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The Latest Breaking News from Economy

Jump in forecast inflation clouds interest rate hopes

More rate cuts are looking increasingly unlikely as the Reserve Bank concedes it underestimated inflationary pressures that persist in the economy.

AAP

Rachel Reeves to pave way for tax rises in pre-Budget speech

Chancellor’s address to come after weeks of expectation management as she scrambles to fill £50bn black hole

The Independent UK

Tax rises at Budget ‘inevitable’, think tank with close Labour links claims

The Resolution Foundation however suggested there was a way to implement tax rises which ‘boosts confidence in the economy and the public finances’.

The Independent UK

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A Dave Ramsey Caller Is Losing His High-Paying Job In December, Yet He's In A Position Most People Dream Of. 'This Is Just An Inconvenience'

On a recent episode of “The Ramsey Show,” a caller named Michael from Boston shared that he's about to lose his $160,000-a-year job in product management and a 20% annual bonus. His company is letting him go at the end of the year. Normally, this kind of news would send…

Benzinga

Both subprime and super prime loans are on the rise, signs of a K-shaped economy that is a ‘prescription for real trouble’

TransUnion found the share of subprime borrowers last quarter grew to 14.4%, the highest since 2019.

Fortune

I’m a Financial Planner: Here’s How My Clients Are Protecting Their Wealth in Trump’s Economy

GOBankingRates spoke to Thomas Jarecki at KeyBank to share how his clients are protecting their wealth in Trump's economy

GOBankingRates

UK economy ‘doomed’ under Labour, says Ryanair chief

Michael O’Leary says Rachel Reeves needs tax cuts to create growth, as airline’s profits jump 42% in first half

The Guardian - UK

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Scott Bessent Admits Parts Of US Economy Are In Recession, Says Overall Still In 'Good Shape'

Treasury Secretary Scott Bessent blamed the current state of the economy on Federal Reserve policies and attributed high inflation to high government spending during the COVID era, which the Trump Administration is cutting.

Benzinga

Ron DeSantis Slams 'Too Big To Fail' Label For OpenAI: The Company 'Hasn't Yet Turned A Profit' Amid Deep Ties To Big Tech

Gov. Ron DeSantis (R) expressed concerns regarding OpenAI’s critical importance to the economy and the broader tech ecosystem.

Benzinga

Ukraine-Russia war latest: UK sends Kyiv more Storm Shadows after Trump accuses Putin of secret nuclear tests

US president says Russia is testing nuclear weapons 'underground' and threatening to expand to other forms

The Independent UK

It’s getting harder to separate the stock market from the economy. That means the Fed and Congress have more incentive to help Wall Street

A $1 increase in stock wealth leads to a $0.05 marginal propensity to consume, up from less than $0.02 in 2010, according to Oxford Economics.

Fortune

Nearly half in US don’t think Trump or anyone else will make America great again, shocking new poll finds

Trump and Harris voters now agree: ‘Radical change’ is needed to stop the death of the American Dream

The Independent UK

Unpaid ‘women’s work’ is worth $427 billion, new research shows. See how much your unpaid labour is worth

All those thousands of hours that Australians put towards unpaid household work and care – cooking, cleaning and caring for family members – are an essential thread that keeps our economy stitched together.

The Conversation

Earnings, Manufacturing Data and Other Can't Miss Items this Week

Markets enter November following a strong finish to October, with U.S. stocks closing higher on Friday as the S&P 500, Nasdaq, and Dow all posted gains driven by impressive tech earnings and optimism around potential Federal Reserve rate cuts.

Barchart

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The Independent UK

Most Americans disapprove of Trump on economy, immigration, crime and Ukraine and blame him for inflation, new poll suggests

Democrats now enjoy their biggest lead on healthcare since the first Obama presidency — as they hold the GOP’s feet to the fire over Obamacare subsidies

Axios

Bessent: U.S. faces broader recession risk without more Fed cuts

The Fed signaled the next rate cut isn't a sure thing

GOBankingRates

3 Safest Investments To Hold In The Current Trump Economy

The Trump economy is marked by tax cuts, tariffs and shifting Federal Reserve interest-rate policy. Inflation stood at 2.9% in August 2025.

Clever Dude

Why Mechanics Are Leaving the Trade Faster Than Apprentices Can Replace Them

Mechanics are the backbone of our transportation system, keeping cars, trucks, and equipment running smoothly. Yet, the auto repair industry is facing a critical problem: mechanics are leaving the trade faster than apprentices can replace them. This growing gap affects drivers, businesses, and the broader economy. Repair shops are struggling…

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news in one place.

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Tom’s Guide

I drove the BMW M5 for a week — and it’s the reason why gas guzzling sport sedans have new life

The 2025 BMW M5 Sedan is a souped up sports sedan that's supplemented by an all-electric range of 25 miles. It proves how we need more PHEVs like it.

GOBankingRates

I Asked ChatGPT What More Fed Rate Cuts Mean for the Economy — Here’s What It Said

The Fed cut interest rates for the first time in 2025. ChatGPT explains how lower rates may impact inflation, housing, jobs and the stock market.

Benzinga

Trump's White House Bathroom Renovation Sparks Fury, Economist Slams 'Clearly Wrong' Inflation Data And More: This Week In Economy

As the week comes to a close, here’s a quick recap of the top stories that dominated the headlines, from the world of politics to the economy and the stock market.

The Guardian - AU

Australia must put politics aside and pass nature laws that benefit the economy and the environment. We owe it to our kids

There’s no such thing as a perfect legislative solution. It’s about finding one that’s workable – for the community, for the economy and for nature

The Independent UK

Monthlong government shutdown in photos: disruptions, delays and divisions

With no endgame in sight, the government shutdown is expected to roll on for the unforeseeable future, injecting more uncertainty into an already precarious economy.

Benzinga

Jobs Down 33%, Stocks Up 75% — Expert Blames Fed Policy, Not AI As 'Scariest Chart In The World' Sparks Internet Debate

A viral chart showing the SP 500 soaring while job openings plunge has fueled fears that artificial intelligence is splitting the American economy in two. Since ChatGPT's debut in November 2022, the SP 500 has surged more than 70%, while job openings have fallen about 30%. Journalist Derek Thompson, writing…

Fortune

United and American Airlines beg Congress to end shutdown ahead of busy holiday season as air traffic controllers work overtime without pay

“It's putting stress on people. It's not fair to those people. It's also putting stress on the economy,” United Airlines CEO Scott Kirby said.

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