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The Latest Breaking News from Economy

Keir Starmer says Labour ‘kept to our manifesto’ over budget tax rises

PM seeks to rebuff claims government broke its promises while conceding budget ‘asked everybody to contribute’

The Guardian - UK

Fed Governor Stephen Miran Reportedly Says He Won't 'Inflict Real Harm' On The Economy Just To Prove A Point — Pushes For A Rate Cut

Federal Reserve Governor Stephen Miran signaled his willingness to support the Fed’s decisions if it pursues another interest rate cut, instead of issuing another symbolic dissent as he has in the past.

Benzinga

Elon Musk's South African Roots Contradict His 'Hard Truth' on Immigration Amid Trump Talent Push

Billionaire Elon Musk's endorsement of a controversial 'hard truth' on immigration clashes with his South African roots and the US economy's need for skilled foreign talent.

International Business Times UK

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Reeves’s tax-raising budget is crash-landing on an economy that is struggling for growth

Bond vigilantes may be reassured but the jury is out for households and businesses

The Guardian - UK

A 'Magnificent' Rally Raises Both Intrigue And Questions For Direxion's QQQU, QQQD ETFs

On the surface, the headlines largely speak for themselves. In late October, the total market capitalization of the Magnificent Seven — a group of elite tech juggernauts — jumped past the $22.2 trillion level. Leading the surge was semiconductor giant Nvidia Corp. (NASDAQ:NVDA), which crossed the $5 trillion valuation mark…

Benzinga

I Asked ChatGPT What Would Happen to the Economy If Holiday Spending Dropped by 50%

Nobody predicts that holiday spending will drop 50% -- or even anywhere close to that. But what would happen if the economy did experience such a decline?

GOBankingRates

Live: Reeves asks ‘everyone to make contribution’ in Budget tax threshold freeze

The OBR has apologised after the unprecedented early release of its economic and fiscal outlook document ahead of the Budget.

Evening Standard

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Simon Harris responds to warning Ireland is budgeting ‘like there’s no tomorrow’

The Irish Fiscal Advisory Council (IFAC) issued the warning a week after Mr Harris became Finance Minister.

The Independent UK

Scott Bessent Rejects 'AI Bubble' Fears, Cites Broadening CapEx, Manufacturing Growth

Treasury Secretary Scott Bessent on Tuesday dismissed fears that the U.S. economy has become dangerously addicted to artificial intelligence (AI) spending, arguing instead that investment is poised to broaden into a wider industrial resurgence.

Benzinga

EU should stop discussing and move forward with Ukraine reparations loan, Dombrovskis tells Euronews

In an interview with Euronews' flagship morning show Europe Today, European Commissioner for Economy and Productivity Valdis Dombrovskis said that the EU should stop discussing the options to finance Ukraine and proceed with using Russian frozen assets.

Euronews

Dan Ives Drops His 'Top 10' Tech Stocks To Own 'In The AI Revolution' — Here Is The Full List

Wedbush senior analyst Dan Ives has published his “Top 10” tech stocks he believes are best positioned to lead “the AI revolution,” outlining why each company stands out as artificial intelligence becomes the global economy’s defining growth driver.

Benzinga

Europe Today: Valdis Dombrovskis, EU Commissioner for Economy, reacts to Ukraine's peace plan

Tune in to Euronews' new daily live programme “Europe Today” at 8 am Brussels time. In just 15 minutes, we get you up to speed on everything happening across the continent.

Euronews

Rachel Reeves says public ‘angry at unfairness’ in economy ahead of Budget

The Chancellor said the Government had started to see results in the past year.

Evening Standard

Fresh rate cut likely the last as NZ looks to recovery

New Zealand hopes to strengthen its economy with a fresh rate cut while boosting business and consumer confidence in what could be the last move for a while.

AAP

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Fortune

‘Dr. Doom’ Nouriel Roubini breaks with the crowd on the AI bubble, saying the U.S. is headed for a ‘growth recession’ and not a market crash

“The now common view,” according to the NYU Stern School of Business professor emeritus, “is incorrect over the medium term.”

Fortune

‘Just enough to spend, not enough to splurge’: The low-hire labor market bites for Gen Z and lower-income Americans, JPMorgan finds

Workers ages 50–54 are experiencing negative real income growth, year over year, so reality bites for Gen Xers in the 2025 economy, too.

Benzinga

'Two-Speed Economy'–Luxury Cruise Executives Say The Wealthy Have 'Great Jobs, Bank Accounts' & Low-Income Households Struggle To Afford Essentials

Concerns are growing in the U.S. about a K-shaped economy, where wealthier households continue to earn and spend more, while lower-income groups struggle to keep up.

Evening Standard

London visitors to pay tourist tax under Rachel Reeves Budget plans

Rachel Reeves, who is set to deliver her Budget on Wednesday, has signed off measures that will give English cities and regions the power to charge tourists

Get all your
news in one place.

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The Independent UK

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

U.S. consumers were much less confident in the economy in November in the aftermath of the government shutdown and amid weak hiring and stubborn inflation

The Guardian - UK

Rebuilding ‘human-made abyss’ in Gaza will cost at least $70bn, UN says

Report says Israel’s operations ‘significantly undermined every pillar of survival’ and reduced the economy by 87%

Euronews

Paris on alert as China’s JD.com targets French retailer Fnac Darty

Chinese e-commerce giant JD.com’s decision to take a stake in retailer Fnac Darty has revived French government concerns about China’s growing influence in Europe.

The Independent UK

Christmas sandwiches have become unhinged – so why does Britain keep buying them?

COMMENT: They’re overpriced, structurally unsound and weirder by the year, yet we buy them anyway. Hannah Twiggs investigates the runaway Christmas-sandwich economy, the cold-roast physics behind them and why your pick reveals more about you than it should

The Independent UK

A lighter Santa’s sleigh: Two out of five Americans plan to spend less this holiday season amid economic uncertainty

Around a third of Americans think the US economy will get worse in 2026

The Guardian - UK

UK can create 5,400 jobs if it stops plastic waste exports, report finds

Campaigners say closure of loophole making it cheaper to export rather than recycle will boost circular economy

The Guardian - UK

UK sugar tax to be extended to more soft drinks and milkshakes; markets rally ahead of the budget – as it happened

Government sets out plans to lower the threshold within the Soft Drinks Industry Levy to 4.5g per 100ml, down from 5g

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