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The Latest Breaking News from Economy

GDP, PCE and Other Key Things to Watch this Week

Last week was a big one, showing a large shift in the Fed's actions as they cut rates by 50 basis points. Here are 5 things to watch this week in the market.

Barchart

The Mayor has an ambitious vision for Oxford Street- and it must be delivered quickly

Unlocking Oxford Street’s potential will deliver a significant boost to the economy - locally in the West End, across London and nationally too

Evening Standard

Latinos Poised to Boost U.S. Travel Economy by $165 Billion by 2025, Report Claims

Airbnb estimates that Latinos will increase their annual leisure trips by 10% and spend an additional $180 per trip

Latin Times

From analysis to the latest developments in health,
read the most diverse news in one place.

The Wall Street economist who nailed the Fed's 'joyous' rate cut sees the same thing again

"In other contexts, a larger move may convey greater concern about growth, but Powell repeatedly stressed this was basically a joyous cut as ebbing inflation allows the Fed to act to preserve a strong labor market."

Fortune

France set to announce new government after months of political deadlock

France is expected to finalise a new government by Sunday, with President Emmanuel Macron and Prime Minister Michel Barnier negotiating a cabinet reshuffle that marks a shift to the right. After months of political stalemate following snap legislative elections, key positions such as foreign, economy, and interior ministers are set…

Radio France Internationale

Economy Remains Top Concern For American Voters

2024 election polls show economy as top concern for voters, shaping preferences between Harris and Trump.

Top News

What are the political consequences of austerity? A history lesson for Keir Starmer

The British government has argued that a black hole exists in the public finances to the tune of £22 billion in this financial year. It claims that dealing with this will involve a period of fiscal restraint, which usually means spending cuts.

The Conversation

Germany Shuts Down 47 Crypto Exchanges 'Used For Criminal Purposes'

Germany has shuttered 47 crypto exchanges that it said had links to the "underground economy" and offered unregistered services that had lacking security and anti-money laundering measures.

International Business Times

UK debt hits 100% of GDP, the highest level since 1960s

Debt pile increases by 4.3 percentage points in year to August, adding to challenge for chancellor Rachel Reeves

The Guardian - UK

Rachel Reeves urged to reverse winter fuel cut amid £10 billion Budget boost

RACHEL Reeves is coming under pressure to reverse a cut to the Winter Fuel Payment after being handed a £10 billion Budget boost by the Bank of…

The National (Scotland)

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The Guardian - UK

UK consumer confidence tumbles as households fear ‘painful’ budget; UK debt hits 100% of GDP – as it happened

Consumers are nervously awaiting the budget, reports data provider GfK, while national debt hits highest level since 1960s

The Guardian - UK

Friday briefing: How nursing Britain back to health is central to Labour’s economic mission

In today’s newsletter: The UK was once called the ‘sick man of Europe’ for its ailing economy – but with 2.8 million people out of work with long-term sickness, the phrase can be taken literally today

The Conversation

Is life getting better for China’s tech billionaires?

According to the latest Bloomberg Billionaires Index, Pony Ma, co-founder of Tencent Holdings, is once again China’s richest person, now with a net worth of more than A$65 billion, placing him 27th globally.

Al Jazeera

As Sri Lanka votes, a $2.9bn IMF loan looms large

Ranil Wickremesinghe, Anura Kumara Dissanayake and Sajith Premadasa are contesting an election focused on the economy.

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Top News

President Biden Highlights Economic Progress And Future Goals

President Biden addresses the nation on US economy progress and future challenges, emphasizing the need for further action and commitment to driving econom...

France 24

Martinique grapples with major cost of living crisis

People in Martinique are protesting the cost of living. That's because food products on the island cost up to 42 percent more than in mainland France. Sri Lankans are gearing up for a presidential election – and this year, the economy will be at the top of voters' minds. The…

Barchart

1 Growth Stock to Buy Now as the Fed Begins Its Rate-Cut Cycle

The Fed has kicked off its rate-cut cycle with a 50-basis point cut. SoFi looks like a good stock to buy, as the Fed's rate cuts could revive sagging growth in the U.S. economy.

Reason

Immigration Is Better Than Industrial Policy

In demonizing the Haitian immigrants in Springfield, Ohio, J.D. Vance and Donald Trump have forgotten what makes an economy work.

Fortune

Top market strategist sees ‘nirvana’ after Fed rate cut, new economic data

“The Fed is cutting into one of the stronger economies we've seen in years," Yardeni Reseach's Eric Wallerstein told Fortune.

USA Today Sports Media Group

The Rise of Cryptocurrency in Various Industries: A Comprehensive Overview

In the past decade, cryptocurrency has transitioned from being a niche interest among tech enthusiasts to becoming a significant player in the global economy. The decentralized nature of cryptocurrencies, particularly Bitcoin, Ethereum, and other ...

The Independent UK

Biden makes ‘declaration of progress’ on economy after Fed cuts interest rates

Interest rates going down ‘will provide relief by making things more affordable’

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