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The Latest Breaking News from GDP

US Election 2024: How does the US measure up to the rest of the world?

The US has the largest economy in the world, the highest healthcare costs and the biggest military budget.

Al Jazeera

Russia fines Google $2.5 decillion for YouTube bans—eclipsing global GDP

It would take more than 33 quintillion years for Google to pay Russia based on its annual profits last year.

Fortune

Russia Demands Decillion From Google For Blocking Channels

Russia demands an astronomical sum from Google for fines related to blocked YouTube channels, exceeding global GDP.

Top News

From analysis to the latest developments in health,
read the most diverse news in one place.

Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

Evening Standard

Stock Market Today: Stocks Slide as Solid GDP and Softer Inflation Vex Rate Cut Bets

Encouraging economic news damped hopes for accelerated rate cuts.

Kiplinger

Dollar Slips on Euro Strength and Mixed US Economic News

The dollar index (DXY00 ) on Wednesday fell by -0.24%. Strength in the euro weighed on the dollar as the Eurozone Q3 GDP report was stronger than expected. The dollar added to its losses after Wednesday’s economic news showed US Q3 GDP grew less than expected. Losses in the dollar...

Barchart

Rachel Reeves didn’t scare the markets. But nor did she impress with a growth plan

Businesses adopt a wait-and-see response as it becomes clear the autumn budget is part of a long-term missionBusinesses react to

The Guardian - UK

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Historical benchmarks and milestones in Rachel Reeves’ first Budget

Government investment is forecast to reach the highest sustained level since the 1970s.

The Independent UK

Dollar Weakens on Euro Strength and Lower T-Note Yields

The dollar index (DXY00 ) today is down -0.27%. Strength in the euro is weighing on the dollar on today’s news that Eurozone Q3 GDP grew more than expected. The dollar added to its losses after T-note yields fell when US Q3 GDP grew less than expected. Losses in the...

Barchart

US Economy Achieves Rare 'Soft Landing' Amid Election Uncertainty

US economy achieves soft landing with 2.8% GDP growth in Q3, driven by consumer spending and controlled inflation.

Top News

Nasdaq Futures Climb on Upbeat Alphabet Results, U.S. GDP Data and More Big Tech Earnings on Tap

December Nasdaq 100 E-Mini futures (NQZ24) are trending up +0.28% this morning as strong quarterly results from Alphabet boosted sentiment, while investors also awaited a fresh batch of U.S. economic data and earnings reports from “Magnificent Seven” companies Microsoft and Meta.

Barchart

US economic growth slows, as Germany avoids recession and France gets Olympics boost – as it happened

Eurozone GDP grew by 0.4% in the last quarter, faster than expected, as Germany’s economy avoids second contraction in a row

The Guardian - UK

US Economy's Solid Growth Unlikely To Register At Ballot Box

The US economy is set to report another quarter of solid growth Wednesday, less than a week before the presidential election, but analysts say it remains unclear if positive data can sway inflation-weary voters.

International Business Times

Increase in Tariffs Would Trigger Global Economic Decline, Study Finds

A new IMF study finds that a global increase in tariffs could decrease global GDP by nearly 1 percent by 2025 and over 1 percent by 2026.

Reason

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The Conversation

Palestine’s economy teeters on the brink after a year of war and unrelenting destruction

The Palestinian economy has been devastated beyond recognition. Israel’s intense military operations in Gaza have led to unprecedented destruction, wiping out much of the enclave’s essential infrastructure, private property and agricultural resources.

The Guardian - UK

UK loses out on £19bn in annual GDP growth due to lack of social mobility

Co-op/Demos report details how people from lower socioeconomic backgrounds are far less likely to earn good incomes

Kiplinger

Trump Tariff Plan: Which States Would Be Hit the Hardest?

Donald Trump's tariff policy would substantially increase prices in as many as 20 states.

The Conversation

GDP is an outdated way of measuring the health of the economy – it doesn’t reflect the health of people or the planet

Economics and economic policy need a rethink. This is clear from the scale of inequality, joblessness, insecurity and environmental disasters we see in the world.

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news in one place.

100’s of premium titles.
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The Guardian - UK

Lithuanian election winner promises to bolster defence to counter Russia threat

Social Democrat leader says spending should be no less than party’s election manifesto pledge of 3.5% of GDP

Barchart

Stocks Set to Open Higher as Investors Await Key U.S. Economic Data and Big Tech Earnings

December S&P 500 E-Mini futures (ESZ24) are up +0.37%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.48% this morning as investors looked ahead to earnings reports from some of the biggest tech heavyweights as well as key economic data, including a payrolls report, the Fed’s favorite inflation gauge,…

Barchart

Stocks Set to Open Sharply Higher as Investors Await Key U.S. Economic Data and Big Tech Earnings

December S&P 500 E-Mini futures (ESZ24) are up +0.61%, and December Nasdaq 100 E-Mini futures (NQZ24) are up +0.70% this morning as investors looked ahead to earnings reports from some of the biggest tech heavyweights as well as key economic data, including a payrolls report, the Fed’s favorite inflation gauge,…

Barchart

Key Earnings, GDP and Other Can't Miss Items this Week

The earnings releases are stacked deep this week with Apple, Amazon, Microsoft, Meta and AMD all reporting.

Evening Standard

Kemi Badenoch storming towards victory against Robert Jenrick in race to be next Tory leader, new survey

A survey of party members suggested Kemi Badenoch had maintained her lead over Mr Jenrick.

Evening Standard

Jenrick says Nato countries should raise defence spending to 3% of GDP

Robert Jenrick also said the West should reduce its dependency on China and prepare for China to invade Taiwan ‘within three years’.

The Conversation

South Africa’s massive Sasol petrochemical plant faces serious challenges – new report

The giant Secunda complex of Sasol, South Africa’s biggest chemicals and energy company, provides the fundamental ingredients to South Africa’s petrochemical sector. It produces petrochemicals, plastics, chemicals essential to key industries such as agriculture (fertilisers) and mining (explosives), and 30% of the country’s liquid fuels. These value chains are very…

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PierreOlivier Gourinchas

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