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The Latest Breaking News from Economy

The U.S. economy is the most dynamic it's ever been as AI and infrastructure overpower Fed rate hikes, 'Big Short' investor Steve Eisman says

"Definitely hold on to your Apple position," he said. "It's too central a figure in the whole story."

Fortune

Yemen's Bank Rivalry Threatens Economy Amid Civil War

Yemen's financial crisis escalates as rival factions battle for control of banks, leading to currency devaluation and economic distress.

Top News

Fight for control of Yemen's banks between rebels, government threatens to further wreck economy

Yemen’s Houthi rebels and its internationally recognized government are locked in a fight for control of the country’s banks that experts warn is threatening to further wreck an economy already crippled by nearly a decade of war

The Independent UK

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Scotland's economy has outperformed rest of UK post-pandemic, expert says

SCOTLAND’S economy has been outperforming the rest of the UK in recent years with higher growth per head of population, the Institute for Fiscal…

The National (Scotland)

Ghana’s economic crisis was caused by government borrowing - the central bank did the best it could: economist

Ghana is going through its worst economic crisis in a generation. The past two years have seen record high inflation in the country. Ghana’s central bank (the Bank of Ghana) has been criticised in some quarters for its role in the country’s economic malaise, which has hit the profitability of…

The Conversation

Struggle to damp down inflation leaves Tories’ election hopes high and dry

An improving economy was supposed to boost Sunak’s campaign. But growth is flatlining, and there is little hope of an interest rate cut this week

The Guardian - UK

Israel's 'Economic War' Chokes Occupied West Bank

Palestinian teenagers bounced on trampolines and jumped through hoops inside a towering tent on the outskirts of Ramallah, the financial hub of the occupied West Bank.

International Business Times

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Disastrous, dark shadow, destroys our economy: five climate elders on Peter Dutton’s emissions stance

From Peter Garrett to Lesley Hughes there is frustration, despair and ‘a towering sense of anger’ over the opposition leader’s shift on the 2030 target

The Guardian - AU

This month's ACT budget needs to deal with a thorny problem

The ACT budget will be handed down on June 25.

The Canberra Times

This ‘ugly Goldilocks’ scenario could put both stocks and bonds in danger this year, investment chief warns

“The economy is a little too soft to meet equity investors’ expectations of earnings growth, and the economy's a little too strong to meet bond investors’ expectations of cuts,” Unlimited Funds' Bob Elliott told Fortune.

Fortune

Keir Starmer says UK will 'not go back to austerity' under Labour in BBC interview

Labour leader pledges cash injection into hospitals and schools

Evening Standard

Why don’t the Conservatives want to talk about arts and culture?

The arts and cultural sector is facing a multitude of challenges. With COVID and cost of living crisis following hot on the heels of a decade of funding cuts, many organisations have had to strip back their programmes. Some have closed altogether.

The Conversation

‘Bridgerton universe’ has added £275m to UK economy, says Netflix

Producer Shonda Rhimes opens London Stock Exchange as second part of show’s season three launches

The Guardian - UK

Central banks face threats to their independence − and that isn’t good news for sound economic stewardship (or battling inflation)

Nearly every country in the world has a central bank – a public institution that manages a country’s currency and its monetary policy. And these banks have an extraordinary amount of power. By controlling the flow of money and credit in a country, they can affect economic growth, inflation, employment…

The Conversation

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Barchart

Stock Index Futures Slip After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.52%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.29% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

Barchart

Stock Index Futures Fall After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.39%, and June Nasdaq 100 E-Mini futures (NQM24) are down -0.12% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

Barchart

Stock Index Futures Mixed After Hitting New Records, U.S. Economic Data on Tap

June S&P 500 E-Mini futures (ESM24) are down -0.34%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.05% this morning after both the benchmark S&P 500 and tech-heavy Nasdaq 100 posted their fourth straight record closes in the previous session, with investors awaiting the University of Michigan survey of…

Evening Standard

Archie Norman is right -- time to unleash our pension funds

City Comment: Pensions avoiding the stock market are starving the economy of capital

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Bored Panda

Un-Censori Is Back: Kanye West’s Wife Bianca Stuns In Completely See-Through Cloak In Italy

"They still seemed to be having a blast together throughout the night." The post Un-Censori Is Back: Kanye West’s Wife Bianca Stuns In Completely See-Through Cloak In Italy first appeared on Bored Panda.

The Independent UK

Bridgerton boosts UK economy by £275 million, Netflix says

Executive producer Shonda Rhimes, has opened trading at London Stock Exchange in response

International Business Times

China Waits Anxiously For Economic Plan As Gloom Reigns

Rows and rows of partially inhabited high-rises sprawl into the suburbs of the northern Chinese metropolis of Tianjin, their empty balconies emblematic of a slowing economy that has not kept pace with the country's ambitions.

Evening Standard

OPINION - On economic growth, Keir Starmer sounds more like Liz Truss than Jeremy Corbyn

I have no ideological aversion to defences of Liz Truss. We all have our foibles, after all. But the one argument I won't accept is that, in going gung-ho for growth, she at least identified the right problem. I mean, pointing out that the British economy has been in a…

International Business Times

Russians Shrug Off Sanctions On Dollar, Euro Trading

Russians on the streets of the capital shrugged off new US sanctions on dollar and euro trading Thursday, claiming they had no need for Western currencies in their heavily targeted economy.

Evening Standard

OPINION - The Standard View: Keir Starmer wants to grow the economy. The question is: how?

Election campaigns are full of “moments”. Some are unscripted and unforeseeable, such as a Tory Prime Minister who is facing a populist threat to his Right, volunteering to leave D-Day commemorations early in order to do a pre-recorded interview. Others, such as Labour’s manifesto launch, are more expected.

International Business Times

Gallup Poll Shows Unhappy Workers May Hurt Global Economy

A poll by Gallup showed that negative daily emotions at the workplace can have an impact on the global GDP.

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