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The Latest Breaking News from Economy

Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

Chancellor Rachel Reeves admits economy 'is not working well enough' as she reveals Budget date

The Chancellor is facing pressure to steady the UK economy and plug a £41 billion black hole in public finances

Evening Standard

Microeconomies in Gaming: The Invisible Engines of Virtual Worlds

Today's modern online games are more than just battles, quests, and levelling up. Behind fairy creatures and flashy graphics, there's another kind of engine powering this whole virtual world - the economy.

inkl

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Australian households are spending more – and it’s helping the economy regain some momentum

After two years of weak economic growth, there are signs of a recovery in household consumption – though productivity remains a soft spot

The Guardian - AU

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

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

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International Business Times

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.

The Guardian - UK

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

Benzinga

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.

The Guardian - US

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

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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.

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.

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