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The Latest Breaking News from Economy

Wages, job data in focus for clues on economy, rates

New data on wage growth and demand for workers will be in focus this week, as borrowers await clues on when the central bank might cut interest rates.

AAP

Russian Economic Growth Dips In Second Quarter As Inflation Rises

The pace of Russia's economic growth slowed in the second quarter of 2024, official data showed Friday, amid concerns over stubborn inflation and warnings of "overheating".

International Business Times

Italian beach establishments close umbrellas briefly to protest long-delayed liberalization plans

Italian beach establishments mounted a symbolic two-hour strike early Friday aimed at pressuring the government not to enact a decades-old EU directive to liberalize the sector, long a symbol of Italy’s failure to reform the economy

The Independent UK

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OPINION - No, Taylor Swift's Eras Tour did not meaningfully boost economic growth

The Eras Tour is big. The UK economy is much bigger

Evening Standard

Stock Index Futures Slide After Yesterday's Rally

September S&P 500 E-Mini futures (ESU24) are down -0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are down - 0.57% this morning while investors awaited a new batch of U.S. economic data due next week to reinforce signs of resilience in the world’s largest economy.

Barchart

Kate Forbes launches £880k fund to teach 'next generation of Scottish entrepreneurs'

THE Scottish Government has allocated hundreds of thousands of pounds of funding to help train the “next generation of business founders” ...

The National (Scotland)

Stock Index Futures Extend Rebound as U.S. Recession Worries Ease

September S&P 500 E-Mini futures (ESU24) are up +0.39%, and September Nasdaq 100 E-Mini futures (NQU24) are up +0.42% this morning, building on yesterday’s sharp gains after U.S. labor market data helped alleviate concerns about a significant economic slowdown, while investors awaited a new batch of U.S. economic data due…

Barchart

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UK economy may have been boosted by the 'Taylor Swift effect' in June, say City forecasters

Series of sell-out concerts and the Euros gave a welcome boost to Britain’s otherwise lacklustre output

Evening Standard

Stocks Track Wall St Rally As US Jobs Data Ease Recession Fears

Equities across the planet have seen big fluctuations since a closely watched gauge of the US labour market came in well below forecasts and fanned fears the Federal Reserve may have waited too long to cut interest rates.

Latin Times

Stock Index Futures Extend Rebound as U.S. Recession Worries Ebb

Barchart

67% of US Small Business Owners Fear Economic Downturn: 5 Issues They Want Candidates to Address

US-based small business owners prioritise taxes, regulations, and economic stability in upcoming elections.

International Business Times UK

Asian stocks track Wall Street gains after encouraging US jobs data calm jitters over the economy

Asian stocks have advanced after U.S. stocks rallied to their best day since 2022 in Wall Street’s latest sharp swerve

The Independent UK

As South Sudan's oil revenues dwindle, even the security forces haven't been paid in months

The recent rupture of a crucial oil pipeline has sent fresh pain through the economy of South Sudan, where even the security forces haven’t been paid in nine months

The Independent UK

Asian Stocks Track Wall St Rally As US Jobs Data Ease Recession Fears

Asian stocks rallied Friday as investors breathed a sigh of relief after US jobs data soothed concerns that the world's top economy could tip into recession, bringing a painful week to a positive end.

International Business Times

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StockNews.com

3 Mid-Cap Stocks With Big Cap Potential

With the steady growth in the global economy and other supportive aspects like easing inflation and the possibility of interest rate cuts, mid-cap stocks present great opportunities. Thus, fundamentally sound mid-cap stocks Pilgrim’s Pride (PPC), Ipsen (IPSEY), and Isuzu Motors (ISUZY) could be ideal buys. Keep reading.

The Conversation

Barcelona protests: holiday hotspots need fairer tourism for local communities

It all appeared to begin in early July with angry Barceloni residents squirting tourists with water as they sat on restaurant terraces. “Tourists go home!” shouted locals to bemused diners in the busy Las Ramblas district, voicing their frustration at the problems their city faces, constantly overrun with visitors. Last…

International Business Times

Wall Street Today: Stocks React Favorably To Revised Unemployment Data

The U.S. economy got some relief from a favorable unemployment report on Thursday, and the stock markets responded in kind with strong gains from the opening bell.

The Independent UK

How Harris and Walz’s policies actually differ from Biden’s

Ariana Baio and Eric Garcia separate the rumors from the reality

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Top News

US Jobless Claims Fall, Economy Remains Resilient

Latest labor market report shows decrease in jobless claims, raising optimism about economy. Fed expected to cut rates to support growth.

The Independent UK

Fewer Americans file for jobless benefits last week, but applications remain slightly elevated

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels

International Business Times

JPMorgan Raises Recession Probability To 35% Amid Weakening Labor Market, Signs Of Job Cuts

The economists maintained their prediction of a 45% chance of a recession occurring by the second half of 2025.

The Guardian - US

Why Donald Trump won’t make major inroads with Black voters

Even with Harris running, nearly one out of five Black voters say they support Trump. But polls can be deceiving

The Guardian - UK

The violence was shocking but not surprising: Britain’s economy makes it ripe for far-right thuggery

Labour is right to get tough with rioters. But that won’t solve the deep-seated problems stoking the disorder, says the Guardian’s economics editor, Larry Elliott

International Business Times

Stocks Turn Lower Again As Nervous Traders Navigate Volatility

Asian stocks resumed their losses Thursday after a sell-off on Wall Street in a sign that the volatility that has roiled markets this week still has some time to run as traders fret over the global economy.

Al Jazeera

Bangladesh economy under pressure amid ‘uncharted’ political turmoil

Hopes that interim government under Muhammad Yunus can restore stability and address country’s inequalities.

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