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The Latest Breaking News from Economy

US economy going strong under Biden – Americans don’t believe it

Despite a strong economy, an exclusive Guardian poll shows mistrust in media and government means disbelief in both parties

The Guardian - US

Markets rally amid hope for global economy and interest rates peaking

HOPES that the global economy could shrug off long standing sluggishness and move into growth increased today with some decent economic statistics from China.

Evening Standard

China’s factory output improves, offering hope of easing economic slowdown

Investment in real estate continues to fall, underscoring weakness in all-important property sector.

Al Jazeera

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Stock market today: Asian shares gain after data show China's economy stabilizing in August

Asian shares are mostly higher after China reported that its slowing economy showed signs of stabilizing in August

The Independent UK

China economic data show signs slowdown may be easing, as central bank acts to support growth

China has reported its factories picked up their pace and retail sales also gained momentum in August, suggesting the economy may be gradually recovering from its post-pandemic malaise

The Independent UK

China welcomes Cambodian and Zambian leaders as it forges deeper ties with Global South

The leaders of China and Zambia have announced an upgrading of their ties to a comprehensive strategic cooperative partnership, as the world’s second-largest economy forges deeper ties with the Global South

The Independent UK

Stocks Close Higher on Optimism the U.S. Economy is Headed for a Soft Landing

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.96%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.82%. Stocks on Thursday settled moderately higher, with the S&P...

Barchart

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Watch live: Biden delivers economic address in Maryland amid son’s indictment

Watch live as President Joe Biden makes remarks on the U.S. economy at Prince George’s Community College in Maryland .

The Independent UK

One of Australia’s richest men apologises after calling for job losses

Property developer Tim Gurner says ‘we need to see pain in the economy’ to curb ‘arrogant’ workers

Evening Standard

Retail Sales Hold Up, But The U.S. Economy Is Bracing For Trouble; S&P 500 Rises

Retail sales topped forecasts but the U.S. economy faces multiple headwinds and potential jolts ahead.

Investors Business Daily

What a crop of upcoming IPOs from Birkenstock to Instacart tells us about the economy

A crop of IPOs are coming, starting with chip designer Arm, which is making its debut on Thursday. It's another sign of confidence in markets — and the U.S. economy.

WEKU

Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’

Property developer and Gurner Group CEO says suggestion unemployment should increase by 40% to 50% to create more productive workers was ‘wrong’

The Guardian - AU

Australian economy adds 65,000 jobs in August, raising prospect of further rate hikes

Unemployment rate remains steady at 3.7% in a sign that the economy could avoid a hard landing as impact of 12 interest rate rises is felt by households

The Guardian - AU

How action over parliamentary spying scandal could affect the UK's economic relationship with China

The arrest of a parliamentary researcher on suspicion of spying for China has fuelled calls in Westminster for tougher action against China by the UK government. This could impact the UK economy since China is an important trading partner and industry investor.

The Conversation

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Fortune

New Census data shows why Americans hate the economy despite economists telling us to feel good about it

Real incomes fell for the third year in a row.

Evening Standard

OPINION - The next recession may have already begun

If the UK economy soon slips into recession, we will likely gesture vaguely at summer – such as it was – for when the contraction began. GDP shrank by 0.5 per cent in July, the sharpest decline since December, with services, production and construction all shrinking.

The National (Scotland)

SNP MPs heard laughing as Labour's Ian Murray raises 'random' key by-election seat

SNP MPs could be heard laughing in the House of Commons after Labour’s Ian Murray raised the “random constituency” of Rutherglen and…

The Independent UK

Watch: Sunak faces Starmer at PMQs as UK economy shrinks

Watch as Rishi Sunak faces Sir Keir Starmer at Prime Minister's Questions (PMQs) on Wednesday, 13 September.

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The Independent UK

UK economy shrinks in July amid bad weather and doctors' strikes

The British economy shrank by 0.5% in July after a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather

Evening Standard

Barbenheimer blockbusters save economy from even worse GDP dive

The sports activities and amusement, recreation activities sector surged 12.4% in the month as the rest of the economy lagged behind

The National (Scotland)

Recession 'can't be ruled out' as UK economy shrinks at quickest pace in seven months

THERE are renewed concerns that the UK could be facing a recession as the latest figures show the

The Guardian - UK

UK economy shrinks by 0.5% in July amid wet weather and strikes

Manufacturing, services and construction sectors contract for first time since summer of 2022

The Guardian - UK

Four charged with fraud over Patisserie Valerie collapse; UK GDP shrinks 0.5% in July – as it happened

All three main sectors of the economy in decline after strikes by doctors, radiographers and teachers, while construction and retail hit by wet weather

The Independent UK

Recession fears as UK economy shrinks by more than expected in shock decline

Summer washout hits retail and construction sectors – but chancellor insists there are ‘reasons to be confident’

Evening Standard

‘Recession may have begun’ as UK economy shrinks by 0.5% in July, GDP figures show

Government minister Maria Caulfield conceded that the decline in GDP was “disappointing”

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