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The Latest Breaking News from Economy

Federal shutdown cuts off economic data vital to policymakers and investors

The government shutdown will deprive policymakers and investors of economic data vital to their decision-making at a time of unusual uncertainty about the direction of the U.S. economy

The Independent UK

The economy is just getting stronger, not weaker, and ‘we in the economics profession need to look ourselves in the mirror,’ top analyst says

“The consensus has been wrong since January,” Apollo Global Management chief economist Torsten Sløk wrote on Wednesday.

Fortune

Spending rebound staggers as Aussies kick booze, smokes

Strong growth in household spending earlier this year is unlikely to be matched, which could ease Reserve Bank fears of a return of inflation pressures.

AAP

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Why Americans are down on the economy

A range of measures show Americans to be exceptionally gloomy about the economic picture.

Axios

How Many Jobs Will the U.S. Economy Add in September?

Traders on the prediction market platform Kalshi now expect the U.S. economy to add 46,000 nonfarm payrolls in September.

Barchart

The RBA seems unlikely to do another rate cut – meaning they’re betting the economy is better than the data says

Michele Bullock doesn’t think our current cash rate is ‘very restrictive’. Do the figures back her up?

The Guardian - AU

Tariffs may bring a US$50 billion monthly boost to the US government. But ordinary Americans won’t feel the benefit

Donald Trump’s recent state visit to the UK ended without the removal of steel tariffs, which the host nation had been hoping for. For months, the US president’s array of “liberation day” tariffs have sparked controversy and caused chaos for America’s trading partners.

The Conversation

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Building muscle might just be the best way to improve your riding; especially as you age

There are myriad benefits to strength training, from improved power to better neuromuscular efficiency. And the benefits increase as you hit middle-age

Cycling Weekly

Yet another recession indicator is flashing as consumer confidence declines sharply in September

Consumer confidence has dropped below key thresholds, challenging Fed policymakers and Wall Street’s bullish market view.

Fortune

US government shutdown – why should Europe worry?

The ongoing budget fight in Washington has the unintended consequence of harming the European economy. Especially EU exporters could be in for a rough ride.

Euronews

The 'Warren Buffett Indicator' has surged above 200%, meaning the market's price is far ahead of the economy's size

Buffett has likened investing in this environment to "playing with fire."

Fortune

Ford CEO says America is ‘far behind’ rivals like China on blue-collar industry. ‘It is pretty humbling when you look at where we are’

Michigan Gov. Gretchen Whitmer, speaking at Ford’s event on Tuesday, warned that she’s “very sober” about the stakes: “China will dominate.”

Fortune

I told myself I wouldn’t buy a Corolla again, but the Corolla Cross Hybrid changes my mind — here’s why

The 2025 Toyota Corolla Cross Hybrid is a subcompact SUV that gets outstanding fuel economy, making it an excellent alternative to buying an EV.

Tom’s Guide

Here are some effects of a government shutdown if Congress, Trump don't reach a deal

The U.S. government is nearing a partial shutdown, with a range of effects on public services and the broader economy

The Independent UK

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Motor1

Affordable Sports Cars? In This Economy?

Remember 2013? What a time to be alive. Scion and Subaru had just launched the FR-S and BRZ sports cars—fresh off a partnership built around the boxer engine. These were the first true modern challengers to the long-unmatched Mazda Miata, and like the Miata, they hit the market with price…

Fortune

Ford CEO on his ‘epiphany’ after talking to his Gen Z factory workers: They were saying they ‘had to have three jobs’

During the UAW strike of 2023, Farley said he was shocked by what he heard: “Old-timers in our plants were saying, ‘It’s no longer a career, Mr. Farley.’”

Reason

Trump Is Filling the Fed with Loyalists

By installing Stephen Miran and eyeing more allies, Trump is positioning the central bank for aggressive rate cuts and a sharp break from its tradition of independence.

Benzinga

Ex-Citibank Trader Says Wall Street's Best Economists Are Banned from Fixing the Economy—Here's His Radical Solution

The world’s most profitable economists are making millions predicting economic collapse for banks—but they’re shut out of the rooms where policy gets made. Gary Stevenson, a former trader at Citibank, says this disconnect is why governments keep getting blindsided by crises they should see coming.

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Evening Standard

Starmer seeks to restore pride in Britain amid plans to take on Reform

The Prime Minister put controlling immigration and growing the economy at the forefront of his proposals to renew the UK.

The Conversation

Will the G20 listen to its own advisors? 4 urgent steps on climate change

The world’s 20 most powerful economies, the G20 – currently led by South Africa – face mounting pressure to slash greenhouse gas emissions and help nations adapt to climate change. Economist and international affairs specialist Gaylor Montmasson-Clair co-heads the think-and-do tank Southern Transitions and also co-chairs the G20’s Think 20.…

The Independent UK

Europe's top central banker says economy holding up better than expected in face of Trump tariffs

Europe’s economy is holding up better than expected in the face of U.S. President Donald Trump’s new tariffs - in part because the European Union didn’t retaliate with self-defeating tariffs of its own, the head of the European Central Bank said Tuesday

Benzinga

Top Economist Warns Recession Risks Remain 'Uncomfortably High' Despite Receding As Market Valuation Nears 'Y2K Bubble' Peak

Despite an encouraging upward revision of the U.S. economic growth during its third estimate release, a prominent economist is cautioning that significant risks persist, with stock market valuations reaching levels not seen since the dot-com era.

Pro Game Guides

Best CloverPit Charms Tier List

Lucky Charms are the backbone of a strong CloverPit run. Because space and tickets are scarce, the best charm is usually the one that multiplies the value

Benzinga

Goldman Sachs Warns Wall Street's 'Goldilocks' Economy Could Soon Meet Three Big 'Bears' — And Investors Aren't Ready For The Shock

The global investment banking giant Goldman Sachs Group Inc. has raised concerns about a potential market shock that could disrupt the current ‘Goldilocks’ economy.

The Guardian - UK

Jobs to go at Lincolnshire oil refinery; UK economy grew faster than thought under Labour – as it happened

Insolvency firm running Lindsey oil refinery announces job losses after collapse of parent company Prax Group

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