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The Latest Breaking News from Economy

Minnesota Gov. Tim Walz Criticizes Trump's Record On Covid-19

Minnesota Governor Tim Walz criticizes former President Trump's handling of Covid-19, the economy, and crime during a rally in Philadelphia.

Top News

Top economist Mohamed El-Erian warns an emergency Fed rate cut could reinforce a negative spiral and help spark a recession

“It’s a little bit like wanting to go to the emergency room for a cough,” El-Erian told Fortune.

Fortune

The RBA left interest rates on hold – but don’t get your hopes up for a cut any time soon

Governor Michele Bullock makes clear that any expectation of rate cuts this year ‘not aligned’ with bank’s present thinking

The Guardian - AU

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

Asylum seekers aren’t ‘taking your jobs’ – but it would be better for all of us if they could work

Amid the racist, far right violence sweeping the UK this week has been a theme present in anti-immigration politics around the world: the idea that immigrants are “taking” jobs that would otherwise go to native-born residents. The economics of labour migration are complicated, and there has been plenty of research…

The Conversation

A Recession for Kamala?

Plus: Violence in the U.K., dead bears in Central Park, parenting influencer absolutely roasted, and more...

Reason

Nikkei 225 Index Soars Over 10% In Market Rebound

Global markets experience volatility with Nikkei 225 surge, U.S. economy concerns, and positive U.S. futures. Stock gains offset losses, influenced by Bank...

Top News

Biden Administration Maintains Confidence In Healthy Economy Amid Market Volatility

Biden administration remains positive on economy despite market volatility. Powell's speech at Jackson Hole awaited for potential interest rate cuts.

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Wall Street Tantrum: US Economy Still Strong Despite Turbulence

Understand recent Wall Street panic, reasons behind market volatility, and reassurance of US economy's strength amidst fluctuations.

Top News

It's not the Fed's job to make the market 'comfortable' says Fed president

Analysts holding out for the Fed to rescue the stock market might be waiting in vain

Fortune

The United States is not facing an imminent recession. This is nonsense

The American economy is still growing. There is no reason to panic, despite Trump’s ‘world war three’ comments

The Guardian - US

Japanese stocks soar after massive sell-off shook global markets

Japan’s Nikkei 225 index closes more than 10% up with other Asia markets rebounding on Tuesday

The Guardian - UK

Tokyo's Nikkei Index Closes Up 10.2% After Previous Day's Record Fall

Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.

International Business Times

On front pages: Attacks on Hindu homes, Hasina’s phone call, and Delhi impact

From being seen as a miracle economy years ago, Bangladesh on Monday looked like a South Asian tragedy, with Sheikh Hasina fleeing the country and protesters storming her home. The contours of its interim government are yet to be defined while economic problems are likely to worsen.

Newslaundry

Share market chaos explained: what’s behind the stock meltdown and will there be a recession?

Share markets around the world saw huge falls on Monday – with Japan’s Nikkei sinking by 12% – after questions over the health of the US economy

The Guardian - AU

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The Independent UK

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

International Business Times

Tokyo Stocks Surge After Previous Day's Record Fall

Tokyo stocks surged Tuesday following a record selloff the previous day that was fuelled by worries over the US economy and a stronger yen.

International Business Times

Asian Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early

Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.

The Independent UK

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Japan's benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street, while other world markets appeared to have settled after the rollercoaster ride that started the week

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Fortune

The 5 reasons behind Monday’s global stock market rout

"The ‘Wall of Worry’ certainly has a broad enough foundation currently,” Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers, said.

Top News

San Francisco Fed President Daly: US Economy Slowing, Not Collapsing

San Francisco Federal Reserve President Mary Daly discusses concerns about softening US economy and potential rate cut.

Top News

Stocks Plummet As US Economy Fears Rise

Stocks tumble as US economic concerns trigger global market decline. Analysts expect Fed rate cut. Evaluate fundamentals amidst market volatility.

Barchart

Dollar Retreats on Rising US Economic Risks

The dollar index (DXY00 ) Monday fell by -0.52% and posted a 6-3/4 month low. The dollar Monday extended last Friday’s selloff on concern the Fed is behind the curve with policy support for a slowing US economy. Swap markets have now priced in a 100% chance the Fed will...

The Conversation

Attention, jittery investors: Stop panicking … this is what a soft landing should look like

What a difference a job report makes. Earlier in the summer, people were worried that the economy was too hot. But now – in response mainly to weaker-than-expected employment data released on Aug. 2, 2024 – stocks are plunging. Some analysts even worry that a recession could be on the…

The Independent UK

Experts are warning of a global recession. Here’s what that actually means

While warning about a 25 percent chance of an economic downturn, Goldman Sachs said the US economy remains “fine overall,” and that the recession risk is “limited”

The Independent UK

Financial markets around the globe are falling. Here's what to know about how we got here

Markets on Wall Street and around the world are in a mini-panic

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