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The Latest Breaking News from Economy

SNAP cutoff could hurt Texas grocers and the rest of the economy, experts say

The ongoing government shutdown means more than $600 million per month won’t go to millions of Texas SNAP beneficiaries who pump that money into the state economy.

The Texas Tribune

The Guardian view on state failure: Britain’s crisis is not just one of investment, but also of upkeep

Editorial: Fixing prisons, hospitals and local councils means rejecting austerity’s logic and recognising that state spending builds competence, not waste

The Guardian - UK

Bank of America’s Top 5 Predictions That Are About To Shake Up the Economy

Bank of America reveals 5 bold predictions that could reshape the U.S. economy—from interest rates to market shifts. Here's what to watch for.

GOBankingRates

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read the most diverse news in one place.

The rise and fall of globalisation, part one: battle to be top dog

For nearly four centuries, the world economy has been on a path of ever-greater integration that even two world wars could not totally derail. This long march of globalisation was powered by rapidly increasing levels of international trade and investment, coupled with vast movements of people across national borders and…

The Conversation

Fed struggles to assess state of US economy as government shutdown shuts off key data

When it comes to setting monetary policy for the world’s largest economy, what data drives decision-making?

The Conversation

Japan’s new leader revives Abe’s economic vision – with a twist

Sanae Takaichi, a hardline conservative with nationalist views, was elected as Japan’s first ever female prime minister on October 21. Known as a protege of the assassinated former Japanese prime minister, Shinzo Abe, she is assertive on defence, hawkish on China and is keen to bolster Japan’s regional role.

The Conversation

Consumers Feel Like It's 2008 Again In DC As Shutdown Hits Wallets

A prolonged federal government shutdown is hitting Washington D.C.’s economy hard, with consumer spending now falling at rates not seen since the 2008 financial crisis, raising fears of deeper economic disruptions if the deadlock continues.

Benzinga

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Luxury tourism is a risky strategy for African economies – new study of Botswana, Mauritius, Rwanda

How successful is luxury tourism in Africa? What happens if it fails to produce higher tourism revenues: can it be reversed? And does it depend on what kind of government is in place?

The Conversation

OPINION - Labour's mansion tax plan is unfair, unworkable and will choke London's economy

Rumoured levy sends a clear message: success is something to be taxed, not celebrated

Evening Standard

Federal Reserve to cut key rate Wednesday, may signal another cut to follow

The Federal Reserve will almost certainly cut its key interest rate on Wednesday and could signal it expects another cut in December as the central bank seeks to bolster hiring

The Independent UK

How long can the Russian economy continue to fund the frontline?

The Russian economy is balancing on the edge of recession, yet the war could go on for years. Its financing appears to have no immediate major obstacles, according to experts.

Euronews

'Valve does not get anywhere near enough criticism': DayZ creator Dean Hall says the 'gambling mechanics' of Valve's monetization strategy 'have absolutely no place' in videogames

Are we all letting Valve off easy for its loot crate economy?

PC Gamer

UK tourist tax: Where will it be introduced and how much will it cost?

Local leaders will be able to introduce visitor levies, but accommodation owners are worried it could affect business

The Independent UK

Fuel economy standards rewrite poised to deal a blow to EVs - Roll Call

Coming rewrite of Corporate Average Fuel Economy standards is the latest blow to federal support for the EV market.

Roll Call

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Benzinga

Rate Cuts, Meltups, And Market Euphoria — Ed Yardeni Says It's 1999 All Over Again

The Fed is set to lower interest rates again this year, but according to Ed Yardeni, the economy doesn't need the help—and the result could be a stock market meltup reminiscent of the late 90s tech frenzy.

Benzinga

OpenAI Says $1 Trillion AI Buildout Could Lift GDP By 5%, Urges 100 GW Energy Push To Close 'Electron Gap' With China: Report

OpenAI reportedly projects that the U.S. economy could see substantial gains by 2030, provided the government invests heavily in AI infrastructure.

The Conversation

An Indigenous approach shows how changing the clocks for daylight saving time runs counter to human nature – and nature itself

It is that time again. Time to wonder: Why do we turn the clocks forward and backward twice a year? Academics, scientists, politicians, economists, employers, parents – and just about everyone else you will interact with this week – are likely debating a wide range of reasons for and against…

The Conversation

Trump’s ‘golden age’ economic message undercut by his desire for much lower interest rates – which typically signal a weak jobs market

President Donald Trump seems to want to have it both ways on the U.S. economy.

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news in one place.

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GOBankingRates

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

ChatGPT explained how Federal Reserve rate cuts could impact inflation, the U.S. dollar and your own wallet. Find out more about what it could mean now.

International Business Times UK

Hurricane Melissa Jamaica Updates: Tourism Shutdowns and Economic Fallout Loom as Category 4 Storm Nears Landfall

Hurricane Melissa nears Jamaica as a Category 4 storm, forcing airport closures and threatening the island's tourism industry and economy.

Fortune

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

Fortune

Ray Dalio says America is developing a ‘dependency’ on its top 1% of workers, while the bottom 60% are struggling and unproductive

“I think the issue is very much that you can’t look at the U.S. as a whole nowadays,” the Bridgewater Associates founder said at the Fortune Global Forum in Riyadh on Monday.

Benzinga

Scott Bessent Warns Military Pay At Risk By Mid November Amid Shutdown: 'What An Embarrassment'

Treasury Secretary Scott Bessent accused Democratic leaders of causing the ongoing government shutdown and condemned the Democratic-led boycott for harming both the economy and military personnel.

International Business Times UK

What Is Japan's New Yen-Pegged Stablecoin — And Why It Could Be The Future Of Money

Japan has launched the world's first yen-pegged stablecoin, marking a major step toward digital money backed by government bonds. Here's how this innovation could reshape Japan's economy and the global future of finance.

The Guardian - UK

Reeves to lead trade mission to Saudi Arabia amid human rights concerns

Ministers hope to secure a deal with the Gulf Cooperation Council that could add £1.6bn to the UK economy

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