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The Latest Breaking News from Economy

The experience economy, fueled by gig-chasers and sports fanatics, is booming—and it will soon be worth $1.5 trillion

Events like the Formula One Grand Prix and the Olympics have spurred the growth of sports tourism, which accounts for a large piece of the experience pie.

Fortune

Federal Reserve interest rate cut bets rise as US jobs disappointment fuels growth fears – as it happened

Non-farm payrolls show US economy created 114,000 jobs in July, well below expectations, sparking speculation of an emergency interest rate cut

The Guardian - UK

Save our waves: surfing pumps $2.71 billion into the Australian economy and boosts wellbeing

Ever since Polynesian pioneers took to the ocean on wooden rafts, people have been hooked on riding waves. Today, surfing is one of the world’s fastest-growing sports and one of the latest additions to the Olympic games.

The Conversation

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US Economy Weakens As Interest Rates Stay

Stock markets declined on Thursday due to economic concerns and potential Fed rate cuts, impacting jobless claims and investor sentiment.

Top News

Stock Market Reacts To Concerns Over Fed Rate Cut

Traders anticipate Fed rate cut impact on stocks. Labor market strain and market correction cause concern. US economy shows resilience amidst challenges.

Top News

The Guardian view on interest rate cuts: helpful for some, but costs are too high for too many

Editorial: Even after the base rate reduction, businesses and households will still be paying record sums to borrow

The Guardian - UK

Korean Air says turbulence is knocking instant noodles off its economy menu

Turbulence is knocking a beloved instant noodle offering off Korean Air’s economy menu

The Independent UK

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Jane Stanley: Cerulean Orbits album review – music with an ear for texture and economy

The Glasgow-based Australian composer chamber works are played by the Red Note Ensemble with spark and energy

The Guardian - UK

Just nine people decide what happens to UK interest rates - but pressure for change is mounting

The inflation spike caused by external factors including the Ukraine war might be over, but the importance of interest rates to the UK economy isn’t going away. Continuing global instability and the newly elected Labour government’s commitment to growing the economy mean the Bank of England will have to stay…

The Conversation

Unemployment Claims Rise, But Remain At Healthy Level

Learn about the recent increase in US unemployment claims and its implications on the economy.

Top News

The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recovers

The Czech Republic’s central bank has cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected

The Independent UK

Bank Of England Cuts Interest Rate By 0.25%

Bank of England's rate cut aims to boost economy amid Brexit uncertainties. Lower rates may impact inflation.

Top News

The Bank of England interest rate cut is not enough

City Voices: The MPC needs to be much bolder

Evening Standard

Donald Trump tried to sway the Fed on when they should cut rates—Jerome Powell just threw down the gauntlet

Fighting words: "We're a non political agency. We don't want to be involved in politics in any way."

Fortune

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AAP

Housing 'defining issue' for economy, says treasurer

Rents remain a lingering source of inflation weighing heavily on household budgets, with the federal government keen to see more homes built to ease pressures.

Fortune

McDonald's McSlump is a symptom of the 'constant drumbeat' of the election, Columbia professor says

The election is making people think the economy is worse than it really is.

The Guardian - AU

Australians are struggling to make ends meet. This is not an economy in need of more rate rises

Inflation has risen again – but not because we’re splashing out on new clothes or fancy dinners

Fortune

Venezuela's Nicolas Maduro proves Milton Friedman right, 60 years later

Venezuela’s socialism started out democratically with Hugo Chavez’s election in 1998—then the Venezuelan economy—and democracy—collapsed.

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Top News

Slower Wage Growth For American Workers In Q2

Explore the impact of slower wage growth on the US economy in Q2 and its implications for consumers and businesses.

Top News

Federal Reserve Likely To Cut Rates In September Meeting

Federal Reserve Chair Powell's cautious approach to upcoming decisions and its impact on markets and economy.

Kiplinger

Nine Key Tips Self-Employed and Gig Workers Should Know About Retirement

Taking a non-traditional path may mean thinking beyond traditional savings options.

The Guardian - UK

Two City firms team up to invest £20bn of pension funds in UK businesses

Phoenix Group and Schroders will target fast-growing green energy, windfarms, solar, property and small business

Fortune

Surviving the ‘AI winter’: Startups need to know ‘when to go into hibernation’ if they want to thrive

It's now "a singular moment of hyper-inflated expectations for AI,” Jacqueline Poh, managing director of the Singapore Economic Development Board said Wednesday.

The Independent UK

Inflation ticks up in Europe, complicating the European Central Bank's next move

Inflation in the 20 countries that use the euro ticked up to 2.6% in July, stubbornly above the European Central Bank’s target and complicating the ECB’s next decision on whether to cut interest rates and boost growth as the economy struggles to stage a convincing recovery from more than a…

The Independent UK

People who refuse to take sick days are costing the economy billions every year, analysis says

A report calls for a ‘health-led economy’

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