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The Latest Breaking News from Economy

Breaking 4 publishers covering this story in the last 6 hours

1h ago When it comes to Trump's economy, these are the numbers that matter before mid-term elections
2h ago MAGAs Push Identical 'Crash the Economy on Purpose' Script While Interest Rates Move in the Opposite Direction
2h ago India’s growth story needs jobs to match the numbers, says ex-RBI Governor D Subbarao
2h ago The U.S. Is Spending More On Debt Interest Than Defense. The Annual Bill Just Hit $1.05 Trillion.
2h ago Trump calls affordability a ‘hoax’ while JD Vance admits Americans are struggling

Trump’s super intelligence diplomat: Marco Rubio

Trump changed AI to SI. Now he has created a new breed of SI diplomacy.

The Economic Times · Oct 17

‘Countries are defying gravity’: how much longer can global economy resist chaos?

Sky-high oil prices and geopolitical turmoil have made less of a dent than feared … just don’t bank on it to last

The Guardian - UK · Oct 17

The wealthy boomer problem is metastasizing — they got 38% richer over the last 3 years as Gen Z and millennials under 35 got wiped out

People 35 years old and younger actually suffered a 23% decline in net worth from 2022 through 2025, according to the Federal Reserve.

Fortune · Oct 17

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Househelp@₹100: The 10-minute boom can't sweep aside a math problem

India’s instant househelp startups are scaling rapidly by offering affordable, on-demand domestic services, but steep losses and high customer-acquisition costs are raising questions about whether the model can become profitable. Snabbit spent Rs 195 crore in FY26 against Rs 12.2 crore in operating revenue, while Urban Company’s InstaHelp is also…

The Economic Times · Oct 17

The disturbing ‘new normal’ in the Strait of Hormuz: Attacks on ships at a record high and oil at $100 a barrel

IN FOCUS: With the prospect of peace in the Middle East looking increasingly remote ahead of the US midterm elections, oil prices remain stubbornly high and attacks have intensified rather than settled. Experts tell Maira Butt that the conflict is in a dangerous limbo

The Independent UK · Oct 17

Slick diplomacy: Trump’s crude u-turn on Russia sanctions bails out India

Donald Trump issued an executive order reversing sanctions that could have impacted India's oil purchases from Russia. The sanctions were initially implemented due to India's reliance on Russian oil, but the economic situation prompted a change. Trump's decision reflects a shift towards prioritizing affordable energy for American consumers. Indian officials…

The Times of India · Oct 17

Gold set for a weekly drop as traders assess Fed signals

Gold prices have held steady this week, though they are set to close lower overall as market participants assess the potential for a Federal Reserve rate hike. Spot gold recorded a modest drop of 0.1%, while futures displayed slight gains amid market hesitance. Discussions among Federal Reserve officials vary regarding…

The Economic Times · Oct 17

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What Working Ports Reveal: Kochi, Mormugao and Paradip for Travellers

Why a Working Port Stops You in Your WayA container ship docking at Kochi's Willingdon Island does not wait for you to frame the shot. The crane swings, the stevedores move, and the scale of the thing, a vessel longer than three football fields nudged by two tugs the size…

Times Life · Oct 17

With U.S. debt above $40 trillion, the IMF chief warns that economic growth alone won’t solve the problem

Treasury Secretary Scott Bessent has said the U.S. can grow its way out of the debt.

Fortune · Oct 16

Dollar Weakens on Reduced Fed Rate Hike Chances This Month

The dollar index (DXY00 ) tumbled to a 2-week low on Friday and finished down by -0.19%. The dollar came under pressure Friday after Fed Chair Powell refrained from providing guidance on monetary policy or the economy during a speech at the annual IMF meeting in Bangkok. Mr. Powell’s lack...

Barchart · Oct 16

Delhi traders urge PM Modi, Rahul Gandhi, Kejriwal to postpone protests till January 31

Bharatiya Udyog Vyapar Mandal has requested political protests in Delhi to be postponed until January 31, next year. This appeal highlighted the importance of the upcoming festival and wedding season for traders and workers. Demonstrations are reportedly causing significant business disruptions, particularly affecting market access and transportation. The trade body…

The Economic Times · Oct 16

For one grocery chain, the cost to ship lettuce now tops the lettuce itself, showing how high fuel prices are sinking their teeth across the economy

“Higher gas prices are beginning to bite because, unlike earlier in the year, there’s no offset this time around from fiscal policy.”

Fortune · Oct 16

GlobalFoundries' $21 Billion Deal Could Change the Economics of Chipmaking

GlobalFoundries will build two New York chip fabs backed by up to $21 billion in Japanese funding, with Apple, GM, Cirrus Logic and Renesas among customers lined up ahead of a 2029 start.

MarketBeat · Oct 16

Who Among Republicans Thinks Trump's Economic Policies Are Helping or Hurting? New Poll Reveals a Party Divided

Republicans are no longer united in their assessment of President Donald Trump's economic policies. A new Pew Research Center survey shows that 39% of Republicans and Republican-leaning independents believe his policies have improved the economy, while 35% say they have made it worse. Another 25% believe they have had little…

Latin Times · Oct 16

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Barchart · Oct 16

Dollar Pressured as Fed Chair Powell Refrains from Forward Guidance

The dollar index (DXY00 ) tumbled to a 2-week low today and is down by -0.34%. The dollar came under pressure today after Fed Chair Powell refrained from providing guidance on monetary policy or the economy during a speech at the annual IMF meeting in Bangkok. Mr. Powell’s lack of...

International Business Times · Oct 16

Iran's Economy is Grappling Under the U.S. Blockade. But it Still Reportedly Managed to Export Some Fuel.

Tehran has exported liquefied petroleum gas and jet fuel through ship-to-ship transfers off Oman.

Everybody Loves Your Money · Oct 16

Consumer Confidence Just Hit a 12-Year Low — 7 Money Moves People Make When They’re Worried

Americans are feeling noticeably less secure about the economy, and that anxiety can quickly change how families handle money. The Conference Board reported that its Consumer Confidence Index fell to 81.9 in September, down from 88.6 in August and its lowest level since 2014. Its Expectations Index, which measures consumers’…

The Independent UK · Oct 16

Qatar pledges a lifeline for Lebanon’s economy, power grid and reconstruction in the south

Qatar is stepping in to help Lebanon revive its struggling economy

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The Guardian - UK · Oct 16

Neet rates higher in England’s smaller cities and towns than in biggest cities

Initiatives to address youth employment crisis and offer training are being launched in towns such as Telford

The Economic Times · Oct 16

Trump's MAGA base shows cracks ahead of US midterm elections 2026? New poll finds Republican voters unhappy with living costs

US midterm election 2026: American voter sentiment is shifting, with many expressing frustration over President Trump's approach to significant domestic and international challenges. Polling data highlights a push for transformative leadership within the US as midterm elections draw near. The Democratic Party appears to be gaining enthusiasm, while Republicans grapple…

The Economic Times · Oct 16

Indonesia stocks, rupiah tumble as MSCI weighs market downgrade

Global index provider MSCI is contemplating downgrading Indonesia's stock market to standalone status. Such a reclassification could notably diminish Indonesia's appeal to global investors and alter its presence in international indexes. This year, Indonesia's share within MSCI's emerging markets index has dwindled. A downgrade would position Indonesia as the largest…

The Economic Times · Oct 16

Dr Doom, who predicted global financial crisis, has a forecast for India

Economist Nouriel Roubini, known as “Dr Doom” for predicting the 2008 Global Financial Crisis, sees India emerging as a major growth story over the coming decades. He believes easing US tariffs, deeper trade ties, friendshoring and continued reforms could strengthen India's economic prospects. However, India must accelerate growth towards 9%…

Euronews · Oct 16

Fed’s Warsh sees AI boosting productivity but gives no signal on next rate hike

US Federal Reserve Chairman Kevin Warsh said in Bangkok on Friday that the global economy has proved surprisingly resilient and called AI the most consequential change of his lifetime, but gave no hint on interest rates ahead of the Fed’s meeting this month.

Fortune · Oct 16

The ultra-rich are piling into Rolexes, rubies and Klimts as inflation hedges—but the real return may be about more than money

Nearly two-thirds of family offices now hold assets like art, watches and fine jewelry, a new BNY survey finds. The evidence on whether they pay off is mixed. Their value as a signal of wealth is not.

The Economic Times · Oct 16

India’s digital public infrastructure among world’s 10 most effective reforms: Report

India's Digital Public Infrastructure has been recognized as one of the top ten effective reforms globally. This infrastructure, particularly Aadhaar and the Unified Payments Interface, supports financial inclusion and reduces transaction costs. It facilitates greater integration of micro, small, and medium enterprises into the formal economy. Institutional coordination and interoperability…

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