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The Latest Breaking News from Economy

10 Ways People Are Getting Rich Selling Fake Luxury Handbags

The line between luxury goods and fakes has become increasingly blurred. In recent years, the counterfeit market has exploded. Buyers especially need to be aware of the booming industry, as it has become much harder to spot a fake. In many ways, the counterfeit market is no longer hiding on…

Thousandaire

Chipotle CEO sounds alarm on the American economy: Gen Z and millennials are too burdened by unemployment and student loans to eat out

“We’re not losing them to the competition. We’re losing them to grocery and food at home,” Scott Boatwright said.

Fortune

PTSB sale good news for the Irish economy – Taoiseach

The bank announced the commencement of a formal sale process on Thursday.

Evening Standard

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The Gig Economy Tax Nightmare: Why So Many Freelancers End Up Owing the IRS

The gig economy continues to grow rapidly as more people choose to work as freelancers. Flexible hours and the chance to be your own boss are appealing. Freelancers discover a surprising truth about taxes when they need to file their taxes. The gig economy tax nightmare is real, and it’s…

The Free Financial Advisor

What if the next move in interest rates is up? Australia’s shock inflation news raises an unwelcome question

One economist warns if inflation is hotter than expected in the December quarter, the RBA could hike in February

The Guardian - AU

What Suze Orman’s Warning About the Economy Means for Your Investments

Suze Orman issues a major warning about the economy—find out what it means for your investments and how to protect your financial future now.

GOBankingRates

Europe's economy shows modest growth of 0.2%, held back by laggard Germany

Europe's economy has grown by a modest 0.2% in the third quarter, according to official figures released Thursday

The Independent UK

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Brian Moynihan warns government shutdown risks slowing the economy—and urges policymakers to address fiscal concerns with a 'clear head'

“Ultimately it’s going to slow down the economy,” he says.

Fortune

Why ASEAN membership matters for Southeast Asia's smallest economy: It's a ‘credible signal’ of stability to wary international investors

With oil and gas revenues starting to run dry, Timor-Leste, also known as East Timor, needs to explore new options.

Fortune

The AI boom isn't going anywhere

The longer the boom can keep carrying the economy, the more it can offset other structural changes.

Axios

US and China Seek Trade Progress Amid Fentanyl and Inflation Concerns

Trump may ease China tariffs in exchange for a fentanyl crackdown as US-China talks resume, amid rising inflation and layoffs impacting the US economy.

International Business Times UK

Elizabeth Warren Says Fed Is 'Flying Blind' On Interest Rate Decision: 'Families Deserve The Facts About The Economy, Not More Lies From Trump'

Sen. Elizabeth Warren (D-Mass.) slammed President Donald Trump’s administration for withholding key economic data as the Federal Reserve makes key interest rate decisions.

Benzinga

More than a quarter of Scots businesses expect to shrink, figures show

The Federation of Small Business found 57% of firms saw their profits slump in the third quarter of the year.

Evening Standard

The Guardian view on Argentina’s election: one step closer to becoming a Trumpian client state

Editorial: A $40bn rescue may have helped Javier Milei scrape through midterms, but it leaves Argentina’s democracy and economy more dependent than ever on Washington

The Guardian - UK

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The Conversation

The rise and fall of globalisation: why the world’s next financial meltdown could be much worse with the US on the sidelines

This is the second in a two-part series. Read part one here.

The Guardian - UK

The UK bond markets have become a political trap that strangles public spending. But there’s a way out

With living standards falling and the far right on the rise, the chancellor has the power to make decisions, not simply accept diktats from the markets, says lecturer in political economy Sahil Dutta

The Guardian - UK

UK unveils ‘carbon budget delivery plan’ to get back on track for net zero targets

Ed Miliband says pushing for renewable energy and lower emissions will reduce household bills and boost economy

GOBankingRates

The ‘Hermit’ Savings Rules: 8 Frugal Tips for Today’s Economy

If you embrace the hermit lifestyle and prefer your saving and spending to be done in a vacuum, here are some frugal living tips to thrive in today's economy.

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news in one place.

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Benzinga

Magnificent 7 Market Cap Tops $22 Trillion – And Nvidia Just Got Bigger Than Japan

The total market value of the Magnificent Seven tech giants soared past $22.2 trillion on Wednesday, powered by a surge in Nvidia Corp. (NASDAQ:NVDA), which crossed the $5 trillion valuation mark for the first time ever—now eclipsing the entire economy of Japan.

Motor1

How Toyota Engineered the New RAV4 for the Future: Interview

Imagine having this on your resume: “Chief Engineer for the world’s best-selling vehicle.” A claim like that would certainly turn heads at your next interview. For Yoshinori Futonagane, the man behind the sixth-generation Toyota RAV4, it’s a badge he wears proudly.

Evening Standard

Steven Bartlett seeks to build ‘Disney of the creator economy’ after multi-million investment

The new funding will accelerate Dragons’ Den star’s mission to empower creator media companies and creator ventures to scale globally

Benzinga

Fed Rate Cuts Help Bolster The Case For The ProShares Nasdaq-100 High Income ETF

Ever since the challenges of the COVID-19 pandemic, a key headwind that has stymied multiple administrations is inflation. Sure, the economy has been able to bounce back from the worst of the crisis, but the response wasn't free of consequence. Like a calculated gambit in chess, policymakers essentially sacrificed materiel…

We Got This Covered

Many… feel betrayed’: Voters in key states that voted red are already turning on Trump

It's the economy, stupid.

The Independent UK

Missing government data not likely to sway Federal Reserve from rate-cut path

The Federal Reserve is expected to cut its short-term rate Wednesday for the second time this year despite an increasingly cloudy view of the economy it is trying to influence

The Guardian - UK

Santander urges ministers to intervene in UK car finance compensation scheme

Lender’s chief executive says redress proposals could affect jobs, supply chains and broader UK economy

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