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The Latest Breaking News from Economy

Greener metals production could deliver billions to the national economy

Government announces new green metals advisory panel.

Newcastle Herald

US sharply lowers number of jobs added in year ending in March

The downgrade has raised concerns the US economy is slowing and the Fed has waited too long to cut interest rates.

Al Jazeera

Older and youngest workers vulnerable if hiring stalls

A weaker labour market is felt unevenly by different industries and demographics, with older workers and those new to the workforce most at risk.

AAP

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US Jobs Data Point To Weaker Than Expected Market

The US jobs market was probably cooler than expected in the year through March, Labor Department data showed Wednesday, signaling weaker but still-positive growth.

International Business Times

US Economy Reports 818,000 Fewer Jobs Than Initially Reported

U.S. economy revises job growth figures downward by 818,000 jobs, signaling a slowdown and potential impact on Federal Reserve decisions.

Top News

Government: US economy added 818,000 fewer jobs than first reported in year that ended in March

The U.S. economy added 818,000 fewer jobs from April 2023 through March this year than were originally reported, the government says

The Independent UK

EXCLUSIVE: Chicago Fed president warns falling inflation and high interest rates could make things worse

In a Fortune exclusive, Chicago Fed president Austan Goolsbee discusses working with Jerome Powell, base rate cuts, and Fed independence.

Fortune

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Five big issues that are top concerns for US voters (not just Democrats)

The Democrats think that “hope is making a comeback”, as former first lady Michelle Obama put it in her speech to the Democratic National Convention (DNC). The party has recently begun to pick up more votes in the ever-crucial swing states (those that often move between Republicans and Democrats) that…

The Conversation

Rachel Reeves 'considering spending cuts and tax hikes as growth fails to deliver'

RACHEL Reeves is reportedly planning to hike taxes and stick with Tory spending cuts as economic growth fails to ease pressure on the public…

The National (Scotland)

Sobbing, sober gig-goers & £500 tickets: 8 things we learnt from Taylor Swift’s Eras tour in London

Eight nights. 700,000 people. An estimated £300m for the economy. Countless happy tears. Here’s everything we learned when Taylor Swift took over London

Evening Standard

It’s the Economy, Stupid! review – engaging account of maths, money and personal cost

Joe Sellman-Leava’s dramatised lecture, with droll asides from Dylan Howells, could hit harder at a greater length

The Guardian - UK

Asian Shares Decline Following Wall Street Slip

Asian shares decline, Japan reports trade deficit, focus on Powell's speech, and U.S. economy faces pressure from high interest rates.

Top News

Rachel Reeves planning to raise taxes and cut spending in October budget

Chancellor insists she still has large black hole to fill despite stronger than expected growth in first half of 2024

The Guardian - UK

The stock market is booming and the economy is strong, but job anxiety is soaring

The percentage of people looking for jobs over the past four weeks in July was at a nine-year high, according to a Fed survey.

Fortune

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StockNews.com

3 Gig Economy Stocks Thriving in a Post-Pandemic World

The gig economy has revolutionized the employment landscape by reshaping traditional employment models and creating new opportunities for employers and employees. Hence, it could be wise to buy top gig economy stocks, PayPal (PYPL), eBay (EBAY), and Fiverr International (FVRR) in a post-pandemic world. Read more.

Barchart

Aggressive Options Activity Warrants a Close Look at Planet Labs (PL)

Although PL stock represents an extremely risky venture, the booming space economy suggests that Monday’s big rally may have legs.

The National (Scotland)

We need a more ambitious vision for an independent Scottish economy

Stability. This is the economic vision for Scottish independence emanating from the current SNP administration ...

Salon

Prof: Trump inflation plan will backfire

Trump's “unrealistic and undesirable" plan could blow up the economy, experts warn

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Reason

If Joe Biden Saved the Economy, Why Do We Need Kamala Harris' Price Controls?

Democrats are pushing a jarringly disconnected economic message.

The Conversation

The UK risks missing out on the coming AI boom – here’s how it can get back on track

Rachel Reeves, the UK chancellor of the exchequer, has been making cost-cutting announcements ahead of a crunch October budget to deal with what she says is a black hole in the country’s finances. Along with scrapping winter fuel payments, a planned cap on social care and various road and infrastructure…

Roll Call

Fact-checking Day 1 of the Democratic National Convention - Roll Call

Jobs, inflation and crime were subjects of some of the false and misleading claims at the first night of the Democratic convention.

The Independent UK

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation

The Independent UK

Asian markets mostly rise after Wall Street extends its winning streak to longest of the year

Asian stocks are mostly rising after Wall Street pushed closer to record highs following its roller coaster of a summer

International Business Times UK

US Workers Need Five Lifetimes To Match CEO Pay—And A Trump Vote Could Make It Worse: Report

A recent study shows that US nationals believe former President Donald Trump would manage their finances better than Vice President Kamala Harris.

The Independent UK

Watch as Donald Trump delivers remarks on the economy at Pennsylvania rally

Warning: This stream has not been independently fact-checked and may contain misinformation.

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