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The Latest Breaking News from Economy

US spending posts weak gain even as fed inflation gauge eases

U.S. consumer spending rose at a sluggish pace in July, even while Americans got some relief on prices, indicating the economy is feeling the pinch from the highest inflation in a generation.

Tribune News Service

The "Inflation Reduction Act" Doesn't Address Inflation Causes At All - Opting Out To Bitcoin Is The Only Way

Does opting out of fiat by replacing it with Bitcoin offer a viable alternative?

Benzinga

The Week Ahead: The employment paradox and its impact on perception

The job market has become the Schrödinger’s cat of the American economy.

Miami Herald

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2022 Lexus NX 350h Review: The Affordable Fuel-Sipper

The hybrid NX has better fuel economy than any Audi or BMW alternative and is one of the most affordable luxury crossovers.

Motor1

Powell: Fed could keep lifting rates sharply 'for some time'

Federal Reserve Chair Jerome Powell delivered a stark message Friday: The Fed will likely impose more large interest rate hikes in coming months and is resolutely focused on taming the highest inflation in four decades

The Independent UK

'Backstabber' Sunak and 'clueless' Truss: What Tory members think of the leadership race

Conservative members vent anger at Rishi Sunak and Liz Truss at a hustings in Norwich as the vicious leadership race nears the finish line

Daily Mirror

Skills are key to our boosting the economy but we continue to ignore at our peril

Unless we do productivity will remain a issue for the economy

Birmingham Post

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Egypt's Economy Grows 6.6 % in 21/22

Egypt's economy grew 6.6 percent during the fiscal year 2021/2022, compared to a growth rate of 3.3 percent in the previous year, announced the Minister of Planning Hala al-Said. During a cabinet meeting in New Alamein City, Said reviewed indicators of the national economy's performance during the last fiscal year.…

Asharq Al-Awsat

How China will spend $1 trillion on infrastructure to boost economy

China is pumping trillions of yuan into infrastructure investment, stimulus that could benefit the world’s second-largest economy well beyond this year’s gloom of Covid lockdowns and property market turmoil.

The Times of India

Cambodia to issue first-ever sovereign bond worth $300m in September

PHNOM PENH: Cambodia will issue the first-ever sovereign bond worth US$300 in September, according to a news release from the Ministry of Economy and Finance on Thursday.

Bangkok Post

Jobless rate down in Q2 as Covid-19 curbs eased

Thailand's official unemployment rate in the second quarter dropped to its lowest since the Covid-19 pandemic began and should improve further as the economy recovers following an easing of restrictions, the National Economic and Social Development Council (NESDC) said on Friday.

Bangkok Post

Powell's Jackson Hole speech will stir speculation on rates

When Federal Reserve Chair Jerome Powell delivers what will be his most closely scrutinized speech of the year Friday, investors and economists will be turning over his remarks for any clues about how fast the Fed may continue to raise its short-term interest rate — and for how long

The Independent UK

Ground Up initiative turns Ballarat business waste into sought-after resource

Eliza Whitburn-Weber helps businesses turn waste into valuable resources. As landfill overflows, experts say initiatives like this are the future.

ABC News

CPN joins campaign to spur travel, the economy

SET-listed property and retail operator Central Pattana Plc (CPN) has joined hands with the Tourism Authority of Thailand (TAT) and partners from the tourism industry to boost Thailand's tourism sector and economy this year.

Bangkok Post

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StockNews.com

3 Healthcare Stocks Wall Street Expects to Soar Nearly 200%

Substantial investments in R&D and growing demand for advanced drugs to treat chronic diseases should drive the healthcare industry’s growth. Moreover, amid the economy's uncertainties, the inelastic demand is expected to keep the sector resilient. Given this backdrop, Wall Street analysts expect healthcare stocks Ginkgo Bioworks (DNA), Zai Lab (ZLAB),…

Benzinga

We Are Not In A Recession And Inflation Is The Reason Why, Says Nobel Prize-Winning Economist

Richard Thaler is the 2017 recipient of the Nobel Memorial Prize in Economic Sciences for his contributions to behavioral economics. Thaler researches decision-making psychology, which bridges the gap between economics and psychology, as well as behavioral finance and economics.

WEKU

What our shopping choices say about the U.S. economy

Here's what we learned from a hectic spate of financial report cards shared by top U.S. retailers.

Asharq Al-Awsat

King Salman Orders Investments Worth $1Bln in Pakistan

Custodian of the Two Holy Mosques King Salman bin Abdulaziz ordered investments worth USD1 billion in Pakistan in reflection of the Kingdom’s support to Pakistan’s economy and people. The announcement was made during a telephone call received by Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah from his Pakistani…

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StockNews.com

2 Safe Stocks to Load up on Right Now

The stock market has remained under tremendous pressure since the beginning of 2022 due to ongoing macroeconomic issues. The Fed’s monetary policy tightening and a slowing economy are raising recession fears among investors. Amid such a volatile environment, investors should consider adding safe stocks KT Corporation (KT) and Bridgestone (BRDCY)…

The Conversation

Recognizing the transformational potential of Indigenous-led conservation economies

Over the last decade, Canada has seen an increase in the number of initiatives to green or circularize the economy through sustainable development, as well as those that support and enhance Indigenous environmental leadership.

The Independent UK

Liz Truss: Who is the foreign secretary hoping to become prime minister?

Social media savvy ‘human hand grenade’ seen as continuity candidate and currently ahead of Rishi Sunak thanks to questionable tax promises and neo-Thatcherite branding

The National (Scotland)

Yes must show Scots we 'can't afford' to stay in UK to win indyref2, campaigners say

THE Yes movement must win the economic arguments for independence if it hopes to win the next referendum, new polling has suggested.

The Conversation

Jews are leaving Russia again – is history repeating itself?

It’s not the first time that Jews have felt it necessary to flee Russia, but the invasion of Ukraine has resulted in the fourth wave of exiles in the past hundred years.

Tribune News Service

Biden’s student-loan relief adds new wrinkle to inflation debate

President Joe Biden’s plan to forgive a portion of student loans held by tens of millions of people will ripple through the economy as personal spending and savings shift, but no factor will be more closely watched than inflation.

The Independent UK

Fewer Americans claim jobless benefits last week

Fewer Americans filed for unemployment benefits last week as the labor market continues to stand out as one of the strongest segments of the U.S. economy

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