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The Latest Breaking News from Economy

Fed Chair Powell says the US economy is in 'solid shape' with more rate cuts coming

Federal Reserve Chair Jerome Powell has signaled that more rate cuts are in the pipeline, though their size and speed would depend on the evolution of the economy

The Independent UK

Potential Dockworkers Strike Threatens U.S. Ports And Supply Chains

Potential strike by 45,000 dockworkers could disrupt US ports, impacting supply chain and economy.

Top News

Israeli invasion could push an already unstable Lebanon over the edge into total state collapse

The Israeli invasion of Lebanon has begun – and there are reports of heavy fighting between units of the Israel Defense Forces and Hezbollah in south Lebanon, accompanied by airstrikes and shelling of Hezbollah positions.

The Conversation

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Azerbaijan is using Cop29 to ‘peacewash’ its global image

Azerbaijan is hosting the next UN climate summit, Cop29, in November. Their proposed agenda omits discussions on phasing out fossil fuels and excludes civil society participation. This is not a surprise. Azerbaijan has recently increased oil and gas production, and aims to diversify its economy by expanding mining.

The Conversation

Alibaba Stock Q4 Forecast: Is It Too Late to Buy BABA After the Rally?

Last week, Alibaba stock rallied amid the broad-based rally in Chinese stocks. BABA stock's forecast looks positive and it is still not too late to buy the Chinese e-commerce giant.

Barchart

Are digital tools a way for companies to retain hourly workers?

The COVID-19 pandemic and the resetting of the economy that followed it made hourly workers more aware of their value

The Independent UK

Kamala Harris is closing in on the perfect economic message—but the left’s price-gouging exaggerations could undermine it

Harris, unlike some of her supporters, does not assert that universal market failure driven by excessive profit-taking is the cause of inflation.

Fortune

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Donald Trump and the "pride paradox"

"Trump brilliantly prospected for white, blue-collar shame, found it, converted shame to blame and set it on fire"

Salon

China’s beleaguered real estate shares jump almost 10% after Beijing makes its ‘strongest housing pledge to date’

Investors gave China's stock markets their best week in years after Beijing promised more stimulus measures to support the economy.

Fortune

In Las Vegas, housing could make or break the battle for the White House

Nevada, once known for its low living costs, has seen house prices soar and rents climb – can Trump take advantage?

The Guardian - US

‘More Trump than Trump’: JD Vance becomes effective Maga messenger

After an inauspicious start, the Ohio senator has become a tribune for Trump’s biggest issues: immigration and the economy

The Guardian - US

Kamala Harris’s economic policy slate more popular than Trump’s – poll

Exclusive: Harris Poll for Guardian finds Democrat put forward four of top five most popular economic proposals

The Guardian - US

Kamalanomics: What businesses can expect in a Kamala Harris presidency

The vice president hasn’t done much to woo Big Business, but many executives would still rather take their chances with her than the alternative.

Fortune

New figures show UK economic growth weaker than first thought

The UK economy continued its recovery from recession at the end of last year

The Independent UK

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International Business Times

New Blow For UK's Starmer As Growth Data Disappoints

Britain's economy grew less than initially estimated in the second quarter, revised official data revealed Monday, dealing another early blow to new Prime Minister Keir Starmer and his Labour government.

Al Jazeera

How secondhand clothes took Zimbabwe by storm – and hammered retail

The country’s clothes manufacturers are taking a beating from imported ‘preloved’ clothes and a struggling economy.

The Independent UK

Japan's stocks slump after prime minister election; Shanghai benchmark soars more than 5%

Asian markets have had a wild start to the week, with Tokyo's Nikkei 225 index tumbling nearly 5% while Chinese markets soared on news of fresh stimulus for the faltering economy

The Independent UK

China factory surveys show economy weakening, as Beijing steps up support

Surveys of Chinese factory managers show the economy weakening in recent weeks, as the government ratchets up stimulus

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news in one place.

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International Business Times

China Megacities Ease Homebuying Rules To Boost Property Market

Three Chinese megacities on Monday eased restrictions on buying homes and Beijing's central bank said it would ask financial institutions to lower mortgage rates, as the country seeks to pull itself out of a housing slump.

The Guardian - UK

UK business confidence dips to lowest level since general election

Research concludes Labour warnings of tough budget may have sapped optimism about the economy

AAP

Australian optimism tempered over Chinese stimulus

Australia has welcomed a major Chinese stimulus as its stalling economy has flow-on effects but the treasurer has warned about being overly optimistic.

International Business Times

US Eastern, Gulf Coast Ports Prepare For Shutdown Ahead Of Dockworkers' Strike

The Tuesday strike by the International Longshoremen's Association could cost the American economy as much as $7.5 billion a week.

Barchart

Powell, PMI's and Other Key Things to Watch this Week

Powell is speaking Monday at 1 pm Eastern at a conference in Nashville and PMI's are due out on Tuesday and Thursday.

The Guardian - UK

What are the four candidates’ pitches to become next Tory leader?

How Jenrick, Badenoch, Cleverly and Tugendhat stand on immigration, the economy and foreign policy

AAP

Bigger budget surplus not 'an end in itself'

Treasurer Jim Chalmers says a better-than-expected $15.8 billion budget surplus doesn't mean cost-of-living measures have been forgotten.

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