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The Latest Breaking News from Economy

Reeves pledges to tackle productivity challenge at autumn budget

Labour’s second year in power will be focused on ‘building a stronger economy for a renewed Britain’, the Chancellor said.

Evening Standard

Texas economy, job growth slowing amid trade war and immigration crackdown, Dallas fed report says

Increasing tariffs on foreign goods and the impact of deportations on the work force cited as job growth slows in Texas.

The Texas Tribune

From childcare to aged care, here’s how to deliver safer, more affordable care for all Australians

Too often in discussions about productivity, the care economy only gets mentioned as the problem child putting a drag on growth. This week, the Productivity Commission is seeking to change that narrative with the release of its fifth and final report ahead of the government’s economic reform roundtable next week.

The Conversation

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The gap between higher- and lower-income households is widening as inequality progress since pandemic has ‘gone into reverse,’ BofA economist says

Coming out of the pandemic, Bank of America Institute’s David Tinsley tells Fortune, “there was a narrowing of wealth inequality, and now it’s widening.”

Fortune

Boosting productivity will be main priority of autumn budget, Reeves says

Exclusive: Chancellor focuses on investment and planning rules as she dismisses talk of tax rises as ‘speculation’

The Guardian - UK

In our first year Labour fixed the foundations – now we must build a stronger economy for a renewed Britain

Labour is reversing a decade of stagnation and we’re making progress on wages, jobs and trade. But there is more to do, says Rachel Reeves, chancellor of the exchequer

The Guardian - UK

Trump’s approval ratings drop with Republicans as he deals with Epstein fallout and tariff concerns

President’s approval rating with right-leaning Americans has dropped on issues including personal trust and the economy

The Independent UK

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2 Reasons Investors Are Worried About Amazon Stock — Should They Be?

There has been some turbulence over the last 52 weeks for Amazon's stock, and it has some investors concerned.

GOBankingRates

Howard Marks Slams Government For 'Choosing Winners And Losers' In Stock Market — Says Intervention Is 'Repealing The Laws Of Economics'

In a stark warning to investors, billionaire Howard Marks of Oaktree Capital argues that escalating government intervention in the economy is creating a stock picker’s market by deliberately creating winners and losers.

Benzinga

Peter Schiff Mocks Trump's 'Booming' Economy Claim As Fiscal Deficit Balloons To $291 Billion In July

The U.S. government’s fiscal deficit ballooned to $291 billion in July, a nearly 20% jump from the previous year, triggering sharp criticism from prominent economic and political commentators.

Benzinga

I Asked ChatGPT If I Need a Side Gig To Survive in This Economy

Life is expensive. So I turned to my artificially intelligent companion (ChatGPT) and asked real, hard questions about how to survive in this economy.

GOBankingRates

Get rich quick: Vietnam wants to become Asia's next 'tiger economy' - here's how

Vietnam wants to follow in the footsteps of Taiwan and South Korea, but focusing on one single industry is no longer viable to build a strong and resilient economy.

Euronews

Politics with Michelle Grattan: Jim Chalmers wants roundtable to ‘crack open’ the challenge of slow housing approvals

The Reserve Bank’s rate cut this week will help relieve many mortgage holders, but it wasn’t all positive news from the bank. It also underscored the serious productivity and economic growth challenges facing the Australian economy.

The Conversation

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Benzinga

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Radio France Internationale

Lagos summit weighs AI ambitions against Africa’s tech infrastructure gap

Nigeria is hosting one of Africa’s biggest tech gatherings on Tuesday, with debates ranging from Wolof-speaking chatbots to medical algorithms. The ambition is to harness artificial intelligence to transform economies – but patchy internet, unreliable electricity and low investment remain major obstacles.

Euronews

Warning signs in Europe's job market: Workers now brace for tariff effects

With tariff rates and their effects on the European economy swinging sharply over the past few months, Euronews Business looks at how this could affect employment across the continent.

The Independent UK

Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen.

Vietnam is launching its biggest economic overhaul in a generation, aiming to become Asia’s next “tiger economy.”

International Business Times

German Gas Drive Fuels Fears Of Climate Backsliding

Germany's conservative-led government has launched a drive to rapidly build more gas-fired power plants, fuelling fears about climate policy backsliding and sparking unease even within its own ranks.

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news in one place.

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The Guardian - AU

China’s crackdown on lavish civil servant perks will ‘harm’ the economy, experts warn

Updated regulations ban the country’s 40 million civil servants from lavish banquets, and restrict them from overseas travel for ‘personal leisure’

Fortune

Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Benzinga

Options Corner: How To Turn The Airbnb Post-Earnings Panic Into A First-Class Upgrade

One of the drawbacks of success is that investors want more. In many ways, online homestay marketplace Airbnb Inc (NASDAQ:ABNB) revolutionized the lodging industry. In a stable sector, the company successfully integrated its business model into the sharing economy. This groundbreaking strategy has eventually led to strong earnings performances. Unfortunately,…

Benzinga

Stocks Say No Recession: S&P 500 Earnings Crush Expectations

If you're convinced that record-high stock prices signal irrational valuations or that the U.S. economy is heading straight for a downturn, the latest corporate quarterly results might make you reconsider.

We Got This Covered

Trump threatens to sue the ‘loser’ he appointed for saving the economy from complete devastation

It's like Trump is trying to crash the economy on purpose.

Latin Times

Cuban Peso Drops To All-Time Low As Economic Crisis Shows No Sings Of Abating

The Cuban peso reached a new all-time low on Monday as a partial dollarization of the economy continues

Grocery Coupon Guide

What Happens When Your Favorite Brand Is Bought by a Hedge Fund?

It is a story that has become all too common in the modern economy. A beloved, established brand is acquired by a private equity firm or a hedge fund in a massive buyout. The new owners promise to “unlock value” and “create efficiencies.” For the loyal customers of that brand,…

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