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The Latest Breaking News from Economy

US Stocks Mixed; Economy Grows By 2.8% In Q3

U.S. stocks traded mixed this morning, with the Nasdaq Composite falling over 50 points on Wednesday.

Benzinga

US Economy Grows At 2.8% Annual Pace In Q3

The American economy grew at a healthy 2.8% in Q3 driven by consumer spending and exports, with concerns about inflation and business investment.

Top News

Russia’s rouble plunges to lowest rate since early weeks of Ukraine war

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third largest bank

The Guardian - UK

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Five fairness flaws the UN’s new plastics treaty must change

The UN’s new plastics treaty is about to be finalised – marking a crucial opportunity to form an international agreement to tackle the plastic pollution crisis. Plastic waste is ubiquitous – damaging human health and livelihoods, as well as ecosystems in water and on land; yet plastic production is at…

The Conversation

New Use Cases Drive Activity In Onchain Economy, Institutions Locked In: Blockchain Report

Delphi Digital has released its Onchain Economy Report and it provides a deeper look into how the onchain economy has evolved this year, with Base playing a key role in driving the momentum.

International Business Times

Stocks Slip Before the Open With Focus on Key U.S. Inflation Data and Trump’s Picks

December S&P 500 E-Mini futures (ESZ24) are down -0.18%, and December Nasdaq 100 E-Mini futures (NQZ24) are down -0.33% this morning as investors digested Donald Trump’s latest cabinet appointments and awaited a flurry of pre-Thanksgiving holiday U.S. economic data.

Barchart

Stock Market Today: The S&P 500 Reclaims the 6K Level

Investors see Scott Bessent as a safe shepherd of the economy as the president-elect burnishes his "Tariff Man" reputation.

Kiplinger

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Trump Tariffs Threat Casts Chill Over Canada

Canada was scrambling Tuesday to blunt the impact of US President-elect Donald Trump's threat to implement steep tariffs once he takes office, as experts warned of a potentially "catastrophic" hit to the Canadian economy.

International Business Times

How much for cash? Why the informal economy is bad for business, consumers and society

Who hasn’t heard someone ask, “How much for cash?” While it may seem harmless, research reveals such demands contribute to a growing culture of informality in business.

The Conversation

Saudi 2025 Budget Sees Lower Deficit On Spending Trims

Saudi Arabia on Tuesday approved a budget for 2025 that projected a smaller deficit than last year despite continued heavy spending on reforms to transition the economy away from oil.

International Business Times

Years of low levels of investment have held Scotland back, Kate Forbes says

The Deputy First Minister and Economy Secretary said private investment is ‘essential’ to growing the economy.

The Independent UK

Trump announces plan to "raise prices"

Despite assurances that he is merely negotiating, Trump's vow to impose tariffs on day one could be disastrous

Salon

The real reason Spain’s economy is bucking the trend of European decline

The 2022 Startup Law has provided a more favorable legal and financial framework for creating and scaling emerging companies in Spain.

Fortune

3 Key Analyst Upgrades: Why These Stocks Are Getting a Boost

Retail investors have a chance to break down the reasons behind the latest analyst upgrades and why they're being made in these three stocks.

MarketBeat

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International Business Times

No Regrets: Merkel Looks Back At Refugee Crisis, Russia Ties

Germany's former chancellor Angela Merkel gives a spirited defence of her 16 years at the helm of Europe's top economy in her memoir "Freedom", released in 30 languages on Tuesday.

Fortune

Novo Nordisk Foundation CEO dismisses ‘Nokia risk’ to Denmark’s economy

Novo Nordisk Foundation CEO Mads Krogsgaard Thomsen said only 9 million people are using GLP-1s compared with 1 billion people living with obesity.

The Times of India

Is India ready for the Silver Economy? JLL-ASLI report predicts India's senior living housing sector to skyrocket over 300% by 2030

India is home to an impressive 156.7 million senior citizens in 2024, making it the second-largest elderly population in the world. Over the next 25 years, this number is projected to nearly double, reaching 346 million. This dramatic demographic shift can be both significantly challenging and also with immense opportunities.

The Independent UK

Levi’s and Jack Daniel’s ‘on tariff hit list’ if Trump targets Britain

PM urged to ‘Trump-proof’ Britain if president-elect imposes levies on UK imports to the US

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The Independent UK

Trump threatens Mexico, China, and Canada with tariffs over immigration and drugs

Tariffs would likely have major impact on U.S. economy and North American trade agreement Trump helped negotiate

The Conversation

Canada Post strike highlights labour struggle over gig economy and precarious work

The Canada Post strike has entered its second week, with no resolution in sight yet. Though a federal mediator is attempting to broker a settlement between the Crown corporation and the Canadian Union of Postal Workers, reports suggest the parties remain far apart.

Evening Standard

Badenoch promises to ‘rewire’ economy and slash red tape to compete with China

Kemi Badenoch suggested the system of state bureaucracy was broken as she tried to woo business leaders.

MarketBeat

3 Forces Shaping a Bullish 2025 Outlook

The S&P 500 is on track to hit a new high soon and open the door to another 1,300 basis point rally that could happen before the end of next year.

Top News

Opposition Protests Against Adani's Indictment In India

Protests in Delhi against Adani's indictment in the U.S. for fraud and bribery, sparking debate over his influence in India's economy.

Fortune

Bosch extends unwanted 4-day week to 10,000 employees amid Germany struggles

Robert Bosch, which employes around 429,000 people, is overhauling its workforce as the company struggles with Germany’s flatlining economy.

Newslaundry

Textile waste a growing environmental concern

The last quarter of each year is chock-full of festivals--which, traditionally, is when Indians shop for new clothes, spurred on by myriad sales and big discounts.

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