The Latest Breaking News from Economy

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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 · Aug 12, 2025

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.

Fortune · Aug 11, 2025