The Latest Breaking News from Economy

The stunning 911,000-job downward revision from the Bureau of Labor Statistics has prompted President Donald Trump to once again slam the Federal Reserve as dangerously behind the curve—questioning whether it's already too late to fix the damage.

"The revision shows the economy entered 2025 with less momentum than previously understood,” said Bill Adams, Chief Economist at Comerica Bank.

Unveiling Amazon Web Services’ long-awaited NZ$7.5 billion “cloud region” – a cluster of local data centres – Prime Minister Christopher Luxon specifically referenced Ireland and Singapore as “two economies we often look to for inspiration on investment and technology”.

Pessimism is "most pronounced for those with at most a high school education," according to the New York Federal Reserve.

The U.S. economy created 911,000 fewer jobs than initially thought from March 2024 to March 2025, the Bureau of Labor Statistics revealed.

The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the U.S. economy

On CNBC's “Halftime Report Final Trades,” Bryn Talkington, managing partner of Requisite Capital Management, said the economy is slowing, not stalling. It's a great time to pick up KKR Co Inc. (NYSE:KRR) and if they execute, they’ll grow earnings and revenue at 30% next year, she added.

COMMENT: As traditional donors like the US and UK cut back, the answer for Africa and the Global South is not in charity, but in a fundamental restructuring of how the world economy is organised, writes Fadhel Kaboub

The economy's in shaw-mbles.

Jerome Powell’s Fed faces labor market weakness as Wall Street bets on rate cuts, with Jeremy Siegel and Goldman Sachs backing easing ahead.

Economist Justin Wolfers is sounding the alarm on the potential for stagflation, warning that proposed tariffs could inflict a painful combination of slowing growth and rising prices on the U.S. economy.