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The Latest Breaking News from Economy

Fears of further market turmoil deepen after US economic data spooked investors

Analysts await key services sector metric to gauge US vulnerability to recession as stocks in Middle East fall amid regional tension

The Guardian - UK

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

Al Jazeera

Former President Trump Arrives In Atlanta For Rally

Former President Donald Trump engages with supporters in Atlanta, discussing economy and rallies, emphasizing his commitment to making America great again.

Top News

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Gold Prices Near Record Highs as Its Safe-Haven Appeal Lure Investors Amid Middle East Tensions

Gold prices hover near record highs as disappointing tech earnings, growing Israel-Iran tensions, and signs of weakness in the US economy stirred volatility in global stock markets.

International Business Times UK

OpenAI’s Sam Altman is becoming one of the most powerful people on Earth. We should be very afraid

Sam Altman’s ChatGPT promises to transform the global economy. But it also poses an enormous threat. Here, a scientist who appeared with Altman before the US Senate on AI safety flags up the danger in AI – and in Altman himself

The Guardian - UK

The countries where workers and their bosses are most and least engaged

The global economy has a $8.9 trillion worker motivation problem. But the U.S. and India have a slight edge over China, Japan, and Europe.

Fortune

Labour is still in its ‘phoney’ period. Far tougher tests await in autumn

When the honeymoon ends, Keir Starmer’s team will be judged on pressure points from the economy to North Sea oil drilling, writes Guardian columnist Martin Kettle

The Guardian - UK

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Hafta letters: Karnataka jobs quota, Indian cities, Trump

I have a question for the future Chief Justice of India, Anand. If you haven't watched the Sansad speech of RG or PM, how do you have such strong opinions of RG’s speech and an acceptable vision of PM’s speech? You have the right to have your bias, but if…

Newslaundry

Anger in Nigeria over the spiralling cost of living

Nationwide protests against Nigeria's rising cost of living enter day two. Demonstrators have clashed with police, prompting authorities to enforce curfews across several northern states. Also in this edition, a pipeline carring oil from Niger to Benin is under continued threat of attacks by armed rebels. The assaults risks hampering…

France 24

Valve's former economist says Steam could produce 'better macroeconomic forecasts' than Goldman Sachs with the power of crowdsourcing and brownie points

A haunting vision of a Valve that might've been.

PC Gamer

Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far

A surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm

The Independent UK

Wall Street Reacts To Jobs Report With Fear And Uncertainty

Wall Street reacts with 'Extreme Fear' as jobs report disappoints, but experts remain cautiously optimistic about US economy's resilience.

Top News

Senator Warren Criticizes Fed For Delayed Interest Rate Cuts

Senator Elizabeth Warren criticizes the Federal Reserve's delay in interest rate cuts, highlighting potential harm to the economy and job growth.

Top News

Weak July Jobs Report Signals Steep September Rate Cut: What the Experts Are Saying

A marked slowdown in hiring and rising unemployment means the Fed might have to make steep cuts to interest rates soon.

Kiplinger

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The Conversation

China needs to pick a side, and it just might pick the west

For the Kremlin, its “partner of no limits”, China, isn’t doing enough to aid Russia’s war against Ukraine. So, Russia has signed a peace treaty with North Korea, hoping to pressure China into backing Moscow’s war effort further.

Top News

July Jobs Report Shows Second-Lowest Monthly Gain Since December 2020

July saw 114,000 jobs added to the economy, reflecting ongoing recovery from COVID-19 impact. Experts remain cautiously optimistic despite lower figures.

Barchart

Stock Selloff Deepens on Signs the US Economy is Losing Momentum

The S&P 500 Index ($SPX ) (SPY ) today is down -2.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.78%. US stocks today are plunging, with the S&P 500 falling to an 8-week low,...

Evening Standard

OPINION - Britain should be training its own carers, not importing them — Labour must bring immigration down

It hasn’t taken long for the backtracking to get under way. The Home Secretary, Yvette Cooper, announced this week that the Government would not, in fact, be raising the income threshold for migrants to bring a spouse into the country for fear that it might “damage the economy”.

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The Independent UK

Economic recession fears grow after bleak jobs report and unemployment spike

The unemployment rate also saw a jump over the last month, now sitting at 4.3 percent

Top News

US Economy Faces Hiring Slowdown Amid Controlled Inflation

US jobs report shows a slowdown in hiring but more manageable inflation, posing challenges for policymakers and the Biden-Harris administration.

inkl

USA Virtual Numbers from Freezvon

The USA has always attracted many entrepreneurs from all over the world with its developed economy and stable political situation.

Top News

US Labor Market Cools Off, Raises Recession Concerns

US labor market slowdown and rising unemployment rates raise concerns about economic growth and potential recession.

The Independent UK

US added just 114,000 jobs in July, unemployment rate hits 4.3% as interest rates take economic toll

U.S. hiring decelerated sharply last month in the face of high interest rates as employers added a weak 114,000 jobs

Top News

Jobless Claims Rise, But Economists Remain Optimistic

Economists analyze recent jobless benefit increases, caution against immediate concern. Fluctuations expected in recovering economy.

The Guardian - UK

Fear of US recession rattles global markets as tech shares fall

Europe’s main indices all decline and Japanese equities suffer worst day since 2020 while gold hits fresh record

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