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The Latest Breaking News from Economy

Asian shares mostly advance after Wall Street cruises to more records

Asian shares are mostly higher after Wall Street rose to records following better-than-expected updates on the economy and a mixed set of profit reports from big U.S. companies

The Independent UK

China Mulls Economy-boosting Measures To Counter 'Severe Situation'

China is prepared to take measures and has a "plentiful" toolbox to avoid an economic slump in the second half of the year, its commerce minister said Friday as he admitted it faced a "very severe and complex situation".

International Business Times

Ukraine appoints new prime minister in major government reshuffle

Incoming Prime Minister Yulia Svyrydenko says she will focus on weapons production and the economy in her new role.

Al Jazeera

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Japan's SMEs Ready To Adapt To Trump Tariffs

Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan's economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump.

International Business Times

Brazil's Lula Calls Trump's Tariff Threat 'Unacceptable Blackmail'

Brazilian President Luiz Inacio Lula da Silva on Thursday slammed Donald Trump's threat to impose 50 percent tariffs on Latin America's largest economy as "unacceptable blackmail."

International Business Times

Only a quarter of Americans say Trump’s policies have helped them, new poll finds

A majority of Americans believe Trump has fallen short on key issues such as the economy and immigration

The Independent UK

S&P 500 and Nasdaq 100 Rally to Record Highs on a Resilient US Economy

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.52%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.74%. September E-mini S&P futures (ESU25 ) rose +0.59%, and September E-mini Nasdaq futures (NQU25...

Barchart

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The Feds Just Let Carmakers Off The Hook For Years Of Fuel Economy Fines

With past fines forgiven and the penalty for future infractions set at $0, the CAFE standards are effectively dead.

InsideEVs

Solid US Economic News Lifts the Dollar

The dollar index (DXY00 ) on Thursday rose by +0.29% and posted a 3.5-week high. Signs of strength in the US economy may keep the Fed from cutting interest rates and are supportive of the dollar. Weekly initial unemployment claims unexpectedly fell to a 3-month low, June retail sales rose...

Barchart

Wall Street's Big 7 Are Now Bigger Than China's Entire Economy

The combined market capitalization of America's seven largest corporations has now overtaken the entire economic output of China, the world's second-largest economy.

Benzinga

PM confident of Australian jobs boost after China visit

The prime minister has wrapped up an almost week-long visit to China but the opposition is still calling for ties with allies like the US to be prioritised.

AAP

Dollar Climbs on Signs the US Economy Is Holding Up

The dollar index (DXY00 ) today is up +0.35% at a 3.5-week high. Signs of strength in the US economy may keep the Fed from cutting interest rates and are supportive of the dollar. Weekly initial unemployment claims unexpectedly fell to a 3-month low, June retail sales rose more than...

Barchart

Ukraine's New PM: A Deal-maker As Head Of Wartime Government

Yulia Svyrydenko, Ukraine's new prime minister, represents a generation of young Ukrainian politicians who have steered their country through the turmoil of war.

International Business Times

Retail sales up a surprising 0.6% in June after a May pullback by consumers

After an earlier pullback, consumers picked up their spending in June showing resilience despite anxiety high over tariffs and the U.S. economy

The Independent UK

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Benzinga

Johnson & Johnson, Intercontinental Exchange And Bitcoin ETF On CNBC's 'Final Trades'

As the global economy navigates a post-pandemic world, investors are keenly observing evolving market dynamics, including shifts in consumer behavior and technological advancements.

The Independent UK

Jess Phillips agrees the economy ‘isn’t going well’ and it will take time before people feel ‘less skint’

The Home Office minister said the latest rise in unemployment figures were ‘disappointing’

Dot Esports

CS2 skin collectors can finally breathe a sigh of relief thanks to new Steam feature

Skins economy is finally under protection.

Euronews

Trump considered firing Fed Chair but said he is 'highly unlikely' to do so

President Donald Trump rocked Wall Street temporarily by saying he had “talked about the concept of firing” the head of the Federal Reserve, but was unlikely to do so, ”unless he has to leave for fraud”.

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news in one place.

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Euronews

Japan is facing slowing exports and trade deficit amid threat from Trump's tariffs

Fears of a recession are mounting in the world's fourth-largest economy, after export to the US declined for the second month in a row in June.

Euronews

Retaliatory tariffs: Which EU countries could be impacted the most?

Ireland, Germany and the Netherlands are three of the most exposed countries should the EU decide to impose countermeasures on US imports — following Washington’s threat to charge 30% on EU goods.

Benzinga

Nvidia Reloads China — Jensen's Pitch: Let Me Sell The Good Stuff

As tensions linger between the U.S. and China, NVIDIA Corp. (NASDAQ:NVDA) is attempting to regain its foothold in the world's second-largest economy by pushing to deliver more advanced AI chips.

Latin Times

Trump Says Cartels Have 'Very Strong Control Over Mexico': 'Can't Let That Happen'

President Donald Trump said cartels have "very strong control over Mexico" and its authorities

Benzinga

Can Treasuries Pay You Like Stocks? Global X Thinks So With The New TLTX ETF

In an economy where investors seek income but are wary of interest rate risk, Global X‘s newest ETF is betting that Treasuries can deliver both.

The Guardian - UK

The Guardian view on Reeves’s trickle-down economics: deregulation dressed as economic renewal

Editorial: The ‘Leeds reforms’ revive a finance-first growth model – repackaging a failed economics as strategy, while sidelining real investment and wages

AAP

Jobless rate nears four-year high, firms rethink plans

Australia's unemployment rate has bucked expectations and risen as economic headwinds take their toll on employers.

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