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The Latest Breaking News from Economy

Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

The Independent UK

UK government borrowing costs fall as Reeves hints at tax rises – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Reeves eyes tax hikes as economy suffers ‘severe and long-lasting’ Brexit impact

Rachel Reeves said ‘austerity, Brexit, and the ongoing impact of Liz Truss’s mini-budget’ had weighed heavily on the UK economy.

Evening Standard

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China Consumer Spending Falls As Pressure On Economy Builds

China's consumer prices continued to fall last month, with official data highlighting the battle leaders face in trying to kickstart domestic spending in the world's number two economy while fighting a trade war with the United States.

International Business Times

Asian shares swing higher after a wobbly day on Wall Street

Shares have swung higher in Asia as hopes for a U.S. interest rate cut helped to offset worries over simmering trade tensions between Washington and Beijing

The Independent UK

Trade Jitters Weigh on Stocks

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.44%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.69%. December E-mini S&P futures (ESZ25 ) fell -0.20%, and December E-mini Nasdaq futures...

Barchart

Rocket Lab Ignites Space ETF Rally As Investors Seek The Next SpaceX

Rocket Lab Corp (NASDAQ:RKLB) has rekindled investor attention on the space economy following a solid endorsement from Morgan Stanley, which upped its price target on the stock to $68 from $20, a 240% increase, and compared the company to an “earlier-stage alternative to SpaceX.”

Benzinga

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Dollar Declines on Dovish Powell

The dollar index (DXY00 ) on Tuesday fell by -0.24%. The dollar gave up its overnight advance and turned lower after ECB President Lagarde’s upbeat comments pushed the euro higher and weighed on the dollar. The ongoing shutdown of the US government is bearish for the dollar. The longer the...

Barchart

GM Is Selling More EVs Than Ever. Here's Why It's Out $1.6 Billion

Here's why General Motors announced a $1.6 billion adjustment, even after selling a record number of electric vehicles in Q3 2025.

InsideEVs

The Guardian view on the IMF’s warning: Britain’s economy runs hot for profits, cold for pay

Editorial: Labour is misreading the economics – leaving it unable to deal with the G7’s worst inflation and flat living standard

The Guardian - UK

Best Buy’s CEO says growing spending power gap between affluent and poor ‘keeps me up at night’

A growing reliance on wealthy shoppers is a long-term threat to the economy, the CEO says.

Fortune

US Fed Chair Flags Concern About Sharp Slowdown In Job Creation

US Federal Reserve Chair Jerome Powell warned Tuesday that risks to employment had risen in recent months, noting there had been a sharp slowdown of job creation in the world's leading economy.

International Business Times

The government cannot afford to limp on without an economic strategy

THE INDEPENDENT VIEW: Editorial: As the IMF downgrades its UK growth projection for next year, it also predicts we will have the highest inflation of any G7 country. Ahead of a Budget that will doubtless raise taxes, it is time the prime minister made the case for what his administration…

The Independent UK

The global economy is still on a path to slower growth, IMF says

The IMF projects the global economy will grow by 3.2% this year and 3.1% in 2026.

Axios

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The Independent UK

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy

International Business Times

US Treasury Chief Accuses China Of Wanting To Hurt World Economy

US Treasury Secretary Scott Bessent slammed Beijing in an interview this week, accusing it of seeking to harm the global economy after China slapped sweeping new export controls in the strategic field of rare earths.

Barchart

Why Plunging Oil Prices Could Be the ‘Canary in the Coal Mine’ for a Recession

Senior Market Strategist John Rowland discusses leading indicators to watch for the economy as markets undergo a period of volatility.

Barchart

Stocks Turn Mixed as Walmart-OpenAI Deal Pushes Dow Higher

The S&P 500 Index ($SPX ) (SPY ) today is up 0.09%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up 0.54%, and the Nasdaq-100 Index ($IUXX ) (QQQ ) is down -0.25%. December E-mini S&P futures (ESZ25 ) are up 0.06%, and December E-mini Nasdaq futures (NQZ25...

Get all your
news in one place.

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Barchart

Dollar Sips as Euro Recovers on Lagarde Comments

The dollar index (DXY00 ) today is down by -0.02%. The dollar gave up an overnight advance and turned lower after upbeat comments from ECB President Lagarde pushed the euro higher and weighed on the dollar. The ongoing shutdown of the US government is bearish for the dollar. The longer...

Benzinga

Wells Fargo Q3 Credit Performance Improves, CEO Calls US Economy Resilient

Wells Fargo Company (NYSE:WFC) reported a net interest income of $11.95 billion on Tuesday, up 2% year over year in the third quarter of 2025.

The Independent UK

‘Rising’ risk UK economy will fall into negative growth, says Bank’s Taylor

The rate-setter said he thinks the likelihood of a ‘soft landing’ following the recent uptick in inflation is now receding.

International Business Times

Europe's Economic Integration 'Insufficient': IMF Chief Economist

The EU's attempts to integrate the economies of its 27 member states have been insufficient to boost lackluster growth, the IMF's chief economist said in an interview.

International Business Times

IMF Raises 2025 Global Growth Forecast On 'Modest' US Trade Shock

The International Monetary Fund on Tuesday lifted its outlook for global growth this year, flagging a milder-than-expected economic hit from President Donald Trump's tariff policies while warning of risks ahead.

Fortune

JPMorgan beats expectations with strong earnings as Jamie Dimon says the U.S. economy ‘generally remained resilient’

“Each line of business performed well,” CEO Jamie Dimon wrote in the earnings release.

The Guardian - UK

Academic axed from Labour conference panel for criticising energy policy

Sustainability expert was told panellists discussing North Sea oil and gas were meant to ‘agree entirely’ with each other

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