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The Latest Breaking News from Economy

Trump calls his 50-year mortgage idea 'not even a big deal' while insisting 'the economy is the strongest it's ever been'

"It might help a little bit," Trump said of the 50-year mortgage plan, which has no details attached yet. His housing director called it a "game-changer."

Fortune

Bad wealth made good: how to tackle Britain’s twin faultlines of low growth and rising inequality

In the run-up to the 2024 election, future prime minister Keir Starmer labelled wealth creation Labour’s number one mission. “It’s the only way our country can go forward,” he declared. “We should nourish and encourage that – not just individuals but businesses.”

The Conversation

Trump reveals he has no idea how to pay the $10K he promised air traffic controllers who kept working through the shutdown

‘I always get the money from someplace regardless, it doesn’t matter,’ president tells Fox News host Laura Ingraham in latest interview as he dismisses public’s concerns about the economy

The Independent UK

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CEOs regain some confidence—but still keep a cautious hand on the wheel amid tariffs

The latest Fortune and Deloitte survey of CEOs shows optimism returning, though geopolitical risks remain a concern.

Fortune

6 Mistakes Boomers Are Making With Their Money in the Trump Economy

As economic uncertainty grows months into President Trump's second term, many baby boomers are making money moves that could jeopardize their retirement.

GOBankingRates

‘We have the greatest economy we’ve ever had’: Pollyanna Donald Trump delusional about economy, dubs consumer misery ‘fake’

Trump insists the economy is doing great. You must be imagining that it's bad.

We Got This Covered

I Asked ChatGPT What Would Happen If the Government Shutdown Lasted Until 2026: Here’s What It Said

A long federal shutdown could impact everything from GDP and stocks to unemployment and consumer spending. See ChatGPT’s projections and expert warnings.

GOBankingRates

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Stock Index Futures Slip on AI Caution

December S&P 500 E-Mini futures (ESZ25) are down -0.22%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.39% this morning, pointing to a lower open on Wall Street after yesterday’s rally amid renewed concerns over the valuations of some of the biggest beneficiaries of the AI boom.

Barchart

Fed Poised To Hold Interest Rates Steady As Economic Pressures Ease

Policymakers cut rates twice earlier in 2025 to cushion the economy from fiscal gridlock and slowing growth. With the shutdown resolved and key indicators improving, officials are likely to hold rates steady when they meet in December.

International Business Times

Rising unemployment could affect budget, interest rates, pay and more

Rachel Reeves will need to avoid depressing economy and hitting jobs while raising billions in extra tax

The Guardian - UK

London unemployment hits 11-year high as Reeves National Insurance rise batters pubs, shops and hotels

Grim jobless figures make a December interest rate cut from the Bank of England a near certainty

Evening Standard

Italian companies operating in Russia funnel €1 billion in taxes to the Kremlin war machine

Since the full-scale invasion of Ukraine in 2022, Italian companies paid over €1 billion in taxes to Russia, half of which went to military spending to finance the ongoing destruction of Ukraine.

Euronews

Delhi Blast Revives FATF Fears Over E-Commerce and Online Payment Abuse in Terror Financing

The Delhi blast underscores terror financing risks linked to e-commerce and online payments, putting India's digital economy and UK-India cooperation at risk.

International Business Times UK

Shutdown to leave mark on US economy from lost paychecks, canceled flights

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy

The Independent UK

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Barchart

Stocks Finish Sharply Higher on Plans to Reopen the US Government

The S&P 500 Index ($SPX ) (SPY ) on Monday closed up +1.54%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.81%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.20%. December E-mini S&P futures (ESZ25 ) rose +1.56%, and December E-mini Nasdaq futures...

Saving Advice

If the Economy Collapses Tomorrow, Would You Be Ready?

It’s a question most people avoid, but one that’s becoming harder to ignore. With rising inflation, global instability, and mounting debt, the possibility of an...

The Conversation

Green finance was supposed to contribute solutions to climate change. So far, it’s fallen well short

A decade ago, a seminal speech by Mark Carney, then governor of the Bank of England and current Canadian prime minister, set out how climate change presented an economic risk that threatened the very stability of the financial system.

The Conversation

Pollution, poverty and power: the real cost of environmental inequality in the UK

Environmental deaths in the UK are primarily attributed to air pollution, which the Royal College of Physicians estimates contributed to around 30,000 deaths in 2025, costing the economy billions each year. Other environmental risks include climate-related events such as extreme heat, which could cause tens of thousands of deaths annually,…

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Fortune

The K-shaped economy has come for your wages, as lower-income Americans sees their gains plummet to the weakest rate in a decade

A decade ago, low-income Americans saw the highest income growth, Apollo chief economist Torsten Slok said. Today, the opposite is true.

The Independent UK

Falling economy air fares bring some cheer amid gloom of flight cuts

Of the 10 busiest routes in the U.S., six have seen year-on-year price reductions

The Conversation

Why the 2025 federal budget won’t really make Canada strong

Canada’s 2025 federal budget, and those that follow in the coming years, may prove to be the most important since the beginning of the Second World War.

Evening Standard

Please Rachel, put businesses out of their misery and get on with the Budget

Businesses are paralysed by fear about costs, tax and the future. The economy is in suspension.

Barchart

Stocks Supported by Hopes the US Government Will Soon Reopen

The S&P 500 Index ($SPX ) (SPY ) today is up +1.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.55%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.81%. December E-mini S&P futures (ESZ25 ) are up +1.08%, and December E-mini Nasdaq futures...

The Independent UK

Scott Bessent plays the holiday grinch and warns of shutdown-related cargo shortages ahead of Christmas

Scott Bessent says the impact on the economy is going to get ‘worse and worse’ as the holiday season approaches

Barchart

Dollar Recovers Early Losses on Hawkish Fed Comments

The dollar index (DXY00 ) today is up slightly by +0.07%. The dollar recovered early losses today and turned higher after St. Louis Fed President Alberto Musalem said he expects the US economy to bounce back next quarter and there’s limited room for additional Fed rate cuts. Also, higher T-note...

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