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The Latest Breaking News from Economy

Rachel Reeves eyeing VAT hikes on energy bills, SNP claim

LABOUR have “left the door open” to hiking VAT on energy bills and food, the SNP have warned.

The National (Scotland)

US Consumer Inflation Accelerates As Tariff Scrutiny Grows

US consumer inflation picked up in line with analyst expectations last month, government data showed Tuesday, as policymakers try to gauge how President Donald Trump's ever-growing list of tariffs is affecting the economy.

International Business Times

Mexican President Sheinbaum Says U.S. Also 'Has To Do Its Part' To Fight Drug-Trafficking

Mexican President Claudia Sheinbaum said the U.S. must also "do its part" to fight drug-trafficking on its side of the border

Latin Times

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US inflation accelerated last month to highest level since February

Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures

The Independent UK

Here’s Why Millennials Are Now Filing More Bankruptcy Cases Than Boomers

Millennials are now filing more bankruptcy cases than Baby Boomers, and it’s not just a headline. This shift matters because it signals deeper changes in how younger adults handle debt, jobs, and money stress. If you’re a Millennial, you might see yourself in these stories. If you’re a Boomer, you…

The Free Financial Advisor

Ignore 'Sell America' call, says JPMorgan's investment strategy boss—neither tariffs nor national debt are enough to clip the wings of U.S. dominance

EXCLUSIVE: J.P. Morgan’s Jacob Manoukian tells Fortune he remains confident in the U.S. economy’s long-term dominance, dismissing “sell America” calls as shortsighted.

Fortune

China’s economy beats expectations in face of Trump’s trade war

GDP grows 5.2% in second quarter as world’s second largest economy ‘front-loads’ shipments before tariffs kick in

The Guardian - UK

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Reeves sets out sweeping reforms to financial sector in search for growth

The changes are ‘freeing up firms to take risks and to drive growth’, Chancellor Rachel Reeves said.

Evening Standard

Washington Breaking The Global Economy? Economist Mohamed El-Erian Warns The US Now 'Resembles A Developing Nation'

Prominent economist Mohamed El-Erian warns that the United States’ recent economic behavior is creating instability, not just at home, but across global markets.

Benzinga

Mansion House glitz cannot hide the stark realities for the UK economy

The Government has failed to stimulate business and investment activity to create growth.

Evening Standard

Chinese economy grows at a 5.2% annual pace despite trade war

China achieved GDP growth for the last quarter above the official 5% target, although strong exports to markets aside from the US masked weak domestic consumption.

Euronews

China’s economy grows at steady pace despite Trump’s trade war

China’s GDP grew 1.1 percent from April to June despite US tariffs, official data shows.

Al Jazeera

China's Economy Grows 5.2% On Trade War Truce

China's economy expanded more than five percent in the second quarter of the year, official data showed on Tuesday, after analysts predicted strong exports would provide crucial support despite trade war pressures.

International Business Times

Asian Markets Mixed As China's Economy Meets Forecasts

Markets were mixed Tuesday as positive Chinese economic data was offset by weak consumer spending, while optimism that governments will hammer out deals to avoid the worst of Donald Trump's tariff threats provided support.

International Business Times

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AAP

Aussie shares set new record on strong China growth

The ASX200 has climbed 0.7 per cent to finish above 8,600 for the first time, and was also within 10 points of its all-time intraday high.

The Independent UK

Chinese economy grows at a 5.2% annual pace in April-June quarter despite trade war

China has reported that its economy slowed in the last quarter as President Donald Trump's trade war escalated, but it still expanded at a robust 5.2% pace

The Independent UK

Rachel Reeves set to bet the house on economic growth by loosening mortgage rules

The chancellor is set to rip up many of the rules brought in after the 2008 financial crash to encourage investors and businesses to take risks again and open up the housing market to thousands more first-time buyers

International Business Times

Trump Pushes Fed To Slash Interest Rates To 1%, Sparking Inflation Fears

The current federal funds rate sits at 5.25–5.50%, held steady by the Fed to combat inflation and avoid overheating the economy.

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news in one place.

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Benzinga

JPMorgan Q2 Preview: A 'Banking Renaissance' On The Horizon

Banking giant JPMorgan Chase Co (NYSE:JPM) could provide a detailed look at the health of the American economy and consumer and have a big impact on several ETFs when the company reports second-quarter financial results Tuesday before market open.

GOBankingRates

Bank of America Says If Something Breaks the Economy, It’ll Happen This Summer: How Investors Can Play It

Bank of America warns more economic shocks could happen this summer. Learn what investors should watch for and how to position your portfolio.

The Independent UK

Voices: If interest rates fall, could the 3 per cent mortgage make a comeback?

COMMENT : The governor of the Bank of England has hinted at a cut in rates thanks to the government’s decision to tax jobs. James Moore shares the welcome news that mortgages will get cheaper – but adds a note of caution

International Business Times

Ukraine's Zelensky Seeks Shakeup With New Prime Minister

Ukrainian President Volodymyr Zelensky said Monday that he was recommending economy minister Yulia Svyrydenko become prime minister in a significant political shakeup for the war-scarred country.

MarketBeat

3 Infrastructure Stocks Riding the U.S. Building Boom

These three infrastructure stocks are set to ride America’s building boom fueled by historic federal and private investment

GOBankingRates

3 Dangerous Assumptions You Should Not Make About Trump’s Economy

As President Trump's second term continues, the controversial and outspoken leader has managed to make headlines for a variety of reasons -- perhaps most notably, his economic policy decisions. Be...

GOBankingRates

4 Types of People Who Will Get Money Back From Trump’s New Tax Initiatives

President Trump is floating the idea of increasing taxes on the ultra wealthy who make $2.5 million annually from 37% to 39.6% to cover areas like immigration and military without cutting Medicaid. On...

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