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The Latest Breaking News from Economy

Futures are Signaling a Muted Open for Wall Street as Investors Weigh Economic Outlook

June S&P 500 futures (ESM23) are down -0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.06% this morning after three major U.S. benchmark indices finished the regular session lower as weaker-than-expected U.S. economic data stoked investor concerns about the health of the economy.

Barchart

Irish politician and aide enjoy lavish business class flight to Brazil with huge price tag

The junior minister flew business despite other senior government ministers and aides flying economy further for the annual Paddy’s Day jamborees

Dublin Live

Interest rate fears drive housebuilding down at pace only seen during pandemic and financial crisis

The data “will send a chill down the spine of the UK economy”, economist Dr John Glen said

Evening Standard

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White House website highlights infrastructure as Biden pushes policy wins

The White House on Tuesday is starting a website to map and track tens of thousands of infrastructure projects and private manufacturing investments, an effort by the administration to show the impact of its policies on the U.S. economy

The Independent UK

Japan PM Kishida unveils economic action plan on 'new capitalism'

Japanese Prime Minister Fumio Kishida's government on Tuesday unveiled an action plan on his "new capitalism" programme of driving growth and wealth distribution through wage hikes, signalling his commitment to shift the economy into a higher gear.

Reuters

Castle Douglas swimming pool refurbishment comes with £1.4 million price tag

Members of the council's economy and resources committee will be asked to approve allocating funds to the scheme over the next three years

Daily Record

Why Reserve Bank Governor Philip Lowe wants to damage the economy further

Reserve Bank Governor Philip Lowe and his board have pushed up interest rates yet again – for the twelfth time in 14 months – because they want to damage the economy further.

The Conversation

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Irish politician and aide enjoy lavish business class flight to Brazil with whopping price tag

The Irish Mirror revealed last month that of eight ministers who flew business class for Paddy’s Day trips, four were junior ministers.

Irish Mirror

Stock market today: Asian stocks mixed after Wall St retreats on concern economy weakening

Asian stock markets are mixed after Wall Street fell on concern the U.S. economy may be weakening following a report that showed growth in service industries slowing

The Independent UK

Old is gold: Can ageing spark a surprise economic boom?

Health, tech and saved wealth could turn an ageing workforce from an economic challenge into an advantage, say experts.

Al Jazeera

Why the right have got it all wrong about Adam Smith, one of Scotland's finest minds

We do not know the exact date of his birth but yesterday marked the 300th anniversary of the baptism of Adam Smith, the Kirkcaldy-born father of…

The National (Scotland)

Years of Tory economic mismanagement has cost Scotland £8.5bn, claims Labour

Research suggests Scotland’s economy would be £8.5bn bigger had it grown since 2010 as it did under the last Labour government.

Daily Record

Living the ‘Chinese Dream’: Beijing’s new world order

As Beijing boosts its diplomatic clout, analysts say it wants to “remould” and even supplant existing institutions.

Al Jazeera

Building activity produces 18% of emissions and a shocking 40% of our landfill waste. We must move to a circular economy – here’s how

Architecture, engineering and construction employ 1.2 million people in Australia and account for 9% of GDP. But our biggest services sector also produces roughly 40% of landfill waste and accounts for 18.1% of Australia’s carbon footprint. The sector must change its practices fast for Australia to meet its commitments to…

The Conversation

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Businessweek

Giorgia Meloni Seeks to Cement Power by Remaking Corporate Italy

The right-wing leader must decide whether to opt out of China deal as she looks to drive change in the economy through state-owned companies.

ABC News

Angus Taylor says Australia's core inflation is higher than all the countries in the G7. Is that correct?

Shadow Treasurer Angus Taylor says Australia has higher core inflation than all of the countries in the G7. Is that correct? RMIT ABC Fact Check investigates.

Fortune

The Fortune 500 is dominated by just 50 companies that raked in nearly half of all earnings

The latest Fortune 500 list revealed more consolidation in the American economy: The top 50 companies accounted for over 45% of total corporate profits.

Barchart

Here’s How to Play the Unusual Options Volume for Five Below (FIVE)

With the latest jobs report confirming an ambiguous economic environment, investors will need to play discount retailer Five Below very carefully.

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news in one place.

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StockNews.com

3 Grocery Stocks to Explore This Week

Amid chances of a recession later this year, it could be worthwhile to explore fundamentally strong grocery stocks Albertsons Companies (ACI), Village Super Market (VLGEA), and Natural Grocers by Vitamin Cottage (NGVC), given the resilience of the grocery sector to economic cycles. Keep reading….

Fortune

The alt-right economy is failing. Here’s the real performance of anti-woke entrepreneurs

Anti-woke entrepreneurs seem to have forgotten the most basic requirement of capitalism: to make a profit.

Fortune

Larry Summers says that the Fed should consider doubling down on interest rates in July if it pauses in June because the risk of 'overheating the economy'

Suggestion comes as other economists push for an end to increases.

The Guardian - AU

Economists split over prospects of another rate rise ahead of RBA meeting

Despite 11 hikes in the cash rate since last May, some forecasters think the central bank could still raise borrowing costs again

Birmingham Post

Magnitude Biosciences seals £500,000 investment to ramp up research work

It has secured a Future Economy Investor Partnerships grant from Innovate UK which has been match funded by the North East Innovation Fund

Marie Claire

The British Beauty Council's Value of Beauty report shows it's time for beauty to taken more seriously

This year’s report reflects the challenges of Brexit, but shows the industry still boasts an entrepreneurial, flexible and resilient workforce

The National (Scotland)

Deputy FM to attend grassroots event on wellbeing economy – here's how to get tickets

DEPUTY First Minister Shona Robison will be among those speaking at an event in Dundee ...

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