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The Latest Breaking News from Economy

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the ‘K-shaped economy’

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges.

Fortune

Who gets SNAP benefits to buy groceries and what the government pays for the program – in 5 charts

The Supplemental Nutrition Assistance Program has helped low-income Americans buy groceries for decades with few disruptions.

The Conversation

Out-of-touch Trump talks up economy among sycophants and stars in Miami

President jets in to speak at ritzy American Business Forum as millions see their food aid slashed – crisis, what crisis?

The Guardian - US

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AI Layoffs: US Market's Worst in 20 Years – Could the UK Be Next?

US tech layoffs hit a 20-year high, raising fears of a bubble bursting that could impact the UK economy. Experts warn of potential spillovers and market risks.

International Business Times UK

I Asked ChatGPT What Will Happen To the Economy If the Fed Keeps Cutting Interest Rates: Here’s What It Said

While economic activity will rise, the move does come with some downsides, according to the AI, including exacerbating some of America's current fiscal woes.

GOBankingRates

'No hire' job market leaves unemployed in limbo as threats to economy multiply

The unemployment rate is low and the economy is still growing, but those out of work face the slowest pace of hiring in more than a decade

The Independent UK

The affordability crisis, once Biden's, is now Trump's

You can't convince Americans your economic policies are working if they're paying 20% more for a cup of coffee.

Axios

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Tobacco tax cut 'no fix' to $4b smugglers' paradise

Public health experts are urging authorities not to get the jitters on tobacco taxes as the economic cost of Australia's black market trade explodes.

AAP

It’s the economy, stupid: Everyday costs become focus of winning campaigns and could hurt Trump in 2026

ANALYSIS: The Trump administration is trying to convince Americans that prices are dropping, but some goods are still more expensive than at any point in history, writes John Bowden

The Independent UK

10 Brutal Stats Showing How the Economy Is Crushing Middle America

Middle America has always been the backbone of the nation. Yet, over the past decade, mounting economic pressures have made it harder for many families to get ahead. Wages stagnate while costs soar. Debt piles up. The promise of a stable, comfortable life seems to slip further away for millions.…

Clever Dude

Southport reveals year of cultural events to entice tourists after attack

Town to become ‘elegantly eccentric’ to boost economy after horrific incident that left three young girls dead

The Guardian - UK

Interest rates: Why did the Bank stick to 4% and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

Evening Standard

Ignore the howls around pay-per-mile, chancellor. We can’t afford not to tax electric cars

The issue of how motoring taxes should change as we decarbonise the economy has been dodged for too long. Car salesmen need to get real

The Guardian - UK

Giving a review zero stars sets a dreadful precedent. But here are the one-star shockers I’d downgrade

A singularly horrendous TV show has crashed the star-rating review economy. But if zero stars is the new normal for critical rage, three films deserve the big 0

The Guardian - UK

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Reason

Socialism Didn't Work In Argentina. It Won't Work For America Either.

To understand this week's election, look to economic and political lessons from Argentina.

The Conversation

The comedy economy: Nigeria’s online video skits are making millions

Short comedy videos circulating on social media have created a booming industry in Nigeria in the past few years. The country’s comedy creators put their skits out on platforms like YouTube, TikTok and Instagram to reach a massive audience.

The Independent UK

China, world's top carbon pollutor, likely to overdeliver on climate goals. Will that be enough?

Experts say China is likely to exceed its modest climate goals, but question if it will be enough to help the world curb warming

The Conversation

Agriculture in Brazil: how land-use choices affect biodiversity and the global climate

Over the past 50 years, Brazil has emerged as one of the world’s agricultural giants. Becoming a leading global exporter of soybeans, beef, coffee and sugar has significantly boosted its economy and placed the country at the centre of the global food system. This agricultural development, however, has come at a…

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The Guardian - AU

Illegal tobacco burns $3.3bn hole in Australia’s tax revenue, crime agency says

ACIC report says total impact of illicit trade on economy amounted to $4bn in a year amid debate over cigarette excise

The Independent UK

Labour’s immigration crackdown could cost the UK £4.4bn, Home Office’s own assessment admits

Starmer’s plan to make it harder for international students to stay in the UK will have a drastic impact on the economy, government assessment finds

Reason

It's the Economy, Not the East Wing, Stupid

Democrats' Election Day victories are downstream of Trump's misguided economic policies.

The Guardian - UK

‘We’re leading the way’: Starmer defends plans for green economy before Cop30

PM defies critics calling for a slowdown as he flies to Brazil, where he may have frosty reception after opting out of tropical forest fund

Clever Dude

Side Hustles That Still Pay in 2025 (And 3 That Don’t)

Side hustles have become a staple for anyone looking to boost their income, pay off debt, or fund a personal goal. But as the economy and technology shift, not every gig is worth your time. Some side hustles that paid well a few years ago just don’t cut it anymore,…

The Conversation

Three reasons why so many economists disagree with Donald Trump’s tariffs

Tariffs on imports have been at the heart of Donald Trump’s economic policy since the start of his second term in the White House. And while the president believes that tariffs will be beneficial to the US economy, many eminent economists disagree. Here are three reasons why.

Fortune

McDonald’s and Cava earnings have one thing in common: The K-shaped economy has a vise grip on the lunchtime crowd

The restaurant chain CEOs noted that while young, lower-income consumers are pulling back, high-income earners are still hungry to spend.

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