The Latest Breaking News from Economy

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

Indonesia’s currency is at a record low against the US dollar amid concerns over President Prabowo Subianto’s policies.

Markets are betting the Reserve Bank will cut rates by 50 basis points at its next meeting as American tariffs batter the global economy.

A clip of Trump expressing hope that the economy would crash before his second term has resurfaced as global markets suffer their worst downturn in years.

The Last Week Tonight host tears into dubious tariff math and Republican fixation with trans athletes in sports

The S&P 500 Index ($SPX ) (SPY ) today is down -1.84%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.74%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.65%. June E-mini S&P futures (ESM25 ) are down -1.23%, and June E-mini Nasdaq futures...

It’s hard to say if the president truly knows what he’s doing. But there is a precedent for the US causing short-term chaos and reaping long-term gain, says economist James Meadway

The S&P 500 Index ($SPX ) (SPY ) today is down -2.27%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -2.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.98%. June E-mini S&P futures (ESM25 ) are up +0.56%, and June E-mini Nasdaq futures...

Wild swings dominated Wall Street's trading session on Monday with the market catapulting from an early drop that had dragged it 20% below its record to a sudden rise, only to revert to losses as worries remain about whether President Donald Trump’s trade war will torpedo the global economy.