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The Latest Breaking News from GDP

Spain’s economy is the envy of Europe, but the plight of its strawberry pickers tells another story

Its migrant-powered GDP growth is lauded. If only the people who pick its fruit could be treated with dignity and respect, says Tone Sutterud, a human rights and environment journalist and translator

The Guardian - UK

Rachel Reeves should exempt defence pledge from budget rules, says Gordon Brown

The former chancellor said the commitment to spend 5% of GDP by 2035 should be treated as ‘exceptional’.

Evening Standard

Major Climate-GDP Study Under Review After Facing Challenge

A blockbuster study published in top science journal Nature last year warned that unchecked climate change could slash global GDP by a staggering 62 percent by century's end, setting off alarm bells among financial institutions worldwide.

International Business Times

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Spending on AI data centers is so massive that it’s taken a bigger chunk of GDP growth than shopping—and it could crash the American economy

As Rusty Foster, author of the widely read media blog Today in Tabs, puts it: “Our economy might just be three AI data centers in a trench coat.”

Fortune

Republican Rep. Claims GDP In Ruby Red State Plummeted In The First Quarter Due To Trump Admin Policies: 'Troubled Economic Mess'

Republican Rep. Don Bacon said the GDP in Nebraska has dropped by 6% in the first quarter of the year, claiming that "it's all about trade"

Latin Times

China’s industrial policy is creating instability at home and abroad

Overcapacity – from electric vehicles to high-speed rail to housing – is destroying profits as well as GDP

The Guardian - UK

Some taxes are inefficient at any level. Even modest reforms will help

Australia’s tax system has come under scrutiny again ahead of the government’s reform roundtable later this month. Economists argue we could raise the same revenue with less economic harm by relying more on efficient taxes and less on inefficient ones.

The Conversation

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China’s fertility crisis is so dire, rates are falling below ‘replacement levels,’ and GDP could slow by more than half in the next 30 years, study says

According to a new report from Oxford Economics, the potential output growth for China could fall from around 4% in the 2020s to less than 2% by the 2050s.

Fortune

Early modelling reveals the impact of Trump’s new tariffs on global economies

As US warehouses run down inventories and stockpiles, there could be a rocky road ahead

The Independent UK

Banana republic? Trump puts credibility of US economic data on the line

Trump’s firing of the head of the Bureau of Labor Statistics raises fears for the integrity of official statistics.

Al Jazeera

Trump's 39% Tariffs May Derail Swiss GDP—And No, Drinking 'Bourbon Every Day' Or Buying 'Harley Davidson' Won't Save Them

Switzerland is bracing for one of the highest tariff rates on its imports to the U.S. as the deadline for a trade agreement between the two nations approaches.

Benzinga

Can Syria rebuild its economy from the ashes of war?

More than a decade of devastating conflict has left Syria’s economy in tatters, its infrastructure in ruins and its population deeply fragmented. The fledgling transitional government in Damascus, which came to power following a lightning rebel offensive in December 2024, often speaks of a “new Syria”. But the pressing question…

The Conversation

Elon Musk Agrees With Cathie Wood: Tesla Is 'Largest AI Project On Earth' Amid Robotaxi Vision, Samsung Chip Deal Buzz

Tesla Inc. (NASDAQ:TSLA) is the world's most ambitious AI endeavor, according to ARK Invest CEO Cathie Wood, who predicts its autonomous vehicle efforts could generate trillions in revenue.

Benzinga

Keir Starmer's defence plan will not make UK safer, ex-UN adviser warns

KEIR Starmer’s pledge to ramp up defence spending in the UK to 5 of GDP by 2035 will make the country more insecure and won’t save the economy,…

The National (Scotland)

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The Conversation

New Trump tariffs: early modelling shows most economies lose – the US more than many

The global rollercoaster ride of United States trade tariffs has now entered its latest phase.

The Guardian - US

Good, mad and ugly: the US economy’s performance under Trump – in charts

Despite president’s claims of an economic boom, picture is chaotic – resilient GDP growth but weak jobs figures

Benzinga

Eurozone GDP Growth Pops A Surprise: These ETFs Are Winning The Game

The Eurozone just played a trick, reporting 0.3% year-over-year GDP growth in the second quarter, beating expectations of a slowdown.

Euronews

FBI opens first office in New Zealand, sparking backlash in China

US Defence Secretary Pete Hegseth said in June that China posed an imminent threat and urged Indo-Pacific countries to increase military spending to 5% of GDP.

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Barchart

Stocks Settle Mixed on Hawkish Fed Chair Powell

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.12%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.38%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.16%. September E-mini S&P futures (ESU25 ) fell -0.09%, and September E-mini Nasdaq futures (NQU25...

Barchart

Dollar Rallies and Gold Sinks as Powell Pushes Back Against Rate Cuts

The dollar index (DXY00 ) on Wednesday extended this week’s rally and rose by +0.88% to a 2-month high. Signs of strength in the US economy boosted the dollar Wednesday after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP expanded...

Fortune

Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut

The Fed cited the economy’s resilience as part of its motivation for maintaining rates.

Al Jazeera

US Q2 GDP growth masks broader economic downturn

Consumer spending ticked up slightly after a near halt, but private sector investments plunged in the second quarter.

Benzinga

Powell Cornered? Strong GDP, Jobs Data Weaken September Rate Cut Odds

After a quarter of contraction and political pressure mounting, the U.S. economy's surprise second-quarter growth and a sharp rebound in private jobs in July have weakened the case for a September rate cut, leaving Fed Chair Jerome Powell in the hot seat ahead of Wednesday’s pivotal policy decision.

Barchart

Stocks Edge Higher Before FOMC Meeting Results

The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.32%. September E-mini S&P futures (ESU25 ) are up +0.20%, and September E-mini Nasdaq futures...

Barchart

Solid US Economic Reports Boost the Dollar

The dollar index (DXY00 ) today extended this week's rally and is up by +0.59% at a 2-month high. Signs of strength in the US economy are boosting the dollar today after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP...

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