. Farming isn’t possible without soil or water. Manufacturing isn’t possible without raw materials to convert into products. Service industries aren’t possible without reliable food.

The Conversation

What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

The Guardian - UK

Climate clash: coalition divide over targets laid bare

Divisions over how to tackle Australia's climate targets have continued to deepen within the coalition as its conservative members push for a rethink.

AAP

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Barchart

Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”

Benzinga

The Home Depot's Billionaire Co-Founder Blamed 'Socialism' for Making Americans 'Too Lazy, Too Fat, Too Stupid' to Work — 'Nobody Gives A Damn'

As co-founder of The Home Depot, Bernie Marcus helped build the world's largest home improvement retailer from scratch. But in one of his final interviews before his death last November, Marcus made it clear he didn't think that kind of success could happen again—not in today's economy.

GOBankingRates

A Flight Attendant Reveals: These Are the Travel Money Mistakes Passengers Make Every Day

Flight attendant Sarah M. has seen it all. But if there's one thing that still surprises her, it's how often passengers make the same costly travel mistakes.

Benzinga

Bill Miller's MSTR Bitcoin Bet Soars 40% As His Fund Piles Into Housing, Energy And Autos In Bold Q2 Moves

Miller Value Partners is making aggressive new bets on the core of the U.S. economy, significantly increasing its stakes in housing, energy, and auto parts, according to its second-quarter 13F filing for 2025.

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The National (Scotland)

Immigration becoming growing concern among Scots, poll suggests

IMMIGRATION is becoming a growing concern among Scots, a poll has suggested.

Fortune

A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns

“Southern states are generally the strongest, but their growth is slowing.”

Benzinga

Kevin O'Leary Says If You Are Waiting For Mortgages To Fall Below 5%, You Can Keep On Dreaming Thanks To AI

"Shark Tank" investor Kevin O'Leary says U.S. mortgage rates are unlikely to fall back below 5% anytime soon, arguing that America's strong economy and AI-fueled productivity growth mean the era of ultra-low borrowing costs is over.

The Independent UK

Weight-loss drugs are a quick fix with long-term results

THE INDEPENDENT VIEW: Editorial: For those able to take them, weight-loss drugs can offer startling results in improved quality of life, and in relieving the pressure on the NHS and the British economy

Benzinga

Caller Says His Employees Are Unhappy With Their Raises. Dave Ramsey Responds, 'A 2% Raise In A 9% Inflation Economy Is Insulting'

Blake from Lincoln, Nebraska, recently called into Dave Ramsey‘s “EntreLeadership” podcast with a problem many managers face: employees who are frustrated with their raises.

The Free Financial Advisor

Are Automated Payout Systems Losing Your Money?

Automated payout systems have become the backbone of online payments, gig economy platforms, and even investment apps. They promise convenience, speed, and fewer errors. But as these systems take over more financial tasks, many people wonder: Are automated payout systems losing your money? With accounts linked and transactions running in…

GOBankingRates

6 Crossovers To Avoid Purchasing This Year

If you're planning on buying a crossover this year, you'll want to do plenty of research and test driving if you're considering one of these models.

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