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The Latest Breaking News from Economy

Jerome Powell says Gen Z without tech skills are getting crushed in the ’low-hire, low-fire’ job market—and colleges are failing them

While a major economic issue, there’s not much the Fed can do about that, he said.

Fortune

Ford's CEO: America is ignoring the 'essential economy' as AI eats entry-level white-collar jobs

"There’s more than one way to the American Dream," Ford CEO Jim Farley says.

Fortune

Nickel And Diming – 'Pawn Stars' Boss Rick Harrison Says High Fees Are Killing Sin City Tourism

Las Vegas' once robust economy is struggling, and "Pawn Stars" boss Rick Harrison thinks excessive hotel fees are contributing to Sin City's tourism slump.

Benzinga

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Bank's big rate call after 'ugly' inflation print

A big four bank has pushed back its forecast for the next Reserve Bank rate cut after Australia's headline inflation rate jumped in August.

AAP

The US-UK tech prosperity deal carries promise but also peril for the general public

The UK government hailed the recent US state visit as a landmark for the economy. A record £150 billion of inward investment was announced, including £31 billion targeted at artificial intelligence (AI) development.

The Conversation

OECD warns Trump’s tariffs have ‘yet to be fully felt in the U.S. economy,' downgrades growth forecast with grim outlook

U.S. growth is set to fall to 1.5% in 2026.

Fortune

Plug Power Stock: Hydrogen Fuel Cell Supplier Leaves Rivals in the Dust as Its Stock Soars in Shock 15% Surge

Plug Power stock jumped nearly 15% after reporting stronger-than-expected Q2 results, with surging electrolyser sales fuelling optimism that the hydrogen fuel cell supplier could cement its role in the clean energy economy.

International Business Times UK

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Permanent residency for Hongkongers may be worth £4bn to UK economy, says thinktank

Analysis finds value of moved pensions savings could raise similar revenue by 2029 as a year’s air passenger duty

The Guardian - UK

German Business Groups Pressure Merz Over Ailing Economy

German business associations in talks with Chancellor Friedrich Merz stressed the "urgency" of steps to help the ailing economy, one group said Tuesday, with reports describing a stormy encounter.

International Business Times

High inflation, soaring food prices and dwindling growth: How Britain’s economy ranks compared to other nations

OECD report comes as Reeves is preparing November’s Budget, in which she is expected to put up taxes or cut spending in order to adhere to her own fiscal rules

The Independent UK

You need at least $5 million—and a college degree—to reach the American Dream, new report says

In the age of the everyday millionaire and the weird economy where everybody's wealthy, the American Dream has been dealing a bad case of some inflation.

Fortune

Tech Migrants 'Key' For US Growth, Warns OECD Chief Economist

High-skilled migrants are vital for the US economy, the OECD's chief economist told AFP, after the United States imposed a $100,000 fee for H-1B visas widely used by the tech industry.

International Business Times

Stock Index Futures Muted Ahead of U.S. PMI Data and Powell’s Speech

December S&P 500 E-Mini futures (ESZ25) are down -0.04%, and December Nasdaq 100 E-Mini futures (NQZ25) are down -0.06% this morning as investors remain on the sidelines ahead of a speech from Federal Reserve Chair Jerome Powell and U.S. business activity data.

Barchart

UK inflation to be highest in G7 this year in huge cost of living blow

OECD predicts UK inflation to reach 3.5% in 2025, 0.4 percentage points higher than its previous forecast

Evening Standard

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International Business Times

OECD Ups World Economic Outlook As Tariffs Contained, For Now

The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump's tariffs, but their full impact remains uncertain, the OECD said Tuesday.

The Independent UK

Inflation to surge and growth to drop in fresh economic blow to Reeves

With a difficult Labour conference to come next week followed by the autumn Budget, the OECD’s conclusions have come at a bad time for Rachel Reeves

The Guardian - UK

UK to suffer highest inflation in G7 this year, says OECD

International body warns British rate will be higher than that in US, despite effects of Trump tariffs

AAP

Economy shrugs off tariff turmoil to outperform peers

Central banks such as the RBA need to be wary of the risks of inflation kicking off again, which could trigger market sell-offs, a global economic body warns.

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The Independent UK

UK economy to be weighed on by government policy and tax moves, OECD says

The OECD said the UK will also experience the highest level of inflation among the G7 group of advanced economies this year.

Evening Standard

UK business activity slows to weakest since May as firms cut more jobs

Economists warned that influential survey data means ‘alarm bells should be ringing that the economy is faltering’.

Evening Standard

Blow for Reeves as business output slows sharply in September

Economists warn of “litany of worrying news” as PMI survey reading falls to lowest level for five months

Al Jazeera

US pledges to do ‘what is needed’ to support Argentina’s economy

Treasury secretary says US considering measures to stabilise Latin American country amid asset selloff.

The Independent UK

‘CEO whisperer’ says US business leaders are privately anxious about democracy and state of economy under Trump

Famed Yale business guru Jeffrey Sonnenfeld said America’s top tycoons are freaked out by Trump’s ‘Maoist’ MAGA movement — despite some executives’ ‘Dear Leader’ praise in public

MarketBeat

3 Recession-Ready Stocks That Thrive When the Economy Sputters

These three companies offer different defensive strengths that could benefit investors looking to insulate themselves from a potential recession.

Fortune

The Fortune 500 companies most affected by Trump's $100,000 H-1B visa fee

H-1B holders contribute an estimated $86 billion to the U.S. economy every year.

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