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The Latest Breaking News from Economy

Powell Cornered? Strong GDP, Jobs Data Weaken September Rate Cut Odds

After a quarter of contraction and political pressure mounting, the U.S. economy's surprise second-quarter growth and a sharp rebound in private jobs in July have weakened the case for a September rate cut, leaving Fed Chair Jerome Powell in the hot seat ahead of Wednesday’s pivotal policy decision.

Benzinga

Mexican Economy Secretary Says Country 'Did All It Had' To Avoid Trump's Tariffs

Mexican Economy Secretary Marcelo Ebrard said he is confident the country is confident about reaching a deal to avoid tariffs from going into effect on August 1

Latin Times

Solid US Economic Reports Boost the Dollar

The dollar index (DXY00 ) today extended this week's rally and is up by +0.59% at a 2-month high. Signs of strength in the US economy are boosting the dollar today after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP...

Barchart

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Stocks Supported by Signs of a Resilient US Economy

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. September E-mini S&P futures (ESU25 ) are up +0.12%, and September E-mini Nasdaq futures...

Barchart

US Economy Roars Back With 3% Growth, Handing Trump A Timely Victory

After the sharpest quarterly contraction in three years, the U.S. economy roared back robustly in the second quarter, with gross domestic product rebounding well above expectations—offering President Donald Trump a timely economic victory to celebrate.

Benzinga

Divided Fed leaves interest rates unchanged despite Trump pressure

Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarter

The Guardian - US

US economy rebounds a surprisingly strong 3% in the second quarter

The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions arising from President Donald Trump’s trade wars

The Independent UK

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Entrepreneur like a Ukrainian: 100,000 Ukrainian companies have opened in Poland since 2022

Since the outbreak of Russia's full-scale invasion of Ukraine in February 2022, Ukrainians residing in Poland have established more than 13,000 companies and around 90,000 sole proprietorships, according to data from the Polish Economic Institute and Gremi Personal.

Euronews

Grangemouth closure hits Scottish economy hard as manufacturing plunges

The closure of the Grangemouth oil refinery has hit the Scottish economy hard, new figures show.

The National (Scotland)

Eurozone growth slows: Spain leads and Germany contracts

Eurozone GDP rose just 0.1% in the second quarter of 2025, down from 0.6% in Q1, as Germany and Italy slipped into contraction. Spain led growth at 0.7%, while France surprised with 0.3% growth.

Euronews

Grangemouth closure hits Scottish economy, figures show

The refinery changed into an import terminal earlier this year.

Evening Standard

Eurozone Economy Expands But Tariff Impact Looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

International Business Times

European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse

Europe’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and the continent’s biggest economy, Germany, shrank

The Independent UK

Gary Neville hits out at Rachel Reeves over national insurance hike

The former Manchester United star said the chancellor’s tax hikes were a ‘challenge’ for businesses

The Independent UK

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The Guardian - AU

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

International Business Times

US Second Quarter GDP Growth To Reflect Tariff Turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

AAP

Rate cut looms as inflation result brings RBA 'comfort'

The Reserve Bank should have "all the comfort it needs" to cut interest rates again in August after underlying inflation fell to a three-and-a-half year low.

Fortune

'The rise of the CEO gig economy': Turnover in the corner office is the highest in decades, report finds

"Identifying the right leader for long-term success has become increasingly difficult,” says Andy Challenger, labor and workplace expert at Challenger, Gray & Christmas.

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Evening Standard

OPINION - Will the last Londoner to leave the pub please turn out the lights?

The pub has forever been regarded as a home away from home, especially for sports fans, so it’s no surprise that people flocked to the pub to cheer on our fantastic Lionesses as they romped to victory over Spain in the Euro Finals. And my organisation, the BBPA (British Beer…

Euronews

China announces child subsidy programme as births hit historic lows

After decades of curbing births, China is urgently trying to reverse a population slump that puts its economic and political future at risk.

Euronews

German politicians furious at von der Leyen over new EU-US trade deal

German businesses and politicians are shocked by the customs deal that EU executive chief Ursula von der Leyen negotiated with the US president, seen as potentially damaging to Germany's economy.

Benzinga

Trump Approval Rating 46%: Less Than Half The Country Approves Of President's Handling Of Economy, Cryptocurrency

President Donald Trump's approval rating continues to trend below 50% with voters unsure about several key items such as tariffs, the economy and the recent passage of the One Big Beautiful Bill.

The Independent UK

US consumer confidence improves slightly in July, but Americans remain concerned about tariffs

Americans’ view of the U.S. economy improved this month, but Americans remain concerned about the impact of tariffs on their economic futures

The Independent UK

Britain set for minor boost as world economy growth forecast upgraded despite Trump tariffs

The IMF said the global economy would be more resilient than it expected in May

GOBankingRates

3 Ways a Trump-Powell Faceoff Could Affect Your Wallet This Summer

A Trump-Powell clash could shake up interest rates, inflation and your summer spending. Here are 3 ways it might hit your wallet.

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