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The Latest Breaking News from Economy

Jobs report defies expectations and hiring remains steady despite concerns over Trump’s tariffs

The report gives the first glimpse of how the economy has fared after Trump’s so-called ‘Liberation Day’ when he introduced sweeping tariffs that plunged the stock market into chaos

The Independent UK

Japan prepared to use its role as America’s largest creditor as leverage in Trump trade talks

No country holds more provable Treasury debt than Japan with roughly $1.1 trillion, equivalent to a quarter of its entire economy.

Fortune

50 Travelling Dramas That Happened Because People Just Can’t Sit In Their Assigned Seats

"A dude is in it - like properly settled in with his glass of champagne."

Bored Panda

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Asian shares rise as China says it's considering US overtures on Trump's tariffs

Asian markets are higher after China's Commerce Ministry said Beijing is evaluating overtures from the U.S. regarding President Donald Trump’s tariffs

The Independent UK

A climate election? The Coalition wants to take Australia backwards, while Labor is standing still

Depending on where things end up after Saturday, the biggest climate push may come from the crossbench

The Guardian - AU

Vance blames Biden for shrinking economy

Bret Baier noted the "economy shrank" for the "first time in three years," but Vance said Biden's to blame

Salon

Trump’s Ukraine mineral deal finally lands as US economy shivers

This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.

The Conversation

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Whether GDP swings up or down, there are limits to what it says about the economy and your place in it

The Bureau of Economic Analysis released the latest U.S. gross domestic product data on April 30. In the first three months of 2025, it said, GDP contracted by 0.3%. The GDP growth rate captures the pace at which the total value of goods and services grows or shrinks. Together with…

The Conversation

Seth Meyers on looming recession: ‘We all knew Trump was bad with money’

Late-night hosts discuss Trump’s attempts to shift blame for the shrinking US economy in the first quarter of 2025

The Guardian - US

Why do people continue to support politicians who attack their democracies? Expert Q&A

Ahead of a public event in London on May 8 on what the latest research can tell us about the state of democracy, The Conversation asked Scott Williamson, Associate Professor in Comparative Political Economy at the University of Oxford, to help us understand why people don’t always immediately push back…

The Conversation

McDonald’s sees its biggest sales drop since the pandemic as customers fearful of economy pull back on spending

The company acknowledged customers are ‘grappling with uncertainty’

The Independent UK

3 Consumer Discretionary Stocks to Buy in a Divided Economy

These 3 consumer discretionary stocks cater to consumers who are still spending; analysts agree and continue to raise their price targets for these stocks

MarketBeat

Asian shares rise in subdued holiday trading, as US futures jump

Asian shares have advanced, with many markets in the region closed for holidays, after U.S. stocks stormed back from steep early losses to a seventh straight day of gains

The Independent UK

Morning Mail: Nationals in One Nation deal, the man behind the Trumpet texts, top gong for Amyl and the Sniffers

A ‘handshake’ deal could help the Nationals win Hunter back from Labor; US economy stalls as Trump lashes out at interviewer

The Guardian - AU

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The Guardian - US

Democrats rally at US Capitol to decry ‘failure’ of Trump’s first 100 days

Lawmakers including Chuck Schumer denounce ‘failure’ on economy, costs, foreign policy, democracy and middle class

Kiplinger

Stock Market Today: Stocks Rally Back Before Mag 7 Earnings

An unexpected contraction in the U.S. economy and dismal jobs data arrived ahead of earnings from some of Wall Street's biggest names.

International Business Times

Everything Is Fine: Trump's Cabinet Shrugs Off Shrinking Economy

Contraction? What contraction?

Roll Call

Trump bets big on major corporations as Democrats pan 'whipsaw' first 100 days - Roll Call

President Trump's Wednesday speech showed just how much he is betting on executives to put their money where their profit-driven mouths are.

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The Guardian - US

If leaders stay silent, the US won’t survive Trump’s next 100 days

We are tottering on the edge of dictatorship. Powerful voices across institutions, from politics to academia and religion, must speak out

The Conversation

China has identified how to fight back against Trump’s tariffs, and is not ready to back down

US ports are now starting to see scheduled shipments from China decline as the result of Donald Trump’s 145% tariffs on Chinese goods. The port of Los Angeles, the biggest port for Chinese goods in the US, is predicting scheduled shipments in early May to be about a third lower…

The Independent UK

Tariff turmoil prompts cloudy forecasts from companies for the year ahead

Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a stark shift in U.S. policy

Al Jazeera

Trump blames predecessor as US economy hit by tariff policies

President asks for ‘patience’ as businesses react negatively to Trump’s aggressive efforts to upend global trade.

The Independent UK

AP PHOTOS: US stocks sink after a weak report on the economy

U.S. stocks are sinking following a discouraging report suggesting the U.S. economy may have shrunk at the start of the year, before most of U.S. President Donald Trump’s announced tariffs could take effect.

Kiplinger

May Fed Meeting: Updates and Commentary

The May Fed meeting came and went with little fanfare as Fed Chair Powell & Co. stuck to their data-dependent script toward interest rates amid tariff uncertainty.

Evening Standard

Wall Street falls while FTSE 100 regains losses after US economy shrinks

The American economy contracted by 0.3% in the first three months of the year amid Donald Trump’s threats of sweeping trade tariffs.

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