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The Latest Breaking News from Economy

I drove the Hyundai Tucson Hybrid and Toyota Corolla Cross Hybrid for a week — here's the winner

I put the 2025 Hyundai Tucson Hybrid and 2025 Toyota Corolla Cross Hybrid to the test to see which affordable hybrid SUV is the better option.

Tom’s Guide

Gavin Newsom Slams Trump For Letting China Dominate EVs — Criticizes CAFE Rollback Which Will 'Poison' Air: 'We'll Fight Tooth And Nail…'

California Governor Gavin Newsom (D-Calif.) has slammed the Trump administration for letting China race ahead of the U.S. in the electric vehicles and clean energy sectors.

Benzinga

Ford CEO Jim Farley Hails Trump's CAFE Rollback, Reaffirms Investment In US-Made Cars—Sean Duffy Says Decision Will Save $109 Billion For Americans

Ford Motor Co. (NYSE:F) CEO Jim Farley has reaffirmed the automaker's commitment to building more affordable cars as President Donald Trump scaled back Corporate Average Fuel Economy (CAFE) norms.

Benzinga

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10 Bold Market Calls For 2026 From Bank Of America: AI Boom, Strong GDP, Lower Yields

Bank of America Global Research expects the global economy to enter 2026 with more momentum than investors anticipate, calling for stronger U.S. and China growth, continued AI-driven investment, and a shift in market leadership.

Benzinga

AI Isn't Just Replacing Workers. It Is Also Making College Degrees Less Valuable And Can Leave Recent Graduates With 'Long-Lasting Scars For Decades'

Artificial intelligence has been replacing workers, and that can make colleges less valuable. CNBC detailed in a video released on YouTube that covers how AI is impacting recent graduates and how it can affect the economy.

Benzinga

Once again, Vladimir Putin indicates he wants the war in Europe to go on

THE INDEPENDENT VIEW: Editorial: By entertaining a Ukrainian peace deal whose miserable terms not even a desperate US president could accept – before then promptly abandoning it – Moscow is stalling for time. The coalition of the willing must put more pressure on the faltering Russian economy

The Independent UK

Trump announces rollback of fuel economy standards - Roll Call

Congressional Republicans and most automakers have argued standards implemented under Biden were too restrictive on the industry.

Roll Call

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Trump announces plans to weaken regulations on fuel efficiency for cars

The president announced the plans Wednesday and was joined by the heads of three major U.S. automakers: Ford, Stellantis, and GM

The Independent UK

Trump's new lower fuel-economy rules will make cars cheaper, White House says

It's the latest in a series of rollbacks of Biden-era policies by the administration.

Axios

Early holiday shopping reflects the economy: Fine, with potential cracks

The question now becomes whether the consumer is done shopping for the season.

Axios

Planning for any future pandemic must include impact on economy – Diane Dodds

The former Stormont economy minister made the comments to the UK Covid-19 Inquiry.

Evening Standard

Splurging shoppers push economy over speed limit

The sharpest rise in household spending in 21 months suggests the economy is continuing to grow in strength, heightening Reserve Bank fears about inflation.

AAP

Services Sector Shows Robust Growth — But Prices Are Still Way Too Hot

The crucial U.S. services sector maintained its expansion in November, according to two key survey reports, reinforcing the economy's surprising resilience in the fourth quarter.

Benzinga

The White House Has A New Enemy: Fuel Economy

Plus, we discuss electric vehicle sales in November and why South Korea is stressed about Tesla's Full-Self Driving software.

InsideEVs

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The Conversation

Expensive data and poor internet access: South Africa fails to measure up against Brazil

Emerging middle-power countries like South Africa, India and Brazil face growing inequalities. At the same time, everyday lives are becoming more and more digital – from paying bills and reading news to contacting companies and services. Ways need to be found to include everyone in the online world, regardless of…

The Guardian - AU

There are two big drivers of Australia’s economic growth – but shape matters as much as size

Income from rooftop solar panels and investment in data centres are helping to power the economy, which leads us to the question: is all growth good?

The Independent UK

Researchers slightly lower study's estimate of drop in global income due to climate change

Researchers who examined climate change’s potential effect on the global economy say data errors led them to slightly overstate an expected drop in income over the next 25 years

Evening Standard

Liz Truss mini-Budget torpedoed Brexit economic hopes, says expert as Labour seeks closer EU ties

The UK economy has suffered a multi-billion pound blow from quitting the European Union, according to the Office for Budget Responsibility

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The Independent UK

Iran's currency falls to a new low as nuclear sanctions squeeze its ailing economy

Iran's rial currency has fallen to a new low of 1.2 million to the U.S. dollar as nuclear sanctions squeeze the economy

Axios

Cheers and alarm: 4 takeaways from the GOP's win in Tennessee

Republicans cheered the victory while fretting over the latest evidence that voters are cooling on Trump's agenda and his handling of the economy.

Evening Standard

Chancellor Rachel Reeves accused of overstating chess championship win

Ms Reeves has used her love of the board game to promote herself as a strategic and competitive Chancellor

The Independent UK

Belgium rejects EU plan to use frozen Russian assets for Ukraine, saying the move is too risky

Belgium is rejecting a plan to use frozen Russian assets to support Ukraine's economy and war effort

Benzinga

Trump Administration To Propose Loosening Major Fuel Economy Standards: Report

The Trump administration, on Wednesday, is reportedly planning to propose a significant relaxation of the fuel economy standards set by the previous Biden administration.

The Independent UK

Myanmar opium cultivation hit highest level in a decade, UN report says

Opium poppy cultivation in Myanmar has surged to its highest level in a decade as the nation enduring a long conflict remains one of the world’s primary suppliers for the illicit drug economy

Benzinga

Martin Shkreli Warns Elizabeth Warren And Zohran Mamdani Policies Would Make US Stock Returns Resemble France, Japan's Dismal Performance

While comparing U.S. equity market returns over the past 35 years with those of France and Japan, investor Martin Shkreli issued a sharp warning regarding the growing influence of progressive lawmakers on the nation’s economy.

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