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The Latest Breaking News from Economy

The K-shaped Christmas: wealthy few drive holiday spending splurge while many struggle to get by

A soaring stock market rewards the already well-off but Trump’s handling of the economy has caused his approval ratings to plunge

The Guardian - US

Putin should have accepted Trump’s deal. Now Russia’s collapsing economy could lead to his downfall

The war against Ukraine has hit ordinary Russians hard, and the deteriorating situation is likely to inflame tensions, says Guardian foreign affairs commentator Simon Tisdall

The Guardian - UK

Nvidia CEO says data centers take about 3 years to construct in the U.S., while in China 'they can build a hospital in a weekend'

China has “twice as much energy as we have as a nation, and our economy is larger than theirs. Makes no sense to me,” Huang said.

Fortune

From analysis to the latest developments in health,
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K-Shaped Growth And Policy Volatility, JP Morgan's 2026 Outlook

A resilient market at the headline level, yet with an uneven, policy-driven underlying economy. This is the reality that JP Morgan Asset Management sees for 2026

Benzinga

Trump calls affordability a ‘Democrat scam’ and ‘con job’—but nearly three-quarters of his voters think cost of living is bad or the worst ever

A Politico poll found that 37% of Americans who voted for Trump in 2024 believe the cost of living is the worst they can ever remember.

Fortune

On Zack Polanski’s Magic Money Tree, economic gravity simply doesn’t exist

The Green Party leader thinks Modern Monetary Theory is a cure for Britain’s woes — others see it as snake oil at best, writes Jonathan Prynn

Evening Standard

From Cost Centers to Capital Generators: David Akokodaripon’s Blueprint for the AI-Native Economy

The global economy is currently undergoing a paradigm shift comparable to the industrial revolution, transitioning from a model based on tangible asset accumulation to one predicated on the capitalization of intangible digital liquidity. In this new macroeconomic environment, data has evolved from a passive record of transactions into a primary…

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The New Year Brings Stricter IRS Audits for Self-Employed Retirees

As the calendar turns to 2025, the IRS is rolling out stricter audit procedures that directly affect self-employed retirees. These changes are part of a...

Saving Advice

JLR recovery set to have lifted economy in October despite pre-Budget nerves

Official figures will show estimates for UK gross domestic product (GDP) on December 12.

Evening Standard

'The Economy Is Quite Booming'—Dave Ramsey Shuts Down Caller Blaming The Economy For Her Struggles. 'The Economics At Your House Suck'

When a recent caller tried to blame the economy for her family's million-dollar debt, Dave Ramsey fired back that it’s not the economy’s fault.

Benzinga

Why The BMW iX3 Is Exactly The Kind Of EV We've Been Waiting For

Plus, we talk about Trump's war on fuel economy, and Harbinger Motors wants to rewrite the book on EV trucks.

InsideEVs

Is the dominance of the US dollar unravelling under Trump?

The US has long sat at the centre of the global financial system, with the US dollar serving as the backbone of the world economy. Private investors rely on the dollar as a store of value in times of uncertainty.

The Conversation

‘Hard times for MAGA’: Over a third of Trump’s fiercest supporters forced to admit cost of living crisis is the worst in memory

2026 midterms not looking great for the GOP.

We Got This Covered

Starmer sets out plans to cut child poverty by 550,000

The Prime Minister said action to tackle child poverty could help the economy in the long-term and ease pressure on public services.

Evening Standard

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The Independent UK

MAGA feels the pinch: Over a third of Trump voters say they’re facing the worst cost of living crisis yet

As discontent grows, many voters blame Trump for the current state of the economy, according to a new poll.

The Independent UK

David Lammy says rejoining EU customs union could boost UK economy

Deputy PM joins growing chorus of support in Labour to undo Brexit

Reason

New Car Prices Hit $49,766 in October. Rolling Back Fuel Economy Regulations Could Bring Relief.

Here's a Trump reform that could actually make something more affordable.

Benzinga

How America's High-Income Splurge Is Quietly Propping Up Service-Sector ETFs

America’s increasingly K-shaped economy is showing up loud and clear in ETF performance-and the winners are the funds tied to service spending, travel, experiences, and digital consumption. While lower-income households pull back, affluent consumers are keeping service-sector ETFs surprisingly resilient, offering investors a rare pocket of strength in an otherwise…

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news in one place.

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Fortune

America, meet your alienated youth: ‘Gold standard’ Harvard survey reveals Gen Z’s anxiety and distrust, defined by economic insecurity

The Harvard Youth Poll pulls back the curtain to reveal a generation defined by widespread distrust in the economy.

Motor1

Trump: Japan's 'Cute' Kei Cars Are Coming to America

Update: In an emailed response to Motor1's questions, a Department of Transportation spokesperson told us:

InsideEVs

The Auto Industry Won't Fall For The Fuel Economy Rug-Pull

Today on Critical Materials: the fuel economy rug pull won't fool automakers again, car companies look at side hustles and Waymo is headed to Philly.

The Conversation

Women’s voices at the G20: action urged on economic empowerment, care work, health, climate justice and forced labour

The G20 group of the world’s 20 most powerful economies and the African and European Unions has a group dedicated to women empowerment – the Women 20 (W20). Set up in 2015 to promote gender equality and women’s economic empowerment, it’s one of 13 official engagement groups in the “Sherpa…

The Free Financial Advisor

9 Outdated Pieces of Financial Advice That Are Now Dangerous

Financial advice is everywhere—family, friends, blogs, and random people at parties who swear they know the “secret” to wealth. The problem? Some of that advice hasn’t just aged poorly—it’s actually risky in today’s economy. What worked in the 1980s or even the early 2000s can now set you up for…

Everybody Loves Your Money

How Much Everything Cost in 1986 — From Rent to Gas Prices

1986 was a wild year. Madonna was ruling the charts, “Top Gun” had everyone screaming “I feel the need… the need for speed,” and shoulder pads were still somehow a thing. But beyond the pop culture nostalgia, the economy of the mid-80s had its own quirky charm. Things that seem…

The Conversation

How the UK’s dependency on cars slows down the economy

The UK government makes a lot of money from cars. It taxes car ownership, it taxes the fuel, and it is about to charge drivers of electric vehicles by the distance they travel.

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