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The Latest Breaking News from Economy

Taxing banks' excessive profits – be careful what you wish for

Hard-working New Zealanders will suffer the consequences of bank windfall taxes: higher interest rates, monetary policies frustrated, and a weaker financial system.

Newsroom.co.nz

US voters from around the country outline their key issues in midterms

From abortion and gun control to white supremacism and the economy, these matters are top of mind in midterms

The Guardian - US

Americans in battleground states on why they’re voting: ‘I fear I won’t have rights’

From women’s rights to the economy, hear what’s driving voters in Georgia, Nevada and Ohio to the polls

The Guardian - US

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Demonetisation at 6: The idea, the objectives, and the post-event justifications

Six years ago today, India experienced an economic earthquake.

Newslaundry

Cop27: Lula brings Brazil back into climate fold with pledge to save Amazon

Expectations are high for Brazil’s newly elected president to reverse years of climate damage

The Independent UK

4 Stocks That Deserve a Spot in Your Portfolio

While inflation remains a major concern, Goldman Sachs’ top economist still sees the chances of the economy avoiding a recession. However, amid prevailing uncertainties, we think fundamentally strong stocks Johnson & Johnson (JNJ), Volkswagen (VWAGY), Stellantis (STLA), and Core Molding Technologies (CMT) might be worth adding to your portfolio. Continue…

StockNews.com

Scottish economy up for £22 billion boost in drive to reach net zero

SCOTLAND is up for a £22 billion boost to its economy in its drive to meet net zero, a new report has found.

The National (Scotland)

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Widening tech, biotech job cuts could jolt broader Bay Area economy: experts

SAN JOSE, Calif. — Bay Area tech and biotech companies have recently revealed plans to chop thousands of jobs, layoffs that raise the specter that these cutbacks might haunt the region’s broader economy.

Tribune News Service

How abortion and the economy will affect today's midterms

The economy and abortion are top concerns for voters in Tuesday's midterm elections. But women's poll turnout may influence who's appointed in several key races.

Fortune

Midterm spending hits record $17bn as parties blame each other over the economy

‘We’re seeing record-breaking totals spent on elections up and down the ballot,’ campaign finance watchdog exec says

The Independent UK

New Mexico votes for governor on concerns of crime, abortion

Democratic Gov. Michelle Lujan Grisham is seeking a second term in Tuesday’s election on promises to defend access to abortion and sustain social spending as Republican challenger Mark Ronchetti urges new approaches to crime and the economy

The Independent UK

South Texas, Abbott vs. O’Rourke, and Harris County: Here are the biggest things to watch for on election night

While the GOP focuses on the border and economy under President Joe Biden, Democrats are hoping to prove polls and political forecasters wrong by tapping into anger over the overturning of Roe v. Wade and the Uvalde school shooting.

The Texas Tribune

Governor’s race between Pritzker and Bailey ending, marked by history and hostility

The 19-week tangle between Democratic Gov. J.B. Pritzker and Republican state Sen. Darren Bailey was shaped by fights over abortion, political extremism, crime and the economy. Insults flew from the onset.

Chicago Sun-Times

Editorial: Extend child tax credit now

Lobbyists are lining up to push Congress to approve more corporate tax breaks before Jan. 1, including extending deductions for research and development. Supporters argue that U.S. businesses need such incentives to keep the nation competitive in the world economy.

Tribune News Service

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Insider UK

Net zero drive 'could be worth £22 billion' to Scottish economy

New report estimates Scotland requires 109% growth in number of SMEs providing retrofitting services to reach net zero targets

The Guardian - US

Biden makes final plea for high-stakes midterms: ‘Next year will shape our lifetimes’

In his final speech before election day, the president attacked Republicans on the economy but also offered a hopeful note

Reuters

China's super-rich see fortunes plunge as economy slows

China's super-rich saw their wealth tumble by the most in over two decades this year, as the Russia-Ukraine war, Beijing's zero-COVID measures and falling mainland and Hong Kong stock markets pummelled fortunes, an annual rich list said on Tuesday.

Bangkok Post

PM welcomes new US ambassador

Robert F Godec, the new United States ambassador, paid a courtesy call on Prime Minister Prayut Chan-o-cha on Monday in a meeting that resulted in both sides agreeing to strengthen ties across various fields such as the economy, according to government spokesman Anucha Burapachaisri.

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Chicago Sun-Times

Work on parking garage for O’Hare international terminal will cause traffic delays, city warns

Travelers are urged to allow for extra time if parking at Lot D, next to the international terminal. Other options include Economy Lot F, which connects to the terminal via the Airport Transit System, also known as the people mover.

Benzinga

Excited Mr. Wonderful Is Craving Political 'Gridlock' To Help Avoid 'Horrific Policy Mistakes'

Kevin O’Leary, aka Mr.

StockNews.com

3 Attractively Priced Stocks to Buy This Week

The Fed’s continued hawkish monetary policy stance has raised fears of an impending recession. Despite the market pressure, the U.S. GDP saw a positive turnaround in the third quarter of 2022, indicating a resilient economy. Amid this scenario, we think investors should buy fundamentally sound stocks Abbott Laboratories (ABT), Verizon…

StockNews.com

2 Stocks to Buy if You're Looking to Make Passive Income

Despite rampant macro headwinds, job growth in October surpassed estimates. Moreover, President Joe Biden remains confident that the country's economy will rebound shortly. Investors looking to make passive income could now add quality dividend stocks Pfizer (PFE) and PepsiCo (PEP) to their portfolios. Keep reading….

Bangkok Post

Entrepreneurial state must lead on climate woes

In recent weeks, several members of the Glasgow Financial Alliance on Net Zero -- a group of 450 financial institutions -- have quit over concerns about the cost of delivering on their climate commitments. In dropping out, they have given the lie to the notion that private financial institutions can…

Bangkok Post

Thailand, Laos ink MoU covering post, digital tech

The Ministry of Digital Economy and Society (DES) on Monday entered into a memorandum of understanding (MoU) agreement with the Ministry of Technology and Communications of Laos to collaborate in the postal, digital infrastructure development, ICT and e-commerce fields for eight years.

The Guardian - UK

Large tax rises from Jeremy Hunt ‘could put UK at risk of deeper slowdown’

Such a move may force Bank of England to rethink interest rates approach, says its chief economist

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