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The Latest Breaking News from Economy

US Stock Futures Tumble Amid Weakening Economy And Job Report

US stock futures decline as investors worry about the economy, tech valuations, and rising unemployment rate.

Top News

Labor Market Shows Signs Of Weakening Amid Economic Concerns

Explore recent US economic developments, including labor market resilience, stock market reactions, and political implications.

Top News

Stocks Set to Open Sharply Lower as Global Market Rout Intensifies

September S&P 500 E-Mini futures (ESU24) are down -2.48%, and September Nasdaq 100 E-Mini futures (NQU24) are down -4.10% this morning, extending last week’s losses as concerns intensified that the Federal Reserve is lagging in providing policy support for a slowing U.S. economy.

Barchart

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Indonesian Growth Slows In Second Quarter

Growth in Southeast Asia's largest economy was 5.05 percent in the second quarter, slightly lower than the previous quarter's 5.11 percent, Statistics Indonesia said.

International Business Times

Stocks Set to Open Sharply Lower as Global Rout Intensifies

Barchart

Stocks Hammered After US Data Fans Recession Fears

A much-anticipated report Friday showed the US economy added just 114,000 jobs last month, well down from June and far fewer than expected, while the jobless rate rose to the highest level since October 2021.

Latin Times

Chancellor Rachel Reeves flies to New York to promote London Square Mile as 'crown jewel' in Britain's economy

She was due to meet Wall Street leaders in New York and host a reception to celebrate women in finance

Evening Standard

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Strategists Advise Trump To Focus On Economy And Freedom

Republican strategists analyze Trump's tactics against Harris, advising focus on economy and countering her freedom message.

Top News

Japan's Nikkei 225 stock index sinks nearly 13% as investors dump a wide range of shares

Japan's Nikkei 225 share index has plunged nearly 13% as investors worried that the U.S. economy may be in worse shape than had been expected dumped a wide range of shares

The Independent UK

US recession fears 'nail in coffin' for RBA hike chance

Concerns about the state of the United States economy will add to the case for no change at an upcoming central bank interest rate meeting, economists say.

AAP

Asian Stocks Tank After US Data Fans Recession Fears

Tokyo led a plunge across Asian equities Monday, while the yen hit a six-month high after weak US jobs data fanned fears of a recession in the world's top economy and boosted bets on several Federal Reserve interest rate cuts.

International Business Times

Lessons from Ladakh: the Himalayan birthplace of the localisation movement

I Wrote The Book On It: Helena Norberg-Hodge, the author of Ancient Futures: Learning from Ladakh for a Globalizing World and founder of Local Futures shares big lessons from ancient traditions on the Tibetan Plateau 

Evening Standard

Fears of further market turmoil deepen after US economic data spooked investors

Analysts await key services sector metric to gauge US vulnerability to recession as stocks in Middle East fall amid regional tension

The Guardian - UK

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

Al Jazeera

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Former President Trump Arrives In Atlanta For Rally

Former President Donald Trump engages with supporters in Atlanta, discussing economy and rallies, emphasizing his commitment to making America great again.

International Business Times UK

Gold Prices Near Record Highs as Its Safe-Haven Appeal Lure Investors Amid Middle East Tensions

Gold prices hover near record highs as disappointing tech earnings, growing Israel-Iran tensions, and signs of weakness in the US economy stirred volatility in global stock markets.

The Guardian - UK

OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid

Sam Altman’s ChatGPT promises to transform the global economy. But it also poses an enormous threat. Here, a scientist who appeared with Altman before the US Senate on AI safety flags up the danger in AI – and in Altman himself

Fortune

The countries where workers and their bosses are most and least engaged

The global economy has a $8.9 trillion worker motivation problem. But the U.S. and India have a slight edge over China, Japan, and Europe.

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The Guardian - UK

Labour is still in its ‘phoney’ period. Far tougher tests await in autumn

When the honeymoon ends, Keir Starmer’s team will be judged on pressure points from the economy to North Sea oil drilling, writes Guardian columnist Martin Kettle

Newslaundry

Hafta letters: Karnataka jobs quota, Indian cities, Trump

I have a question for the future Chief Justice of India, Anand. If you haven't watched the Sansad speech of RG or PM, how do you have such strong opinions of RG’s speech and an acceptable vision of PM’s speech? You have the right to have your bias, but if…

France 24

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…

PC Gamer

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.

The Independent UK

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

Top News

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.

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