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The Latest Breaking News from Economy

Are Stock Fireworks OVER After July 4th?

The S&P 500 (SPY) has soared through the first half of the year. Even more impressive are the tech stocks in the Nasaq having a stellar first act on the year. But that is then...and this is now. That is why investment veteran, Steve Reitmesiter, shares his latest views on…

StockNews.com

American manufacturing just slumped to its lowest level in 3 years. Jefferies says the sector is 'still mired in recession'

The ISM Manufacturing Purchasing Managers’ Index fell to 46 last month from 47.1 in May, its lowest point since May 2020.

Fortune

Americans say the death of student debt forgiveness plan is a blow to the middle class

"Millennials are the first generation expected to be worse off than their parents. It’s no secret the reason why."

Fortune

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What's 'Bidenomics'? The president hopes a dubious nation embraces his ideas condensed into the term

President Joe Biden has long struggled to neatly summarize his sprawling economic vision

The Independent UK

Scottish minister calls on UK Government to scrap ‘abhorrent’ strike Bill

Wellbeing Economy minister Neil Gray hit out at the Bill which would give ministers the power to impose minimum service levels during strikes.

The Independent UK

A mid-year assessment for the U.S. economy

So far the immaculate disinflation — what had seemed a remote scenario in which inflation comes down without a recession — has materialized.

Axios

3 China Stocks to Buy Before They Rebound

With the lifting of mobility restrictions and a surge in spending on services, the Chinese economy is rebounding. Therefore, this could be the right time to scoop up shares of fundamentally strong China stocks Yum China (YUMC), Vipshop (VIPS), and Hello Group (MOMO). Read on.

StockNews.com

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County Durham tourism economy tops £1bn for first time, new figures show

The county is part of a scheme to grow the North East's tourism sector, in the hope of creating hundreds of new jobs

Birmingham Post

'The global economy is due for a reality check,' warns the central banks‘ bank

The global economy is at a critical juncture that could weigh on prosperity for years to come, the Bank for International Settlements warns.

Fortune

Conor Sen: Squeezed homebuyers are just what the economy needed

The housing market is full of surprises. Sentiment among homebuilders has been perking up, their stocks are surging, and new home sales are at the strongest since early 2022. All in the face of persistently high mortgage rates.

Tribune News Service

Tory wrecking ball Liz Truss to launch worldwide task force on the economy

The flash-in-a-pan former PM will head a new Growth Commission, made of economists from around the globe, in a bid to address a "stagnation loop" facing the West

Daily Mirror

Weaker competition blamed for higher petrol and diesel prices; MPs blast ‘measly’ savings rates – as it happened

Government pledges to expose ‘rip-off’ fuel retailers, after inquiry finds declining competition between retailers led to higher prices at the pumps

The Guardian - UK

E2E partner Go Live Data reveals the global impacts of business growth

The data specialist explores how the growth of businesses not only fosters job creation but also strengthens the economy

The Independent UK

India could soon be the world’s third biggest economy – NZ needs to build the trade relationship urgently

India’s economy has emerged as a bright spot in the aftermath of the COVID-19 pandemic. Currently the fifth largest global economy, it is predicted to become the third largest by 2030.

The Conversation

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Manchester Evening News

'Anyone going on a Summer holiday should sit in this row on the plane to get upgraded to first class', says flight attendant

According to the flight attendant, those sat in one particular row on a plane are likely to be upgraded to first class before anybody else, despite having paid for an economy ticket

Newsroom.co.nz

There's nothing wrong with picking winners in Māori innovation

NZ's problem was never with picking winners, it was with demonstrably picking losers. Now, bringing together driven young people with investors and good advice is part of building a healthy economy.

The National (Scotland)

Tories are taking the UK to the 'brink of recession', says Stephen Flynn

THE Tories are taking the UK to the “brink of recession”, with fears an economic downturn is the Westminster government’s “only plan” to…

The Conversation

Two more RBA rate hikes, tumbling inflation, and a high chance of recession: how our forecasting panel sees 2023-24

Of the 27 leading economists assembled by The Conversation to forecast the financial year that’s just begun, every one expects inflation to continue to fall.

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The Independent UK

Stephen Flynn accuses the Tories of taking UK to ‘brink of recession’

The SNP Westminster leader hit out at the UK Government’s handling of the economy.

The Guardian - AU

RBA should pause rate rises as ‘deflationary shock’ sweeps global economy, former board member says

Warwick McKibbin says Australia’s central bank has been slow to react as supply pressures from Covid and war in Ukraine abate

The Canberra Times

Is a circular economy possible?

A production system cannot use all the material it receives, although this varies greatly depending on the situation.

Kiplinger

China’s Economy Weakened by Low House Prices and Falling Exports: Kiplinger Economic Forecasts

China’s economy lost momentum in May due in part to fewer exports and declining housing prices, but the country’s fast fashion retailers are booming.

The Independent UK

Yellen addresses Essence Festival crowd, discusses economy, efforts to enfold minority communities

U.S. Treasury Secretary Janet Yellen on Friday says the Biden administration's racial equity work is not just the morally right thing to do but also is in the country’s best economic interests

Fortune

China's Gen Z graduates fear they have 'blank paper' diplomas as youth unemployment hits a record 20% and the economy chokes on anemic growth

Millions of fresh college graduates and early career professionals in China face daunting prospects amid a cooling economy.

WEKU

What recession? Why stocks are surging despite warnings of doom and gloom

Halfway through the year, hopes about AI and a sturdier-than-expected economy are leading to a big rally in stock markets — but a lot of uncertainty still lies ahead.

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