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The Latest Breaking News from Economy

Elizabeth Warren Says Trump Firing BLS Chief 'Dangerous' For The Economy: 'If The Facts Don't Fit His Story, He'll Try To Erase Them'

Sen. Elizabeth Warren (D-Mass.) on Tuesday called President Donald Trump's decision to fire the head of the Bureau of Labor Statistics "dangerous," warning the move risks undermining faith in the government's jobs numbers after a weak July report.

Benzinga

Vinod Khosla Says This Is GenZ's Best Bet Against Losing '80% Of All Jobs' To AI In 5 Years

Venture capitalist Vinod Khosla says Gen Z's best hedge in an AI-first economy isn't a college degree or a trade but learning how to learn, fast.

Benzinga

Investors Walk Fine Line As Trump Tariffs Temper Rate Hopes

Asian investors trod warily Wednesday amid lingering uncertainty over Donald Trump's trade war, while another round of data indicated further weakness in the US economy but added interest rate cut speculation.

International Business Times

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UBS sounds the alarm on 'stall speed' as the economy shows signs of running out of gas

It's not an immigration or population shock—fewer people are working, amid shorter hours and lower demand. “The drop in the labor force participation rate has masked how much slackening is actually taking place."

Fortune

Crucial exemption allows majority of Canadian and Mexican goods to be shipped to US without tariffs

U.S. President Donald Trump raised the tariffs on Canadian goods to 35% last week, but a key carve-out for Canada as well as Mexico shields the vast majority of goods from the punishing duties

The Independent UK

The digital economy could turbocharge our productivity, but we need to get the settings right

Data and new digital technologies such as artificial intelligence present an opportunity to get Australia back on the path to productivity growth.

The Conversation

Did DOGE contribute to the BLS jobs report that Trump hated? Economist Mark Zandi thinks so

Cuts to government jobs are contributing to downward employment revisions, says Zandi.

Fortune

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The Trump administration dismisses most on a federal board overseeing Puerto Rico's finances

The Trump administration has dismissed five out of seven members on Puerto Rico’s federal control board that oversees the U.S. territory’s finances, sparking concern about the future of the island’s fragile economy

The Independent UK

Brexit has been a resounding disaster. Starmer must find the courage to change course

Poll after poll shows most voters think leaving the EU has been a failure. Closer ties with Europe would bring huge rewards, says Liberal Democrat leader Ed Davey

The Guardian - UK

UK services sector has biggest fall in orders for nearly three years

Figures add to pressure on Bank of England to cut interest rates when it meets on Thursday

The Guardian - UK

Should big tech be allowed to mine Australians’ text and data to train AI? The Productivity Commission is considering it

Interim report on digital economy also mulls changes to privacy rules and copyright collections to help harness AI’s benefits

The Guardian - AU

I tried out American Airlines’ new Dreamliner cabin — here’s why it’s a game-changer

AMERICAN AIRLINES: American Airlines has launched Dreamliners with fully upgraded cabins, which include brand-new business-class seats with privacy doors. US Travel Editor Ted Thornhill steps aboard, takes a tour and reveals his verdict

The Independent UK

Swiss President Rushes To US To Avert Steep Tariffs

Switzerland's president and economy minister were due to fly to Washington on Tuesday in a last-minute push to stop steep new tariffs that have blindsided the Alpine country.

International Business Times

Stocks leap on Palantir earnings, but Goldman warns the U.S. ‘is near stall speed’—where the economy ‘weakens in a self-reinforcing fashion’

Lurking in the background, as always, are the big macro questions about President Trump’s tariff deals.

Fortune

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Benzinga

US Could See 5-Year Worker Growth Slump, Warns Wall Street Strategist, Calls For 'Exceptional Caution' Before Rate Cuts

The U.S. labor market could potentially see no growth in workers over the next five years, warns David Kelly, chief global strategist at JPMorgan Asset Management.

International Business Times

Saudi Aramco Profit Drops For 10th Straight Quarter

Oil giant Saudi Aramco announced its 10th straight drop in quarterly profits on Tuesday as a slump in prices hit revenues, putting more pressure on the key driver of the Saudi economy.

The Guardian - UK

China warns EV makers to stop price-cutting to protect the economy

Overcapacity and oversupply are causing ‘involution’ and putting growth at risk, manufacturers told

The Guardian - UK

Pension age debate threatens to splinter Germany’s fragile coalition

Merz walks fine line as ‘lazy Germans’ debate sparks protest and economy minister calls to raise retirement age to 70

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news in one place.

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International Business Times

Asian Markets Track Wall St Rally On Fed Rate Cut Bets

Stock markets rose Tuesday as investors grow increasingly confident the Federal Reserve will cut interest rates next month, despite concerns about the US economy and Donald Trump's tariffs.

GOBankingRates

The 40 Best Finance Books Worth Adding To Your Bookshelf in 2025

From investment strategies to building long-term wealth, understanding how the economy works, repairing credit and more, here are the best finance books.

Fortune

Top analyst says the next 5 years could see 'no growth in workers at all' and sends a warning about the fate of the U.S. economy

Investors may want to think twice about betting broadly on a “strongly rising U.S. economic tide,” JPMorgan’s David Kelly writes. Same with lower interest rates.

The Independent UK

Rachel Reeves under pressure to ‘urgently rule out’ tax hikes

The Tories argue that leaving investors ‘in limbo’ could harm the economy

GOBankingRates

Why Over a Third of People Expected To Get Richer Over the Next Six Months — But Now See a Darker Future

Why do over a third of Americans expect to get richer in the next six months? Discover the surprising factors fueling this wave of financial optimism.

The Independent UK

Americans are slashing their spending as worries over the economy grow: ‘This time feels different’

The U.S. economy added just 73,000 jobs in July

Al Jazeera

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.

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