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The Latest Breaking News from Economy

Rachel Reeves pledges to ‘fix foundations’ of UK economy with growth plan

Chancellor will use first speech to declare ‘national mission’ that involves unblocking infrastructure and private investment

The Guardian - UK

Reeves warns of ‘difficult decisions’ as she outlines plan to reverse £140bn Tory black hole

Rachel Reeves is expected to claim today that Tory mismanagement over 14 years has left the UK economy £140bn smaller than it should be

The Independent UK

Job Seekers Prioritize Stability, Pay, And Engagement In Uncertain Economy

Job seekers face challenges in an uncertain job market, prioritizing stability, fair pay, and meaningful engagement in their career pursuits.

Top News

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The Fed could slash rates by 200 points over 8 meetings as the economy signals a sharper downtrend, Citi says

Citi sees the Fed slashing rates from 5.25%-5.5% now to 3.25%-3.5% by July 2025.

Fortune

What would a Harris candidacy mean for the elusive independent woman voter?

Polling shows critical group unenthused about Biden and Trump – and moved by economy over abortion

The Guardian - US

Of the UK economy’s two possible endings, the happy one is more likely

Will the credits roll as Starmer wins big in 2029 or will Reeves be boxed in by her own fiscal rules and leave the economy in a worse state?

The Guardian - UK

Unauthorized immigrants have been playing a key role in Idaho's economy, report shows

In Idaho, undocumented immigrants pay a little over $26.3 million in taxes each year

Latin Times

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The week in TV: Supacell; Skint: The Truth About Britain’s Economy; A Good Girl’s Guide to Murder; The Man With 1,000 Kids – review

A south London superhero drama feels scrappy but real; economist Tim Harford dishes up hard facts; a gen Z Miss Marple is pure middle England. Plus, one seriously rogue sperm donor

The Guardian - UK

Kenya's dramatic flooding sweeps away a central part of the economy: Its farms

Kenyan farmers' financial security and optimism have been shaken by recent flooding

The Independent UK

One of the most accurate recession indicators is close to sounding the alarm as unemployment continues to rise

While the current jobless rate is still historically low, its rate of increase could be a sign of deteriorating economic conditions.

Fortune

Tax cuts, rates chatter to play into consumer sentiment

Consumer and business confidence surveys are due out this week and are likely to show ongoing weakness to reflect a waning economy.

AAP

My generation can barely recall the last time Labour was in power. We need to believe things really can get better

Young people are desperate to see how activism on climate, Palestine and the economy translates into policy, says writer Isabel Brooks

The Guardian - UK

Investor Alert: Should We Be Worried About Recession?

Even though the S&P 500 (SPY) is making new highs, there are signs the economy is slowing. In fact, it is possible we could slip into a recession if the Fed does not play its cards right. This creates an interesting cross roads for investors as recession typically results in…

StockNews.com

New UK Government Faces Tough Economic Challenge

Britain's new Labour government on Friday pledged immediate action to grow the economy after the centre-left party won a landslide general election victory.

International Business Times

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International Business Times

Rachel Reeves: Britain's First Woman Finance Chief

Rachel Reeves, Britain's first woman finance minister, is a former child chess champion and Bank of England economist who has pledged to grow the nation's economy while showing strong fiscal discipline.

Top News

Stock Futures Rise Slightly After Release Of Jobs Report

Futures on S&P, Nasdaq, and Dow rise post jobs report, sparking rate cut speculations. Analysts express mixed sentiments on economy's trajectory.

The Conversation

Rachel Reeves is the UK’s first female chancellor. Here’s why that’s so significant

Rachel Reeves has made history by becoming the UK’s first female chancellor of the exchequer, bringing with her a significant promise for change in economic and financial policy-making at the highest level.

International Business Times

US Hiring Cools In June, Unemployment Up Slightly: Govt

US job gains eased slightly in June while unemployment edged up, government data showed Friday, in the latest sign that the world's biggest economy is cooling as policymakers hope.

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The Guardian - UK

‘They need to be brave’: business leaders react to Labour’s victory

Figures from across industry on the challenges Keir Starmer must tackle, from strikes to post-Brexit trade

The Guardian - US

US economy adds 206,000 June jobs as labor market cools slightly

Number is close to what was expected, as unemployment rate creeps above 4% for first time in two years

Fortune

Gen Z’s enthusiasm for all things touchable is resurrecting the analog economy—and costing parents

Live Nation had its biggest year yet for concert attendance. Print book sales are at a record high. The vinyl record industry has enjoyed a resurrection.

The Independent UK

Liz Truss loses seat as ex-prime minister becomes biggest scalp in Tory bloodbath

Truss’ defeat comes after disastrous stint as prime minister that crashed the economy and soured party’s chances of returning to power

The Guardian - UK

UK stocks, sterling, bond prices rise as business calls for ‘fresh start’ under Labour – as it happened

TUC says Labour has ‘historic opportunity’ to ‘repair and rebuild Britain’ as Goldman Sachs raises UK growth forecasts

The Independent UK

US jobs report for June is likely to point to slower but still-solid hiring

The American job market likely cooled last month while still remaining fundamentally healthy, which would be welcome news for the Federal Reserve in its drive to fully tame inflation

International Business Times

GM To Pay $146M In Penalties Due To Non-Compliance Of Old Vehicles On Emission Standards

The National Highway Traffic Safety Administration revealed that several of the carmaker's vehicles from 2012 to 2018 did not comply with federal fuel economy requirements.

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