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The Latest Breaking News from Economy

Why More Americans Are Building a “Mini Emergency Fund” in 2026—And How $500 Can Change Everything

For years, financial experts have encouraged households to save three to six months of expenses for emergencies. While that remains a worthwhile goal, many Americans in 2026 are taking a more achievable first step by creating a mini emergency fund. Instead of trying to save thousands of dollars immediately, people…

Beating Broke

California’s Economy Runs on Labor Trump Wants to Deport

Undocumented workers help fund public services, fill essential jobs and generate billions in economic activity, study finds.

Capital & Main

The practice of forced labour hides in plain sight

Thailand hosts about 4.1 million migrant workers, registered and unregistered alike. They build buildings, staff factories, harvest fields, crew fishing boats and tend homes. They keep labour costs competitive and fill shortages that no domestic workforce can. Without them, Thailand's economy would falter.

Bangkok Post

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Resale homes take larger market share

Second-hand homes have become more popular among Thai homebuyers since the pandemic, with their share of both transaction volume and value increasing as new home transfers declined, reflecting weaker purchasing power amid a slowing economy.

Bangkok Post

Poison or poverty: the impossible economic choices facing Ghana’s e-waste workers

Agbogbloshie, in Ghana’s capital city, Accra, is a sprawling, open-air scrapyard located next to a lagoon and a growing informal settlement. Roughly 6,000 people dismantle, recycle and burn old and broken electronics there.

The Conversation

The US just had its highest number of people file for unemployment benefits since the Iran war started

The war in Iran has injected significant uncertainty into the broader US economy and its labor market

The Independent UK

France's ban on Israeli weapons at Eurosatory 'shameful', says economy minister

Speaking to FRANCE 24, Nir Barkat, Israel's economy minister called France's decision to ban Israeli offensive weapons from the Eurosatory defence fair "shameful", warning that Israel would "bypass France" to reach its customers. He argued Israel had "no choice but to eliminate" Iran's capabilities, and said he preferred "to be…

France 24

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10,000 Boomers a day, $39 trillion in debt, and no benefit cuts: Bessent stakes Social Security on the Trump economy

Bessent vowed, "the senior citizen does not not pay more taxes and the senior citizen does not get less benefits." Meanwhile the trust fund is going broke.

Fortune

The Economy Is Growing. So Why Are Workers Getting Less of It Than Ever?

Workers are now receiving just 53.7% of U.S. economic output — the lowest labor share since 1947. New BLS data shows productivity is rising while real wages fall, raising hard questions about who the modern economy works for.

International Business Times

I Deliver Parcels in Beijing by Hu Anyan audiobook review – a grim life in China’s gig economy

This memoir of a man who moved around China chasing low-paid work for 20 years is an indictment of a shocking system, read in a suitably austere way

The Guardian - UK

I bought peptides with crypto. How my purchase helped fuel a $100 million gray-market, ‘looksmaxxing’ economy

Some of the China-based sellers have pivoted from fentanyl to peptides.

Fortune

Fed Warns Iran Conflict Is Driving 'Strong' Inflation Across America, And Your Grocery Bill Could Be Next

The Federal Reserve's Beige Book reveals rising US inflation due to energy costs linked to the Iran conflict, impacting everyday expenses and consumer behaviour across the nation.

International Business Times UK

I drove the Hyundai Tucson Hybrid and Kia Sportage Hybrid for a week — here’s the SUV I recommend

The 2026 Hyundai Tucson Hybrid and 2026 Kia Sportage Hybrid are two hybrid SUVs that share the same platform, but there's one I'd recommend more.

Tom’s Guide

Europe is caught in a squeeze between the US and China

The European Union (EU), along with the other major countries in Europe, should be a geopolitical force to be reckoned with. In 2024, the EU was the second-largest economy in the world after the US and before China.

The Conversation

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The Economic Times

Parliament panel meeting discusses concerns over rupee, sluggish private investment

Members of a parliamentary committee voiced concerns about the rupee's decline and slow private investment. The government stated India's economy is strengthening despite global headwinds. Discussions covered inflation, international conflicts, and industrial protectionism. The committee will propose recommendations to address these economic challenges. Household savings and government investment are rising,…

The Guardian - US

Why is ‘doomspending’ on the rise?

If everyone is spending like there won’t be a tomorrow, there probably won’t be a tomorrow

The Economic Times

NFO Alert: Motilal Oswal Mutual Fund launches BSE Clean Environment Index Fund

Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE Clean Environment Index Fund, an open-ended scheme tracking India's first diversified clean economy index. The NFO, open from June 5 to June 19, offers passive investment in five transformative themes: Renewables, EVs, Water Treatment, Recycling, and Waste Management, aiming for…

The Economic Times

Withholding tax removal could unlock $25 billion in bond Inflows, says Citi's Aditya Bagree

India anticipates substantial foreign investment. Two key policy shifts, removing withholding tax on government bonds and inclusion in the Bloomberg Global AGG Index, could attract billions. This influx would strengthen India's balance of payments and ease fiscal pressures. Citi believes these developments will boost the Indian economy, making it more…

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The Independent UK

Trump’s approval rating hits another new low on 500th day back in the White House

President Donald Trump’s net popularity on -25 in latest Economist/YouGov survey, with the Iran war and economy still major concerns for voters ahead of November’s midterms

The Guardian - US

Trump has made our K-shaped economy even more unequal

While wealthy Americans hail a booming stock market, the rest of us worry about rising inflation and people struggling to make ends meet

AAP

FED:Officials bank on economic slump helping tame inflation

Australia is not experiencing stagflation but higher interest rates will help cool the economy and inflation, the nation's top bank official says.

The Economic Times

US economy remains strong, India must accelerate reforms and AI adoption: Ajay Srivastava

Market veteran Ajay Srivastava highlights the U.S. economy's robust performance, contrasting it with Indian investors' perceptions. He emphasizes the global economy's resilience despite geopolitical tensions and urges India to focus on its own economic development and embrace global diversification, particularly in AI adoption.

The Economic Times

Piyush Goyal says India to remain world's fastest-growing economy for next two decades

Union Commerce and Industry Minister Piyush Goyal on Thursday said India will continue to be the world's fastest-growing economy for the next two decades, highlighting the country's ability to convert crises into opportunities and attract long-term global investments.

The Economic Times

First goes the Fed dot, then guidance - and then a hike?

The Federal Reserve's interest rate forecasts, known as the dot plot, might be removed. This change could signal a shift in policy under the new Fed chair. Markets will need to interpret his approach to inflation. Investors may face a more unpredictable interest rate market. The economy is experiencing an…

AAP

AAP Rolling News Bulletin June 4, 1330

AAP Rolling News Bulletin for June 4 at 1330

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