Risks of UK housing crash rising by the day as fixed-rate mortgage deals end The tipping point for the economy could come if fixed-rate mortgages rise above 7% The Guardian - UK · Jul 4, 2023
People are finally waking up to the truth about our economy This is the latest newsletter from Scotonomics. To receive the email direct to your inbox every Tuesday for free, click here. The National (Scotland) · Jul 4, 2023
North East business leader urges Chancellor to 'kickstart' region's economy Chamber of Commerce chief executive John McCabe was meeting Chancellor Jeremy Hunt alongside other business leaders Birmingham Post · Jul 4, 2023
OPINION - West End Final: The economic indicator that says we’re headed for recession At roughly $3 trillion, the UK economy is large and contains multitudes. Not as massive as it might have been as a result of Brexit, Covid-19 and Russia’s invasion of Ukraine, but enough to rank sixth in the world. Evening Standard · Jul 4, 2023
3 China Stocks Showing Great Value With the easing of restrictions, China’s economy is expected to witness significant growth this year. Therefore, investors could consider buying China stocks FinVolution (FINV), LexinFintech Holdings (LX), and Tarena International (TEDU), which are currently trading at a discount. Keep reading. StockNews.com · Jul 4, 2023
America needs a new vision for road travel Road travel is often the only option for millions of Americans, writes MGM Resorts CEO Bill Hornbuckle. Fortune · Jul 4, 2023
Rishi Sunak faces grilling by MPs on 5 pledges – can PM boast of progress? PM will be questioned by committee six months on from big promises on economy, NHS and small boats The Independent UK · Jul 4, 2023
Retailers beware: Resumption of student loan payments could lead some buyers to pull back The reprieve is over The Independent UK · Jul 4, 2023
Here are the 5 things to know about the state of the economy this Independence Day As the U.S. celebrates its birthday with hot dogs and fireworks, the economy continues to grow, the job market is strong, but inflation and rising interest rates are keeping recession fears alive. WEKU · Jul 4, 2023
Rishi Sunak's five pledges six months on - from NHS waits to small boats crisis Rishi Sunak is scrambling to turn around the Tories' fortunes but time is running out for him to deliver on his 'five priorities' for Government ahead of the next general election - see how he's fared Daily Mirror · Jul 4, 2023
Riots leave France with ‘250 million euro bill’ as economy counts cost of unrest Tourism sector professionals have joined politicians in warning that the clean-up would cost multi-millions Evening Standard · Jul 4, 2023
Afternoon Update: RBA warns of more rate hikes; dogs rescued from ‘horrific conditions’; and Australia records 7th-warmest June Cash rate pauses at 4.1% but governor says further rate rises are possible depending on the economy and inflation The Guardian - AU · Jul 4, 2023
Mortgage crisis shows once again that the Tories are not fit to run the country Amid spiralling mortgage costs, a tanked economy and rising food and energy costs, Record View urges Scots to give the Tories the boot at the next election. Daily Record · Jul 4, 2023
Better care for locals and the ocean to make Indonesia's blue economy more viable The world depends on the ocean to meet increasing demands for food, income, energy and minerals and transportation. However, marine ecosystems face serious challenges from over-exploitation, extraction, pollution, loss of biodiversity and climate change. The Conversation · Jul 4, 2023
StockNews.com · Jul 3, 2023 Are Stock Fireworks OVER After July 4th? The S&P 500 (SPY) has soared through the first half of the year. Even more impressive are the tech stocks in the Nasaq having a stellar first act on the year. But that is then...and this is now. That is why investment veteran, Steve Reitmesiter, shares his latest views on…
Fortune · Jul 3, 2023 American manufacturing just slumped to its lowest level in 3 years. Jefferies says the sector is 'still mired in recession' The ISM Manufacturing Purchasing Managers’ Index fell to 46 last month from 47.1 in May, its lowest point since May 2020.
Fortune · Jul 3, 2023 Americans say the death of student debt forgiveness plan is a blow to the middle class "Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."
The Independent UK · Jul 3, 2023 What's 'Bidenomics'? The president hopes a dubious nation embraces his ideas condensed into the term President Joe Biden has long struggled to neatly summarize his sprawling economic vision
The Independent UK · Jul 3, 2023 Scottish minister calls on UK Government to scrap ‘abhorrent’ strike Bill Wellbeing Economy minister Neil Gray hit out at the Bill which would give ministers the power to impose minimum service levels during strikes.
Axios · Jul 3, 2023 A mid-year assessment for the U.S. economy So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.
StockNews.com · Jul 3, 2023 3 China Stocks to Buy Before They Rebound With the lifting of mobility restrictions and a surge in spending on services, the Chinese economy is rebounding. Therefore, this could be the right time to scoop up shares of fundamentally strong China stocks Yum China (YUMC), Vipshop (VIPS), and Hello Group (MOMO). Read on.
Birmingham Post · Jul 3, 2023 County Durham tourism economy tops £1bn for first time, new figures show The county is part of a scheme to grow the North East's tourism sector, in the hope of creating hundreds of new jobs
Fortune · Jul 3, 2023 'The global economy is due for a reality check,' warns the central banks‘ bank The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.
Tribune News Service · Jul 3, 2023 Conor Sen: Squeezed homebuyers are just what the economy needed The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.
Daily Mirror · Jul 3, 2023 Tory wrecking ball Liz Truss to launch worldwide task force on the economy The flash-in-a-pan former PM will head a new Growth Commission, made of economists from around the globe, in a bid to address a "stagnation loop" facing the West