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The Latest Breaking News from Economy

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

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

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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

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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

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

The Independent UK

Jobless Claims Rise, But Economists Remain Optimistic

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

Top News

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

The Guardian - UK

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.

Fortune

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 Guardian - UK

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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

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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

The Conversation

Just nine people decide what happens to UK interest rates - but pressure for change is mounting

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

Top News

Unemployment Claims Rise, But Remain At Healthy Level

Learn about the recent increase in US unemployment claims and its implications on the economy.

The Independent UK

The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recovers

The Czech Republic’s central bank has cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected

Top News

Bank Of England Cuts Interest Rate By 0.25%

Bank of England's rate cut aims to boost economy amid Brexit uncertainties. Lower rates may impact inflation.

Evening Standard

The Bank of England interest rate cut is not enough

City Voices: The MPC needs to be much bolder

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