The Latest Breaking News from Economy

To fight financial illiteracy, we mapped our money system as waterworks

Over the past decade, the super-rich and large corporations have been able to borrow at record low interest rates. This influx of easy money has shored up markets for yacht-backed-loans and securities, dividends, share buy-backs, and merger and acquisition deals.

The Conversation · Aug 2, 2023

Note to Keir Starmer: delaying investment in childcare would be bad economics – and bad politics

Failure to support women affects productivity. Neglect of female voters could also cost Labour crucial votes, says Ignacia Pinto of the Women’s Budget Group thinktank

The Guardian - UK · Aug 2, 2023

‘Bidenomics’ is working – which means Biden and the Democrats may win too

Biden’s economic policies are the most successful in the US in decades. That puts the Democrats on a strong political footing

The Guardian - US · Aug 2, 2023

Fitch Downgrades US’ Long-Term Rating From “AAA” To “AA+” ‌

Former treasury secretary Larry Summers says downgrade when economy is looking stronger than expected is “bizarre and inept”.

Zenger · Aug 2, 2023

Stock market today: Asian shares slip, echoing Wall Street's retreat from its rally

Asian shares have fallen after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings

The Independent UK · Aug 2, 2023

An Uber Driver Was Allegedly Attacked By Passengers W/ Hammers While Doing A Pick Up In Qld

The attack occurred amidst calls for better safety for gig economy workers.

Pedestrian.tv · Aug 2, 2023

US credit rating downgraded over rising debt, ‘standards of governance’

The downgrade marks only the second cut by a major rating agency in US history.

Al Jazeera · Aug 2, 2023

AI’s Fabrication Problem Threatens Economic Potential, Warns AP Report

Generative AI's tendency to invent information hampers industries and global economy

Zenger · Aug 1, 2023

Fitch downgrades US credit rating, citing mounting debt and political divisions

Fitch Ratings has downgraded the U.S. credit rating, citing an expected increase in government debt over the next three years and a “steady deterioration in standards of governance” over the past two decades

The Independent UK · Aug 1, 2023

August Stock Market vs. Big 3 Economic Reports

The new bull market is hand as the S&P 500 (SPY) moves ever closer to the all time highs. However, that doesn’t mean we can fall asleep at the wheel as the health of the economy is always part of the stock investment equation. As such let’s review the Big…

StockNews.com · Aug 1, 2023