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The Latest Breaking News from Economy

Eyeing Global Food Crisis, Beijing Revives Elements of Planned Economy

Beijing is promoting the development of supply and marketing cooperatives for agricultural products and state-run canteens as relations between China and Western democracies deteriorate.

The News Lens

New data shows the economy is going to slow significantly over the coming two years

ABS and CommSec data shows there are already signs of a slowdown as average household spending goes up 15 per cent in the past five years.

ABC News

Gretchen Whitmer wins a 2nd term as Michigan's governor

DETROIT — Democratic Gov. Gretchen Whitmer has won a second term in Michigan's top office, defeating Republican challenger Tudor Dixon after a heated race that focused on abortion rights and the battleground state's economy.

Tribune News Service

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Midterms 2022: 4 experts on the effects of voter intimidation laws, widespread mail-in voting – and what makes a winner

With control of Congress and statehouses at stake, voters across the nation headed to the polls on Election Day 2022. That was after more than 42 million people had already voted early or by mail. The Conversation asked four scholars to give us their initial observations on the voting, in…

The Conversation

Iowa Republican Gov. Reynolds reelected over Democrat DeJear

Republican Iowa Gov. Kim Reynolds won a second full term after campaigning on a record of tax cuts and conservative handling of the state’s economy

The Independent UK

Nouriel Roubini says it's 'mission impossible' for the U.S. to avoid a recession

History tells us a recession is all but guaranteed next year, and Dr. Doom warns it could combine the worst of two big economic crises in past decades.

Fortune

Gulf's B10.8bn Thaicom buyout raises eyebrows

Gulf Energy Development Plc, Thailand's biggest private power producer by market value, is pushing for the acquisition of satellite service provider Thaicom Plc for 10.8 billion baht as it explores new business opportunities in the space economy.

Bangkok Post

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Voters hold political fate of US in their hands as they cast midterm ballots

Voters across the US described a range of urgent concerns, from reproductive rights to anxieties about the economy and crime

The Guardian - US

The Fed is pushing the economy ‘quite unnecessarily’ into a recession, J.P. Morgan strategist says

A recession is likely next year, but it may have been avoidable.

Fortune

Fears Glasgow budget cuts will send city back to the 'dark ages'

With the city facing £119.4m in cuts, and around £12m of those set to fall on the city's environmental services there are concerns the impact could "wreck" the local economy.

Glasgow Live

3 Strong Stocks to Buy Before the Next Bull Market

The economy is showing resilience despite the Fed’s aggressive rate hikes. Moreover, Goldman Sachs’ top economist believes the economy might succeed in avoiding a recession. We think investors could buy fundamentally sound stocks Pfizer (PFE), Cisco Systems (CSCO), and United Parcel (UPS) before the next bull market. Read on….

StockNews.com

US Midterm elections: What are the key issues and what will vote mean for Biden and Trump?

John King, CNN Anchor & Chief National Correspondent, answers the big questions about the US Midterm elections

Evening Standard

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

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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

Newslaundry

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

Six years ago today, India experienced an economic earthquake.

The Independent UK

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

StockNews.com

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…

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The National (Scotland)

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.

Tribune News Service

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.

Fortune

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.

The Independent UK

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

Chicago Sun-Times

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.

The Texas Tribune

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.

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