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The Latest Breaking News from Economy

Trump suggests he could remove US Fed Reserve Chair Jerome Powell

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

Euronews

Japan Rice Prices Soar As Core Inflation Accelerates

Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world's number four economy.

International Business Times

Fears of the economy tanking are now higher than they were at the height of the Covid pandemic

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

The Independent UK

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Voters Keep Losing Confidence On Trump's Tariffs As Recession Warnings, Stock Losses Mount

New polls suggests voters are continuing to approve President Trump's immigration policies, as deportations ramp up, while having negative reaction on tariffs.

Latin Times

Dollar Slightly Higher on US Trade Deal Hopes

The dollar index (DXY00 ) Thursday finished little changed, up +0.01%. The dollar found support Thursday due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese officials on a trade deal and expressed confidence that the US would reach a trade...

Barchart

Countries Must 'Make The Best' Of New Multipolar World: IMF Chief

Countries have no choice but to "make the best" of the fragmentation of the global economy by boosting ties with regional and like-minded countries, the head of the International Monetary Fund said in an interview Thursday.

International Business Times

Common Weal: It's Scotland's economy. Or is it?

Good evening! This week's edition of the In Common newsletter comes from Craig Dalzell, head of policy and research at Common Weal

The National (Scotland)

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Trump wants lower interest rates to ‘counteract’ the inflation from his own tariff policies

“The White House’s actions have made it harder for the Fed to cut rates,” said a Columbia Business School professor.

Fortune

Tariffs don’t just affect the global economy, but create political instability as well

United States President Donald Trump’s tariff policies have created economic chaos in their aftermath. The stock markets are off to their worst start to a presidential term in modern history.

The Conversation

Global Economy on Edge: UNCTAD and WTO Forecast Deepening Slowdown for This Year

Global economy lurching towards a precarious downturn, with growth forecast to slump to a mere 2.3% in 2025

International Business Times UK

Dollar Gains on US Trade Deal Hopes

The dollar index (DXY00 ) today is up by +0.09%. The dollar is modestly higher today due to some optimism about US trade talks after President Trump said US negotiators made “big progress” with Japanese officials on a trade deal. The dollar also rose after US weekly jobless claims unexpectedly...

Barchart

World Economy Should Avoid Recession Despite Tariffs, IMF Chief Says

The global economy is likely to avoid a recession despite the hit to growth from US President Donald Trump's tariff rollout, the head of the International Monetary Fund said Thursday.

International Business Times

Trump says Fed chair is ‘too late’ on interest rates: ‘Powell’s termination cannot come fast enough!’

A day earlier, Federal Reserve chair Jerome Powell offered a pessimistic view of the economy because of the White House’s tariff policy.

Fortune

Trump's Tariff Storm A Threat To Dollar's Dominance?

As President Donald Trump's tariffs threaten the US economy, questions are being asked about how long the dollar can maintain its status as the world's key trading and reserve currency.

International Business Times

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Fortune

Fed Chair Powell warns of tariff turmoil as big company stocks struggle

The economy now faces "heightened downside risks," says Powell.

MarketBeat

United Airlines Is in Reversal—If the Economy Doesn’t Stall

United Airlines forecasts a robust year if the economy doesn't stall. While risks are present, a stall is unlikely until the second half or later.

International Business Times UK

Petrol Price Plunge Sends UK Inflation Tumbling to 2.6% – But Is It Just a Blip?

Falling petrol prices have pushed UK inflation to 2.6%, but experts warn of rising energy costs and taxes. Learn how to protect your finances in this volatile economy

International Business Times

China Selling Seized Digital Assets? Crypto Users Troll Local Governments In 'Germany Type Move'

Local governments in China are reportedly dumping their seized Bitcoin and other cryptocurrencies amid a slowing economy – crypto holders blasted the move, reminding the community of how a similar move ended for Germany.

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The Independent UK

Voices: Sadiq Khan: Here’s one thing I know that’ll get us closer to Europe – and a post-Trump bump

COMMENT: A new youth mobility scheme will bring the UK and the EU some much needed connection – and a shot in the arm for business, too, writes London mayor Sadiq Khan

The Conversation

Why healthy eating may be the best way to reduce food waste

Australians waste around 7.68 million tonnes of food a year. This costs the economy an estimated A$36.6 billion and households up to $2,500 annually.

The Independent UK

Gavin Newsom’s California becomes the first state to sue Trump over his tariff plan

The suit argues that as a ‘global leader in trade,’ the Golden State will bear an ‘inordinate share’ of the costs resulting from the sweeping levies

Kiplinger

Stock Market Today: Dow Drops 699 Points After Powell Speech

Fed Chair Powell warned of a slowing economy and higher inflation but said the central bank isn't ready to cut rates just yet.

The Independent UK

For the first time in years, the public trusts Republicans less on the economy than Democrats, poll finds

Trump’s own economic approval rating has fallen as he continues his trade war with China

Fortune

Jerome Powell’s warning on Trump’s tariffs: There’s no ‘modern experience of how to think about’ the White House’s trade policy

In a speech on Wednesday, Federal Reserve Chair Jerome Powell warned of higher prices, “continued volatility” in the markets, and the looming threat of stagflation.

International Business Times

Global Economy at an Inflection Point Again: Christian Urbina on Fiscal Strategy, Global Trade, and Investment Planning

Christian Urbina, President, CEO, and Chief Investment Officer of Prosperitus Wealth Advisors, LLC, believes this is a moment that demands clarity, strategy, and thoughtful action.

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