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The Latest Breaking News from Economy

Budget 2025 ignores the looming succession crisis facing Canada’s family businesses

Like previous federal budgets, the recently released Budget 2025 fails to acknowledge a pressing generational shift for Canada’s economy: the succession crisis facing most Canadian family-owned businesses.

The Conversation

Trump's China Tariff U-Turn, Ray Dalio's 'Melt-Up' Warning And More: This Week In Economy

Another week has come and gone, and it’s time to catch up on the latest economic news. Here’s a quick overview of what happened over the week, from Trump’s China tariff reversal to Ray Dalio’s market warning.

Benzinga

It's not about inflation or the economy — the election instead delivered a 'wake-up call' on affordability politics, top pollster says

"But make no mistake, how much you pay at the cash register is going to determine who you vote for in these elections."

Fortune

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Washington's struggling economy takes another economic hit from the government shutdown

Washington's local economy has taken blows from a series of actions by the Trump administration, from the layoffs of federal workers to the ongoing law enforcement intervention with the National Guard

The Independent UK

Is Trump a Socialist?

Donald Trump’s new stock-buying strategy isn’t socialism, but it is a step toward a government-controlled economy.

Reason

EU naval force vessel reaches ship raided by Somali pirates, all 24 crew on board safe

Piracy off the Somali coast peaked in 2011, when 237 attacks were reported. Somali piracy in the region in 2011 cost the world’s economy €6 billion, with €138 million paid out in ransoms.

Euronews

Ray Dalio Warns That Things Aren't As Good As They Appear Despite New Highs In The Stock Market: 'You Can't Look At The U.S. As A Whole Nowadays'

Bridgewater Associates founder Ray Dalio is skeptical of the U.S. economy despite a soaring stock market and rising GDP, and his flaws point to future economic challenges if they are not addressed.

Benzinga

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Leftist and centrist Democrats won on Tuesday. So what’s the party’s lesson?

Zohran Mamdani, Abigail Spanberger and Mikie Sherrill focused their messages on the economy, but structural problems endure

The Guardian - US

Consumer Sentiment Tanks To 2022 Lows, But The Richest 3% Are Celebrating

The average American is growing more pessimistic about the economy, as a key sentiment index fell to its lowest level since June 2022, marking one of the bleakest readings since the survey’s inception in 1952. But there's a twist: wealthy Americans are actually feeling better than ever, buoyed by soaring…

Benzinga

God ‘Stress’ America: 76% are worried sick over state of the union as 2/3 of young adults look to flee, study reveals

Stress and anxiety over the future of the country are rife, with political divide and loneliness taking a toll on Americans, according to the research

The Independent UK

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the ‘K-shaped economy’

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges.

Fortune

Who gets SNAP benefits to buy groceries and what the government pays for the program – in 5 charts

The Supplemental Nutrition Assistance Program has helped low-income Americans buy groceries for decades with few disruptions.

The Conversation

Out-of-touch Trump talks up economy among sycophants and stars in Miami

President jets in to speak at ritzy American Business Forum as millions see their food aid slashed – crisis, what crisis?

The Guardian - US

AI Layoffs: US Market's Worst in 20 Years – Could the UK Be Next?

US tech layoffs hit a 20-year high, raising fears of a bubble bursting that could impact the UK economy. Experts warn of potential spillovers and market risks.

International Business Times UK

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GOBankingRates

I Asked ChatGPT What Will Happen To the Economy If the Fed Keeps Cutting Interest Rates: Here’s What It Said

While economic activity will rise, the move does come with some downsides, according to the AI, including exacerbating some of America's current fiscal woes.

The Independent UK

'No hire' job market leaves unemployed in limbo as threats to economy multiply

The unemployment rate is low and the economy is still growing, but those out of work face the slowest pace of hiring in more than a decade

Axios

The affordability crisis, once Biden's, is now Trump's

You can't convince Americans your economic policies are working if they're paying 20% more for a cup of coffee.

AAP

Tobacco tax cut 'no fix' to $4b smugglers' paradise

Public health experts are urging authorities not to get the jitters on tobacco taxes as the economic cost of Australia's black market trade explodes.

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The Independent UK

It’s the economy, stupid: Everyday costs become focus of winning campaigns and could hurt Trump in 2026

ANALYSIS: The Trump administration is trying to convince Americans that prices are dropping, but some goods are still more expensive than at any point in history, writes John Bowden

Clever Dude

10 Brutal Stats Showing How the Economy Is Crushing Middle America

Middle America has always been the backbone of the nation. Yet, over the past decade, mounting economic pressures have made it harder for many families to get ahead. Wages stagnate while costs soar. Debt piles up. The promise of a stable, comfortable life seems to slip further away for millions.…

The Guardian - UK

Southport reveals year of cultural events to entice tourists after attack

Town to become ‘elegantly eccentric’ to boost economy after horrific incident that left three young girls dead

Evening Standard

Interest rates: Why did the Bank stick to 4% and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

The Guardian - UK

Ignore the howls around pay-per-mile, chancellor. We can’t afford not to tax electric cars

The issue of how motoring taxes should change as we decarbonise the economy has been dodged for too long. Car salesmen need to get real

The Guardian - UK

Giving a review zero stars sets a dreadful precedent. But here are the one-star shockers I’d downgrade

A singularly horrendous TV show has crashed the star-rating review economy. But if zero stars is the new normal for critical rage, three films deserve the big 0

Reason

Socialism Didn't Work In Argentina. It Won't Work For America Either.

To understand this week's election, look to economic and political lessons from Argentina.

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