The Latest Breaking News from Economy

Larry Summers Sees Need For More Tightening Despite Soft June Jobs Data

Former Treasury Secretary warns of inflation risk and suggests further interest rate hikes.

Zenger · Jul 11, 2023

SRE Stock: A Smart Investment as the Market Rotates Away From Risk

With public utility Sempra Energy tied to a lucrative piece of the California economy, SRE stock represents a smart buy ahead of potential uncertainty in the market.

Barchart · Jul 11, 2023

Beware: The same old economic systems are masquerading as new frameworks

Do you know your circular economy from your just transition? How about your green growth from your degrowth? Over the summer, SCOTONOMICS will…

The National (Scotland) · Jul 11, 2023

Chart: Why homeowners weren't crushed by the Fed's rate-hiking campaign

It's one reason the U.S. economy has so far proved resilient amid rapid interest rate hikes.

Axios · Jul 11, 2023

What’s causing China’s deflation crisis?

China’s economy is teetering on the brink of a deflation crisis as its recovery from the pandemic stalls.

The Week · Jul 11, 2023

There’s a hidden recession red flag hidden in the latest jobs report, according to two top economists

Once you strip out the growth in government jobs, the private job creation numbers are feeble, and getting more so.

Fortune · Jul 11, 2023

FTSE 100 Live: ‘Pressure to increase interest rates intense’, mortgage rates at 15-year high, shares down

Unemployment and wage growth both unexpectedly rose today, fuelling fears of stagflation in the UK economy.

Evening Standard · Jul 11, 2023

A mining company is hunting for lithium — right on the edge of wildlife refuge

LAS VEGAS -- The modern-day gold rush in the race to a greener economy is knocking on the door of a long-protected oasis in the middle of the Nevada desert.

Tribune News Service · Jul 11, 2023

Rising mortgage rates will cause ‘financial stress’, MPs hear, as two-year fixed rates hit 15-year high – as it happened

Treasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008

The Guardian - UK · Jul 11, 2023

Ministry unveils platform targeting online scammers

The Digital Economy and Society (DES) Ministry is set to launch the Central Fraud Registry as an automated solution to fight scams and address illegal transactions, fraud and mule accounts.

Bangkok Post · Jul 11, 2023