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The Latest Breaking News from Economy

The baby boomer bump: How ‘the richest retiring generation we’ve ever had’ is keeping the economy afloat

"They are spending on restaurants, cruises, traveling, and health care."

Fortune

BlackRock’s bond guru Rick Rieder says the Fed’s favorite inflation firefighting strategy is failing—‘the private sector has become a creditor now’

“It’s ambiguous to me today, at best, whether a higher [interest] rate helps bring down inflation versus actually contributes to it,” Rick Rieder told Fortune.

Fortune

Why Is the Economy So Weird Right Now?

Plus: Samuel Alito's bad flags, simping for marijuana, and more...

Reason

From analysis to the latest developments in health,
read the most diverse news in one place.

Rishi Sunak names July 4 for UK general election: What’s next?

Sunak announced general election which could signal an end to his Conservative Party’s 14 years of power in the UK.

Al Jazeera

Gas Prices Soar Under Biden Administration

Gas prices have surged by 51% under President Biden, impacting consumers and the economy. Learn about the causes and effects of rising gas prices in the US.

Top News

German Business Activity Grows In May, PMI Shows

German business activity expands in May, driven by demand for goods and services, signaling a positive trend for the economy.

Top News

French Private Sector Contracts In May, PMI Shows

Discover how France's private sector contraction in May is impacting the economy and what measures may be needed to support businesses and stimulate growth.

Top News

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Biden Administration Backs Independent Federal Reserve

Learn about the Biden administration's support for the Federal Reserve's independence and its crucial role in shaping the U.S. economy.

Top News

Singapore's Economy Surges With Fastest Growth In 18 Months

Singapore's economy shows promising signs of recovery with fastest growth in 18 months, driven by increased consumer spending and government support.

Top News

Von der Leyen quizzed on whether she would work with far-right in EU election debate – as it happened

Frontrunner to be European Commission president was questioned over alliances with Meloni and others in face-off with rival candidates

The Guardian - UK

Not All Fed Officials Support Tapering Balance Sheet Contraction

Federal Reserve officials are divided on tapering balance sheet contraction, raising concerns about its impact on financial markets and the economy.

Top News

Rishi Sunak and Keir Starmer trade blows as election campaigns kick off

First day clashes over the economy and migrants as leaders hit campaign trail

Evening Standard

Taylor Swift and Coldplay concerts may have saved Singapore’s economy from shrinking last quarter

Strong services spending, spurred from superstar concerts, offset a decline in manufacturing in the first quarter of 2024.

Fortune

India's Business Growth Strong With Record Exports: PMI Report

India's economy showed robust growth in May driven by record exports and manufacturing expansion, reflecting a positive outlook for future growth.

Top News

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Top News

Singapore's April Core Inflation Matches Forecasts At 3.1%

Learn about Singapore's April core inflation rate of 3.1% and its implications on the economy.

The Guardian - UK

Sunak backtracked on climate policies – and voters may punish him

Many hoped he would show global leadership – instead he pitched himself as ‘pragmatic’ and slowed the journey to net zero

The Guardian - UK

Economy, health, migration and more: key battlegrounds in the UK election

The struggling NHS, the climate crisis, education and childcare will be among the issues on voters’ minds

Latin Times

Perception vs. reality: Poll reveals majority of U.S. citizens mistakenly feel the nation is in recession

Republicans and independent voters are more likely to believe this, the survey shows

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news in one place.

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International Business Times

US Fed's Rate Meeting Minutes Show Growing Inflation Concerns

A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.

The Conversation

What is ‘Net Zero’, anyway? A short history of a monumental concept

Last month, the leaders of the G7 declared their commitment to achieving net zero emissions by 2050 at the latest. Closer to home, the Albanese government recently introduced legislation to establish a Net Zero Economy Authority, promising it will catalyse investment in clean energy technologies in the push to reach…

The Guardian - UK

Things can only get better? For Sunak and the UK economy, this might be as good as it gets

Economies decide elections but with growth tentative, inflation sticky, and tax cuts unlikely, why would the PM wait

The Guardian - UK

Trailing Tories decide this is as good as their prospects will get

Fall in inflation hasn’t eased mistrust over economy, while Starmer leads polling on who will make better PM

The Independent UK

General election 2024: Which party is leading on the key issues like health and the economy?

As the prime minister fires the starting gun on the campaign, what are the policies that will determine the result of this vote?

The Guardian - UK

Rishi Sunak and Keir Starmer kick off election campaigns

PM to set off on two-day tour of UK nations and Labour leader to head to Tory areas in south-east England

The Conversation

US participation in space has benefits at home and abroad − reaping them all will require collaboration

When people think about what we get from the U.S. space program, it may be along the lines of NASA technology spin-offs such as freeze-dried food and emergency space blankets.

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