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The Latest Breaking News from Economy

Goldman Sachs tells investors Trump’s tariffs pose a major ‘event risk’ and to expect slower growth in 2025

The investment bank forecasts 11% growth in the S&P 500 next year and warns the economy will be pulled in two different directions.

Fortune

The NT and ACT might have small populations but their economies are growing faster than the bigger states

The Northern Territory and Australian Capital Territory have won bragging rights for having the fastest growing economies within Australia.

The Conversation

Budget update will revise down company tax receipts but treasurer Chalmers welcomes economy’s ‘soft landing’

Next month’s federal budget update is expected to revise down company tax receipts for the first time since 2020, amid continued low economic growth in the near term.

The Conversation

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Curt Cignetti’s Contract: Coach's Impact on Indiana’s Economy

Curt Cignetti's IU contract details, incentives, and how his leadership boosted Indiana football, enrollment, and local economy.

SportsCasting

Dutton’s position on international student caps ‘utterly reckless’, Giles says – as it happened

This blog is now closed

The Guardian - AU

Walmart issues warning as Trump preps massive tariff hikes

The world's largest retailer flags a major problem for shoppers.

The Street

Canadians are much more pessimistic about money than Americans, new survey shows

The mood of Americans has been a hot topic in the news lately, especially following the recent United States presidential election. Enter the term “vibecession,” which describes the disconnect between people’s personal financial situations and the broader economy.

The Conversation

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You can turn Microsoft Flight Simulator 2024 into 'basically an economy sim' where you hire pilots to fly for you

The new career system will let you eventually own the company, design a logo, and be your own boss.

PC Gamer

Haitian Migrants Leaving Springfield, Ohio After Trump's Election Win

Springfield, Ohio faces challenges as Haitian migrants leave due to Trump's election, impacting economy and community.

Top News

Does Trump Change Stock Market Outlook?

The rally of the S&P 500 (SPY) after the election gives a sense that investors are happy that Trump was elected. But perhaps there is more to this story than meets the eye. That’s why Steve Reitmeister shares his updated market outlook taking into account the pros and cons of…

StockNews.com

Bank of England boss warns over ‘fragmenting’ world economy amid Trump tariffs

Governor Andrew Bailey said he does not want to ‘jump to conclusions’ on the effect of proposed tariffs until they are confirmed.

The Independent UK

Protect yourself in a Trump economy

From higher tariffs to mass deportations, here's what economists are watching

Salon

Housework to green energy: the new markers of growth in rival metric to GDP

Sustainability-focused inclusive income formula accounts for non-monetary factors overlooked in GDP, says ONS

The Guardian - UK

Prime Minister says UK growth figures ‘not good enough’

Sir Keir Starmer said he wanted to stabilise the economy.

Evening Standard

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The Guardian - UK

Keir Starmer denies budget to blame for rise in mortgage rates

PM says budget stabilised the economy, while mortgage rates are ‘individual decisions for the banks’

The Guardian - AU

Morning Mail: voters voice Trump fears, Russian anger over Kyiv missile decision, Sam Kerr baby joy

Guardian Essential poll shows Australians fear incoming president’s impact on security and world economy

The Guardian - AU

Guardian Essential poll: almost half of Australian voters want Aukus reviewed after Donald Trump’s election win

Survey also reveals concern about Trump’s effect on economy and climate crisis – although 48% think hotter summers caused by ‘normal fluctuations’

MarketBeat

Why Buffett Dumped Apple and Bet Big on Domino’s Stock Instead

Here's why Warren Buffett sold Apple stock and invested in Domino's, signaling his outlook on inflation and the broader economy.

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The Independent UK

£20bn hit to the UK economy from Donald Trump’s planned tariffs, says research

The US is the UK’s second-biggest trading partner after the EU and Britain sent £188.2 billion of exports to the US in the 12 months to the end of June

MarketBeat

Alibaba Stock: Why Earnings Make It a Buy Despite the Recent Dip

Alibaba stock went lower even after the company reported a double-digit increase in net income and signs of new stability in the Chinese economy.

MarketBeat

Plug Power Stock: Mixed Results Adds To Volatilty

Plug Power's vision for a hydrogen-powered future faces challenges, but strategic initiatives and market opportunities present potential for long-term growth.

The Guardian - US

Who does the Democratic party actually represent?

No politician can win without a coalition of voters. Do Democrats know who theirs are?

The Independent UK

Starmer raises concern over jailed activist Jimmy Lai in landmark talks with China’s Xi

The prime minister expressed concerns over reports of Jimmy Lai’s deteriorating health

Evening Standard

Starmer lands in Rio to meet Chinese President Xi Jinping at G20 summit

‘China’s economy is obviously the second biggest in the world … I will be having serious pragmatic discussions with the president when I meet him.’

Fortune

More people are dropping out of the creator economy as those at the top get a bigger share of brand deals

The share of Bank of America customers earning income as content creators has declined for three years in a row.

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