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The Latest Breaking News from Economy

Harris takes a populist tone on the economy. Will it help with young voters?

Polling shows young voters care about the cost of housing

The Independent UK

In major policy speech, Kamala Harris promises to ‘bring down costs’

US Democratic presidential candidate presents plan to tackle food ‘price gouging’, child care and housing costs.

Al Jazeera

Harris is pitching an ‘opportunity economy’ to voters. Will it sway them?

Democratic nominee’s Friday speech gave most specific economic proposals of her campaign so far

The Guardian - US

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Harris vows to build ‘opportunity economy’ and attacks Trump on tax

Democratic nominee unveils proposals to lower cost of living and advocates ban on price-gouging by big companies

The Guardian - US

Dollar Slides and Gold Soars to a Record on Dovish Fed Comments and Soft US Housing News

The dollar index (DXY00 ) Friday fell by -0.50% on dovish comments from Chicago Fed President Goolsbee, who said the US labor market and some leading indicators on the economy are flashing warning signs. The dollar also retreated on Friday’s weaker-than-expected US July housing starts report. The dollar extended its...

Barchart

Kamala Harris promises to lower costs as she slams Trump for having ‘no serious plans’ to help middle class

‘Key to creating this opportunity economy is building up our middle class,’ Harris said

The Independent UK

Can France solve the economic collapse and unrest plaguing New Caledonia?

Three months into deadly protests in New Caledonia – sparked by a proposed constitutional reform that reignited tensions over independence – confrontations in the French territory persist, and its economy is in shambles. President Emmanuel Macron wants to hold talks in September, but does the government have anything to offer?

Radio France Internationale

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Dollar Slides and Gold Rallies on Disappointing US Housing News

The dollar index (DXY00 ) today is down by -0.23% on dovish comments from Chicago Fed President Goolsbee, who said the US labor market and some leading indicators on the economy are flashing warning signs. The dollar is also lower on today’s weaker-than-expected US July housing starts report. The dollar...

Barchart

How a currency devaluation in Kazakhstan made the country’s poor worse off

It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political agendas, and these decisions are not always beneficial for everyone.

The Conversation

Oil prices will whipsaw as we move to net zero, which could be disastrous for low-income producer countries

One huge question for the future of the global economy is how oil will be affected by the transition to net zero. Any energy economist will tell you that predicting oil prices is something of a fool’s errand, given all the uncertainties involved – but it would be even more…

The Conversation

Ethiopia’s bold economic reforms target stability and growth, but they come with risks

Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool.

The Conversation

Harris' Economic Illiteracy

Plus: Taylor Lorenz scandal, Chinese economy in trouble, tax-free tips, and more...

Reason

'Black Swan' hedge funder warns a recession is coming this year—and the biggest market bubble in history will soon pop

“It’s not different this time,” Mark Spitznagel, cofounder and CIO of the private hedge fund Universa Investments, told Fortune.

Fortune

Equities Surge On Strong US Consumer Data

The dollar rose more than one percent against the yen after the retail sales report was released.

Latin Times

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Barchart

Stock Index Futures Steady After Yesterday’s Rally, U.S. Economic Data on Tap

September S&P 500 E-Mini futures (ESU24) are down -0.02%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.13% this morning, taking a breather after yesterday’s sharp gains, while investors looked ahead to U.S. consumer confidence data and comments from a Federal Reserve official.

The Independent UK

Kamala Harris to unveil economic plan to ban price gouging on groceries and build three million new homes

Kamala Harris will give her first major policy speech focusing on the economy today in Raleigh, North Carolina, with a focus on grocery inflation, housing and slashing prescription drug costs

Barchart

Stock Index Futures Tick Higher as U.S. Recession Fears Ebb

September S&P 500 E-Mini futures (ESU24) are up +0.15%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.28% this morning as growing optimism that the U.S. will avoid a recession buoyed sentiment, while investors looked ahead to U.S. consumer confidence data and comments from a Federal Reserve official.

The Guardian - UK

China adds new clean power equivalent to UK’s entire electricity output

Data shows continued surge in wind and solar power amid hopes Chinese greenhouse gas emissions may have peaked

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news in one place.

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The Guardian - UK

Labour has been ‘played by its union paymasters’ over train driver pay, James Cleverly says – as it happened

Shadow home secretary criticises Labour handling of pay dispute as Aslef announces new strikes

The Guardian - UK

Global stock markets head for best week of 2024, as US consumer confidence rises – as it happened

Rolling coverage of the latest economic and financial news, as PwC becomes the first audit firm to be fined by the FCA

The Independent UK

Indonesia's leader highlights economic and infrastructure developments in his final state of nation

Indonesia’s outgoing President Joko Widodo highlighted advances in the economy and infrastructure during his final State of the Nation address

International Business Times

EXCLUSIVE: TapSwap Founder Talks Airdrop, Value In Play-To-Earn Model, The Future Of GameFi

TapSwap is preparing for its Q3 TGE and crypto platform listing, and as its popularity continues to grow in the GameFi space, founder Naz Ventura sees a future where play-to-earn games can become key drivers of the new digital economy.

International Business Times

Harris To Unveil Plan For US Economy In Major Policy Rollout

Kamala Harris is expected to take on companies unfairly jacking up prices as she sets out her economic agenda Friday in her first major policy announcement as the Democratic Party's presidential nominee.

The Independent UK

Japan stocks lift Asian market higher after US retail data boost Wall Street

Japanese stocks are leading gains in Asian markets after Wall Street close to its record heights as data showed the U.S. economy is holding up better than expected

International Business Times

Asian Markets Surge On Strong US Consumer Data

Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world's biggest economy.

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