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The Latest Breaking News from Economy

Moody's Chief Economist Flags 22 States As Already In Recession Or At 'High Risk,' Says Only These 2 States Are 'Holding Their Own'

The U.S. economy is on the "edge of recession," and states accounting for nearly a third of national output are already in or at high risk, Moody's Analytics chief economist Mark Zandi said Sunday, citing fresh state-level readings of employment and output.

Benzinga

UK retail stocks tumble as Deutsche Bank cuts ratings, French market drops on political fears - as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

One in five London late night bars and clubs have shut since 2020

Industry body warns of “night time deserts” unless the trend is reversed soon

Evening Standard

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Federal Reserve governor Lisa Cook to sue Trump administration over its attempt to fire her

Cook’s attorney said the president has ‘no authority’ and ‘lacks any factual or legal basis’ to fire the Fed governor

The Guardian - US

We’re still not measuring our reliance on nature as we rush to boost productivity

Human economies are made possible through natural capital – stocks of land, fresh water, oceans, biodiversity and soils, among others. Farming isn’t possible without soil or water. Manufacturing isn’t possible without raw materials to convert into products. Service industries aren’t possible without reliable food.

The Conversation

What Trump’s move to fire Fed governor means for central bank’s independence

The US president has said he is firing Lisa Cook over mortgage fraud allegations – a move experts view as a means to exert more control

The Guardian - UK

Climate clash: coalition divide over targets laid bare

Divisions over how to tackle Australia's climate targets have continued to deepen within the coalition as its conservative members push for a rethink.

AAP

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Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’

At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.”

Barchart

The Home Depot's Billionaire Co-Founder Blamed 'Socialism' for Making Americans 'Too Lazy, Too Fat, Too Stupid' to Work — 'Nobody Gives A Damn'

As co-founder of The Home Depot, Bernie Marcus helped build the world's largest home improvement retailer from scratch. But in one of his final interviews before his death last November, Marcus made it clear he didn't think that kind of success could happen again—not in today's economy.

Benzinga

A Flight Attendant Reveals: These Are the Travel Money Mistakes Passengers Make Every Day

Flight attendant Sarah M. has seen it all. But if there's one thing that still surprises her, it's how often passengers make the same costly travel mistakes.

GOBankingRates

Bill Miller's MSTR Bitcoin Bet Soars 40% As His Fund Piles Into Housing, Energy And Autos In Bold Q2 Moves

Miller Value Partners is making aggressive new bets on the core of the U.S. economy, significantly increasing its stakes in housing, energy, and auto parts, according to its second-quarter 13F filing for 2025.

Benzinga

Immigration becoming growing concern among Scots, poll suggests

IMMIGRATION is becoming a growing concern among Scots, a poll has suggested.

The National (Scotland)

A third of the U.S. economy is already in a recession or at high risk, and another third is stagnating, Zandi warns

“Southern states are generally the strongest, but their growth is slowing.”

Fortune

Kevin O'Leary Says If You Are Waiting For Mortgages To Fall Below 5%, You Can Keep On Dreaming Thanks To AI

"Shark Tank" investor Kevin O'Leary says U.S. mortgage rates are unlikely to fall back below 5% anytime soon, arguing that America's strong economy and AI-fueled productivity growth mean the era of ultra-low borrowing costs is over.

Benzinga

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The Independent UK

Weight-loss drugs are a quick fix with long-term results

THE INDEPENDENT VIEW: Editorial: For those able to take them, weight-loss drugs can offer startling results in improved quality of life, and in relieving the pressure on the NHS and the British economy

Benzinga

Caller Says His Employees Are Unhappy With Their Raises. Dave Ramsey Responds, 'A 2% Raise In A 9% Inflation Economy Is Insulting'

Blake from Lincoln, Nebraska, recently called into Dave Ramsey‘s “EntreLeadership” podcast with a problem many managers face: employees who are frustrated with their raises.

The Free Financial Advisor

Are Automated Payout Systems Losing Your Money?

Automated payout systems have become the backbone of online payments, gig economy platforms, and even investment apps. They promise convenience, speed, and fewer errors. But as these systems take over more financial tasks, many people wonder: Are automated payout systems losing your money? With accounts linked and transactions running in…

GOBankingRates

6 Crossovers To Avoid Purchasing This Year

If you're planning on buying a crossover this year, you'll want to do plenty of research and test driving if you're considering one of these models.

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The National (Scotland)

Failure to impose congestion charge is harming our cities

HEAVY traffic is clogging up Scotland’s cities, harming the economy and people’s health – but proposals to eventually bring in congestion…

International Business Times

India's Modi Dangles Tax Cuts As US Tariffs Loom

Indian Prime Minister Narendra Modi's push to slash consumption taxes on everyday goods could deliver billions of dollars in annual relief and boost demand in an economy bracing for painful US tariffs, experts say.

Fortune

Russia is ‘teetering on the brink of a recession’ and headed for a disastrous harvest, while Putin’s other top source of cash plunges

“We also think there’s a significant probability of Russia’s economy slipping into a technical recession in the coming quarters.”

The Guardian - AU

Australia’s women remain an untapped resource in the hunt for productivity

Female empowerment is more than just ‘nice to have’, as I was once told in the halls of parliament. It’s good economic policy

International Business Times

From 401(k)s to Mortgages: What Jerome Powell's Surprise Rate Cut Signal Means for Americans

Fed Reserve Chair Jerome Powell's surprise rate cut is set to ripple through the US economy, affecting everything from 401(k)s to mortgages. Here's what the move could mean for ordinary Americans.

The Free Financial Advisor

5 Reasons People Pause Financial Plans During Tariff-Driven Volatility

When global trade disputes heat up, it often leads to tariff changes that ripple through the economy in unpredictable ways. These shifts can affect everything from consumer prices to investment returns, making individuals reconsider their long-term money strategies. Many families and retirees choose to hold off on major moves because…

The Free Financial Advisor

8 Signs Your Portfolio Strategy May Be Outdated in This Economy

The economy changes faster than most investors realize, and what worked ten years ago may no longer serve you today. Market volatility, rising interest rates, and global uncertainty all mean your investments need to be more adaptable. Yet many people stick with the same portfolio strategy without asking whether it…

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