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The Latest Breaking News from Economy

Here’s Why TrueCar (TRUE) Faces a Tough Consumer Headwind

Although TrueCar has held up surprisingly well this year, it’s also facing a tough consumer-economy-related headwind that could impact TRUE stock.

Barchart

Instead of winning plaudits, why did Jim Chalmers’ budget surplus leave pundits nonplussed?

There’s a glorious irony that a surplus, after so many deficits, attracted such little attention

The Guardian - AU

The best and worst nights out in Greater Manchester ranked in new report

Some parts of the region have got better in the last 10 years but others much worse

Manchester Evening News

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US inflation down only marginally

WASHINGTON: Consumer inflation in the United States nudged down only slightly in April, the Labor Department said on Wednesday, despite strong efforts to cool the economy and rein in price increases.

Bangkok Post

China’s population has peaked and is now falling – opportunities and risks for Africa

China will no longer be the world’s most populous nation. India’s population will overtake it this year at an estimated population of 1.42 billion.

The Conversation

Inflation stayed high last month, compounding the challenges facing the U.S. economy

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

WEKU

Interest in sale of Prestwick Airport but no ‘going offers’ on table

Wellbeing Economy Secretary Neil Gray tells Economy and Fair Work Committee that discussions are ongoing

Insider UK

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Biden's Industrial Policy Promises a Return to the 1970s

The hard lesson that free markets are better than state control may have to be relearned.

Reason

Six Scots renewables projects to deliver 15,000 jobs – if UK steps up, report says

SIX renewable energy projects currently under development in Scotland could create 15,000 jobs and generate billions for the economy, according to…

The National (Scotland)

What happens if the US defaults on its debt?

Experts warn of ‘cataclysmic’ scenario if world’s biggest economy fails to meet its debt obligations.

Al Jazeera

Spring brings optimism as Scottish business sentiment rises

Almost every sector of the economy reported an improvement in the volume of business

Insider UK

New think tank on Scotland's economics launches – as poll shows appetite for change

JUST two per cent of Scots think their country’s economy is on the right track and no change is needed, according to a poll published…

The National (Scotland)

Food workers are integral part of economy and deserve a pay rise

Record View says it is a damning indictment of Tory Britain that so many food workers do not have enough money to feed themselves

Daily Record

The lasting changes of Japan’s post-war economic reforms

Japan’s industrial policy has been a blueprint for Asian nations, but many skip over the important context that made it all become a reality.

360info

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Insider UK

81% of Scots think 'wealth is too concentrated'

New think tank conducts research suggesting most Scots think the economy is not on the right path

Wales Online

Longer lorries will be on British roads by the end of the month

Government believes the longer lorries could bring an additional £1.4bn to the economy, despite concerns over what happens if they take a wrong turn

The Independent UK

McCarthy says ‘no movement’ from meeting over debt ceiling with Biden as GOP continues holding US economy hostage

‘Everybody in this meeting reiterated the positions they were at,’ House speaker tells reporters

Bangkok Post

Adobe inaugurates collaborative office

Adobe Inc, a global producer of creative design tools and document management software, has opened its first office in Thailand to capitalise on the growth of the country's digital and creative economy, marking a major milestone in its business expansion strategy in Southeast Asia.

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Newcastle Herald

What works in the Hunter region's economy has shifted

Such trends offer a bellwether of how the economy has changed.

Ballotpedia

Florida governor signs bill opposing ESG

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

Fortune

America is drunk on credit–and polarized politics complicate the Fed’s unenviable challenge of ending easy money

If the economy tanks in the months ahead, Powell will get the blame. If we avoid a recession, the politicians will claim credit.

Belfast Live

Number of cruise ship visitors to Northern Ireland passes milestone two million mark

The cruise industry is expected to contribute more than £21m to the local economy in 2023.

Barchart

Chinese Stocks and FXI

Markets reflect the economic and geopolitical landscapes, and while China’s economy may be recovering, tensions between Washington, DC, and Beijing have caused investors to shun Chinese stocks. The FXI is an ETF product that holds Chinese large-cap stocks that trade on the U.S. and international equity exchanges.

StockNews.com

The Pros of Investing in These 3 Gold Stocks in the Current Economic Climate

Gold is considered the ultimate safe-haven hedge against inflation as its value tends to rise in an uncertain economy. Recently, gold prices crossed the $2,000 level and a record high is in sight. Amid a volatile economic backdrop, investors could buy quality gold stocks Endeavour Mining (EDVMF), B2Gold (BTG), and…

Birmingham Post

Midlands cities 'are crucial hubs' but region's productivity gap costs £18bn a year, says Centre for Cities

New research published today by economic think tank says urban areas should be a key focus of government efforts to help Midlands reach its potential

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