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The Latest Breaking News from Economy

The old system failed Gen Z. We should listen to them for a change

College hasn’t kept up and corporate cost-cutting and the rapid expansion of AI are also forcing Gen Z towards new economic models.

Fortune

Stablecoin issuers like Circle and Tether are gobbling up more Treasuries than most countries. Here’s how that could reshape the U.S. economy

After Congress passed the Genius Act in July, stablecoins have gone mainstream.

Fortune

Trump's Gold Tariffs Shake Markets, Eli Lilly Plunges, Oil Dips On US-Russia Deal, Jobs Miss Fuels Recession Fears — This Week In Economy

The past week has been a rollercoaster ride for the financial markets. From President Donald Trump‘s surprising tariffs on gold to Eli Lilly’s worst day in 25 years, the week was filled with unexpected turns. Let’s dive into the top stories that shaped the week.

Benzinga

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read the most diverse news in one place.

Trump’s Tariff: Why this isn’t India’s '1991 moment'

On August 6, just 57 minutes into the fifth day of the fifth Test match between India and England, fast bowler Mohammed Siraj bowled a searing yorker that shattered Guy Atkinson’s stumps, sealing a thrilling six-run win for India – the narrowest Test victory margin in the country’s cricketing history.

Newslaundry

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

Exploring the Smart Money Incentive Behind Georgia's Film Boom: Chrissie Merrill's Insights On Film Tax Credits

State Tax Incentives founder Chrissie Merrill explains how Georgia's lucrative film tax credit drives blockbuster productions, boosts the economy, and delivers smart savings for corporate buyers.

International Business Times

The Best Hybrid SUVs To Buy In 2025

Hybrid SUVs offer excellent fuel economy and lower emissions than gas-only SUVs. These are the best options for every budget.

InsideEVs

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Trump Says Court Halt Of Tariffs Would Cause 'Great Depression'

US President Donald Trump warned Friday of cataclysmic consequences on the US economy if a court rules that his imposition of sweeping tariffs constitutes an illegal power grab.

International Business Times

5 Brands That Were Sold to Foreign Companies Without Public Notice

Many of the most iconic American brands, companies that we have grown up with and consider to be a part of our national identity, are no longer American-owned. Over the years, many of these household names have been quietly acquired by large, international corporations in business deals that generate very…

Grocery Coupon Guide

Bureau of Labor Statistics tells the US what’s up with the economy – Trump firing its top official may undercut trust in its data

Many financial and political analysts are trying to assess the impact of President Donald Trump’s decision to fire U.S. Bureau of Labor Statistics Commissioner Erika McEntarfer on Aug. 1, 2025, the same day that an unemployment report conveyed weakness in the job market. Some of the strongest criticism of this…

The Conversation

Why America’s jobs data may be getting it wrong

The rise of entrepreneurship and AI-driven solopreneurs is reshaping the labor market—but U.S. data hasn’t caught up.

Fortune

The Dollar Faces A 'Wile E. Coyote Moment' As Stagflation Looms Over US Economy, Warns Economist

The U.S. economy is heading towards a period of stagflation, warns economist Savvas Savouri. This could have significant implications for the dollar, bonds, and stocks.

Benzinga

Here's What Happens to the Economy if Trump Fires Jerome Powell and Installs a Loyalist at the Fed

The Fed should be replaced by free markets, not unbridled presidential power.

Reason

Choucri Mansour Builds a Legal Practice That Helps Immigrant-Owned Businesses Gain Ground in the U.S.

Choucri Mansour, founder of Mansour Legal Services, MLS Global APC, represents a new breed of legal practitioner who understands that in our hyperconnected world, the old way of doing business—where clients bounce between multiple law firms, tax advisors, and compliance specialists—is not just inefficient, it's economically destructive.

International Business Times

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The Independent UK

Voices: ‘The fairest way’ or a ‘political disaster’? Readers split on whether Reeves should raise income tax

YOUR VIEWS: Our community is split over whether raising income tax is the fairest way to plug Britain’s £50bn budget gap or a risky move that could harm growth and Labour’s political standing

GOBankingRates

I Asked ChatGPT What Would Happen If Minimum Wage Rose at the Same Rate of Inflation — Here’s What It Said

What if minimum wage rose with inflation? I asked ChatGPT to crunch the numbers—see how much workers would earn and what it means for the economy.

Newslaundry

Gold and gated communities: How rich India’s hoarding fuels inequality

Jo bhi hai wo theek hai, zikra kyon karenHum hi sab jahaan ki, fikra kyon karen.– Sahir Ludhianvi, Phir Subah Hogi, 1958. Truth, when repeated often enough, starts sounding very banal. It just doesn’t register. Take this sentence: India is an economically unequal country. The evidence is all around us, and…

Benzinga

Richard Werner Tells Tucker Carlson Wrong To View Banks As 'Intermediaries,' Says They Have 'Unique Power' That Economists Overlook

Renowned economist Richard Werner says popular textbooks miscast banks as mere middlemen and ignore their central "power to create money," an omission he claims distorts debates over credit just as the U.S. economy slows and the Federal Reserve weighs rate cuts.

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AAP

Rethink on rules for everyday items could spur economy

Australia could ease business burdens and save consumers billions every year by ensuring requirements for everyday products align with international standards.

The Guardian - UK

Reeves and Starmer to prepare ground for tax rises in a difficult autumn budget

Exclusive: The Guardian has been told that discussions about increases include a near-certain gambling levy

The Conversation

Australia can hit an 85% emissions cut by 2035 – if government and business seize the moment

Discussions are hotting up over Australia’s 2035 emission reduction target, which the federal government is due to reveal by September this year. It will be a crucial announcement, for several reasons.

The Guardian - US

Bad Bunny’s Puerto Rico residency is a rare example of fame used for good

The megastar’s unprecedented 21-date residency is estimated to bring $200m into the local economy with early tickets exclusively reserved for locals

The Independent UK

Northern Ireland’s AI-related revenue ‘reached £188m in 2024’

Stormont Economy Minister Caoimhe Archibald has projected that AI ‘will transform our economy’.

Evening Standard

Wealth tax will not work, says Scottish Secretary

Ian Murray rejected calls for a wealth tax, saying the only solution to the UK’s economic issues was to grow the economy.

Evening Standard

Interest rates: Why have they been cut and what does it mean?

Here the PA news agency looks at what the decision means and what the Bank expects to happen to the economy.

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