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The Latest Breaking News from Economy

Are Mag 7 Stocks Driving A 'K-Shaped Economy' As Wealth Gap Widens? Analysts Weigh In

The U.S. economy is increasingly becoming a ‘K-shaped economy,’ with the fortunes of wealthy consumers and those at the lower end of the income spectrum diverging, say analysts.

Benzinga

Traitors franchise boosted Scotland’s economy by £21.8m, says BBC

The show, including its US and celebrity variants, is filmed at Ardross Castle in the Scottish Highlands.

Evening Standard

Stocks Set to Open Sharply Higher as End to U.S. Government Shutdown Nears

December S&P 500 E-Mini futures (ESZ25) are up +0.92%, and December Nasdaq 100 E-Mini futures (NQZ25) are up +1.39% this morning as optimism that lawmakers are nearing a deal to end the longest government shutdown in U.S. history boosted sentiment.

Barchart

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The S&P 500 is also in a K-shaped economy, says Apollo, with a widening gap between the winners and losers

Part of the growing divide between the rich and the average worker can also be traced back to where these households derive their wealth—namely, from their exposure to the booming stock market of 2025.

Fortune

Are Your Employees Quietly Cracking? How to Repair the Cracks Before Everything Breaks

Some employees who are unable to change jobs due to economic conditions are doing only the bare minimum, leading to decreased work quality and team morale.

Kiplinger

As Record 40-Day Shutdown Nears End, History Shows Stocks Rally 12 Months Later With S&P 500 Averaging 12.3% Gain

The U.S. Senate is poised to vote to end the record-breaking 40-day government shutdown, potentially bringing relief to federal workers and the economy. For investors nervous about the political gridlock, history suggests the market’s real move comes after the reopening—and it's typically a strong one.

Benzinga

Viktor Orbán Says Trump Promised To Defend Hungary's 'Financial Stability' In Case Of External Attacks

Hungarian Prime Minister Viktor Orbán said he struck a deal with President Donald Trump that would protect Hungary's economy from external threats, deepening ties between two nationalist leaders as Budapest faces mounting pressure from the European Union.

Benzinga

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3 Failing Industries and How To Transition To a New Field in the Trump Economy

Take a look at three industries that are failing already, with many workers now exploring new opportunities, upskilling and learning to adapt.

GOBankingRates

RBA bigwig reveals how economy can escape slow lane

The Australian economy's spare capacity will be key to deciding how many times the Reserve Bank can cut interest rates, a senior official says.

AAP

4 Ways Middle-Class Earners Are Protecting Their Money in Today’s Uncertain Economy

Financial expert Jayant Mistry shares practical tips to help middle-class earners build savings, budget wisely, and stay secure in an uncertain economy.

GOBankingRates

Inside the ‘mammoth’ task to rebuild Jamaica after Hurricane Melissa: ‘We feel hopelessness’

IN DEPTH: Hurricane Melissa became the strongest storm to ever hit Jamaica when it made landfall last month, destroying entire communities and ravaging the country’s economy. Aid organisations tell Alex Croft and Bryony Gooch that the rebuild will be long and painful

The Independent UK

Budget 2025 ignores the looming succession crisis facing Canada’s family businesses

Like previous federal budgets, the recently released Budget 2025 fails to acknowledge a pressing generational shift for Canada’s economy: the succession crisis facing most Canadian family-owned businesses.

The Conversation

Trump's China Tariff U-Turn, Ray Dalio's 'Melt-Up' Warning And More: This Week In Economy

Another week has come and gone, and it’s time to catch up on the latest economic news. Here’s a quick overview of what happened over the week, from Trump’s China tariff reversal to Ray Dalio’s market warning.

Benzinga

It's not about inflation or the economy — the election instead delivered a 'wake-up call' on affordability politics, top pollster says

"But make no mistake, how much you pay at the cash register is going to determine who you vote for in these elections."

Fortune

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The Independent UK

Washington's struggling economy takes another economic hit from the government shutdown

Washington's local economy has taken blows from a series of actions by the Trump administration, from the layoffs of federal workers to the ongoing law enforcement intervention with the National Guard

Reason

Is Trump a Socialist?

Donald Trump’s new stock-buying strategy isn’t socialism, but it is a step toward a government-controlled economy.

Euronews

EU naval force vessel reaches ship raided by Somali pirates, all 24 crew on board safe

Piracy off the Somali coast peaked in 2011, when 237 attacks were reported. Somali piracy in the region in 2011 cost the world’s economy €6 billion, with €138 million paid out in ransoms.

Benzinga

Ray Dalio Warns That Things Aren't As Good As They Appear Despite New Highs In The Stock Market: 'You Can't Look At The U.S. As A Whole Nowadays'

Bridgewater Associates founder Ray Dalio is skeptical of the U.S. economy despite a soaring stock market and rising GDP, and his flaws point to future economic challenges if they are not addressed.

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The Guardian - US

Leftist and centrist Democrats won on Tuesday. So what’s the party’s lesson?

Zohran Mamdani, Abigail Spanberger and Mikie Sherrill focused their messages on the economy, but structural problems endure

Benzinga

Consumer Sentiment Tanks To 2022 Lows, But The Richest 3% Are Celebrating

The average American is growing more pessimistic about the economy, as a key sentiment index fell to its lowest level since June 2022, marking one of the bleakest readings since the survey’s inception in 1952. But there's a twist: wealthy Americans are actually feeling better than ever, buoyed by soaring…

The Independent UK

God ‘Stress’ America: 76% are worried sick over state of the union as 2/3 of young adults look to flee, study reveals

Stress and anxiety over the future of the country are rife, with political divide and loneliness taking a toll on Americans, according to the research

Fortune

Economists agree: You’re not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the ‘K-shaped economy’

What was a niche argument about five years ago is suddenly everywhere you look, and it’s taking on the shape of a letter with two jagged edges.

The Conversation

Who gets SNAP benefits to buy groceries and what the government pays for the program – in 5 charts

The Supplemental Nutrition Assistance Program has helped low-income Americans buy groceries for decades with few disruptions.

The Guardian - US

Out-of-touch Trump talks up economy among sycophants and stars in Miami

President jets in to speak at ritzy American Business Forum as millions see their food aid slashed – crisis, what crisis?

International Business Times UK

AI Layoffs: US Market's Worst in 20 Years – Could the UK Be Next?

US tech layoffs hit a 20-year high, raising fears of a bubble bursting that could impact the UK economy. Experts warn of potential spillovers and market risks.

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Marjorie Taylor Greene

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