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The Latest Breaking News from Economy

US Economy Grows At Healthy 3% Annual Pace

Insights on the U.S. economy's robust growth, stable inflation, and potential interest rate cuts to maintain economic health.

Top News

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Unemployment is rising and Australia’s economy is weak – but don’t hit the recession alarm just yet

Are we headed for a recession? The answer is complex – although for young people it already feels like one

The Guardian - AU

What do Americans think of the economy?

In 2023, 42% of Americans felt good about the shape of their local economy.

USAFacts

The Guardian view on trade unions: good for capitalism

Editorial: Drop the cliches about union barons and militant strikers; organised workers are essential to a modern economy

The Guardian - UK

Jackson Hole: how a meeting of bankers in a remote Wyoming valley could have consequences for us all

The economic world recently turned its attention to the resort of Jackson Hole, in a remote Wyoming valley. The annual economic policy symposium of central bankers, policymakers, academics and financial gurus took place in this unlikely spot, producing outcomes that hold significant implications for economies worldwide.

The Conversation

U.S. Latinas' contribution to the GDP continues to grow, now topping Florida's economy

The figure amounts to $1.3 trillion and has grown more than 50 percent between 2010 and 2021, according to a new report

Latin Times

Kate Forbes hails Scottish GDP growth 'despite restraints of Brexit and devolution'

KATE Forbes has hailed new figures showing Scotland’s GDP growth in the second quarter of 2024 “despite the restrictions of the devolution…

The National (Scotland)

Liz Truss hits back at claim she considered scrapping all NHS cancer treatment after crashing economy

Former PM denies claim in new biography she considered extraordinary measures to fix budget black hole

The Independent UK

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The Times of India

China’s two richest people lose billions in consumer stock rout

Record-breaking stock selloffs in two of China’s biggest consumer companies erased more than $18 billion from the fortunes of the nation’s richest people, underscoring deepening investor concern over the health of Asia’s biggest economy.

Fortune

Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy

Thailand’s economy isn’t growing as fast as its peers.

International Business Times

US Consumer Confidence Rises In August

Older consumers feel better about the economy than younger ones

The Conversation

Competition in South Africa’s electricity market: new law paves the way, but it won’t be a smooth ride

South Africa endured an electricity crisis from 2008 characterised by intermittent rolling blackouts and a growing culture of non-payment. The state-owned utility, Eskom, came to be regarded as the single largest risk to South Africa’s economy. At the end of March 2020 Eskom’s debt stood at R488 billion (US$27.4 billion).

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Evening Standard

OPINION - Keir Starmer's mission-led government collides with short-term fiscal reality

The central problem with 'levelling up' was that no one in government ever quite articulated what it meant. Was it the application of a lick of paint to dilapidated northern high streets, or did it entail a fundamental rewiring of the British economy? And if it was the latter, join…

The Conversation

How Bangladesh’s interim leaders can turn the country’s troubled economy around

The current political turmoil in Bangladesh, which has seen the government collapse in the face of widespread protests, will pose a fresh set of challenges for the country’s economy. One of the most immediate impacts will be a slowdown in economic growth, as instability creates uncertainty and undermines investor confidence.

Barchart

Stock Index Futures Tread Water Ahead of U.S. Economic Data, Nvidia Earnings Awaited

September S&P 500 E-Mini futures (ESU24) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.05% this morning as investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.

Barchart

Stock Index Futures Inch Higher Ahead of U.S. Economic Data, Nvidia Earnings Awaited

September S&P 500 E-Mini futures (ESU24) are up +0.14%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.28% this morning, rebounding slightly from Monday’s tech-driven losses on Wall Street, while investors awaited a fresh batch of U.S. economic data and braced for Nvidia’s financial report due on Wednesday.

The Guardian - UK

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - AU

Peter Dutton dismisses Labor’s ‘divisive’ tag as a smokescreen to divert attention from economy

Treasurer’s speech criticised opposition leader for devoting past two weeks of parliamentary sittings to condemning the issuing of visas to people from Gaza

InsideEVs

Is EV Manufacturing Bad For The Environment?

Buckle up: This one won't be so pretty. But there are reasons the future can be better than the misery fossil fuels bring too.

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