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The Latest Breaking News from Economy

Bank of America CEO Brian Moynihan says both consumers and businesses are ‘slowing things down’—in fact, they’re acting like its 2016, a period of ‘very low growth’

"We gotta keep the consumer in the game in the U.S. economy because it's such a big part of it."

Fortune

We are entrusted with the pensions of 4.7 million American workers. We must ask private equity firms the hard questions—even if they don’t like it

The two major unions representing millions of teachers and construction workers invest in private equity—and want to hold it accountable.

Fortune

London set to net £53million as fans descend on capital for Champions League final spending spree

Economists calculate significant boost to the city’s economy as tens of thousands of fans descend on London for European club football showpiece

Evening Standard

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S&P Futures Tick Lower as Investors Await Key U.S. Inflation Data

June S&P 500 E-Mini futures (ESM24) are trending down -0.20% this morning as market participants refrained from making big bets ahead of the release of the Fed’s first-line inflation gauge.

Barchart

S&P Futures Tread Water as Investors Await Key U.S. Inflation Data

June S&P 500 E-Mini futures (ESM24) are trending down -0.13% this morning as market participants refrained from making big bets ahead of the release of the Fed’s first-line inflation gauge.

Barchart

Why do we need a Net Zero Economy Authority? And how can it fulfil its promise?

To support its climate agenda, the Albanese government is building new institutions. One of the most important will be the Net Zero Economy Authority. The proposed laws to create this authority are currently before the Senate.

The Conversation

Stock market today: Asian shares shrug off latest Wall St rout as Chinese factory activity weakens.

Asian shares are higher as investors shrug off yet another decline on Wall Street

The Independent UK

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Is Rishi Sunak facing a repeat of John Major’s 1997 landslide defeat?

The two Tory PMs both told voters the economy had turned a corner – but there is little comparison now with 27 years ago

The Guardian - UK

China factory indicator falls in May, suggesting growth has faltered

An official survey shows that factory activity in China slowed more than expected in May, suggesting further pressure on an economy already burdened by a prolonged crisis in the property industry

The Independent UK

Flood-hit Brazil Businesses Count Losses, Look To Future

The thriving economy of southern Brazil has been brought to its knees by historic floods, with vast agricultural land unusable and factories paralyzed.

International Business Times

Donald Trump: Realtor, Showman, President, Criminal

Donald Trump once boasted "When you're a star, they let you do it. Despite the sounds and the fury of four years of tweeting, he got some things done -- Republicans boast that the economy was better back then, and he at least started the border wall he had pledged…

International Business Times

Robert F. Kennedy Jr. Dismisses Importance Of Trump Trial

Robert F. Kennedy Jr. criticizes focus on Trump trial, prioritizes economy and health in his campaign.

Top News

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International Business Times

Africa Economic Growth Not Enough To Tackle Poverty: AfDB

Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday.

International Business Times

Fresh Economic Data Raises Questions About Fed Rate Cuts

The U.S. economy received some mixed news from fresh data released Thursday, including slight changes in inflation rates, jobless claims and gross domestic product (GDP).

The Independent UK

US economic growth last quarter is revised down from 1.6% rate to 1.3%, but consumers kept spending

The U.S. economy grew at a sluggish 1.3% annual pace from January through March, the government said in a downgrade from its previous estimate

The Independent UK

Qatar's offer to build 3 power plants to ease Lebanon's electricity crisis is blocked

Lebanon's caretaker economy minister says the country's rulers, fuel companies and private electricity providers have blocked an offer by gas-rich Qatar to build three renewable energy power plants to ease the crisis-hit nation’s decades-old electricity crisis

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The Independent UK

Job sectors to watch out for in 2024

With emerging technologies reshaping the workforce, is it time to explore the sectors poised for growth?

International Business Times

Global Stocks Sink On Rising Bond Yields Ahead Of Critical US Reports — A Typical Correction Or Something More Serious?

The critical driver behind rising bond yields worldwide is stubbornly high inflation, thanks to robust consumer spending in the world's largest economy and supply-side pressures. These pressures prevent central banks from easing monetary policy.

The Guardian - UK

Eurozone unemployment falls to record low; US GDP growth revised down – as it happened

BCC calls for improved relations with the EU to cut the costs for business, while sticky inflation worries markets

Top News

Google To Invest Billion In Malaysia For Data Center

Google and Microsoft's investments in Malaysia's cloud infrastructure set to boost economy and job creation, with Google's billion data center and Cloud...

The Guardian - UK

If Labour wins a 1945-style landslide, it will have no excuse for playing it safe

Sticking to the Tories’ nonsensical fiscal rules, as it says it will, would be a political and economic mistake, says the Guardian’s economic editor Larry Elliott

The Guardian - UK

Democracy under scrutiny as Nigerians struggle to afford the basics

Nigeria has played a major role in fostering democracy in Africa’s west but after 25 years its people are losing faith

Fortune

Economic optimism belongs to the wealthy and for some mysterious reason the young, according to new data from The Conference Board

The elite's confidence is closely tied to the stock markets, but what makes young people optimistic is confounding, according to data from The Conference Board.

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