The Latest Breaking News from Economy

Asian stock markets rise ahead of US jobs data

Asian stock markets are higher ahead of an update on the health of the U.S. jobs market while the Federal Reserve weighs whether more rate hikes are needed to cool surging inflation

The Independent UK · Aug 5, 2022

Sinema ready to advance Democrats' budget bill after tax changes

WASHINGTON — Sen. Kyrsten Sinema, D-Ariz., announced late Thursday night that she is willing to “move forward” on Democrats’ tax, climate and health package after leaders agreed to drop a provision modifying the taxation of "carried interest" and make other tweaks to "protect advanced manufacturing and boost our clean energy…

Tribune News Service · Aug 5, 2022

Reserve Bank wary of cautious consumers amid falling house prices, as global economy sours

The Reserve Bank slashes its forecasts for economic growth as rate rises, house price falls and a souring global economy weigh on Australia's outlook.

ABC News · Aug 5, 2022

Sunak and Truss clash over recession warning in debate

British foreign minister Liz Truss clashed over the future of the economy with former finance minister Rishi Sunak on Thursday as the two contenders to be Britain's next prime minister debated the Bank of England's warnings of a long recession.

Reuters · Aug 4, 2022

Andrew Bailey hits back at claims Bank of England too slow to raise interest rate

The shocking assessment of the economy has reset the backdrop for the Conservative leadership contest

Evening Standard · Aug 4, 2022

3 Under the Radar Penny Stocks to Buy Now

The Fed’s aggressive interest rate hikes and the economy's contraction for two consecutive quarters have increased the odds of a potential recession. Nevertheless, robust corporate earnings and some positive economic data have greatly supported the downside of the benchmark indexes lately. Therefore, we think it could be wise to invest…

StockNews.com · Aug 4, 2022

Meet the doomsayers: 5 who say US economy will keep shrinking

Only a minority of economists correctly predicted that the U.S. economy would contract last quarter. The number who expect it to keep shrinking in the current period is even smaller.

Tribune News Service · Aug 4, 2022

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

The Hindu · Aug 4, 2022

Waiting for democracy in Jammu and Kashmir

The long haul back to stabilisation from a dangerous situation needs to begin; the first step is Assembly elections

The Hindu · Aug 4, 2022

RBA warns on inflation, downgrades growth

The central bank has released its quarterly Statement on Monetary policy, setting out new forecasts for the economy, labour market, wages and inflation.

AAP · Aug 4, 2022