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The Latest Breaking News from Economy

Mid-Morning Market Update: Markets Open Lower; US Economy Adds 428,000 Jobs In April

U.S. stocks traded lower this morning, following the release of jobs report for April.

Benzinga

US Adds 428,000 Jobs In April: 'Growth With Less Wage Pressure'

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April.

Benzinga

Can China preserve both its economy and its zero-tolerance COVID-19 policy?

TAIPEI, Taiwan — China's zero-COVID strategy is starting to derail another major item on the government's agenda: economic stability.

Los Angeles Times

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4 Stocks to Own to Recession-Proof Your Portfolio

According to experts, the Federal Reserve's efforts to control surging inflation by raising interest rates and reducing the size of its balance sheet could eventually tip the nation’s economy into a recession. Furthermore, a plunge in GDP in the first quarter has amplified the risk of a recession this year.…

StockNews.com

Multi-million pound fund launched to help SMEs grow and create jobs

Applications for the new High Growth Innovation Fund are now open and will close at 5pm on Friday, May 20

Birmingham Post

Is the UK heading for a recession and what would that mean for my money? Explained

The Bank of England yesterday issued a stark warning to the British public that the economy is at risk of slipping into a recession as it raised interest rates to 1%

Daily Mirror

The US jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

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The U.S. jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.

WEKU

The Green jobs revolution will clean up the planet and drive down energy bills

The energy crisis sparked by war in Ukraine is speeding up the “great reshuffle” in the jobs market

Dublin Live

Wang Tao: How Far Will China's Yuan Depreciate

The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9

Caixin Global

Bank of England warns of £2,800 energy bills and 10% inflation in chilling prediction

Those on fixed rate mortgages will be shielded for now but it will drive up repayments for others on variable rates deals

Chronicle Live

Sage of Soho warns on “perfect storm” for economy as recession fears mount

BRITAIN’S top ad man today warned of a hard landing for the UK, one day after the Bank of England predicted that inflation will top 10% and the economy could fall into recession.

Evening Standard

Scotland needs to transform its economy. Here's how it can do it

AGROWING movement of businesses, policy makers and citizens are calling for our economy to be redesigned so that it serves the needs of people and…

The National (Scotland)

Marches Mosses BogLIFE Project crowned West Midlands' top civil engineering project

Institution of Civil Engineers praised project for restoring natural habitat and its potential to boost both local economy and education

Birmingham Post

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Bangkok Post

New regional zones approved by panel

The Special Economic Zone Policy Committee chaired by the prime minister yesterday approved four new special economic corridors, meant to resemble the flagship Eastern Economic Corridor (EEC), in a move to spur the economy and decentralise income to the regions.

Caixin Global

China’s Top Leaders Reiterate Support for ‘Zero-Covid’ Strategy

As widespread lockdowns hobble the economy, Politburo declares ‘persistence is victory’ and says it’s too soon to stand down

Tribune News Service

Abortion now front and center in some Democrats' senatorial campaigns

WASHINGTON — Democrats most at risk of losing their Senate seats in November’s U.S. election have jumped on abortion rights to shift the political narrative away from inflation and win back voters disappointed by President Joe Biden’s handling of the economy.

The Hindu

My job, my pride survey: Kudumbashree lines up 1.1 lakh enumerators

Minister M.V. Govindan to launch Knowledge Economy Mission’s campaign on Sunday

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WEKU

The Dow Jones tumbles over 1,100 points as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

WEKU

Stocks dive as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.

Asharq Al-Awsat

Rising Oil Prices Buy Iran Time in Nuclear Talks, Officials Say

Emboldened by an oil price surge since Russia invaded Ukraine, Iran's clerical rulers are in no rush to revive a 2015 nuclear pact with world powers to ease sanctions on its energy-reliant economy, three officials familiar with Tehran's thinking exclusively told Reuters. Last year, Tehran engaged in indirect talks with…

The Guardian - AU

Cost of living and fixing aged care are top concerns as election nears, ANU poll shows

Six in ten people surveyed say the two issues are of most concern, followed by the Australian economy, healthcare costs and climate

Axios

Stocks are boring again — and that's good news

It turns out that both markets and the economy are surprisingly robust in the face of interest rate shocks.

The Times of India

All indicators show that India is on the growth path: Piyush Goyal

NEW DELHI: All the key indicators such as jump in exports and high GST collection in April reflect that the country's economy is on the growth path, commerce and industry minister Piyush Goyal said on Thursday.

StockNews.com

W.W. Grainger: Buy, Sell, or Hold?

Shares of leading broad line distributor W.W. Grainger (GWW) have been gaining momentum despite the current bearish market thanks to its recently announced dividend increases and better-than-expected quarterly results. So, as the economy heads toward a recession, will GWW be able to maintain its upward trajectory in the near term?…

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