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The Latest Breaking News from Economy

Roughly half of U.S. states are effectively in a recession and ‘hanging on by their fingertips,’ Moody’s chief economist says

Moody’s chief economist, Mark Zandi, tells Fortune parts of America are already in recession, with 22 states contracting despite strong national GDP growth.

Fortune

Stocks Pressured by Higher Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.25%. December E-mini S&P futures (ESZ25 ) are down -0.08%, and December E-mini Nasdaq futures...

Barchart

Government plans to axe public notices ‘devastating’ for local news, editors say

Ministers are looking at removing the requirement for printed statutory notices as part of a wider drive to slash ‘red tape’ and boost the economy.

Evening Standard

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In 2025 so far, 40% of VC exit value stems from AI, according to PitchBook

PitchBook data says it’s all happening in AI.

Fortune

CEOs double down on AI as confidence in global economy slips, report

As the global outlook remains uncertain, business leaders are betting on AI and talent, while also making room in their budgets for cybersecurity and regulatory compliance.

Euronews

Trump's Tariffs Could Spark US Factory Boom, Says 'The Big Short' Investor Steve Eisman: 'It's A Big Positive' In The Long Run

Investor and podcast host Steve Eisman said that while the tariffs imposed by President Donald Trump could weigh on the economy in the near term, they could set the stage for a U.S. industrial resurgence.

Benzinga

Businesses in Scotland remain ‘pessimistic’ on economy, survey finds

Many companies also reported they had no preparations for net zero.

Evening Standard

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World Economy Not Doing As Badly As Feared, IMF Chief Says

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday.

International Business Times

Badenoch enjoys her first, and probably last, Tory conference leader’s speech

The audience cheered and clapped to convince themselves the whole thing hadn’t been a waste of time

The Guardian - UK

The Economy Doesn't Need Federal Jobs Data To Function

There are plenty of private alternatives to the employment report put out by the Bureau of Labor Statistics.

Reason

Germany projects a sliver of growth, betting on Merz’s €500bn overhaul

Despite a slightly improved growth projection, Merz’s coalition is banking on infrastructure spending and quicker investment approvals to revive momentum.

Euronews

IMF chief warns of economic uncertainty and offers this advice: 'Buckle up'

The global economy may be holding up better than expected despite major shocks such as President Donald Trump’s tariffs, but the head of the International Monetary Fund says that resilience may not last

The Independent UK

IMF chief warns ‘uncertainty is the new normal’ in global economy

Kristalina Georgieva outlines mounting risks to economic stability before fund’s annual meetings next week

The Guardian - UK

Germany Raises Growth Forecasts, But Warns Reforms Needed

Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government Wednesday said as it raised forecasts, but called for "decisive reforms" for a sustained recovery.

International Business Times

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The Mary Sue

Dr. Oz has a big idea to make America great again: Make elderly work till they drop

Trump’s Administrator of the Centers for Medicare Medicaid Services, Dr. Mehmet Oz, wants elderly boomers to work till they’re 65 because the economy surely needs their bodies more than they and their families do. Right?

Evening Standard

Warning UK ‘missing out on £69bn by failing to empower dyslexic people'

Sir Richard Branson and Soho House founder Nick Jones are among the entrepreneurs highlighting new research released to mark Global Dyslexia Awareness Day

The Independent UK

Germany revises 2025 growth forecast to 0.2%, rising to 1.3% next year

Germany’s new government is forecasting that Europe’s biggest economy will see minimal growth of 0.2% this year and accelerate next year to 1.3%

Evening Standard

Kemi Badenoch vows to abolish stamp duty as she delivers conference speech

The embattled Tory leader thanked party members for ‘standing by’ her amid dire poll ratings

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news in one place.

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Fortune

‘Big Short’ investor Steve Eisman warns the U.S. economy is a ‘tale of two cities’ that ‘is not even growing 50 basis points outside of AI’

Eisman said if you erase AI infrastructure spending from projected U.S. GDP growth for 2025, the economic picture exposes a struggling consumer.

Evening Standard

Watch: Chesney Hawkes serenades ex Tory MPs and party staff at Conservative conference — despite suggesting Labour allegiance

The singer made an appearance at the Conservative conference despite saying he ‘would be Labour’ earlier this year

Fortune

Inside the Trump team’s secret talks to rescue Argentina—with the help of the ‘Money Doctor’ who wants to stop the 'pink tide' sweeping Latin America

Johns Hopkins professor Steve Hanke is an expert on "dollarization" and has helped the Trump Administration run through the options for intervening in Argentina's economy.

The Guardian - UK

Badenoch unveils ‘golden rule’ to use half of spending cuts to reduce deficit

Conservative leader aims to rebuild party’s economic credibility after it was torched by her predecessors

Euronews

France's woes not yet ringing alarm bells across EU but worries keep rising

France is the EU's second-largest economy and concerns are growing that a prolonged deadlock could negatively impact the eurozone's economy.

AAP

RBNZ gives 'shock treatment' for lagging Kiwi economy

The NZ dollar has fallen after central bank cut rates to 2.5 per cent, with hopes it will revive the Kiwi economy and the government's political fortunes.

Benzinga

Trump Calls US-Canada Relationship 'Complicated' But Hints At Trade Breakthrough After Meeting Mark Carney: 'There's A Natural Conflict'

President Donald Trump suggested that progress could be made on trade talks with Canada, after meeting with Prime Minister Mark Carney, but stopped short of offering any concrete assurances as tariffs continue to weigh on the neighboring economy.

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