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The Latest Breaking News from Economy

U.S. Economy Forecast 2024: Will There Be a Recession or a ‘Soft Landing’?

For over a year now, economists have been predicting a recession. Here's the updated 2024 forecast for the U.S. economy, and why a recession does not look likely - at least, not for now.

Barchart

Chinese leaders wrap up annual economic planning meeting with scant details on revving up growth

China's state media say top leaders held an annual planning meeting where they agreed to step up spending to help rev up the economy

The Independent UK

US Unemployment Ticks Down As Hiring Accelerates

The United States saw its jobless rate edge down in November while hiring rose more than expected, government data showed Friday, as policymakers mull the need for further efforts to cool the economy.

International Business Times

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Parents Want To Downsize, Expect Their 19-Year-Old To Move Out

Having your children move out can be bittersweet. However, if you’re forcing your kids to leave with very little warning, things can get emotionally messy... especially in this economy. The post Parents Want To Downsize, Expect Their 19-Year-Old To Move Out first appeared on Bored Panda.

Bored Panda

US economy adds 199,000 jobs as unemployment rate falls slightly

Jobless rate down to 3.7% as world’s largest economy grapples with interest rates and American policymakers plot next moves

The Guardian - US

S&P Futures Slip as Investors Await Key U.S. Jobs Report

December S&P 500 futures (ESZ23) are trending down -0.20% this morning as market participants looked ahead to a pivotal monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook.

Barchart

Spain's Calvino Beats Vestager To Head Bloc's Lender

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

International Business Times

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S&P Futures Tread Water as Investors Await Key U.S. Jobs Report

December S&P 500 futures (ESZ23) are trending up +0.04% this morning as market participants looked ahead to a pivotal monthly U.S. nonfarm payrolls report for clues on the Federal Reserve’s monetary policy outlook.

Barchart

Spain Finance Chief Calvino To Head EU's Lending Arm

Spain's Economy Minister Nadia Calvino, the newly-named European Investment Bank (EIB) chief, is a politician who is well-versed in EU lore and a pragmatist with experience of navigating power struggles.

International Business Times

Weekly Must-Read: Chinese Nickel Miners in Indonesia Face Threat from Falling Prices

A decade-long rush by China-based metal producers may end

Caixin Global

Is the US economy on track for a 'soft landing'? Friday's jobs report may offer clues

Can the U.S. economy achieve a much-hyped “soft landing”

The Independent UK

Jeremy Hunt’s post-Brexit City shake-up is ‘damp squib’, say MPs

Treasury select committee says Edinburgh reforms launched a year ago have had little impact on UK economy

The Guardian - UK

Music & money: Spotify reduces workforce as profitability remains elusive

Is the Spotify model a successful one? The streaming platform launched in 2008 is the leader in its field, on par with what radio and CDs used to represent in the sense that it's become the most convenient way for people to consume music and other audio content. We discuss…

France 24

Chlorine attacks and daily harassment: why Mexico’s female delivery drivers are organising

Women delivering food in Mexico City run a gauntlet of abusive behaviour in their work. But gig economy unions are providing safe spaces and demanding greater protection for drivers

The Guardian - UK

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The Guardian - AU

Labor’s same-job, same-pay laws pass parliament after deal with Lambie and Pocock

Splitting bill means reforms to the gig economy, road transport industry and casual work will have to wait until 2024

The Guardian - AU

Final question time of the year – as it happened

This blog is now closed.

Fortune

AI is so indispensable for this profession that nearly 60% of the workers who use it say they’d rather take a 10% pay cut than go without the technology

Many market intelligence researchers have become reliant on AI to do their jobs—it could be a sign of what's to come across the economy.

The Hindu

Parliamentary proceedings | Opposition, BJP MPs continue to fight in Rajya Sabha over state of economy

On the second day of the short-duration discussion on the state of the economy held in the Rajya Sabha, the Opposition and the Treasury Benches used statistics to counter each other.

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news in one place.

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Fortune

Renting is getting too expensive for Gen Z, making living alone a luxury saved for the middle-aged

Roommates have long been a rite of passage for young adults, even more so for Gen Z.

The Independent UK

Big bank CEOs warn that new regulations may severely impact economy

The heads of the nation’s biggest banks say there are reasons to be concerned about the health of U.S. consumers _ particularly poor and low-income borrowers _ in their annual appearance in front of Congress on Wednesday

Fortune

The U.S. economy could face 'a perfect storm' if Basel III Endgame goes into effect. Here’s why

The capital regulation plan known as Basel III Endgame will increase capital requirements by 20% or more for the eight largest U.S. banks.

The Guardian - AU

Ditch the rose-coloured glasses: Australia’s GDP is going backwards

We have now had three consecutive quarters of falling GDP on a per capita basis. That last happened 40 years ago during the 1982-83 recession

The Guardian - AU

Bracket creep is cooling Australia’s economy – it’s good news for interest rates but not for household budgets

The weak economy probably means the next RBA rates move – short of an inflation surprise next month – will be a cut

Fortune

From Taylor and Beyoncé to Barbie and Coco Gauff, women dominated the events economy this year

The top four women musical artists more than tripled the sales of the top 10 highest-selling artists of 2022.

The Texas Tribune

In this East Texas town, a 45-foot tall oil pump is a holiday symbol and connection to the past

Rudolph the Red-Nose Pumping Unit has long been a holiday tradition in Lufkin. The machinery, now used worldwide to extract oil from the ground, was invented by a local businessman.

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