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The Latest Breaking News from Economy

The hidden $25 billion public health cost of America’s data center boom

Researchers are trying to shed light on the externalities and hidden costs of the murky data center economy.

Fortune

Kevin Warsh would be one of the wealthiest Fed chairs ever and says he ‘lived the American Dream.’ Here’s what he wants for the central bank

During and after the pandemic, the Fed “missed its mark,” Warsh told senators, and the U.S. economy is “still dealing with the legacy of policy errors.”

Fortune

Russia faked economic data to appear more resilient to its war and sanctions, intel report says

Swedish intelligence said Russia has been covering up a weak, debt-driven economy hit by war costs and sanctions, warning of rising inflation and banking risks.

Euronews

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The $100 oil shock is hitting the middle class like a margin call

As gas tops $4 a gallon, Wall Street debates inflation. But middle-class families and female breadwinners are absorbing the shock with little margin left.

Fortune

I drove the Lexus RX 450h+ for a week — it’s a solid blend of gas and all-electric power

I put the 2026 Lexus RX 450h+ to the test to see if this luxury PHEV has what it takes to convince car shoppers about the savings of all-electric power.

Tom’s Guide

Why Skilled Trades Are Making a Global Comeback in a Digital-First Economy

Skilled trades are making a global comeback because modern economies still rely on physical infrastructure, and there are not enough trained workers to meet demand.

inkl

Visa and TikTok launch ‘creator card’ to support entrepreneurs

The card will help to ’empower the next generation of entrepreneurs in the digital economy’, Visa said.

Evening Standard

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Alphabet at $4 Trillion: Why the King of Tech Is Feeling Cramped on Planet Earth

Alphabet has successfully defended its dominance, effectively becoming a proxy for the global economy. While its current valuation is sound, its huge scale now creates a growth ceiling tethered to global GDP, forcing a dilemma where future outperformance depends on inventing entirely new market paradigms.

Barchart

UK 'On Brink' Of Recession — 250,000 People Could Lose Jobs By Mid-2027 Due To Iran War

EY Item Club warns the UK will 'flirt with recession' as the Iran conflict oil shock pushes unemployment to 5.8 per cent and halves GDP growth forecast.

International Business Times UK

1 Trade to Make Now as High Gasoline Prices Hit the U.S. Economy

June Canada dollar futures present a buying opportunity on more price strength.

Barchart

SpaceX IPO Frenzy: 3 Space Stocks That Could Benefit Most

The SpaceX IPO is coming. Discover three space stocks positioned to benefit as investor interest in the commercial space economy accelerates

MarketBeat

Report: High Taxes and Burdensome Regulations Are Killing California

California politicians’ policy choices are making the state unaffordable and unattractive.

Reason

The director of the Congressional Budget Office—known for its gloomy national debt data—is very optimistic that a crisis will be avoided entirely

“Making progress to address the fiscal trajectory would be a positive for the U.S. economy,” Swagel said. “We can’t go on [with] the scolding narrative.”

Fortune

Yuan for oil payments? UAE seeks US safety net amid Iran war - report

The UAE has requested a US financial safety net amid concerns that an Iran war could severely damage its economy and investor confidence. Talks included a currency-swap line proposal, as the UAE fears needing to use other currencies for transactions if dollar shortages arise.

The Times of India

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The Independent UK

Quarter of a million people could lose their jobs by 2027 as UK ‘flirts with recession’

The job market will endure its ‘biggest hit since the pandemic’

Evening Standard

UK to narrowly avoid recession and jobless rate to surge, Item Club warns

The independent forecasting group said interest rates will remain on hold in 2026 despite soaring inflation caused by the Iran war.

The Conversation

The RBA’s policy deliberately creates unemployment. So why do we treat the jobless so badly?

The Reserve Bank of Australia (RBA) will look at the latest unemployment figures – 4.3%, roughly 650,000 people out of work – and see a labour market that is still “too tight”.

The Times of India

Canada's Doug Ford to sell $28.9 million private jet 'as quickly as possible' after facing scrutiny: 'Should fly economy like rest of us'

A costly government jet has quickly turned into a political headache in Ontario.

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The Guardian - UK

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict

The Guardian - UK

Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit

The damage to the economy dwarfs the upsides from the various non-EU trade deals the UK has struck since 2016

Fortune

The economist who was terrified of AI just found a rare reason for hope

Alex Imas spent years warning AI could collapse labor markets and crater demand. But he's been working on a new theory about what could go right.

The Economic Times

Charting the Global Economy: IMF trims world growth projections

The International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has caused a significant oil price shock. The IMF also anticipates higher inflation due to rising energy and food costs.

Fortune

Putin finally admits Russia's economy is in trouble and grasps for answers, after warnings about a financial crisis have been piling up

Putin revealed that GDP shrank by combined 1.8% in January and February, adding that manufacturing, industrial production, and construction were negative.

International Business Times UK

Pope Leo XIV Just Slammed Elon Musk: 'We're in Big Trouble' If He Hits $1 Trillion - But Why?

Pope Leo XIV has warned that Elon Musk's potential trillionaire status highlights a moral distortion in the economy, emphasising the growing wealth gap and questioning societal values.

Evening Standard

What each party is promising in the Westminster council election

Labour, Conservatives, Reform and the Greens are all standing 54 candidates across the borough’s 18 wards

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People

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