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The Latest Breaking News from Economy

US economy adds 206,000 June jobs as labor market cools slightly

Number is close to what was expected, as unemployment rate creeps above 4% for first time in two years

The Guardian - US

Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents

Live Nation had its biggest year yet for concert attendance. Print book sales are at a record high. The vinyl record industry has enjoyed a resurrection.

Fortune

Liz Truss loses seat as ex-prime minister becomes biggest scalp in Tory bloodbath

Truss’ defeat comes after disastrous stint as prime minister that crashed the economy and soured party’s chances of returning to power

The Independent UK

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UK stocks, sterling, bond prices rise as business calls for ‘fresh start’ under Labour – as it happened

TUC says Labour has ‘historic opportunity’ to ‘repair and rebuild Britain’ as Goldman Sachs raises UK growth forecasts

The Guardian - UK

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

The Independent UK

GM To Pay $146M In Penalties Due To Non-Compliance Of Old Vehicles On Emission Standards

The National Highway Traffic Safety Administration revealed that several of the carmaker's vehicles from 2012 to 2018 did not comply with federal fuel economy requirements.

International Business Times

6 Bellwether Stocks to Watch

These bellwether stocks are like weathervanes for their industries or the economy and are worth watching as indicators.

Kiplinger

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Here's How High Wall Street Thinks Nvidia Stock Can Rise

With AI potentially adding over $15 trillion to the global economy by 2030, Nvidia stands at the forefront. Following a 10-for-1 stock split, robust earnings, and more buying from Nancy Pelosi, analysts see Nvidia stock hitting new highs.

Barchart

UK voters expected to make a significant shift away from the ruling Tory party

British voters head to the polls this Thursday, with the opposition Labour Party projected to secure a landslide victory. However, experts suggest that the vote is driven more by fatigue from over a decade of Conservative rule marked by erratic policy decisions, political chaos, and a deteriorating economy, rather than…

Radio France Internationale

‘Pink baht’: Thailand’s businesses chase same-sex marriage bonanza

Wedding planners, hotels, malls and mortgage brokers are hoping to cash in on the legalisation of same-sex unions.

Al Jazeera

The Best Financial Stocks to Buy

Financial stocks play a critical role in the economy and are a key component of any well-rounded portfolio.

Kiplinger

Federal Reserve minutes: Inflation is cooling, but more evidence is needed for rate cuts

Federal Reserve officials at their most recent meeting welcomed recent signs that inflation is slowing and highlighted data suggesting that the job market and the broader economy could be cooling

The Independent UK

GM will pay $146M in federal penalties because 5.9 million older vehicles emit excess carbon dioxide

General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards

The Independent UK

Ghana’s schools don’t teach enough about geoscience: why kids need to know how the planet works

Over the last few decades Ghana has seen a rise in environmental degradation such as pollution, deforestation and land degradation. These have been driven by urbanisation, industrialisation, carbon emissions and waste burning. Environmental problems have an impact on public health and the economy. One path to finding solutions is geoscience…

The Conversation

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The Independent UK

Egypt swears in a new Cabinet as mounting economic challenges fuel public discontent

Egypt’s new Cabinet has been sworn in as the country faces an ailing economy and raging conflicts in neighboring nations

International Business Times

Indonesia Launches First EV Battery Plant

The country, which is the region's largest economy and home to the largest nickel reserve in the world, has been seeking to position itself as a key player in the global electric vehicle supply chain.

Kiplinger

Eight Tips for Managing Fluctuating Income

Your income might not be regular, but your saving, budgeting and financial planning can be. Business experts offer ideas to manage issues associated with fluctuating income.

The Conversation

NZ is moving closer to digital IDs – it’s time to rethink how we protect our valuable data

New Zealand shifted closer towards digital credentials for access to online services this week with the launch of the Trust Framework Authority. It will determine which organisations are verified to provide digital identity services.

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news in one place.

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Bangkok Post

PM ‘will consider’ easing booze sale rule

The government has promised to consider lifting the afternoon ban on alcohol sales to help restaurant operators who say the poor economy is starting to hurt them.

International Business Times UK

JPMorgan's Chief Strategist Reiterates Bearish Outlook, Says The S&P 500 Will Fall 23% By Year-end

JPMorgan strategist Marko Kolanovic forecast a significant S&P 500 decline by year-end as US GDP growth in Q1 slowed considerably amid headwinds like downward earnings revisions.

StockNews.com

3 Undervalued Small-Cap Stocks to Buy Before They Take Off

As the economy rebounds from tight monetary policies, small caps are poised to benefit from the cyclical upturn due to their greater sensitivity to economic conditions than large caps. Thus, it could be wise to invest in these three undervalued small-cap stocks: LifeVantage Corp. (LFVN), Hudson Global (HSON), and SigmaTron…

AAP

Firms pushed to cheat to win work as budgets blow out

Construction projects are facing cost blowouts, as firms vying for work are encouraged to cheat amid a "race to the bottom" to win contracts, an inquiry heard.

Evening Standard

'Trust me' with your money, Rachel Reeves tells voters across UK as July 4 polling day looms

EXCLUSIVE: Shadow Chancellor speaks to The Standard on tax, the City after Brexit and Heathrow expansion

The Conversation

The IMF is failing countries like Kenya: why, and what can be done about it

The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which are being exacerbated by a rapidly changing global political economy.

The Conversation

What are the Conservatives really saying when they say ‘don’t surrender’ to the Labour party?

Rishi Sunak and the Conservatives have gone from encouraging people not to vote for their opponents, to telling them “don’t surrender” to Labour. The Conservatives have said that a Labour vote would mean surrendering the economy, their pension and their children’s education, among others.

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