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The Latest Breaking News from Economy

China said on Saturday that it would "unswervingly" stick to its zero-Covid policy, dampening the outlook for global markets following their recent surge on hopes that Beijing would cast aside some of its economically damaging virus curbs. China is the last major economy wedded to a strategy of extinguishing outbreaks…

Asharq Al-Awsat

White women have been voting against their (reproductive) interests for years

The latest polls are a sobering reminder that some women will vote in ways that threaten their bodily autonomy if it helps bolster their status

The Guardian - US

Allison Schrager: Republicans’ plan to fix the economy is … we’re still waiting

It's easy to criticize the Democrats’ economic policies now that they have had a few years in power and passed several big bills, but also because they've articulated a clear economic vision for the country: expanding the government’s role in the economy with more generous social programs, higher taxes for…

Tribune News Service

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From Russia with cash: Georgia booms as Russians flee Putin's war

As war chokes Europe, a small nation wedged beneath Russia is enjoying an unexpected economic boom.

Reuters

We need serious public policy, not more printed money – the US economy is in tatters

Decades of bailouts have convinced some that the Fed will always come to the rescue – but this only papers over the fundamental flaws of the US economy

The Guardian - US

Biden stumps on job growth, as voters dread inflation

President Joe Biden has notched an envious record on jobs, with 10.3 million gained during his tenure

The Independent UK

BoI seeks to boost FDI

The Board of Investment (BoI) is planning to increase outlays by strengthening Thailand's status as an attractive production base, part of efforts to achieve a "new economy" goal.

Bangkok Post

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3 Stocks to Buy With Rising Recession and Rate Risk

The stock market continues to be a challenging environment with rising rates a potent headwind. So far, the economy has been stable enough so that earnings growth has not contracted, but this is unlikely to persist the longer the Fed stays hawkish. This article discusses characteristics of stocks that are…

StockNews.com

In midterms, inflation and border overshadow fears for democracy and abortion rights

WASHINGTON — Unless nearly every pollster in America is wrong, Republicans will retake the House in Tuesday’s midterms, and maybe the Senate.

Tribune News Service

Inflation is ‘insidious’: Bank of America CEO Brian Moynihan talks possible recession

Brian Moynihan took on one of the toughest jobs in the world in 2010: turning around the largest bank in America following a devastating financial crisis.

Tribune News Service

Is the US already in a recession? Economists and biz leaders disagree

Most Americans think the U.S. is in a recession right now.

Tribune News Service

Spending to hit 5-year high during Loy Krathong festival

Consumer spending during the Loy Krathong festival is projected to be the highest in five years, helped by the country's reopening to foreign visitors and the government's stimulus measures.

Bangkok Post

Buying These 2 Stocks Could Be the Best Move You Ever Make

With an albeit decelerating yet solid employment report for October playing into the rationale for slower yet surer hikes by the Fed, the economy seems to be on the brink of a recession. Amid an uncertain economic backdrop, It could be wise to invest in fundamentally strong stocks, Abbott Laboratories…

StockNews.com

Can Labor provide cost-of-living relief without feeding inflation and interest rates? An expert panel responds

Anthony Albanese says the government can’t afford to provide energy payments or other relief because to do so would put even more pressure on the RBA to raise interest rates – is he right? Three economists have their say

The Guardian - AU

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The Guardian - AU

Hyperventilation around the workplace overhaul feels like a curtain raiser for Labor’s next thought crime – cutting emissions

When it comes to industrial relations reform, there is no interest like self interest

The Guardian - UK

The Guardian view on Brexit and the economy: time to face facts

Editorial: Denying the cost of leaving the EU keeps Britain locked in a cycle of falling living standards and rising anger

The Guardian - UK

It’s not the economy, stupid – the focus must be on people

Letter: Andrew Climo on the narrative Labour needs to establish to ensure victory over the Conservatives at the next general election

The Independent UK

Midterm spending hits record $17bn as parties blame each other over the economy

‘We’re seeing record-breaking totals spent on elections up and down the ballot,’ campaign finance watchdog exec says

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Birmingham Post

The recession can be a chance to do things differently

Although the UK Government is dealing with critical fiscal challenges, there is no reason why it cannot also focus on wider economic policies that could help grow the economy

The Independent UK

Carney doubles down on claims Brexit has taken a toll on UK economy

But Downing Street insists sky-high inflation is being driven by global factors such as Covid and the war in Ukraine.

Evening Standard

Mark Carney doubles down on claim that Brexit has shrunk UK economy

Former Bank of England governor Mark Carney has defended his bleak warnings that Brexit would devalue sterling and add to inflation ahead of a recession.

Benzinga

Dow Surges 150 Points; US Economy Adds 261,000 Jobs

U.S. stocks traded higher this morning, following the release of jobs data for the month of October.

Al Jazeera

On the ballot in the US midterms: Economy

Rampant inflation and high interest rates have made the economy a pressing poll issue.

The Guardian - UK

Labour takes inspiration from Cameron and Osborne on economic attack

Shadow ministers look to approach used by pair in 2010, but say Tories crashed economy and only Labour can save it

Tribune News Service

US jobs top forecasts, wages pick up in resilient labor market

U.S. employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve’s aggressive efforts to cool it down.

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