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The Latest Breaking News from Economy

US Eastern, Gulf Coast Ports Prepare For Shutdown Ahead Of Dockworkers' Strike

The Tuesday strike by the International Longshoremen's Association could cost the American economy as much as $7.5 billion a week.

International Business Times

Powell, PMI's and Other Key Things to Watch this Week

Powell is speaking Monday at 1 pm Eastern at a conference in Nashville and PMI's are due out on Tuesday and Thursday.

Barchart

What are the four candidates’ pitches to become next Tory leader?

How Jenrick, Badenoch, Cleverly and Tugendhat stand on immigration, the economy and foreign policy

The Guardian - UK

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Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

AAP

‘Running away from good news’: why is Harris distancing herself from Biden’s record?

Under Biden, immigration has stabilised, inflation has been tamed and crime is down, but his VP is forging ‘a new way’

The Guardian - US

Only the United States benefits from renegotiating the Canada-U.S.-Mexico trade deal

There is a ticking time bomb at the heart of the North American economy. And this is the year that it begins to detonate.

The Conversation

Retail sales to show economy continues to sputter along

The Australian economy should show further signs of modest growth in upcoming retail trade figures but investors will be more interested in US jobs data.

AAP

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Burning rubbish to create energy could end landfills. But some worry where Australia’s new path is leading

Some conservationists believe ‘incineration industry’ is trying to gain a foothold in Australia and say the trend will end up damaging the environment

The Guardian - AU

How Trump's Mass Deportation Plans Could Have Devastating Effects on the Economy

Trump continues to pledge to carry out the "largest deportation operation" in American history. But doing so could have negative ripple effects on the economy.

Latin Times

The sole candidate for Macao's leader pledges to diversify the casino city's economy

The sole candidate in the election for Macao’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing

The Independent UK

Global Stocks Rise On Rate Hopes, Beijing Stimulus

Stock markets mostly rose Friday as slowing US and European inflation raised hopes of more aggressive interest rate cuts and China took measures to boost its struggling economy.

International Business Times

Inflation Continues To Cool, Paving Way For More Interest Rate Cuts

The Federal Reserve's preferred inflation measure rose just 0.1% in August, according to Commerce Department data

International Business Times

Fed President Supports Gradual Interest Rate Reduction

Federal Reserve official in Richmond supports moderate rate cut to maintain economic restraint.

Top News

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

The Federal Reserve’s preferred inflation measure provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts

The Independent UK

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Top News

Trump's Tariff Policy: Impact And Controversy

Explore the impact of tariffs on the American economy, from proposed benefits to potential negative consequences. Learn about the skepticism from economist...

The Guardian - UK

US inflation gauge falls more than expected; China stocks post best week since 2008 – as it happened

Federal Reserve’s preferred measure, PCE inflation, falls to 2.2%, easing way for further rate cuts

The Independent UK

Asian markets follow Wall Street higher on upbeat news from China, US

Stocks in Asia are mostly higher, boosted by moves by China to rev up its economy

The Independent UK

Australian treasurer welcomes Chinese efforts to stimulate economy during Beijing visit

Australian Treasurer Jim Chalmers has welcomed efforts by China to perk up its slowing economy

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Salon

Harris outlines plan to tax the rich

In an interview with MSNBC's Stephanie Ruhle, the Democratic candidate made her pitch to the middle class

Reason

Don't Expect a Return to the Trump Economy

If the former president wins the 2024 race, the circumstances he would inherit are far more challenging, and several of his policy ideas are destructive.

The Independent UK

Fuelling the future: How entrepreneurship drives job creation in a changing economy

Matthew Hayes, Managing Director of Champions (UK) plc, shares his insights into how entrepreneurship is a fundamental factor of job creation during a changing economy

The Canberra Times

Labor plans to boost nightlife economy across the ACT

Plans to reduce liquor licences and open more public spaces.

Top News

US Economy Grows At Healthy 3% Annual Pace

The American economy showed robust growth in Q2 driven by consumer spending and business investment. Inflation eased, prompting a Fed interest rate cut. Jo...

Top News

Ports Seek Federal Intervention Amid Looming Strike Deadline

Impending strike at major U.S. ports due to contract disputes, potentially disrupting operations and impacting the economy.

The Independent UK

US economy grew at a solid 3% rate last quarter, government says in final estimate

The American economy expanded at a healthy 3% annual pace from April through June, boosted by strong consumer spending and business investment, the government said, leaving its previous estimate unchanged

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