The Latest Breaking News from Economy

Gas lines and scuffles: Sri Lanka faces humanitarian crisis

A few years ago, Sri Lanka had an economy strong enough to provide jobs and financial security for its 22 million people

The Independent UK · Jul 9, 2022

Stock Market Bottom? Think Again…

Determining bear market bottom is much easier in hindsight than doing it in real time. That's because the stock market (SPY) offers up many impressive bounces that give the illusion of the worst being over...just before you drop to even lower lows. So price action is a tricky way to…

StockNews.com · Jul 9, 2022

Lebanon: Economy Minister Speaks of ‘Gangs’ in Ministries

Lebanon’s caretaker Economy Minister Amin Salam said on Friday that 40% of Lebanon's flour stock is being smuggled into Syria, pointing to what he described as “gangs in the ministries” controlling the issue. “We can’t confront the thieves and smugglers alone. Reports show that 40% of the flour is being…

Asharq Al-Awsat · Jul 9, 2022

EXPLAINER: 5 key takeaways from the June jobs report

Inflation is raging

The Independent UK · Jul 8, 2022

4 Downgraded Stocks to Stay Away From in July

With the increasing odds of the economy slipping into a recession due to the Fed’s aggressive interest rate hikes to reduce inflation, it could be difficult for fundamentally weak stocks to find support anytime soon. DiaMedica (DMAC), CytomX (CTMX), Meta Financial (CASH), and Live Oak (LOB) have recently been downgraded…

StockNews.com · Jul 8, 2022

What recession? Jobs numbers point to solid growth

The economy may not be coming in for a landing after all.

Axios · Jul 8, 2022

Boris Johnson has left the UK economy in a parlous state

Analysis: If Johnsonomics stands for anything, it is a lack of plan or vision to address Britain’s economic woes

The Guardian - UK · Jul 8, 2022

UK political resignations: the current uncertainty could affect the economy for nearly two years

The recent dramatic events that led to the resignation of UK prime minister, Boris Johnson, on July 7 2022 raise the issue of how politics – and economic policy uncertainty more specifically – affects the UK economy. The answer, of course, is that it does, and sometimes for as much…

The Conversation · Jul 8, 2022

US adds 372,000 jobs in June as growth exceeds expectations

US unemployment rate held steady at 3.6%, labor department said, as jobs report indicated resilience

The Guardian - US · Jul 8, 2022

Warning that £1,200 could disappear from millions of UK bank accounts

A major recession is forecast for this time next year

Nottingham Post · Jul 8, 2022