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The Latest Breaking News from Economy

Inflation spiked in August as Trump’s tariffs went into full effect ... and that’s not all the bad news for economy

Increases in the costs of food, shelter and energy caused inflation to spike and increase the likelihood of an interest rate cut

The Independent UK

Inflation And Unemployment Are Soaring–And The Fed Is Now Trapped

Thursday's economic releases revealed an unusual mix of rising prices and a spike in jobless claims — a toxic cocktail that thrusts the U.S. economy into a stagflationary environment and places the Federal Reserve in one of the toughest positions a central bank can face.

Benzinga

European Central Bank leaves key deposit rate unchanged at 2%

As analysts widely expected, the European Central Bank kept its benchmark interest rate untouched on Thursday. This comes as the eurozone economy shows signs of resilience and inflation remains close to the ECB’s 2% target.

Euronews

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When ‘sustainable’ fashion backfires on the environment

The circular economy – the idea of “reduce, reuse and recycle” – has long been promoted as one solution to the environmental crisis. Instead of the old “take, make, use, throw away” model, it aims to keep materials in play for as long as possible.

The Conversation

European Central Bank expected to keep rates on hold as economy weathers Trump's tariffs

Inflation is back under control, and the European economy is weathering Trump’s tariff onslaught better than expected

The Independent UK

The 'Great Lock-In' is more than a Gen Z TikTok trend—it's a rejection of millennials' 'soft life' and taking back power in this economy

Remember when "hustle culture" was a thing, then generation burnout? That's such a millennial way of looking at things.

Fortune

Washington to Westminster: US Deniers Steer Nigel Farage Climate Agenda, Risking £200bn Green Sector Collapse

Nigel Farage's Reform UK, steered by Heartland Institute climate deniers, threatens net zero goals and £200bn green sector jobs. 2025 data warns of collapse

International Business Times UK

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Chancellor says economy ‘stuck’ as Treasury reviews business rates cliff edges

The Treasury said it would consider overhauling small business rates relief rules which ‘can discourage’ expansion and investment

Evening Standard

Rachel Reeves admits economy is ‘stuck’ as she confirms business rates overhaul

British Retail Consortium said the business rates system is ‘outdated, overly complex and economically damaging’

The Independent UK

France Political Crisis Looms Over ECB Meeting

France's political crisis will likely take centre stage at a European Central Bank meeting Thursday, with turmoil in the eurozone's second-biggest economy causing a fresh headache for policymakers.

International Business Times

PayPal Crypto Executive Steve Everett Calls Startup's Stablecoin-Powered Agent Network A 'Killer Combination' For Global Commerce

PayPal (NASDAQ:PYPL) is betting that a "killer combination" of stablecoins and blockchain-based infrastructure can unlock a new machine-driven economy.

Benzinga

Trump Approval Rating Falls To 2025 Lows After Jobs Report: View On President's Economy Hits Record Lows

Voter confidence in President Donald Trump dropped after the latest jobs report, as a slowing labor market comes amid record highs for the stock market.

Benzinga

Jamie Dimon gives pessimistic outlook on US economy and says full impact of Trump tariffs hasn’t happened yet

Economy ‘weakening’ though recession isn’t certain, JPMorgan’s Dimon says

The Independent UK

The Great Fed Pivot Is Here—Jeremy Siegel Backs Sub-3% Rates Ahead

The Federal Reserve's long-awaited pivot toward easing monetary policy is almost here, with a September interest-rate cut now "a near certainty", according to Jeremy Siegel, Wharton professor emeritus and WisdomTree chief economist.

Benzinga

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Benzinga

Singapore To Buy Boeing P-8A Aircraft As Tariff Pressures Mount On Trade-Dependent Economy

Singapore's Defence Minister Chan Chun Sing told U.S. Secretary of War Pete Hegseth at the Pentagon on Sept. 10 that the country will acquire four Boeing Co. (NYSE:BA) P-8A maritime patrol aircraft to strengthen its maritime security capabilities.

Fortune

Jamie Dimon says economy is 'weakening' but even he can't make sense of all the different data: 'Maybe, one day, AI will fix that problem'

The economy produced nearly a million less jobs than first thought. "Whether that is on the way to recession or just weakening, I don’t know," Dimon told CNBC.

The National (Scotland)

Here's what we should replace GERS with, and why

This year's GERS figures put Scotland’s public sector deficit figure at £26.2bn, up from £21.4bn the previous year. Maybe there is no one to…

International Business Times

US Economy Weaker Than Thought As Jobs Revised Down By 911,000

The benchmark revision slashed employment gains by nearly one million, suggesting that hiring had been far weaker than policymakers, investors and businesses previously believed.

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Benzinga

Lucy Guo, Billionaire Behind Scale AI, Launches Passes For Celebs Like Olivia Dunne And Bella Thorne To Transform Creator Economy

Lucy Guo, the 30-year-old billionaire who co-founded Scale AI with Alexandr Wang, is now focusing her energy on a new business in the crowded creator subscription market.

Fortune

Jamie Dimon isn’t convinced by the market’s theory that huge job revisions aren’t a recession indicator

“Hopefully things will be okay, but you do see that kind of weakening,” he said.

Benzinga

Jamie Dimon Warns Of 'Weakening' US Economy, But Doesn't 'Know' Whether Its Nearing Recession: 'Have To Wait And See'

JPMorgan Chase CEO Jamie Dimon has expressed concerns about the U.S. economy, following a significant revision in the Labor Department’s job data.

Al Jazeera

US firms in China most pessimistic since 1999, survey says

Just 41 percent of US firms optimistic about the five-year business outlook in China, chamber of commerce says.

The Independent UK

Trump polls higher on immigration and crime than on the economy

IN FULL

The Independent UK

New poll shows Trump losing ground in overseeing the economy with a majority now disapproving

The poll comes amid grim job numbers, showing the economy added just 22,000 jobs in August

Evening Standard

New Business Secretary Peter Kyle to reopen UK-China trade talks in Beijing

Mr Kyle’s trip forms part of the UK Government’s drive to revive UK-China trade ties and boost the British economy.

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