Economy Industry News

How the war in Iran and its economic fallout will lead to Trump's defeat

Donald Trump is still high on the capture of Nicolás Maduro. The easy abduction of the Venezuelan president didn't just grant Trump control of the nation's oil and critical minerals resources. It allowed him to throttle the government of…

There's only one way Albo can save the economy he wrecked

Australia's economic problems are now part of the country's broader political failure. Our politicians have let us down for years. Weak productivity and a tax system that leans too heavily on income taxes - and too softly on accumulated wealth -…

Accounting vs. Economics: Key Distinctions Explained

Accounting focuses on tracking finances for individuals and businesses. Economics examines production, consumption, and market dynamics. Accountants track the flow of money for businesses and individuals. Economists use data to influence policies…

Single-Payer Healthcare: Costs, Challenges, and Economic Impacts

To some, it's the greatest idea since price supports for agriculture: A government assumes its citizens' healthcare choices, paying every cost and minimizing all guesswork. To others, it's an infringement on individual human autonomy, the…

Macroscope | By waging war on Iran, Trump leaves the US economy more vulnerable

War in the Middle East is again producing an oil shock, as was the case in past years. For the chief perpetrator of the new shock – the United States – this will be a multi-front war where the financial impact could hit the country…

Report cuts US economic growth, Wall Street worried about stagflation

A new government report has sparked fears that the US economy is losing steam just as prices threaten to rise again. The US Bureau of Economic Analysis slashed its estimate of economic growth for the final three months of 2025 to just 0.7 percent…

As I see it | Trump and Netanyahu's Iran quagmire is wrecking the global economy

A declining superpower and an aspiring regional hegemon make a deadly combination. The warmongering duo of the United States and Israel have now given the world an illegal and potentially catastrophic war in Iran. It's a tragic irony that both…

Media Says 'Gambling' Trump Got Lucky On The Economy

Democrats have been predicting doom and gloom ever since Trump returned to office, yet the economic calamity they assured us would come has yet to materialize. But rather than give Trump credit, the narrative being pushed now is that his wins are…

Economic Fears Hit Consumer Stocks -- Consumer Roundup

Consumer discretionary firms ended Friday lower. Discount retailers recorded some of the day's biggest losses. Dollar Tree and Dollar General both marked big declines, after Dollar General's latest quarterly earnings got a cool reception from the…

Oil Shock Hits An Economy Already Showing Cracks

Mideast conflict weighs on global economy: Finnish media

HELSINKI, March 13 (Xinhua) -- The ongoing conflict in the Middle East is being felt far beyond the battlefield, weighing on global stock markets, oil and gas futures, and risk premiums, according to an editorial published Friday by Finnish daily…

Telangana to support Tanzania's digital economy transition

Telangana has offered assistance to Tanzania by way of technological cooperation and institutional support as the African country looks to transition into a digital economy. IT and Industries Minister D. Sridhar Babu conveyed the State's…

War on Iran Is Enriching Weapons Firms as It Tanks the Global Economy

Did you know that Truthout is a nonprofit and independently funded by readers like you? If you value what we do, please support our work with a donation. Since the end of World War II, almost every U.S. president has initiated a major military…

The Latest Economic Numbers Are Brutal for Trump

The likelihood is growing that the economy will be in recession when voters cast their ballots in the midterm elections. Goldman Sachs on Thursday raised its 12-month estimation of a recession's probability from 20 percent to 25 percent, and on…

Correction Has To Occur' - NYU Finance Professor Warns Economic Order Is 'Coming Apart' Amid Unprecedented 'Catastrophic Changes' In 70 Years

Pandemic, tariffs, wars — today's markets have taken hits most of us can barely keep track of, and yet we all quietly assume every dip is just a temporary wobble. But Aswath Damodaran, professor of finance at New York University's Stern…