Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Russia's economy is 'sputtering,' and Putin's wartime spending model has pushed the country to an 'economic, political, and military abyss'
For years, Vladimir Putin has had a convincing rebuttal to anyone who thought Western sanctions would bring his country to its knees. In the four years since Russia invaded Ukraine, GDP has stayed mostly in the green, its unemployment rate has…
Paraguay's economic rise and what it means for the Southern Cone
July 2 (UPI) -- Paraguay is not a country that typically commands regional headlines. Landlocked, sparsely populated and long dependent on a narrow export base, it has spent decades on the margins of South America's economic conversation. That…
America's $31 Trillion Economy By State
As the United States approaches its 250th anniversary in 2026, its economy has grown to nearly $31 trillion, making it the world's largest by a wide margin. Using the latest estimates from the U.S. Bureau of Economic Analysis (BEA), this…
4 Unsustainable Trends Driving The U.S. Economy
The U.S. market is highly bifurcated, with megacap tech stocks like NVIDIA driving most of the equity gains since late 2022. Core economic drivers—consumer savings, debt, fiscal deficits, and AI-driven tech spending—are unsustainable…
The pragmatic pivot: Economic interdependence anchors HK-EU ties amid geopolitical tensions
Despite the visible diplomatic friction between Hong Kong and the European Union following the political transitions of 2019, the subsequent implementation of the National Security Law, and that of the recent Safeguarding National Security…
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An A.I.-Generated Alexander Hamilton Chats About Economics at the Museum of American Finance, Opening This Weekend in Boston
They say money talks. If true, then the Museum of American Finance, opening July 3 at Boston's Commonwealth Pier, is giving money a microphone. The museum, which is free for visitors, aims to make the story of America's financial systems both…
As Go The Peace Talks, So Goes The Economy.
Before establishing The Stuyvesant Square Consultancy, J.G. Collins spent some 30 years building a career in executive and consulting financial roles, with a particular emphasis in business taxation. His experience spans work for Fortune 100…
The need of the hour is political and economic independence
Illusions, by their nature, shatter with a loud crash. For the State of Israel, that shattering came in its most scarring form on October 7. For decades, since the cheerful days of Oslo, we were told about a 'new Middle East,' about the end of the…
Economy adds 57,000 jobs in June, fewer than expected
The economy fell short of expectations in June, adding 57,000 jobs, fewer than most economists had expected. Despite that, the unemployment rate fell one-tenth of a percentage point to at 4.2%, the Bureau of Labor Statistics reported Thursday. The…
A Short Economic History of the United States
The Declaration of Independence, which founded the United States as an independent nation, was written in 1776—the same year that Adam Smith published The Wealth of Nations, the most prominent early treatise on international capitalism.
Bessent on Trump's crypto earnings, Trump Accounts and the U.S. economy's struggles: 'We're going to get to the other side of this'
In an exclusive interview with CBS News on Thursday, Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's billions in cryptocurrency earnings and the latest developments with the tax-deferred Trump Accounts. He…
Economy adds fewer jobs than expected in June; unemployment at 4.2%
July 2 (UPI) -- The Bureau of Labor Statistics reported Thursday that the U.S. economy added 57,000 jobs in June, much fewer than expected. Economists had predicted a rise of 115,000 jobs, CNBC reported. The unemployment rate dropped slightly to…
Sinking yen and robust economy support BOJ case for earlier rate hike
The Bank of Japan has an increasingly strong case to consider an early rate hike as business activity remains robust and the tumbling yen threatens to spur inflation above its price target. Until recently, economists generally saw the central bank…
England's World Cup win gives economy welcome boost
England 's World Cup victory has helped provide a boost to the economy, with pubs, retailers and consumers all poised to benefit despite signs that business confidence remains under pressure. Investors backed hospitality stocks as football fans…
HKMA calls for enhancing cross-border yuan usage to support the real economy
Hong Kong Monetary Authority Chief Executive Eddie Yue Wai-man wrote to CEOs of all banks in Hong Kong on Thursday to share successful examples in supporting corporate clients' yuan-related needs, calling lenders to further unlock the potential and…
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