Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Who gains in an AI-supercharged economy?
At Vanguard, we anticipate 3% U.S. gross domestic product growth in 2027, an estimate that is noticeably higher than other professional forecasts, implying continued strong support for risk assets. Such growth will not represent an incremental…
The democratic socialist economic incontinence
Still, despite the overwhelming economic and social evidence, Americans who are unhappy with their circumstances want to experiment with socialism. Growing in influence over the Democratic Party, the Democratic Socialists of America advocate a…
The Team Of One: How AI Video Is Rewriting Production Economics
Hovhannes Avoyan is Founder and CEO of Picsart, a photo and video editing platform and creative community. Last year, a $2,000 ad aired during the NBA Finals. One person made it with AI in two to three days with no crew, no studio and no shoot. It…
Kim Jong Un focuses on economy, silent on Trump overtures
SEOUL, Aug. 26 (UPI) -- North Korean leader Kim Jong Un presided over a key party meeting focused on economic development, state-run media reported Wednesday, but made no mention of renewed diplomatic outreach by U.S. President Donald Trump. Kim…
Gen Z spending more on coffee and travel in sign of 'little treat economy'
Despite struggling with debt and rising prices, the country's younger consumers continue to spend on discretionary goods in an indication of what economists have dubbed the “little treat economy.” Data on spending patterns and survey…
Capital F closes $17M debut fund with goal to back the future of the 'female economy'
Capital F, one of the few all-female-led VC firms, announced Wednesday the $17 million close of its debut fund. The firm backs companies building in the “female economy” — or the markets where women drive demand. That mainly…
Opinion | The security-obsessed global economy needs its own Helsinki process
Forty years ago, the Stockholm Document turned the political promise of the 1975 Helsinki Final Act into a more practical system of confidence-building. Amid the Cold War, Europe's East and West did not disarm, abandon deterrence or begin to trust…
U.S. economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimate
Still, consumer spending — which accounts for about 70% of U.S. economic activity — increased at a healthy 3.4% annual clip, up from 0.5% in the January-March period. The reason for the lackluster growth was imports. They are…
IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns
The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating fiscal conditions in some countries shown…
Economists want Warsh to share more on his view of the economy at Jackson Hole, says CNBC survey
Eighty percent of CNBC Fed Survey respondents say the Federal Reserve Chairman Warsh should provide more insight into his economic views. Warsh is scheduled to deliver his first keynote speech at the Fed's Jackson Hole Economic Policy Symposium on…
Day of reckoning': Moody's economist Mark Zandi warns that conditions for economic crisis are falling in place for US
Moody's Analytics Chief Economist Mark Zandi is increasingly unnerved about the potential for the U.S. to sleepwalk its way into an economic crisis. 'I can't tell you when that day of reckoning might happen,' Zandi told hosts Sonia Jahshan and…
'Abandoned by the President:' Trump's Economic Policies Keep Hurting His Rural Base
On Monday afternoon, Craig Moss was testing out a new silage chopper. The machine can dice up an entire green corn plant into half-inch chunks before the milky pieces are packed tight into what Moss calls “big concrete bunkers” where…
Democrats up 7 points on the economy over GOP: Poll
Democrats are ahead 7 points on the economy over Republicans, according to a new poll. In The Economist/YouGov poll, 39 percent of respondents said they believe Democrats do “a better job handling” the economy, while 32 said the same…
Iran emphasises self-sufficiency in battle against US economic war
Tehran, Iran – Iranian authorities are adamant that their country's domestic capacities will be able to keep the country's economy afloat, despite new economic sanctions targeting Iran unveiled by the United States this week. The US aims to…
Is the K-shaped economy ending? Finance pros weigh in
Treasury Secretary Scott Bessent declared the K-shaped economy over. He said the economy looks more like a 'C' shape. Economists and household credit data suggest the picture remains mixed. Some economists say spending growth among lower-income…
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