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The Latest Breaking News from Economy

US Can Avoid Recession If 'Well-To-Do' Continue To Spend, Says Moody's Economist: 'If They Turn More Cautious...'

Mark Zandi, the chief economist at Moody’s Analytics, highlighted the role of the wealthy in driving the U.S. economy.

Benzinga

Amid Bustling Streets, Americans Carry Quiet Worries About The Economy

The University of Michigan's consumer-sentiment index fell to 55.4 in September, its lowest since May, reflecting growing worries about job security, rising costs and inflation.

International Business Times

Affluent Americans Are Losing Faith In The Economy And That's A Problem For Everyone

Economic growth isn't just a matter of macro numbers; it's a matter of confidence. And when confidence falters among the people who drive the lion's share of discretionary spending, the warning lights start blinking.

International Business Times

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The economy's prospects are reliant on the 'fortunes of the well-to-do' says Moody's, if the ultra-rich get nervy that means recession

Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem."

Fortune

Hong Kong Leader Unveils Plan To Boost Growth With Border Mega-project, AI Push

Hong Kong's leader outlined plans Wednesday to diversify the city's economy and accelerate growth, including fast-tracking an ambitious border development project and establishing the artificial intelligence sector as a "core industry".

International Business Times

The Federal Reserve wrestles with how many interest rate cuts to make and how fast

With the Federal Reserve widely expected to reduce its key interest rate by a quarter-point to about 4.1%, economists and Wall Street investors will be looking Wednesday for signs of how deeply the Fed might cut rates in the next few months

The Independent UK

Hong Kong leader unveils plans to boost economy and nurture emerging industries beyond finance

Hong Kong's leader has announced plans to accelerate the development of an economic hub near its border with mainland China

The Independent UK

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The ‘anxiety economy’ is booming. But should companies be profiting from our fears?

When the newly appointed chief executive of tracking app Life360 recently described the company as part of the “anxiety economy”, it sounded like a throwaway phrase. But it was also surprisingly candid.

The Conversation

Failed house buys costing Brits £1.5bn a year as government urged to fix ‘antiquated’ system

Buyers are being let down by a system that ‘drains their mental, emotional and physical health’, Santander say

The Independent UK

Santander UK urges overhaul of ‘antiquated’ home-buying process

A report commissioned by Santander UK said the property market ‘sticks out like a sore thumb’ in an era marked by digitisation in daily life.

The Independent UK

Worried About Inflation? Buy a Home

Inflation has remained doggedly persistent in the United States economy since the coronavirus pandemic of 2020. Although the Consumer Price Index (CPI) has fallen dramatically from its peak of 9.1% in...

GOBankingRates

Al-Qaida-linked militants target fuel trucks in Mali in a blockade that could squeeze the economy

Militants linked to al-Qaida have burned around 100 fuel trucks heading to Mali's capital

The Independent UK

From batteries to EV chargers, Australia and NZ need these 3 fixes to hit net-zero at less cost

New figures show Australians bought a record 85,000 home batteries in the first half of 2025. That’s almost three times more than the year before, and nearly fivefold growth since 2022.

The Conversation

Deinfluencing shapes how we think about shopping, and our economy

Valued at more than US$250 billion, the influencer industry is the centre of the digital economy.

The Conversation

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MarketBeat

If a Recession Is Coming, You'll Want to Own These 2 Stocks

With the economy flirting with a recession, investors who shore up their portfolios with defensive consumer staples stocks are likely to feel less pain.

The Conversation

Cameroon could be turning waste to energy: study uncovers why it’s not, and sets out solutions

Many African cities still struggle with litter and garbage that is not properly disposed of. This poses serious public health risks. It attracts vectors of disease like mosquitoes and flies, and can lead to cholera and malaria outbreaks.

The Conversation

Fed, under pressure to cut rates, tries to balance labor market and inflation – while avoiding dreaded stagflation

The Federal Reserve is in a nearly impossible spot right now.

The Guardian - US

AI will make the rich unfathomably richer. Is this really what we want?

The ‘knowledge economy’ promised cultural and social growth. Instead, we got worsening inequality and division. Artificial intelligence will supercharge it

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Barchart

September Fed Meeting Prep: Rate Cut Odds, Stagflation Risk, and White House Conflict

Here’s what to expect as Fed Chair Jay Powell and the FOMC head into a highly anticipated meeting, where investors have priced in a rate cut of 25 basis points almost unanimously.

The Independent UK

Netanyahu claims trade boycotts over Gaza will force Israeli economy to become ‘super Sparta’

Israeli PM admits Israel is ‘in isolation’ amid growing alarm over the humanitarian crisis unfolding in Gaza

The Guardian - UK

Who benefits if NHS drug prices soar? Donald Trump and big pharma. Just one more way he’s menacing Britain

The NHS needs cheap drugs, and our economy needs a thriving pharma industry. The president threatens both – no wonder Labour is grovelling to him, says Guardian columnist Polly Toynbee

The Guardian - UK

UK state pension likely to rise by 4.7% under triple lock

Increase will put further pressure on Rachel Reeves as ONS figures show pay growth slowing and job losses rising

Evening Standard

Google to invest £5bn in UK over next two years

Chancellor Rachel Reeves said it is a ‘vote of confidence’ in the UK economy.

The Independent UK

Google launches £5bn AI investment in UK ahead of Trump’s visit

It follows reports that OpenAI, the firm behind ChatGPT, and Nvidia are also set to announce billions in UK data centre investments

The Independent UK

Couldn't it make it to see Bad Bunny in Puerto Rico? He's livestreaming his last concert

Bad Bunny’s residency in Puerto Rico has boosted the island’s economy and stoked conversations about its identity and struggles

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