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The Latest Breaking News from Economy

6 Car Brands With Hidden Recall Histories Not Disclosed at Sale

When you are buying a car, it is incredibly important to do your research. That should go beyond the price and fuel economy. You need to look into any recalls on the vehicle, too. It might come as a surprise to you that not all dealerships or sellers will tell…

Clever Dude

Trump Punishes Brazil With Tariffs, Sanctions Over Trial Of Ally Bolsonaro

President Donald Trump ordered massive tariffs on Brazil Wednesday and sanctions against the judge overseeing a trial of his far-right ally Jair Bolsonaro, who is accused of attempting a coup in Latin America's biggest economy.

International Business Times

Big tech says AI could boost Australia’s economy by $115 billion a year. Does the evidence stack up?

AI is on the agenda in Canberra. In August, the Productivity Commission will release an interim report on harnessing data and digital technology such as AI “to boost productivity growth, accelerate innovation and improve government services”. Shortly afterward, the government will host an Economic Reform Roundtable where AI policy will…

The Conversation

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Dollar Rallies and Gold Sinks as Powell Pushes Back Against Rate Cuts

The dollar index (DXY00 ) on Wednesday extended this week’s rally and rose by +0.88% to a 2-month high. Signs of strength in the US economy boosted the dollar Wednesday after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP expanded...

Barchart

Threats of Additional Sanctions on Russian Energy Exports Lift Crude Prices

September WTI crude oil (CLU25 ) on Wednesday closed up +0.79 (+1.14%), and September RBOB gasoline (RBU25 ) closed up +0.0262 (+1.20%). Crude oil and gasoline prices on Wednesday extended this week's rally to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude...

Barchart

Jerome Powell’s Federal Reserve holds rates steady despite immense pressure from Trump to cut, cut, cut

The Fed cited the economy’s resilience as part of its motivation for maintaining rates.

Fortune

US Q2 GDP growth masks broader economic downturn

Consumer spending ticked up slightly after a near halt, but private sector investments plunged in the second quarter.

Al Jazeera

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FTSE 100 ends flat ahead of likely US rate hold

The FTSE 100 index closed up just 0.62 of a point at 9,136.94.

Evening Standard

Crude Prices Supported by President Trump's Threats to Sanction Russian Energy

September WTI crude oil (CLU25 ) today is +0.56 (+0.81%), and September RBOB gasoline (RBU25 ) is up +0.0183 (+0.84%). Crude oil and gasoline prices extended this week's rally today to 5-week highs. Signs of strength in the global economy are supportive for energy demand and crude prices after the...

Barchart

Powell Cornered? Strong GDP, Jobs Data Weaken September Rate Cut Odds

After a quarter of contraction and political pressure mounting, the U.S. economy's surprise second-quarter growth and a sharp rebound in private jobs in July have weakened the case for a September rate cut, leaving Fed Chair Jerome Powell in the hot seat ahead of Wednesday’s pivotal policy decision.

Benzinga

Mexican Economy Secretary Says Country 'Did All It Had' To Avoid Trump's Tariffs

Mexican Economy Secretary Marcelo Ebrard said he is confident the country is confident about reaching a deal to avoid tariffs from going into effect on August 1

Latin Times

Solid US Economic Reports Boost the Dollar

The dollar index (DXY00 ) today extended this week's rally and is up by +0.59% at a 2-month high. Signs of strength in the US economy are boosting the dollar today after the July ADP employment change rose more than expected by the most in four months, and Q2 GDP...

Barchart

Stocks Supported by Signs of a Resilient US Economy

The S&P 500 Index ($SPX ) (SPY ) today is up +0.11%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.02%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.24%. September E-mini S&P futures (ESU25 ) are up +0.12%, and September E-mini Nasdaq futures...

Barchart

US Economy Roars Back With 3% Growth, Handing Trump A Timely Victory

After the sharpest quarterly contraction in three years, the U.S. economy roared back robustly in the second quarter, with gross domestic product rebounding well above expectations—offering President Donald Trump a timely economic victory to celebrate.

Benzinga

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The Guardian - US

Divided Fed leaves interest rates unchanged despite Trump pressure

Two Federal Reserve governors vote against decision as US GDP grows at an annual rate of 3% in second quarter

The Independent UK

US economy rebounds a surprisingly strong 3% in the second quarter

The U.S. economy expanded at a surprising 3% annual pace from April through June, bouncing back at least temporarily from a first-quarter drop that reflected disruptions arising from President Donald Trump’s trade wars

Euronews

Entrepreneur like a Ukrainian: 100,000 Ukrainian companies have opened in Poland since 2022

Since the outbreak of Russia's full-scale invasion of Ukraine in February 2022, Ukrainians residing in Poland have established more than 13,000 companies and around 90,000 sole proprietorships, according to data from the Polish Economic Institute and Gremi Personal.

The National (Scotland)

Grangemouth closure hits Scottish economy hard as manufacturing plunges

The closure of the Grangemouth oil refinery has hit the Scottish economy hard, new figures show.

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Euronews

Eurozone growth slows: Spain leads and Germany contracts

Eurozone GDP rose just 0.1% in the second quarter of 2025, down from 0.6% in Q1, as Germany and Italy slipped into contraction. Spain led growth at 0.7%, while France surprised with 0.3% growth.

Evening Standard

Grangemouth closure hits Scottish economy, figures show

The refinery changed into an import terminal earlier this year.

International Business Times

Eurozone Economy Expands But Tariff Impact Looms

The eurozone economy unexpectedly expanded in the second quarter of 2025, official data showed Wednesday, despite international trade tensions clouding the global outlook.

The Independent UK

European economy sees growth of only 0.1% as scramble to get ahead of US tariffs goes into reverse

Europe’s economy barely grew in the April-June quarter as frantic earlier efforts to ship goods ahead of new U.S. tariffs went into reverse and the continent’s biggest economy, Germany, shrank

The Independent UK

Gary Neville hits out at Rachel Reeves over national insurance hike

The former Manchester United star said the chancellor’s tax hikes were a ‘challenge’ for businesses

The Guardian - AU

The politics of falling inflation has been clear – lower is better. But Australia should beware its flip side: slow growth

There’s no convincing argument for the RBA not to cut interest rates on 12 August as economists say they are acting as a brake on the economy

International Business Times

US Second Quarter GDP Growth To Reflect Tariff Turbulence

US economic growth is expected to rebound in the second quarter, analysts said, in a momentary comeback reflecting trade shifts as companies tried to avoid the harshest of President Donald Trump's wide-ranging tariffs.

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