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The Latest Breaking News from Economy

The Federal Reserve's power: Congress giveth and Congress can taketh away

"Don't forget, our Federal Reserve is not at all a part of our Constitution. It's a creature of the U.S. Congress, created by the Federal Reserve Act 1913."

Fortune

Good, mad and ugly: the US economy’s performance under Trump – in charts

Despite president’s claims of an economic boom, picture is chaotic – resilient GDP growth but weak jobs figures

The Guardian - US

Top economist Brad DeLong to recent college grads: Don't blame AI for job struggles—blame the sputtering economy

"For the longer-run, the rise in the college wage premium is over, and a decline has (probably) begun," the Berkeley economist writes.

Fortune

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Kevin O'Leary Defends Trump's Tariffs As Markets Shrug Off Hikes: 'I'm An Investor. I Don't Listen To All The Noise'

Investor and entrepreneur Kevin O'Leary backed Donald Trump's aggressive new tariffs, saying markets care about policy—not political noise—and that capital is still flowing into the U.S. economy.

Benzinga

Everyone’s watching Jerome Powell as warnings flash for the U.S. economy

“The July jobs report goes a long way toward providing the evidence of a weaker labor market that the Fed needs to justify cutting interest rates in the face of above-target inflation,” said Brian Rose at UBS Global Wealth Management.

Fortune

‘The Big Short’ investor warns despite economy’s stronghold against ‘thoughtless,’ ‘unprecedented’ tariffs so far, stagflation is coming

After a week-long stock rally, the new tariff announcements have made investors “a little bit more concerned” of ongoing unpredictability, Danny Moses said.

Fortune

US Job Market Wobbles: Shock Figures Reveal Hiring Slump and Steep Revisions Spark Recession Fears

US economy added just 73,000 jobs in July 2025 with unemployment rising to 4.2%, while massive downward revisions slashed 258,000 jobs from May and June totals.

International Business Times UK

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Trump orders firing of Biden-appointed BLS chief after negative jobs data - Roll Call

President Trump ordered the firing of the Bureau of Labor Statistics commissioner after her office released a trove of negative jobs data.

Roll Call

Stocks rocked by tariffs and weak US jobs data

The FTSE 100 index closed down 64.23 points at 9,068.58.

The Independent UK

Six-figure salaries aren’t cutting it: Even high-earners are feeling the pinch right now and shopping at budget grocery stores

Workers making over $100,000 aren’t choosing to fly economy over first-class—they are cutting back on dining out, buying clothes, and even delaying getting married.

Fortune

Senegal PM Unveils Economic Recovery Plan Based On Domestic Resources

Senegal's prime minster unveiled an economic recovery plan for the highly indebted nation on Friday, focused on reviving its economy with a shift towards greater domestic funding.

International Business Times

US Job Growth Weaker Than Expected In July As Unemployment Rises

US job growth missed expectations in July, government data showed Friday, while revisions to hiring figures in recent months brought them to the weakest levels since the Covid-19 pandemic.

International Business Times

Trump axes Labor Statistics chief after his poor jobs report: ‘I believe the numbers were phony ... so I fired her’

Erika McEntarfer was confirmed by the Republican-led Senate in an 86-to-8 vote in 2024

The Independent UK

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

Newslaundry

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GOBankingRates

What Trump’s Income Tax Plan Means for the Economy and Your Wallet

While the idea of eliminating income taxes sounds appealing to a lot of people, here's what replacing those taxes with tariffs could mean for the economy and your wallet.

The Independent UK

The Latest: US trade partners around the world react to Trump's new tariffs

U.S. trade partners are reacting to President Donald Trump’s executive order that would introduce new tariffs on many of them in seven days

The Independent UK

Voices: Trump’s ‘Tariffmaggedon’ is back… and with a vengeance

COMMENT: As the US president revives his discredited tariffs policy – which appears to single out Canada for punishment – Sean O’Grady says pushing levies on foreign imports to their highest level since 1934 can only be a disaster for the entire world economy

The Texas Tribune

Some rural Texans see THC as a lifeline for their health and economy

As lawmakers continue to debate banning hemp-derived THC, some rural Texans say it helps ease addiction, health concerns and economic woes that hit their communities the hardest.

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inkl

So You Thought the Global Economy Was Settling Down? Think Again

You know that feeling when you finally get your living room arranged just right, and then someone decides to move the couch, swap the rug, and maybe toss a grenade in for good measure?

Euronews

Euronext launches offer for the Greek stock exchange: Here's what it means

Euronext has offered to buy the Athens Stock Exchange. Here's what it means for Greek businesses and how it will help the Greek economy.

The National (Scotland)

Chancellor Rachel Reeves visits Scotland to promote defence and energy plans

Rachel Reeves is set to visit the north east on Friday, saying that the UK Government is investing billions to grow the economy and support jobs in…

The Independent UK

Economy likely created 115,000 jobs in July as labor market loses momentum

The American job market is deteriorating -- ever so slowly

International Business Times

Trump Unveils Slew Of New Tariffs, Punishes Canada

President Donald Trump unveiled new tariffs Thursday on nearly 70 countries -- including a blistering 35 percent on neighbor Canada -- as he seeks to reshape global trade to benefit the US economy.

International Business Times

Trump Orders Tariffs On Dozens Of Countries In Push To Reshape Global Trade

President Donald Trump ordered the reimposition of tariffs on dozens of trading partners Thursday -- his cornerstone strategy for reshaping global trade to benefit the US economy.

The Independent UK

We’re backing Scotland with billions in investment, says Reeves ahead of visit

The Chancellor vowed the UK Government will seize the ‘huge potential and opportunities that Scotland has to offer’.

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