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The Latest Breaking News from Economy

This NT election, even pet crocs are campaign fodder. Just don’t mention the ballooning debt

The Northern Territory is going to the polls this weekend. The incumbent Labor government is under serious challenge from a rejuvenated Country Liberal Party (CLP) opposition, led by Lia Finocchiaro. This is an election mainly about crime and the state of the economy, and neither issue is good for Labor.

The Conversation

Presidents Don't Create Jobs, No Matter What Bill Clinton Said

Dynamic economies operate independently of the political party of whoever was elected most recently.

Reason

Fed Chair Jerome Powell can’t keep ignoring the climate elephant—or its impact on inflation—at Jackson Hole

A growing chorus of central bankers and academics believe climate change does impact price stability—and this impact should be built into modeling.

Fortune

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

Kamala Harris' Affordability Agenda Is a Good Idea Backed by Terrible Policies

Americans need a politician dedicated to unwinding decades of government interventions that have driven up the cost of middle-class living.

Reason

The Dumb and Dumber of Kamala's 'Greedflation' Narrative

The American economy is robustly competitive. The federal government could just mess it up.

Reason

Canada Rail Freight Shut Down Threatens To Disrupt Economy

A labor dispute in Canada threatened to disrupt the North American economy on Thursday after the county's two rail operators shut operations, locking out nearly 10,000 workers.

International Business Times

Scottish arts sector appeals to ministers over ‘devastating’ budget cuts

More than 100 organisations criticise loss of Creative Scotland funding for local artists during Edinburgh festival

The Guardian - UK

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Paris Olympics gives eurozone economic boost after rise in spending

French service sector drives growth but experts warn strong figures mask disappointing performance elsewhere

The Guardian - UK

Want to fight gender inequality? A review of data from 118 counties shows that development aid works

Gender inequality isn’t just unfair — it’s also a drag on the world economy. Giving women the same economic opportunities as men would add about US$12 trillion to global gross domestic product by 2025, one analysis found. That’s an 11% boost.

The Conversation

Bill Clinton To Address Economy And Contrast Trump At DNC

Former President Bill Clinton set to address DNC, focusing on economy and contrasting with Trump. Targeting voters to reconsider their choice.

Top News

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.

The Independent UK

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

Fortune

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.

The Conversation

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…

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The National (Scotland)

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…

Evening Standard

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

The Guardian - UK

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

Top News

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.

The Guardian - UK

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

Fortune

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.

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.

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