Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Bessent says K-shaped economy is 'over'
(NewsNation) — Treasury Secretary Scott Bessent says the “ K-shaped ” economy has come to an end, arguing lower-income Americans are beginning to regain ground. “I can say here definitively, the K-shaped economy is…
Silverstone's new MotoGP contract 'great news' for economy
An extension to Silverstone's deal to continue hosting MotoGP is a boost to the local and national economy, the track's managing director has said. MotoGP and Silverstone announced the news to keep the highest class of motorbike racing at the…
Silverstone's new MotoGP contract 'great news' for economy
James Grant, Northamptonshire and James Burridge, Silverstone Circuit An extension to Silverstone's deal to continue hosting MotoGP is a boost to the local and national economy, the track's managing director has said. MotoGP and Silverstone…
Opinion: As Uncle Sam plays God with Japan's yen, the world economy stands on edge
Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. In a U.S. administration…
The Memo: Weak jobs report clouds economy as Trump barrels toward midterms
New clouds darkened the economic landscape on Friday, as the latest employment report showed the nation shedding 23,000 jobs in July. The number came as an unpleasant surprise to most economists. The consensus prediction from experts canvassed by…
Financials Down on Economic Trepidation -- Financials Roundup
Shares of banks and other financial institutions ticked down amid trepidation about the U.S. economy. The surprising loss of jobs in July could complicate the Federal Reserve's plans if inflation remains elevated, economists warned. While markets…
Hong Kong economic forecasts upgraded as global investment initiatives exceed targets
With multiple major financial institutions recently raising Hong Kong's full-year economic growth forecast to around 4.5 percent, surpassing government expectations, the city's commerce chief has highlighted the success of ongoing global outreach…
Iran's Economy Is In Shambles As War Takes Its Toll
Despite the bluster from Iranian officials on social media, it should come as no surprise that the country is not doing well economically. From the beginning of the conflict to current day, Iran has been dealt an estimated $270 billion to $300…
What the July jobs report reveals about the strength of the economy
Heather Long, Chief Economist, Navy Federal Credit Union: So this is not the jobs report many people were expecting. Where do you see the biggest weaknesses here? Yes, this was a real wakeup call, definitely a bleak report. As you pointed out, it…
Iranian officials are worried the U.S. blockade will cause an economic collapse and admit sanctions relief is desperately needed
Sensing it has the upper hand, Iran issued a long list of maximalist demands before it reopens the Strait of Hormuz, even as officials in Tehran grow increasingly concerned about the shattered economy. While Iran and Oman have been in talks over…
Union calls for robust review of OBR over fears it holds back economic growth
The TUC is urging the new chancellor, John Healey, to order a “root and branch” review of the Office for Budget Responsibility, claiming the forecaster's approach holds back investment. With Andy Burnham promising “good growth…
Corner of London highlighted for its economic 'clusters'
By the standard of most London boroughs, Hammersmith and Fulham is small. Wedged between Kensington and Chelsea to its east and Ealing and Hounslow to its west, it looks on a map as if it is being crushed by its neighbours, tall and somewhat thin…
India's Experience Economy set to reach $59.2 billion by 2030: EEMA president
The entertainment and live events sector is expected to reach $59.2 billion by 2030, up from its current size of $32.2 billion, Samit Garg, president of the Events and Entertainment Management Association (EEMA) and MD and co-founder of E-Factor…
In North Carolina's Outer Banks, a community is spending millions to save its economy from collapsing into the ocean
In Buxton, a village on one of the barrier islands of North Carolina's Outer Banks, it's go time for Dare County Manager Bobby Outten and his crew in their efforts to restore several miles of eroded shoreline. 'We have a huge economy that we need…
Colombia President Abelardo De La Espriella Pledges Drug Crackdown, Economic Reforms
Colombia's new right-wing President Abelardo De La Espriella has taken office with promises to intensify the fight against drug trafficking, restore security and introduce sweeping economic reforms aimed at rebuilding investor confidence. De La…
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