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The Latest Breaking News from Economy

Peter Schiff Mocks Trump's 'Booming' Economy Claim As Fiscal Deficit Balloons To $291 Billion In July

The U.S. government’s fiscal deficit ballooned to $291 billion in July, a nearly 20% jump from the previous year, triggering sharp criticism from prominent economic and political commentators.

Benzinga

I Asked ChatGPT If I Need a Side Gig To Survive in This Economy

Life is expensive. So I turned to my artificially intelligent companion (ChatGPT) and asked real, hard questions about how to survive in this economy.

GOBankingRates

Get rich quick: Vietnam wants to become Asia's next 'tiger economy' - here's how

Vietnam wants to follow in the footsteps of Taiwan and South Korea, but focusing on one single industry is no longer viable to build a strong and resilient economy.

Euronews

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Politics with Michelle Grattan: Jim Chalmers wants roundtable to ‘crack open’ the challenge of slow housing approvals

The Reserve Bank’s rate cut this week will help relieve many mortgage holders, but it wasn’t all positive news from the bank. It also underscored the serious productivity and economic growth challenges facing the Australian economy.

The Conversation

US National Debt Hits Historic $37 Trillion, Surpassing Pre-Pandemic Projections—'Piling Up At A Rapid Rate,' Warn Economists

The U.S. national debt has reached an all-time high of $37 trillion, as reported by the Treasury Department. This staggering figure highlights the growing debt burden on the American economy and its taxpayers.

Benzinga

Lagos summit weighs AI ambitions against Africa’s tech infrastructure gap

Nigeria is hosting one of Africa’s biggest tech gatherings on Tuesday, with debates ranging from Wolof-speaking chatbots to medical algorithms. The ambition is to harness artificial intelligence to transform economies – but patchy internet, unreliable electricity and low investment remain major obstacles.

Radio France Internationale

Warning signs in Europe's job market: Workers now brace for tariff effects

With tariff rates and their effects on the European economy swinging sharply over the past few months, Euronews Business looks at how this could affect employment across the continent.

Euronews

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Vietnam wants to be the next Asian tiger and it’s overhauling its economy to make it happen.

Vietnam is launching its biggest economic overhaul in a generation, aiming to become Asia’s next “tiger economy.”

The Independent UK

German Gas Drive Fuels Fears Of Climate Backsliding

Germany's conservative-led government has launched a drive to rapidly build more gas-fired power plants, fuelling fears about climate policy backsliding and sparking unease even within its own ranks.

International Business Times

China’s crackdown on lavish civil servant perks will ‘harm’ the economy, experts warn

Updated regulations ban the country’s 40 million civil servants from lavish banquets, and restrict them from overseas travel for ‘personal leisure’

The Guardian - AU

Is MAGA going Marxist and Maoist? Trump's assault on free-market capitalism

Many business leaders are horrified at the prospect of New York City turning socialist under Zohran Mamdani, but Trump's assaults on free-market capitalism make him look like John D. Rockefeller.

Fortune

Options Corner: How To Turn The Airbnb Post-Earnings Panic Into A First-Class Upgrade

One of the drawbacks of success is that investors want more. In many ways, online homestay marketplace Airbnb Inc (NASDAQ:ABNB) revolutionized the lodging industry. In a stable sector, the company successfully integrated its business model into the sharing economy. This groundbreaking strategy has eventually led to strong earnings performances. Unfortunately,…

Benzinga

Stocks Say No Recession: S&P 500 Earnings Crush Expectations

If you're convinced that record-high stock prices signal irrational valuations or that the U.S. economy is heading straight for a downturn, the latest corporate quarterly results might make you reconsider.

Benzinga

Trump threatens to sue the ‘loser’ he appointed for saving the economy from complete devastation

It's like Trump is trying to crash the economy on purpose.

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Latin Times

Cuban Peso Drops To All-Time Low As Economic Crisis Shows No Sings Of Abating

The Cuban peso reached a new all-time low on Monday as a partial dollarization of the economy continues

Grocery Coupon Guide

What Happens When Your Favorite Brand Is Bought by a Hedge Fund?

It is a story that has become all too common in the modern economy. A beloved, established brand is acquired by a private equity firm or a hedge fund in a massive buyout. The new owners promise to “unlock value” and “create efficiencies.” For the loyal customers of that brand,…

Fortune

Trump threatens legal action against Powell over Fed HQ, demands immediate rate cuts as inflation holds steady

Trump returned to his sharp critiques of the Fed chair, saying: “Jerome ‘Too Late’ Powell must NOW lower the rate” after the inflation report came in a bit cooler than expected.

International Business Times

US Consumer Inflation Holds Steady But Tariff Worries Persist

Consumer inflation in the United States held steady in July, data showed Tuesday, but underlying price increases picked up as President Donald Trump's sweeping tariffs ripple through the world's biggest economy.

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Benzinga

21-Year-Old Asks Economists 'Did Boomers Ruin The Economy?' — Or Is His Mom Right, Young People Are Poor Because They Don't Want to Work a 9-to-5

Every generation gets a label, a reputation, and—if they're lucky—a catchy insult. Millennials were accused of "killing" everything from department stores to mayonnaise. Gen X got called slackers. And boomers? Well, lately they've been cast as the villains of the modern economy.

GOBankingRates

4 Recession-Proof Money Habits for 2025 and Beyond

Want to stay financially strong in any economy? These recession-proof money habits for 2025 and beyond can help you save, invest and thrive.

Benzinga

July Inflation Brings A Mixed Bag As Tariff Impact Remains Muted

Inflation data for July delivered a split message for markets — headline price growth cooled, but underlying inflation came in hotter than expected, suggesting President Donald Trump's tariff wave has yet to create a broad price shock in the economy.

Evening Standard

Reeves concedes Government has ‘more to do’ as unemployment at four-year high

The Chancellor insisted Labour had been ‘creating more jobs’ since entering office despite vacancy numbers declining over the last quarter.

The Independent UK

Amazon and eBay must report electronics sold in UK under new recycling rules

Foreign companies selling electronics to British shoppers via online platforms like Amazon and eBay will have to start contributing to e-waste costs.

Evening Standard

OPINION - This secret 'tax' is putting tourists off spending their money in the UK

Walk down any of London’s shopping streets today and you’ll notice something missing – not the designer shops or beautiful window displays, but the international tourists. The visitors who once spent freely in our stores, stayed in our hotels, dined in our restaurants and enriched the whole economy are no…

The Guardian - AU

Risks of climate crisis to Australia’s economy and environment are ‘intense and scary’, unreleased government report says

Sources say delayed risk assessment includes modelling of effects of climate crisis in ways that have been little discussed in political debate so far

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