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The Latest Breaking News from Economy

Anger in Nigeria over the spiralling cost of living

Nationwide protests against Nigeria's rising cost of living enter day two. Demonstrators have clashed with police, prompting authorities to enforce curfews across several northern states. Also in this edition, a pipeline carring oil from Niger to Benin is under continued threat of attacks by armed rebels. The assaults risks hampering…

France 24

Valve's former economist says Steam could produce 'better macroeconomic forecasts' than Goldman Sachs with the power of crowdsourcing and brownie points

A haunting vision of a Valve that might've been.

PC Gamer

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

The Independent UK

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Wall Street Reacts To Jobs Report With Fear And Uncertainty

Wall Street reacts with 'Extreme Fear' as jobs report disappoints, but experts remain cautiously optimistic about US economy's resilience.

Top News

Senator Warren Criticizes Fed For Delayed Interest Rate Cuts

Senator Elizabeth Warren criticizes the Federal Reserve's delay in interest rate cuts, highlighting potential harm to the economy and job growth.

Top News

Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying

A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon.

Kiplinger

China needs to pick a side, and it just might pick the west

For the Kremlin, its “partner of no limits”, China, isn’t doing enough to aid Russia’s war against Ukraine. So, Russia has signed a peace treaty with North Korea, hoping to pressure China into backing Moscow’s war effort further.

The Conversation

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July Jobs Report Shows Second-Lowest Monthly Gain Since December 2020

July saw 114,000 jobs added to the economy, reflecting ongoing recovery from COVID-19 impact. Experts remain cautiously optimistic despite lower figures.

Top News

Stock Selloff Deepens on Signs the US Economy is Losing Momentum

The S&P 500 Index ($SPX ) (SPY ) today is down -2.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.78%. US stocks today are plunging, with the S&P 500 falling to an 8-week low,...

Barchart

OPINION - Britain should be training its own carers, not importing them — Labour must bring immigration down

It hasn’t taken long for the backtracking to get under way. The Home Secretary, Yvette Cooper, announced this week that the Government would not, in fact, be raising the income threshold for migrants to bring a spouse into the country for fear that it might “damage the economy”.

Evening Standard

Economic recession fears grow after bleak jobs report and unemployment spike

The unemployment rate also saw a jump over the last month, now sitting at 4.3 percent

The Independent UK

US Economy Faces Hiring Slowdown Amid Controlled Inflation

US jobs report shows a slowdown in hiring but more manageable inflation, posing challenges for policymakers and the Biden-Harris administration.

Top News

USA Virtual Numbers from Freezvon

The USA has always attracted many entrepreneurs from all over the world with its developed economy and stable political situation.

inkl

US Labor Market Cools Off, Raises Recession Concerns

US labor market slowdown and rising unemployment rates raise concerns about economic growth and potential recession.

Top News

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The Independent UK

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs

Top News

Jobless Claims Rise, But Economists Remain Optimistic

Economists analyze recent jobless benefit increases, caution against immediate concern. Fluctuations expected in recovering economy.

The Guardian - UK

Fear of US recession rattles global markets as tech shares fall

Europe’s main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh record

Fortune

The experience economy, fueled by gig-chasers and sports fanatics, is booming—and it will soon be worth $1.5 trillion

Events like the Formula One Grand Prix and the Olympics have spurred the growth of sports tourism, which accounts for a large piece of the experience pie.

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news in one place.

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The Guardian - UK

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

The Conversation

Save our waves: surfing pumps $2.71 billion into the Australian economy and boosts wellbeing

Ever since Polynesian pioneers took to the ocean on wooden rafts, people have been hooked on riding waves. Today, surfing is one of the world’s fastest-growing sports and one of the latest additions to the Olympic games.

Top News

US Economy Weakens As Interest Rates Stay

Stock markets declined on Thursday due to economic concerns and potential Fed rate cuts, impacting jobless claims and investor sentiment.

Top News

Stock Market Reacts To Concerns Over Fed Rate Cut

Traders anticipate Fed rate cut impact on stocks. Labor market strain and market correction cause concern. US economy shows resilience amidst challenges.

The Guardian - UK

The Guardian view on interest rate cuts: helpful for some, but costs are too high for too many

Editorial: Even after the base rate reduction, businesses and households will still be paying record sums to borrow

The Independent UK

Korean Air says turbulence is knocking instant noodles off its economy menu

Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu

The Guardian - UK

Jane Stanley: Cerulean Orbits album review – music with an ear for texture and economy

The Glasgow-based Australian composer chamber works are played by the Red Note Ensemble with spark and energy

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