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The Latest Breaking News from Economy

Federal Reserve Cuts Interest Rates For Third Time

The Federal Reserve's rate cut aims to support economic growth and stability by stimulating borrowing and spending.

Top News

Sweden is a nearly cashless society – here’s how it affects people who are left out

Around the world, cards and apps are the default way to pay – but nowhere is the transition away from cash more obvious than in Sweden. The Bank of Sweden notes that the amount of cash in circulation in the country has halved since 2007.

The Conversation

From analysis to the latest developments in health,
read the most diverse news in one place.

You Don't Beat China by Copying China

Xi Jinping’s neo-mercantilist policies are destructive, not productive.

Reason

UBS Global's Solita Marcelli: It's a Green Light for U.S. Stocks in 2025

A strong economy, rate cuts and continued AI spending should support stocks in the new year, says UBS Global's chief investment officer, Americas.

Kiplinger

First Syria flight takes off from Damascus airport since Assad’s downfall

As efforts get under way to restart economy, UN envoy calls for ‘free and fair elections’ after transition.

Al Jazeera

US Fed Expected To Cut Again, Despite Uncertain Path Ahead

In the last couple of months, the Fed's favored inflation has ticked higher, moving away from the bank's long-term target of two percent, and raising concern that the battle against inflation is not over.

Latin Times

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UK inflation hits eight-month high of 2.6%, fuelling calls to hold interest rates

Annual increase in November driven by rising cost of petrol and groceries and hike in tobacco duty in budget

The Guardian - UK

UK factory orders ‘collapse’ to four-year low, CBI says; inflation rises to 2.6% – as it happened

Starmer says more to do on economy so growth is ‘felt in the pockets of working people’; US Federal Reserve widely expected to cut interest rates by a quarter point

The Guardian - UK

Economic Woes Mount For Russia's War Machine

Stubborn inflation, exorbitant borrowing costs, bankruptcy risks and a growth slowdown: the Russian economy is facing a slew of negative headlines, as the costs of the Ukraine war and Western sanctions mount.

International Business Times

US Fed Expected To Cut Interest Rates Again, But Path Ahead Is Murky

The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead.

International Business Times

Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

The Independent UK

How Your Daily Spending Could Help You Points Hack Your Way To Flights & More

We all have to buy things but is there a way to make your daily spending go further?

Pedestrian.tv

Five things Myefo tells us about the state of the Australian economy

The economy’s rebound won’t be as strong as anticipated and more government rebates seem to be pencilled for the coming year

The Guardian - AU

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The Conversation

A return to balanced budgets is a decade away, mid-year update says

The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.

The Guardian - AU

Federal budget $27bn in the red and won’t return to balance for a decade, Myefo forecasts

Budget downgrade blamed on Australian economy being hit harder than anticipated by higher interest rates, cost of living pressures and global uncertainty

Kiplinger

The Best Industrial Stocks to Buy

Industrial stocks might not be the most exciting positions to own, but they play a vital role in any well-rounded portfolio. Here's how to find the best ones.

Top News

Retail Sales Rise 0.7% In November, Boosting Economy

Retail sales surged in November, indicating a strong holiday shopping season ahead. Auto dealers and online retailers drove the increase, with economists p...

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news in one place.

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The Independent UK

Germany's election contenders set out contrasting plans to revive the economy, reduce migration

Leading contenders in Germany’s upcoming election have presented their programs, setting out contrasting visions of how to put new vigor into Europe’s biggest economy and tackle other issues such as migration

The Independent UK

Retail sales rose at healthy pace last month in latest sign of US economy's health

Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season

Fortune

How Costco is easily outdoing Target in this weird economy

Costco is proving far more adept than Target in adjusting to the weird economy.

The Conversation

Three possible futures for the global economy if Trump brings in new trade tariffs

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

Latin Times

Markets Mostly Down As Fed Gears Up For Interest Rate Decision

Investors are keeping tabs on Beijing after Chinese leaders' latest measures to kickstart the economy fell short of expectations, with weak retail sales data Monday reinforcing the need for more support.

Fortune

Top investor dubs U.K. a 'banana economy' over 'build absolutely nothing' mantra

PIC says the U.K.’s stunted planning policy is leaving $250 billion for viable projects unused.

International Business Times

Palestinian Economy Facing Unprecedented Crisis: World Bank

The war in the Palestinian territories is having a catastrophic impact on the local economy, the World Bank said Monday, noting that all sectors have been badly affected by Israel's attacks.

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