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The Latest Breaking News from Economy

Biden Administration Unveils New Fuel Economy Standards For Vehicles

Learn about the Biden administration's new fuel economy rules to promote electric vehicles and combat climate change.

Top News

Real-world mileage standard for new vehicles rising to 38 mpg in 2031 under new Biden rule

New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by the Biden administration

The Independent UK

The jobs report will ‘lead to continued controversy,’ leaving Jerome Powell in wait-and-see mode and dashing investor hopes for imminent rate cuts

ZipRecruiter’s chief economist says the latest jobs report “delivers a kind of hazy, mixed picture” that will leave the Fed—and investors—guessing.

Fortune

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

May's Jobs Growth Blows Past Forecasts: What the Experts Are Saying

A blowout jobs report and a bit of wage inflation means a Fed pivot towards easing will have to wait.

Kiplinger

Stagflation: is Australia heading back to the 1970s? Our economics and business writers go head to head

The economy has stalled and inflation remains high. Should we be worried? Guardian Australia’s experts have very different views

The Guardian - AU

Biden gets a boost ahead of Trump debate as economy outperforms expectations

272,000 jobs were added in May and wages grew, although unemployment levels ticked slightly up

The Independent UK

UK must boost cyberdefenses to boost economic growth, Microsoft says

Enhancing cybersecurity across all sectors could save the economy £52 billion, while also preventing attacks.

TechRadar

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The Economy Biden Wants

Plus: Trump wants to cut federal spending, Mike Solana wants to save San Francisco, Canada wants to throw thought criminals in jail, and more...

Reason

US Economy Adds More Jobs Than Projected As Unemployment Rate Hits 4%

The U.S. economy added more jobs than projected in May, but the unemployment rate topped 4% for the first time in nearly 18 months.

International Business Times

US Hiring Surges Past Expectations As Job Market Still Strong

US job growth blew past estimates in May while unemployment also edged up, according to government data released Friday, underscoring the labor market's resilience as policymakers seek to cool the economy gradually.

International Business Times

US Economy Adds 272,000 Jobs, Jobless Rate Rises To 4%

US economy adds 272,000 jobs, surpassing expectations. Jobless rate sees slight uptick but overall labor market shows positive growth.

Top News

Why doesn’t economic good news shift the polls for Rishi Sunak? An analysis of 27 past elections explains the problem

One of the few success stories of the Conservative government is the fall in inflation, which is now close to the target rate set by the Bank of England. In April 2024, the consumer price index, the most common measure of inflation, increased by 3% over the previous year compared…

The Conversation

Don’t underestimate Starmer’s push for workers’ rights – it could be his defining legacy

For the first time in decades, and with public support, dignity and fairness in the workplace are back on the political agenda, says Guardian columnist Martin Kettle

The Guardian - UK

CBI predicts Britain’s economy will see faster-than-expected growth as interest rates fall

The forecast sees the CBI giving a much rosier outlook than the Bank of England

The Independent UK

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The Independent UK

Is the US job market beginning to weaken? Friday's employment report may provide hints

Tentative signs have begun to emerge that the U.S. economy is cooling in a way that would be welcomed by the Federal Reserve’s inflation fighters: Companies are posting fewer available jobs, consumer spending has slipped and wage growth, while still healthy, is gradually slowing

The Conversation

Who’s better off and who’s worse off four years on from the outbreak of COVID? The financial picture might surprise you

A lot has happened to the economy since COVID struck, and reading the economic tea leaves has become more difficult.

Bored Panda

40 Ways People Scream “I’m Economically Illiterate” Without Even Trying

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Top News

ECB Cuts Interest Rates Ahead Of US Federal Reserve

European Central Bank cuts interest rates to stimulate economy and consumer spending, reflecting global economic concerns.

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Al Jazeera

Why are Nigeria’s worker unions up in arms?

Unions are engaged in negotiations with the government as they demand rise in minimum wages amid cost of living crisis.

Fortune

Citi wealth division’s new CIO predicts calmer economy will pave the way for AI adoption

Citigroup Global Wealth’s interim chief investment officer, Steven Wieting, says the global economy returning to pre-pandemic norms will reduce AI’s impact on jobs.

Fortune

Fortune 500 CEOs are upbeat on the economy—and they wish they owned Microsoft and Nvidia stock

Results from our annual survey of Fortune 500 chief executives.

International Business Times

Russian Central Bank Chief Calls For 'Open Economy'

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive.

The Conversation

The Federal Union: how a group of 1940s economists dreamt of a European Union for the working classes

On the eve of the Second World War, three Oxbridge graduates joined forces in London and wrote a pamphlet calling for the union of Britain with other democracies to avert the coming conflict. They sent the short pamphlet, titled “Federal Union”, to more than 500 opinion-makers in Britain. The warm…

Pedestrian.tv

Did Taylor Swift’s Eras Tour Save The Australian Economy? The Verdict Is Finally In

Did Taylor Swift save the Australian economy when she came here for the Eras Tour? The verdict is finally in.

The Independent UK

Interest rates are likely headed down, at least in Europe

The European Central Bank appears ready to start cutting interest rates before the U.S. Federal Reserve

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