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The Latest Breaking News from GDP

Elon Musk Backs Warren Buffett's Brutal '5-Minute Deficit Fix' To Ban Congress From Reelection If They Blow the Budget: '100% This Is the Way'

More than a decade ago, Warren Buffett said the national deficit could be solved in just five minutes. His plan? "You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection."

Benzinga

A year of Keir: the first 365 days of Starmer in power

Three trade deals, five U-turns, 2.5 per cent of GDP on defence, eight ministerial resignations, 49 welfare rebels, record small boat crossings – the statistics behind Keir Starmer’s first year as prime minister explored by Alicja Hagopian and David Maddox

The Independent UK

Environmental Regulations Are Literally Baking Europeans to Death

Europe’s lower GDP, higher electricity prices, and strict environmental regulations impede the use of air conditioning, contributing to the continent’s annual 175,000 heat-related deaths.

Reason

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Somalia has relied on aid for decades – can it survive without it?

Somalia is struggling with hunger, security and the impact of the climate crisis, despite decades of aid money worth billions of dollars, writes Nick Ferris. As aid money gets cut, is this the time for countries to wean themselves off aid dependency – and can they do it?

The Independent UK

Spain overtakes Japan in GDP per capita - what is behind the numbers?

Spain’s economy is thriving, driven by a global boost in services, mainly tourism, overtaking the sluggish performance of the Japanese economy in the last decade.

Euronews

This Obama Economist Just Called Out a Math Problem That Could Derail Trump's Debt Promise—And the Clock Is Ticking

Former Obama economic advisor Jason Furman just dropped a reality check that should have every investor paying attention to Washington’s fiscal math. In a pointed social media post, the Harvard economist highlighted a glaring problem with the Trump administration’s promise to lower the debt-to-GDP ratio by at least 3 percentage…

Benzinga

6 Warning Signs of a Recession — and Where the US Economy Stands, According to George Kamel

Finance expert George Kamel recently broke down six recession warning signs. GOBankingRates asked finance experts how they feel about the recession markers.

GOBankingRates

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Under the Radar: Income and Discipline Over Hype and Hope

As we head into the second half of 2025, the British economy is showing signs of stabilization, but it remains a structurally sluggish environment. The UK managed to avoid a technical recession in 2024, and GDP is growing again.

Benzinga

UK households hit by squeeze on living standards despite fastest growth in G7

ONS confirms GDP growth at 0.7% between January and March but households saving less of disposable income

The Guardian - UK

UK economic rebound confirmed as consumer spending strengthens – ONS

The Office for National Statistic said gross domestic product rose by an unrevised 0.7% between January and March.

Evening Standard

Everyone, including Spain, should reach 5% defence spending, Estonia's prime minister tells Euronews

In an exclusive interview with Euronews, Kristen Michal urged all NATO members, including Spain, to meet the 5% GDP defence spending target, emphasising the risks the continent faces from Russia.

Euronews

Afternoon Update: PM firm on defence budget; Minns’ team fronts caravan inquiry; and a yakuza turned lawyer

Anthony Albanese pushes back on pressure to increase defence spending to 5% of GDP

The Guardian - AU

France faces €5bn in fresh cuts as debt balloons to record high

France’s public debt rose again in early 2025, reaching just over €3.35 trillion at the end of the first quarter – 114 percent of GDP – official figures showed on Thursday. The government now says it needs to find another €5 billion in savings to rein in the ballooning deficit.

Radio France Internationale

PM urged to hedge bets by boosting defence spending

Australia's plan for defence spending is a "hedge" against an uncertain future as the US intensifies the call for its allies to increase the money they invest.

AAP

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The Conversation

NATO’s 5% of GDP defence target ramps up pressure on Australia to spend vastly more

After lobbying by US President Donald Trump, NATO leaders have promised to boost annual defence spending to 5% of their countries’ gross domestic product (GDP) by 2035.

Barchart

Nasdaq 100 Index Rallies to Record High on Speculation of Earlier Interest Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.94%. September E-mini S&P futures (ESU25 ) rose +0.75%, and September E-mini Nasdaq futures...

Barchart

Dollar Falls to 3-1/4 Year Low as President Trump Looks to Fast-Track His Pick for New Fed Chair

The dollar index (DXY00 ) on Thursday fell by -0.54%, reaching a 3-1/4 year low. The dollar retreated following a Wall Street Journal report that said President Trump is considering accelerating the announcement of the next Fed Chair. The dollar remained lower on Thursday’s US economic news of a downward...

The Independent UK

Trump tariffs: US economy saw stark drop in GDP growth as businesses rushed to secure imports

Revised data shows economy shrank more than previously thought as president’s global trade war loomed and consumer spending softened

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Barchart

Stocks Supported by Lower Bond Yields and Speculation of Earlier Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. September E-mini S&P futures (ESU25 ) are up +0.55%, and September E-mini Nasdaq futures...

Barchart

Dollar Falls as President Trump Looks to Fast-Track His Pick for New Fed Chair

The dollar index (DXY00 ) today is down by -0.49% at a 3-1/4 year low. The dollar retreated today following a Wall Street Journal report that said President Trump is considering accelerating when he will announce the next Fed Chair. The dollar remained lower after today’s US economic news of...

International Business Times

Tech Boom Powers US Stock Futures Ahead Of GDP Update

Nvidia hit a new all-time high, briefly becoming the world's most valuable company with a market capitalization of approximately $3.77 trillion.

Barchart

Stocks See Support on Strength in Chip Stocks and Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.18%. September E-mini S&P futures (ESU25 ) are up +0.25%, and September E-mini Nasdaq futures...

The Independent UK

U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate

Benzinga

NATO's New 5% Target For Defense A Win for Trump; Carney Turns To Critical Minerals

NATO's 32 member states agreed to increase defense spending to 5% of GDP by 2035, representing a significant increase from the long-standing 2% benchmark.

Barchart

Stocks Climb Before the Open as Trump Fuels Bets on Faster Fed Rate Cuts, U.S. GDP Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.33%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.41% this morning amid speculation that U.S. interest rate cuts could arrive earlier than expected, following a report that U.S. President Donald Trump may nominate the next Federal Reserve chair early.

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