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The Latest Breaking News from Economy

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

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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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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.

Benzinga

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.

International Business Times

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

The Guardian - UK

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.

International Business Times

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.

GOBankingRates

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.

Fortune

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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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International Business Times

Stocks Rebound On US Rate Cut Bets

Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy.

The Guardian - US

Now is the time for Democrats to hammer Trump on the economy

With inflation and unemployment rising, Democrats must speak out – and show they care about the average voter

The Conversation

Can Syria rebuild its economy from the ashes of war?

More than a decade of devastating conflict has left Syria’s economy in tatters, its infrastructure in ruins and its population deeply fragmented. The fledgling transitional government in Damascus, which came to power following a lightning rebel offensive in December 2024, often speaks of a “new Syria”. But the pressing question…

Fortune

The dollar is being punished for the jobs data that revealed how weak the U.S. economy really was

In his note to clients, ING analyst Chris Turner called it “the dollar’s hand-brake turn.”

GOBankingRates

Should You and Your Wallet Care About the Big Beautiful Bill’s Impact on the National Debt?

Trump's budget reconciliation law could have a large impact on American economics. In particular, how could the national debt impact Americans' wallets?

Barchart

Stocks Set to Open Higher as Investors Bet on Fed Rate Cuts

September S&P 500 E-Mini futures (ESU25) are up +0.64%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.77% this morning, pointing to a higher open on Wall Street as investors placed their hopes on the Federal Reserve to step in with interest rate cuts following Friday’s weak U.S. payrolls…

Benzinga

Moody's Chief Economist Warns US Economy On 'Precipice Of Recession' As Tariffs, Labor Shortages Trigger Market Selloff

Moody‘s Analytics Chief Economist Mark Zandi warned on Sunday that the American economy stands “on the precipice of recession” following last week’s disappointing economic data releases that sent major indexes tumbling.

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