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The Latest Breaking News from Economy

Where did it all go right for Biden? Facts blunt Republican attack lines

Crime is down, inflation is falling and the border is quiet. Little wonder the House speaker is floating impeachment of the president for … something

The Guardian - US

A surprise election victory is the last thing the economy needs

New research reveals that lower growth follows general elections that confound the pollsters

The Guardian - UK

Mortgage rates ease as Bank of England’s bitter medicine shows signs of working

Fixed deals edge down as the City predicts that interest rates are nearing their peak and the UK economy cools

The Guardian - UK

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What recession? It's a summer of splurging, profits and girl power

Economic data show higher prices and constant warnings of a downturn haven't slowed down American shoppers. The Fed is anxious. Companies are thrilled.

WEKU

US GDP Expands At Booming 2.4% In Q2, Beating Estimates On Heels Of Latest Fed Rate Hike

The American economy expanded at an annualized rate of 2.4% in the second quarter of 2023

Zenger

Biden administration proposes new fuel economy standards, with higher bar for trucks

The proposal would increase fuel economy for cars by 2% annually — and twice as fast for trucks and SUVs. The rule would pair with the EPA's ambitious plan to promote electric vehicles.

WEKU

GM Says Tougher NHTSA Fuel Regs Could Be Costly To Automakers, Feds Disagree

GM will closely review NHTSA's new proposal, which calls for strict fuel economy improvements on light and commercial trucks.

Motor1

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US proposes 18% fuel economy increase for new vehicle fleet from 2027 through 2032

The U.S. government wants to raise the fuel economy of new vehicles 18% by the 2032 model year so the fleet would average about 43.5 miles per gallon in real-world driving

The Independent UK

G-20 environment meet ends without a final communique; outcome document stresses on sustainable blue economy

The fourth and final G-20 Environment and Climate Sustainability Working Group (ECSWG) and Environment and Climate Ministers meeting concluded on Friday without a final communique

The Hindu

Fed’s Favored Inflation Gauge Cools To 2-Year Lows: Strong Spending Keeps Fed Rate Bets Steady

Inflation statistics keep pointing to a gradual decrease in price pressures across the economy

Zenger

Bidenomics’ critics are being proven wrong. Happy days are here again

How has the U.S. economy proven so resilient? Partly due to Bidenomics, write Yale's Sonnenfeld and Tian.

Fortune

Tech Companies More Optimistic on U.S. Economy

With nearly half of the stocks in the Nasdaq 100 Stock Index ($IUXX ) (QQQ ) having reported Q2 earnings, more and more company executives are optimistic about a soft landing for the U.S. economy. According to a Bloomberg analysis, tech executives are less frequently using words like headwinds, inflation,...

Barchart

Small Businesses See Glimmers of Hope Amid Struggles: Kiplinger Economic Forecasts

Small businesses are hopeful about the direction of the economy, but challenges such as inflation and finding qualified candidates remain.

Kiplinger

An inflation gauge that is closely tracked by the Fed falls to its lowest level in more than 2 years

A measure of consumer prices that is closely monitored by the Federal Reserve fell last month to its lowest level since March 2021, the latest sign that inflation in the United States is steadily cooling from its once-painful highs

The Independent UK

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PC Gamer

Remnant 2's pricey respec costs are 'being looked into', says principal designer Ben Cureton

2,500 scrap? In this economy?

Fortune

A broken U.S. immigration system is helping foreign countries woo California's tech founders. The Golden State’s new global talent program could reverse the trend

As 'entrepreneurs in residence,' participants will collaborate with U.C. researchers, and the university will sponsor their work visas.

The Independent UK

Germany used to be the world's export powerhouse. Now, it's not growing. What happened?

The German economy is still failing to grow

The Hindu

The ‘spirit’ butterfly effect | Unlike the ‘sober curious’ West, Indians are raising their glasses more now

A resilient economy, premiumisation, neighbourhood bars, and a surge of education and career prospects are all making India one of the fastest growing markets for alcoholic beverages

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news in one place.

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The Independent UK

Stock market today: Asian shares mixed, Tokyo falls as Bank of Japan adjusts bond purchase policy

Asian shares are mixed after the Bank of Japan adjusted its bond purchase policy but kept its negative benchmark interest rate unchanged

StockNews.com

3 Financial Service Stocks With Potentially Massive Returns

Despite the U.S. economy appearing to be on track to achieve the elusive soft landing, an increase in borrowing costs in the wake of further rate hikes by the Fed yesterday and ECB earlier today deem diligent analysis and management of credit risks. This could brighten the prospects of fundamentally…

The Hindu

39 MNCs come together for circular economy coalition

Embracing a circular economy model enables transition from the linear “take-make-waste” paradigm and embrace a more sustainable and regenerative approach, said Union Minister Bhupender Yadav at the launch of Resource Efficiency Circular Economy Industry Coalition (RECEIC) on the sidelines of the 4th G-20 Environment and Climate Sustainability Working Group (ECSWG)…

The Guardian - UK

Even in the heat of war, there must be dialogue. To save lives, a new grain deal with Putin must be struck

The result of his blockage of food exports could be mass starvation in poor countries, warns Guardian columnist Simon Jenkins

Barchart

Stocks Rally as Economic News Shows a Resilient U.S. Economy

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.34%. Stocks this morning are moderately higher, with the S&P...

StockNews.com

Which Energy Stock Should You Buy, Hold or Sell: Schlumberger (SLB) or Geospace Technologies (GEOS)

Strong energy demand as China’s economy is rebounding and people planning vacation travel during summers coupled with tight supplies could push energy prices higher this year, benefitting energy producers and businesses serving them. So, let’s determine if investors should buy, hold, or sell energy stocks Schlumberger (SLB) and Geospace Technologies…

Evening Standard

OPINION - Vladimir Putin’s war on grain could blow up into an international fight

The attacks on the Black Sea ports of Ukraine are a crude bid to shut down grain and maize exports, a mainstay of the Ukrainian economy and a mainstay of food aid to Egypt, north Africa and beyond. The blitz followed Russia’s withdrawal from the international agreement to ship Ukrainian…

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