Economy Industry News
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Chancellor warns of tough Budget because of economic impact of Iran war
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Chancellor has warned that the Budget in the autumn…
America's superpower isn't military might, it's economics | Opinion
For as long as anyone can remember, whether it was leading the fight against Soviet expansionism, winning the Cold War or launching global economic integration in its aftermath, the world has viewed the United States as a superpower. Even today, as…
US economy adds 162,000 jobs in August
The U.S. economy added 162,000 jobs in August, soaring past expectations and raising the prospect that the Federal Reserve could hike interest rates next month. The unemployment rate remained unchanged at 4.1 percent, according to the data released…
John Healey warns of tough first budget as Middle East war puts pressure on economy
The chancellor has indicated that the UK will face a tough budget next month due to Trump's war in the Middle East. In an interview with the Financial Times, John Healey said the conflict in Iran would probably have a strong influence on his first…
US Diesel Pump Prices Hit Record As Global Refined-Products Crisis Threatens Industrial Economy
Goldman explained this week that Gulf oil exports had recovered to between 15 million and 16 million barrels per day, roughly two-thirds of prewar levels, with the rise of dark tanker transits obscuring some flows from conventional tracking via the…
How data centers are reshaping the U.S. economy
A new report reveals that data centers are playing an increasingly central role in the economy, a development which is unlikely to curb the growing grassroots opposition to the facilities behind the artificial intelligence (AI) boom. This week, the…
Interest Rates Will Increasingly Crimp The U.S. Economy
Rising interest rates are pressuring key U.S. economic sectors, especially housing, big-ticket consumer goods, and commercial real estate. I remain underweight homebuilders and housing-related equities like Home Depot due to persistent…
Republicans sour on the economy
Republicans' confidence in the economy has plummeted over the last six months at a pace unseen since Covid — reminiscent of the declines during the global financial crisis nearly two decades ago. Why it matters: Usually, the president's…
Trump's latest economic threat is by far his worst
President Donald Trump on Friday issued what amounts to an extortionist threat against the Federal Reserve Board, telling its members that if they do not comply with his demand to lower interest rates, he will suspend trade with nations that the…
U.S. Economy Added Whopping 162,000 Jobs in August, Smashing Expectations
Economists vastly underestimated the strength of the U.S. labor market for the month of August, according to new data released by the Department of Labor. The Bureau of Labor Statistics analyzed that the U.S. economy added a whopping 162,000 jobs…
Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him
WASHINGTON (AP) — President Donald Trump has spent 20 months promising that America was on the cusp of an economic boom. But Friday's surprisingly positive jobs report ultimately provoked frustration from Trump. The August job numbers might…
Chancellor warns tough Budget looms as Trump's war with Iran hits UK economy
The Chancellor has warned of a difficult autumn Budget as the British economy faces the impact of US president Donald Trump's war in the Middle East. John Healey issued the warning following a sharp increase in Government borrowing earlier this…
Opinion: A person (not AI) wrote this column, because people are still the future of Maine's economy
The BDN Opinion section operates independently and does not set news policies or contribute to reporting or editing articles elsewhere in the newspaper or on bangordailynews.com Kate Fahey is the director of the Peer Workforce Navigator Network.
Italy's Meloni just hit a major political milestone. Former leaders say economic reform must follow
Italian Prime Minister Giorgia Meloni's government became the country's longest-serving cabinet since World War II on Friday. Bond markets have rewarded the period of political stability, during which the government deficit has fallen sharply. But…
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