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The Latest Breaking News from Economy

Australia’s economy shows best result in two years as consumer spending picks up

The Australian economy picked up strength in the June quarter as consumers opened their wallets, boosted by interest rate cuts earlier in the year.

The Conversation

Scott Bessent Says Trump Tariffs Delivering 'Historic Results,' GDP Growth Could Hit 5% — Justin Wolfers Hits Back: 'Ask American Manufacturers'

Treasury Secretary Scott Bessent is doubling down on the potential economic upsides of the tariffs, predicting massive revenue growth for the U.S. Government, alongside a boost to the domestic economy.

Benzinga

3 Bargain Retail Stocks To Play Right Through The Holidays

American consumers are losing trust in the U.S. economy. Exhibit A is the latest Conference Board Consumer Confidence Index, which showed the index decline by 1.3 points in August, to 97.4. The Board’s Present Situation Index is also sliding, as it’s down 1.6 points for the month.

Benzinga

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Consumer boom drives surprise jump in economic growth

Australia's economy surpassed expectations in the last financial year, taking some urgency out of the Reserve Bank's plans to cut interest rates.

AAP

Tube strike set to deliver £230m blow to London economy was backed by just 57% of RMT members

6,004 union members voted in favour of industrial action before hearing about 3.4% pay rise — while 4,196 did not bother to vote

Evening Standard

UBS gives America a recession check-up and sees a 93% probability from the hard data, with a 'soggy' economy ahead

“Stable but elevated” isn't something you want to hear in a medical checkup or in a recession likelihood outlook.

Fortune

5 Stocks That Should Stay Stable in a Trump Economy

President Donald Trump's second term has brought a lot of volatility in the stock market. Tariffs brought some uneasiness on what they would mean for stocks -- this had a major impact on the market....

GOBankingRates

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Trump's Tariffs Gut The Very Thing They Were Meant To Save—US Manufacturing

President Donald Trump's aggressive push to protect domestic industry through tariffs is backfiring on the very sector it aims to defend, with the U.S. manufacturing economy shrinking for the sixth month in a row and businesses citing soaring costs, job cuts and planning chaos.

Benzinga

California's Economy Could Lose Hundreds Of Billions Due To Trump's Immigration Crackdown, Research Shows

About 20 percent of California's 10.6 million immigrants are undocumented, and sectors like agriculture, construction and hospitality could be disproportionately impacted by the Trump administration's crackdown

Latin Times

Auto Experts Say Stop Buying These 4 Hybrid Cars Immediately

Thinking of buying a hybrid? Auto experts reveal four models that you may want to avoid due to poor reliability, low fuel economy and costly issues.

GOBankingRates

Gold Hits High, Stocks Retreat As Investors Seek Safety

The price of gold struck a record high above $3,500 an ounce Tuesday while stock markets mostly retreated as investors sought safety on global economy concerns.

International Business Times

Rising inequality is turning US into an autocratic state, billionaire warns

Ray Dalio says business leaders scared to criticise Donald Trump as he warns of debt-induced crisis for the economy

The Guardian - UK

Scott Bessent Drafting Supreme Court Brief To Uphold Trump Tariffs, Warns US Economy Near 'Tipping Point'

Treasury Secretary Scott Bessent has revealed plans to prepare a defense of the Trump administration’s tariffs. This move is in anticipation of a potential Supreme Court ruling on the legality of these tariffs.

Benzinga

Trump news at a glance: Bessent says markets not worried by Fed interference as Lagarde warns of ‘danger’

European Central Bank president Christine Lagarde says Trump undermining Federal Reserve could impact global economy. Key US politics stories from Monday 1 September

The Guardian - US

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The Independent UK

Tory leader Kemi Badenoch slams Labour for treating oil and gas sector as a ‘relic of the past’

Badenoch will pledge to make North Sea oil and gas the ‘cornerstone’ of the economy

Evening Standard

Kemi Badenoch pledges to make oil and gas ‘cornerstone’ of UK economy

The Conservative leader will attack the UK Government for treating the North Sea industry as a ‘relic of the past’.

The Conversation

Four reasons why the UK lags behind its rivals on productivity

Many people in the UK feel they are working harder than ever. A higher cost of living and more precarious work arrangements push many households to take on longer hours and multiple jobs. Data back this feeling: from 2010 to 2024, the UK had the largest increase in hours worked…

RideApart

With Today’s Tricky Economy, the Used Market Is Where It’s At

The used market is a treasure trove for riders looking to get the most bang for their buck, especially in today’s messy economy.

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GOBankingRates

Do Tariffs Always Hurt the Stock Market? 3 Experts Take On This Economic Myth

Throughout 2025, there has been a consistently looming thundercloud hovering over America’s economy: President Donald Trump’s controversial tariffs policy.

The Guardian - UK

Trump’s war on Fed is ‘serious danger’ to world economy, says ECB head

Christine Lagarde issues warning about risks of undermining central bank’s independence

Euronews

Fed independence ‘hangs by a thread’ after Trump moves to oust Lisa Cook

Efforts to oust Federal Reserve board member Lisa Cook and install allies could erode the bank’s autonomy, with consequences for inflation, market confidence and everyday borrowing.

Benzinga

Trump Says Prices Are 'Way Down' With 'Virtually No Inflation', Targets Windmills Again

President Donald Trump said on Monday that prices are "way down" in the United States, pointing to falling energy costs while blasting "corrupt politician-approved ‘Windmills'" as "killing every State and Country that uses them." He also credited "magnificent tariffs" for strengthening the economy.

The Independent UK

Defiant Reeves admits working people ‘feel stuck’ but insists Britain is not broken

Exclusive: Rachel Reeves launches her post-summer fightback with a boost for working parents as she tackles critics of Labour’s plans and the economy

Benzinga

Would The U.S. Economy Collapse If Everyone Followed Dave Ramsey's Debt-Free Plan And Stopped Spending Like Congress? Here's What He Says

A recent episode of “The Ramsey Show” featured a question from a caller in Chicago that many Americans have probably thought about. Adam asked what would happen to the economy if a large number of people stopped using credit cards, ditched loans and followed Dave Ramsey's Baby Steps to become…

Euronews

Auto-enrolment: The quiet pension reform that could transform Europe’s economy

Auto-enrolment into funded pensions would ensure more retirement contributions are invested, powering Europe’s growth.

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