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The Latest Breaking News from Economy

Market Volatility Update: Understanding Recent Global Market Trends

Understand the recent market selloff triggered by factors like carry trade unwind and US economic concerns. Despite volatility, the US economy remains strong.

Top News

Rachel Reeves says Canadian model for pension funds can ‘fire up’ UK economy

The chancellor has called on schemes to join together and invest billions in Britain as she tries to hit her growth targets.

The Independent UK

Japan's share benchmark resumes swings after calm day on Wall Street

Shares have mostly gained in Asia, with Japan's benchmark Nikkei 225 index falling shortly after the open and then bouncing as it climbed higher

The Independent UK

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Food Bites: Newcastle venues unite to boost city's nightlife

The NSW 24-Hour Economy Commissioner has been in town.

Newcastle Herald

Experts warn new EU deal needed with ‘Brexit uncertainty’ still damaging confidence in UK economy

Brexit renegotiation and a massive increase in public investment are needed if Keir Starmer and Rachel Reeves want to turn around the UK’s flagging economic fortunes, a major thinktank has said

The Independent UK

Minnesota Gov. Tim Walz Criticizes Trump's Record On Covid-19

Minnesota Governor Tim Walz criticizes former President Trump's handling of Covid-19, the economy, and crime during a rally in Philadelphia.

Top News

Top economist Mohamed El-Erian warns an emergency Fed rate cut could reinforce a negative spiral and help spark a recession

“It’s a little bit like wanting to go to the emergency room for a cough,” El-Erian told Fortune.

Fortune

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The RBA left interest rates on hold – but don’t get your hopes up for a cut any time soon

Governor Michele Bullock makes clear that any expectation of rate cuts this year ‘not aligned’ with bank’s present thinking

The Guardian - AU

Asylum seekers aren’t ‘taking your jobs’ – but it would be better for all of us if they could work

Amid the racist, far right violence sweeping the UK this week has been a theme present in anti-immigration politics around the world: the idea that immigrants are “taking” jobs that would otherwise go to native-born residents. The economics of labour migration are complicated, and there has been plenty of research…

The Conversation

A Recession for Kamala?

Plus: Violence in the U.K., dead bears in Central Park, parenting influencer absolutely roasted, and more...

Reason

Nikkei 225 Index Soars Over 10% In Market Rebound

Global markets experience volatility with Nikkei 225 surge, U.S. economy concerns, and positive U.S. futures. Stock gains offset losses, influenced by Bank...

Top News

Biden Administration Maintains Confidence In Healthy Economy Amid Market Volatility

Biden administration remains positive on economy despite market volatility. Powell's speech at Jackson Hole awaited for potential interest rate cuts.

Top News

Wall Street Tantrum: US Economy Still Strong Despite Turbulence

Understand recent Wall Street panic, reasons behind market volatility, and reassurance of US economy's strength amidst fluctuations.

Top News

It's not the Fed's job to make the market 'comfortable' says Fed president

Analysts holding out for the Fed to rescue the stock market might be waiting in vain

Fortune

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The Guardian - US

The United States is not facing an imminent recession. This is nonsense

The American economy is still growing. There is no reason to panic, despite Trump’s ‘world war three’ comments

The Guardian - UK

Japanese stocks soar after massive sell-off shook global markets

Japan’s Nikkei 225 index closes more than 10% up with other Asia markets rebounding on Tuesday

International Business Times

Tokyo's Nikkei Index Closes Up 10.2% After Previous Day's Record Fall

Tokyo's key Nikkei index closed more than 10 percent higher Tuesday, bouncing back from a record selloff the previous day on worries over the US economy and a stronger yen.

Newslaundry

On front pages: Attacks on Hindu homes, Hasina’s phone call, and Delhi impact

From being seen as a miracle economy years ago, Bangladesh on Monday looked like a South Asian tragedy, with Sheikh Hasina fleeing the country and protesters storming her home. The contours of its interim government are yet to be defined while economic problems are likely to worsen.

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The Guardian - AU

Share market chaos explained: what’s behind the stock meltdown and will there be a recession?

Share markets around the world saw huge falls on Monday – with Japan’s Nikkei sinking by 12% – after questions over the health of the US economy

The Independent UK

Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices

Saudi oil giant Aramco has reported half-year profits of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy

International Business Times

Tokyo Stocks Surge After Previous Day's Record Fall

Tokyo stocks surged Tuesday following a record selloff the previous day that was fuelled by worries over the US economy and a stronger yen.

International Business Times

Asian Stocks Rebound From Rout As Fed Faces Calls To Cut Rates Early

Asian equities rallied Tuesday after the previous day's global rout fuelled by US recession fears that have led to calls for the Federal Reserve to cut interest rates before its next meeting.

The Independent UK

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Japan's benchmark Nikkei 225 index has soared more than 10% a day after it set markets tumbling in Europe and on Wall Street, while other world markets appeared to have settled after the rollercoaster ride that started the week

Fortune

The 5 reasons behind Monday’s global stock market rout

"The ‘Wall of Worry’ certainly has a broad enough foundation currently,” Jack Janasiewicz, lead portfolio strategist at Natixis Investment Managers, said.

Top News

San Francisco Fed President Daly: US Economy Slowing, Not Collapsing

San Francisco Federal Reserve President Mary Daly discusses concerns about softening US economy and potential rate cut.

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