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The Latest Breaking News from Economy

7 things we can do today to meet Australia’s new climate goal

The federal government on Thursday announced a 2035 emissions reduction target of 62-70% below 2005 levels. Importantly, it also released a net zero plan and blueprints for six major economic sectors. The target signals Australia is committed to a net zero economy. The plans will help guide the way in…

The Conversation

The growing chasm between MAGA and non-MAGA Republicans on Trump's economy

Nearly one in four MAGA-supporting Republicans don't like tariffs.

Axios

National economy still stuck in 'productivity malaise'

Despite a modest pick-up in productivity growth and signs private sector employment is recovering, Australia's slump in productivity is far from over.

AAP

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Trump’s tech billionaire cohort and their royal welcome

Billionaire tech bosses of Nvidia, OpenAI and Apple joined President Trump for the King’s banquet as the UK secured major investment into AI infrastructure

The Independent UK

Buying a House in the Trump Economy? Do These 3 Things Now, According to Real Estate Agents

People buying homes should do these three things now to blunt the impact from the Trump economy and still get the best price possible.

GOBankingRates

Selling a House in the Trump Economy? Do These 3 Things Now, According to Real Estate Agents

Selling a home in 2025 is different from past years, as new rules and changing buyer attitudes make pricing and preparation more important than ever.

GOBankingRates

OPINION - London Fashion Week brings in billions. So let's celebrate it as a superpower

Our country continues to undervalue this essential (and valuable) industry, says CEO of the British Fashion Council Laura Weir

Evening Standard

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Next boss warns over ‘anaemic’ growth and hit to jobs market from tax hike

The retail giant stuck to full-year forecasts but cautioned that UK sales growth will pull back sharply in coming months.

Evening Standard

Texas cities, counties pinch pennies amid slowing economy

Economic uncertainty, inflation, strict state limits on property tax collections and uncertainty around future federal funds have crimped local budgets.

The Texas Tribune

The Federal Reserve’s independence is about to be tested like never before

Donald Trump wants drastic rate cuts – and his campaign to exert greater political control over the Fed continues

The Guardian - US

Fed Dot Plot Reveals Shallow Easing Path For 2026; Experts Say Don't Expect 'Many More Reductions' As Split Of Dots Is 'Something To Behold'

The Federal Reserve's latest economic projections reveal a surprisingly shallow path for interest rate cuts in 2026, signaling that the policy will remain restrictive as the central bank contends with a resilient economy and sticky inflation.

Benzinga

Next boss Simon Wolfson warns on "anaemic" growth outlook for UK economy

Lord Wolfson said the medium to long term outlook for the UK “does not look favourable”

Evening Standard

Thursday briefing: As Israel defies warnings on Gaza, could EU pressure start to bite?

In today’s newsletter: Brussels edges towards suspending trade deal after UN calls Israel’s actions genocide

The Guardian - UK

OPINION - This Trump visit is a masterclass in how to do pageantry and how not to do business

I’ve been in the same room as President Trump on a number of occasions but I first had a proper meeting with him at the Republican convention in Milwaukee before his reelection. Days earlier, a gunman had tried to take his life. Upon entering his hotel suite, the first thing…

Evening Standard

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The Conversation

The Albanese government has finally set a 2035 climate course – and it’s a mission Australia must accept

The federal government has announced a long-awaited climate change target for 2035, committing to a reduction in emissions of between 62% and 70% below 2005 levels. Environmentalists claim the target is a failure, while some business groups and the opposition are likely to slam it as economic sabotage.

AAP

NZ economy shrinks, fuelling bets of steeper rate cuts

A sharper-than-expected contraction in the New Zealand economy has fuelled expectations of a higher interest rate cut in October.

The Independent UK

Families in Britain are £20,000 worse off than 20 years ago, report warns

Income stagnation over the past two decades is ‘unprecedented in modern times,’ damning new report warns

Fortune

Jerome Powell on signs of an AI bubble and an economy leaning too hard on the rich: ‘Unusually large amounts of economic activity'

“[Spending] may well be skewed toward higher-earning consumers,” Powell said. “There’s a lot of anecdotal evidence to suggest that.”

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news in one place.

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Fortune

Jerome Powell says the Gen Z hiring nightmare is real: 'Kids coming out of college...are having a hard time finding jobs’

"You've got a low firing, low hiring environment" in the economy right now. When asked if it's AI, Powell shrugged: "there may be something there."

The Conversation

Fed rate cut is attempt to prevent recession without sending prices soaring

The Federal Reserve on Sept. 17, 2025, cut its target interest rate as it shifts focus from fighting inflation to supporting the choppy labor market.

Fortune

Markets expected the rate cut, but the ‘real surprise’ is the Fed’s opinion on the current state of the economy, quant CEO says

The Federal Reserve’s policy setup is “bullish for bonds, bearish for the dollar, and neutral for equities in the near term," according to TIAA Wealth Management’s chief investment officer.

Barchart

Energy Demand Concerns Undercut Crude Prices

October WTI crude oil (CLV25 ) on Wednesday closed down -0.47 (-0.73%), and October RBOB gasoline (RBV25 ) closed down -0.0129 (-0.63%). Crude oil and gasoline prices were under pressure on Wednesday from energy demand concerns. Wednesday's weaker-than-expected US housing starts and building permits reports were bearish for the economy...

AAP

Signs of cooling labour market in surprise job numbers

Australia's unemployment rate has held steady at 4.2 per cent despite thousands of jobs unexpectedly dropping out of the nation's economy.

International Business Times

Canada Central Bank Cuts Key Lending Rate Citing Trump Tariffs

Canada's central bank cut its key lending rate on Wednesday, offering a boost to borrowers in an economy squeezed by US President Donald Trump's trade war.

Al Jazeera

Indonesia’s Subianto appoints new security minister after deadly protests

Ex-rival and former general Djamari Chaniago selected after protests about the economy left 10 dead last month.

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