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The Latest Breaking News from Economy

The Great Fed Pivot Is Here—Jeremy Siegel Backs Sub-3% Rates Ahead

The Federal Reserve's long-awaited pivot toward easing monetary policy is almost here, with a September interest-rate cut now "a near certainty", according to Jeremy Siegel, Wharton professor emeritus and WisdomTree chief economist.

Benzinga

Singapore To Buy Boeing P-8A Aircraft As Tariff Pressures Mount On Trade-Dependent Economy

Singapore's Defence Minister Chan Chun Sing told U.S. Secretary of War Pete Hegseth at the Pentagon on Sept. 10 that the country will acquire four Boeing Co. (NYSE:BA) P-8A maritime patrol aircraft to strengthen its maritime security capabilities.

Benzinga

Jamie Dimon says economy is 'weakening' but even he can't make sense of all the different data: 'Maybe, one day, AI will fix that problem'

The economy produced nearly a million less jobs than first thought. "Whether that is on the way to recession or just weakening, I don’t know," Dimon told CNBC.

Fortune

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Here's what we should replace GERS with, and why

This year's GERS figures put Scotland’s public sector deficit figure at £26.2bn, up from £21.4bn the previous year. Maybe there is no one to…

The National (Scotland)

US Economy Weaker Than Thought As Jobs Revised Down By 911,000

The benchmark revision slashed employment gains by nearly one million, suggesting that hiring had been far weaker than policymakers, investors and businesses previously believed.

International Business Times

Lucy Guo, Billionaire Behind Scale AI, Launches Passes For Celebs Like Olivia Dunne And Bella Thorne To Transform Creator Economy

Lucy Guo, the 30-year-old billionaire who co-founded Scale AI with Alexandr Wang, is now focusing her energy on a new business in the crowded creator subscription market.

Benzinga

Jamie Dimon isn’t convinced by the market’s theory that huge job revisions aren’t a recession indicator

“Hopefully things will be okay, but you do see that kind of weakening,” he said.

Fortune

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Jamie Dimon Warns Of 'Weakening' US Economy, But Doesn't 'Know' Whether Its Nearing Recession: 'Have To Wait And See'

JPMorgan Chase CEO Jamie Dimon has expressed concerns about the U.S. economy, following a significant revision in the Labor Department’s job data.

Benzinga

US firms in China most pessimistic since 1999, survey says

Just 41 percent of US firms optimistic about the five-year business outlook in China, chamber of commerce says.

Al Jazeera

Trump polls higher on immigration and crime than on the economy

IN FULL

The Independent UK

New poll shows Trump losing ground in overseeing the economy with a majority now disapproving

The poll comes amid grim job numbers, showing the economy added just 22,000 jobs in August

The Independent UK

New Business Secretary Peter Kyle to reopen UK-China trade talks in Beijing

Mr Kyle’s trip forms part of the UK Government’s drive to revive UK-China trade ties and boost the British economy.

Evening Standard

Trump Slams Fed After Historic Jobs Revision—Is It 'Too Late' To Fix It?

The stunning 911,000-job downward revision from the Bureau of Labor Statistics has prompted President Donald Trump to once again slam the Federal Reserve as dangerously behind the curve—questioning whether it's already too late to fix the damage.

Benzinga

The U.S. economy actually grew by nearly a million fewer jobs than previously thought, and it shows 'AI is automating away tech jobs,' economist says

"The revision shows the economy entered 2025 with less momentum than previously understood,” said Bill Adams, Chief Economist at Comerica Bank.

Fortune

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The Conversation

Politicians love comparing NZ’s economy to Singapore or Ireland – but it’s simplistic and misleading

Unveiling Amazon Web Services’ long-awaited NZ$7.5 billion “cloud region” – a cluster of local data centres – Prime Minister Christopher Luxon specifically referenced Ireland and Singapore as “two economies we often look to for inspiration on investment and technology”.

Fortune

Americans haven’t been this pessimistic about finding a new job since a bleak stretch of the Great Recession

Pessimism is "most pronounced for those with at most a high school education," according to the New York Federal Reserve.

Fortune

Trump's fury at Jerome Powell for being 'too late' to cut rates just got extra juice from another shocking jobs number

The U.S. economy created 911,000 fewer jobs than initially thought from March 2024 to March 2025, the Bureau of Labor Statistics revealed.

The Independent UK

New data shows the job market was much weaker than thought in 2024 and so far this year

The U.S. job market was much weaker in 2024 and early this year than originally reported, adding to concerns about the health of the U.S. economy

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Benzinga

Alphabet, KKR, TKO Group And More On CNBC's 'Final Trades'

On CNBC's “Halftime Report Final Trades,” Bryn Talkington, managing partner of Requisite Capital Management, said the economy is slowing, not stalling. It's a great time to pick up KKR Co Inc. (NYSE:KRR) and if they execute, they’ll grow earnings and revenue at 30% next year, she added.

The Independent UK

Voices: A post-foreign aid world needs to be built on transformational tax and trade policies

COMMENT: As traditional donors like the US and UK cut back, the answer for Africa and the Global South is not in charity, but in a fundamental restructuring of how the world economy is organised, writes Fadhel Kaboub

PC Gamer

Upcoming Silksong patch will make the early game easier and the mid-game cheaper—nerfing 2 bosses and shoring up its stingy rosary economy

The economy's in shaw-mbles.

Fortune

Sorry Jerome, weakening economic data is 'exactly what markets needed', says Wharton professor

Jerome Powell’s Fed faces labor market weakness as Wall Street bets on rate cuts, with Jeremy Siegel and Goldman Sachs backing easing ahead.

Benzinga

Trump Tariffs Will Fuel Stagflation As Economy Will Get 'Two Bad Tastes At The Same Time'— 'Rising Unemployment And Rising Inflation'

Economist Justin Wolfers is sounding the alarm on the potential for stagflation, warning that proposed tariffs could inflict a painful combination of slowing growth and rising prices on the U.S. economy.

AAP

Future Fund eclipses $250b after bumper return

Australia's sovereign wealth fund has delivered a strong result for financial year 2025, despite significant global economic turmoil.

Saving Advice

7 Passive-Income Streams That Don’t Collapse in a Recession

Passive income is a dream for many retirees—money that flows in without constant work. But not all income streams hold up when the economy contracts....

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