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The Latest Breaking News from Economy

JP Morgan CEO Says U.S. Economy Still Strong Despite Challenges — Is He Right?

JPMorgan’s CEO says the U.S. economy is still strong—despite inflation and global risks. Is he right, or is trouble ahead for American markets?

GOBankingRates

4 of the Most Reliable Hybrid Cars in 2025

Looking for a dependable hybrid in 2025? These 4 models stand out for reliability, fuel efficiency and long-term value. See which ones made the list.

GOBankingRates

'Keir' name goes extinct after Starmer comes to power

KEIR Starmer can’t stop his party from tanking in the polls. He can’t stop the economy spiralling the drain.

The National (Scotland)

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Strengthening collective labor rights can help reduce economic inequality

Despite the strength of the U.S. economy, the gap between rich and poor Americans is increasing.

The Conversation

Productivity Commission proposes biggest company tax rate cut in 40 years

A 20% cut for small and medium businesses put forward as part of commission’s report on how to create more dynamic and resilient economy

The Guardian - AU

Indonesia bets a new sovereign wealth fund will finally unlock its potential

Rosan Roselani, Danatara CEO and ally of president Prabowo Subianto, needs to streamline Indonesia's lumbering state-owned giants.

Fortune

Albanese: 'Sanctions against me? An attack on the heart of multilateralism'

Wednesday marked the end of the two-day presentation in the Italian Parliament of the latest report by the UN Special Rapporteur for the Occupied Palestinian Territories, Francesca Albanese, recently sanctioned by the United States

Euronews

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Hong Kong Sees 3.1% Growth In Second Quarter

Hong Kong's economy grew by 3.1 percent in the second quarter, according to government estimates released Thursday, beating expectations, with strong exports buoyed by businesses racing to take advantage of US tariff easing.

International Business Times

Top 5 Ways Trump’s Policies Could Help Rich People in Need

If you ask your average American, nothing is sadder than a billionaire having to pay too much in taxes, right? Especially in this economy.

GOBankingRates

Stocks Soar Before the Open on Upbeat Meta and Microsoft Results, U.S. PCE Inflation Data and More Big Tech Earnings on Tap

September S&P 500 E-Mini futures (ESU25) are up +0.97%, and September Nasdaq 100 E-Mini futures (NQU25) are up +1.30% this morning as forecast-beating quarterly results from Meta and Microsoft boosted sentiment.

Barchart

Stock Market Today: S&P 500, Nasdaq To Open Higher After Robust Meta, Microsoft Earnings—Investors Await Apple, Amazon Results

U.S. stock futures rose on Thursday after ending on a mixed note on Wednesday. Futures of major benchmark indices were higher, except for the small-cap gauge Russell 2000.

Benzinga

Tax rises would force up prices for customers, retailers warn Reeves

There are growing questions over how the government will fill a black hole in the public finances at the next budget

The Independent UK

Fed's Powell leaves interest rates unchanged despite Trump demands

The Fed left its key short-term interest rate unchanged for the fifth time this year, at about 4.3%, as was expected.

Euronews

Asian shares are mixed after US stocks fall on weakened hopes for a September interest rate cut

Asian shares are mixed after most U.S. stocks slipped, as doubts rose on Wall Street about whether the Federal Reserve will deliver economy-juicing cuts to interest rates by September

The Independent UK

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The Guardian - AU

Ukraine war briefing: Kremlin says it has ‘immunity’ to US sanctions as Trump deadline looms

Russia says it has been living under ‘a huge number of sanctions’ for some time; attacks on Ukrainian capital leave six dead. What we know on day 1,254

The Guardian - UK

Labour says firms will be penalised for late payments to suppliers

Government drive to support small business will include startup loans for 69,000 companies worth £4bn

Clever Dude

6 Car Brands With Hidden Recall Histories Not Disclosed at Sale

When you are buying a car, it is incredibly important to do your research. That should go beyond the price and fuel economy. You need to look into any recalls on the vehicle, too. It might come as a surprise to you that not all dealerships or sellers will tell…

International Business Times

Trump Punishes Brazil With Tariffs, Sanctions Over Trial Of Ally Bolsonaro

President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy.

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The Conversation

Big tech says AI could boost Australia’s economy by $115 billion a year. Does the evidence stack up?

AI is on the agenda in Canberra. In August, the Productivity Commission will release an interim report on harnessing data and digital technology such as AI “to boost productivity growth, accelerate innovation and improve government services”. Shortly afterward, the government will host an Economic Reform Roundtable where AI policy will…

Barchart

Dollar Rallies and Gold Sinks as Powell Pushes Back Against Rate Cuts

The dollar index (DXY00 ) on Wednesday extended this week’s rally and rose by +0.88% to a 2-month high. Signs of strength in the US economy boosted the dollar Wednesday after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP expanded...

Barchart

Threats of Additional Sanctions on Russian Energy Exports Lift Crude Prices

September WTI crude oil (CLU25 ) on Wednesday closed up +0.79 (+1.14%), and September RBOB gasoline (RBU25 ) closed up +0.0262 (+1.20%). Crude oil and gasoline prices on Wednesday extended this week's rally to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude...

Fortune

Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut

The Fed cited the economy’s resilience as part of its motivation for maintaining rates.

Al Jazeera

US Q2 GDP growth masks broader economic downturn

Consumer spending ticked up slightly after a near halt, but private sector investments plunged in the second quarter.

Evening Standard

FTSE 100 ends flat ahead of likely US rate hold

The FTSE 100 index closed up just 0.62 of a point at 9,136.94.

Barchart

Crude Prices Supported by President Trump's Threats to Sanction Russian Energy

September WTI crude oil (CLU25 ) today is +0.56 (+0.81%), and September RBOB gasoline (RBU25 ) is up +0.0183 (+0.84%). Crude oil and gasoline prices extended this week's rally today to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude prices after the...

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