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The Latest Breaking News from Economy

Trump's Tariffs Gut The Very Thing They Were Meant To Save—US Manufacturing

President Donald Trump's aggressive push to protect domestic industry through tariffs is backfiring on the very sector it aims to defend, with the U.S. manufacturing economy shrinking for the sixth month in a row and businesses citing soaring costs, job cuts and planning chaos.

Benzinga

California's Economy Could Lose Hundreds Of Billions Due To Trump's Immigration Crackdown, Research Shows

About 20 percent of California's 10.6 million immigrants are undocumented, and sectors like agriculture, construction and hospitality could be disproportionately impacted by the Trump administration's crackdown

Latin Times

Auto Experts Say Stop Buying These 4 Hybrid Cars Immediately

Thinking of buying a hybrid? Auto experts reveal four models that you may want to avoid due to poor reliability, low fuel economy and costly issues.

GOBankingRates

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Gold Hits High, Stocks Retreat As Investors Seek Safety

The price of gold struck a record high above $3,500 an ounce Tuesday while stock markets mostly retreated as investors sought safety on global economy concerns.

International Business Times

Rising inequality is turning US into an autocratic state, billionaire warns

Ray Dalio says business leaders scared to criticise Donald Trump as he warns of debt-induced crisis for the economy

The Guardian - UK

Scott Bessent Drafting Supreme Court Brief To Uphold Trump Tariffs, Warns US Economy Near 'Tipping Point'

Treasury Secretary Scott Bessent has revealed plans to prepare a defense of the Trump administration’s tariffs. This move is in anticipation of a potential Supreme Court ruling on the legality of these tariffs.

Benzinga

Trump news at a glance: Bessent says markets not worried by Fed interference as Lagarde warns of ‘danger’

European Central Bank president Christine Lagarde says Trump undermining Federal Reserve could impact global economy. Key US politics stories from Monday 1 September

The Guardian - US

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Tory leader Kemi Badenoch slams Labour for treating oil and gas sector as a ‘relic of the past’

Badenoch will pledge to make North Sea oil and gas the ‘cornerstone’ of the economy

The Independent UK

Kemi Badenoch pledges to make oil and gas ‘cornerstone’ of UK economy

The Conservative leader will attack the UK Government for treating the North Sea industry as a ‘relic of the past’.

Evening Standard

Four reasons why the UK lags behind its rivals on productivity

Many people in the UK feel they are working harder than ever. A higher cost of living and more precarious work arrangements push many households to take on longer hours and multiple jobs. Data back this feeling: from 2010 to 2024, the UK had the largest increase in hours worked…

The Conversation

With Today’s Tricky Economy, the Used Market Is Where It’s At

The used market is a treasure trove for riders looking to get the most bang for their buck, especially in today’s messy economy.

RideApart

Do Tariffs Always Hurt the Stock Market? 3 Experts Take On This Economic Myth

Throughout 2025, there has been a consistently looming thundercloud hovering over America’s economy: President Donald Trump’s controversial tariffs policy.

GOBankingRates

Trump’s war on Fed is ‘serious danger’ to world economy, says ECB head

Christine Lagarde issues warning about risks of undermining central bank’s independence

The Guardian - UK

Fed independence ‘hangs by a thread’ after Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

Euronews

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Benzinga

Trump Says Prices Are 'Way Down' With 'Virtually No Inflation', Targets Windmills Again

President Donald Trump said on Monday that prices are "way down" in the United States, pointing to falling energy costs while blasting "corrupt politician-approved ‘Windmills'" as "killing every State and Country that uses them." He also credited "magnificent tariffs" for strengthening the economy.

The Independent UK

Defiant Reeves admits working people ‘feel stuck’ but insists Britain is not broken

Exclusive: Rachel Reeves launches her post-summer fightback with a boost for working parents as she tackles critics of Labour’s plans and the economy

Benzinga

Would The U.S. Economy Collapse If Everyone Followed Dave Ramsey's Debt-Free Plan And Stopped Spending Like Congress? Here's What He Says

A recent episode of “The Ramsey Show” featured a question from a caller in Chicago that many Americans have probably thought about. Adam asked what would happen to the economy if a large number of people stopped using credit cards, ditched loans and followed Dave Ramsey's Baby Steps to become…

Euronews

Auto-enrolment: The quiet pension reform that could transform Europe’s economy

Auto-enrolment into funded pensions would ensure more retirement contributions are invested, powering Europe’s growth.

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The Guardian - UK

‘Really transitional moment’: what should we do about declining fertility rates?

As fertility rate hits all-time low in England and Wales, is there cause for concern for the economy and services?

Kiplinger

What is AI Worth to the Economy?

Spending on AI is already boosting GDP, but will the massive outlays being poured into the technology deliver faster economic growth in the long run?

The Guardian - US

Chairman Trump: has the US turned its back on free-market capitalism?

Republicans once believed governments should get out of the way. Trump is making his influence felt in every corner of the American economy

Evening Standard

In an unstable world British business should look East to Japan

Japan wants boost domestic growth by encouraging direct foreign investment

Capital & Main

In Trump’s Push to Fire Fed Governor, a Curious Target

In seeking to oust Lisa Cook, President Trump attacks a likely ally on interest rates who happens to be the first Black woman in the job.

GOBankingRates

9 Ways Trump’s Economy Could Boost Your Bank Account, According to an Expert

Discover how strong U.S. economic growth under Trump could mean higher wages, better credit and more financial stability for your household.

The Guardian - UK

At Work review – photographer ditches career for gig economy and writing in poverty drama

Though the film is eventful enough, there is a bland placidity with which Bastien Bouillon plays a man following his dreams in this quaintly naive drama

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