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The Latest Breaking News from Economy

Trump threatens legal action against Powell over Fed HQ, demands immediate rate cuts as inflation holds steady

Trump returned to his sharp critiques of the Fed chair, saying: “Jerome ‘Too Late’ Powell must NOW lower the rate” after the inflation report came in a bit cooler than expected.

Fortune

US Consumer Inflation Holds Steady But Tariff Worries Persist

Consumer inflation in the United States held steady in July, data showed Tuesday, but underlying price increases picked up as President Donald Trump's sweeping tariffs ripple through the world's biggest economy.

International Business Times

21-Year-Old Asks Economists 'Did Boomers Ruin The Economy?' — Or Is His Mom Right, Young People Are Poor Because They Don't Want to Work a 9-to-5

Every generation gets a label, a reputation, and—if they're lucky—a catchy insult. Millennials were accused of "killing" everything from department stores to mayonnaise. Gen X got called slackers. And boomers? Well, lately they've been cast as the villains of the modern economy.

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

4 Recession-Proof Money Habits for 2025 and Beyond

Want to stay financially strong in any economy? These recession-proof money habits for 2025 and beyond can help you save, invest and thrive.

GOBankingRates

July Inflation Brings A Mixed Bag As Tariff Impact Remains Muted

Inflation data for July delivered a split message for markets — headline price growth cooled, but underlying inflation came in hotter than expected, suggesting President Donald Trump's tariff wave has yet to create a broad price shock in the economy.

Benzinga

Reeves concedes Government has ‘more to do’ as unemployment at four-year high

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

Evening Standard

Amazon and eBay must report electronics sold in UK under new recycling rules

Foreign companies selling electronics to British shoppers via online platforms like Amazon and eBay will have to start contributing to e-waste costs.

The Independent UK

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OPINION - This secret 'tax' is putting tourists off spending their money in the UK

Walk down any of London’s shopping streets today and you’ll notice something missing – not the designer shops or beautiful window displays, but the international tourists. The visitors who once spent freely in our stores, stayed in our hotels, dined in our restaurants and enriched the whole economy are no…

Evening Standard

Risks of climate crisis to Australia’s economy and environment are ‘intense and scary’, unreleased government report says

Sources say delayed risk assessment includes modelling of effects of climate crisis in ways that have been little discussed in political debate so far

The Guardian - AU

OPINION - Our wasteful culture has led us to Wet Wipe Island - it needs to change

Authorities are resorting to desperate measures to remove Wet Wipe Island near Hammersmith Bridge. It’s fallen to the Port of London Authority, which once ran London’s docks, to remove the equivalent of 15 double decker buses of waste from the Thames.

Evening Standard

Xi Jinping Is 'Difficult To Deal' With, Says Scott Bessent, Calls China Most 'Imbalanced Economy' In Modern History (CORRECTED)

Editor’s Note: The story has been updated to reflect the correct Toyota Motors ticker.

Benzinga

Australia’s interest rate obsession is stopping us having an important discussion about our economic future

Rates alone are not the potential saviour, or otherwise, of our economy. For many, that saviour is productivity

The Guardian - AU

The RBA has cut rates for the third time this year. More relief may be on the way

The Reserve Bank of Australia lowered the official interest rate by 25 basis points to 3.60% at its meeting today, marking the third cut this year. The move follows reductions in February and May, and comes after a pause in July that surprised analysts and upset mortgage holders.

The Conversation

Top 20% Drive America's Economy While 80% Grapple Inflation — Here's Why This Spells Trouble

America's consumer engine is leaning harder than ever on the rich, with new Moody's data showing the top 20% of earners now account for more than half of all spending while outlays by middle- and lower-income households flatline.

Benzinga

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Fortune

America’s massive ‘money illusion’ is setting the S&P 500 up for a correction as stagflation takes hold, top analysts say

With the American consumer running out of breath amid an economic slowdown in the second half of 2025, Stifel sees a selloff of 10% or more in the S&P 500.

GOBankingRates

4 Reasons a Recession Isn’t 100% Confirmed

A recession isn’t guaranteed—here are 4 key reasons why experts say the economy may avoid a downturn despite warning signs.

GOBankingRates

We Asked ChatGPT Which Side Gigs Are Actually Losing You Money — Here’s What It Said

The gig economy promises easy money and flexible work, but not all side hustles are good. ChatGPT identifies which side gigs consistently lose people money.

Benzinga

S&P 500 Or Just Mag 7: Here's Why Mega Cap Stocks Keep Rising Despite All Odds

The stock market’s resilience in recent years, particularly the SP 500’s historic run, has perplexed many, with some experts now suggesting that the index’s performance is driven by a handful of mega-cap companies rather than the broader economy.

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news in one place.

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Pedestrian.tv

Rewatching Confessions Of A Shopaholic During A Cost Of Living Crisis Hits Different

How would the girl in the green scarf fare in today’s economy?

Benzinga

Elizabeth Warren Says Current Crypto Regulation 'Supercharges' Trump's 'Corruption' And Puts 'Economy At Risk'

Sen. Elizabeth Warren (D-Mass.) reiterated the necessity for strong cryptocurrency regulation Sunday, criticizing the current method as a corporate giveaway that “supercharges” President Donald Trump’s corruption.

The Independent UK

Blow for Reeves as company hiring plans ‘at record low’ in wake of national insurance hike

Labour chancellor has warned the public that the change they voted for in last summer’s election was ‘never going to happen overnight’

Caixin Global

Cover Story: Trump’s Tariff-by-Tweet Tactics Are Pushing Global Trade Into Perpetual Uncertainty

The U.S. president’s ‘cartoon version of protectionism’ sees trade deals riddled with vague or conflicting terms

Fortune

More than half of industries are already shedding workers, a 'telling' sign that's accompanied past recessions, top economist says

“Things could still turn around if the economic policies weighing on the economy soon lift. But that looks increasingly unlikely.”

Al Jazeera

Jordan to host meeting with Syria, US on Syrian reconstruction

President Ahmed al-Sharaa’s new government is trying to attract foreign investment as Syria’s economy lies in ruins.

The Independent UK

Embattled Rachel Reeves urges public to be patient with Labour on rescuing economy

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

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