Economy Industry News
A collection of Economy latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
This Week In The Economy: Strong US Economic Growth In Q2, Inconclusive Inflation Report, Housing…
Published in Dialogue & Discourse Data released this week showed U.S. economic activity increased at a much faster pace in Q2 compared to the first quarter of the year, powered by strong consumer consumption as well as business spending. Real gross…
Experts on what tech outage means for Australian economy
Tech outage shows the risks of going cashless Some experts still say payments will be all digital READ MORE: CrowdStrike shortage could drive up inflation Experts, pundits, punters and even cartoonists have seized on last week's massive CrowdStike…
China's industrial profits post faster gains in June despite faltering economy
Raul Ariano | Bloomberg | Getty Images China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery. A 3.6%…
Commodity markets fear a repeat of China's 2015 economic slowdown
The rally in commodities this year has nearly fizzled out, with a slowdown in China's economy fueling worries about demand for oil, copper, and other commodities while putting traders on alert over a potential repeat of China's 2015 slowdown, stock…
Opinion | On the economy and foreign policy, Biden has notched important wins
It is too early to write up the legacy of President Biden. He has six more months in office, and in these volatile times, much could happen. But it seems worth looking back at what we now know will be a one-term presidency and asking: What will…
North Korea economy grew in 2023 as arms trade deepened with Russia
North Korean State Media North Korea's GDP grew 3.1% in 2023, according to central bank estimates. The Bank of Korea cited economic cooperation with Russia as one factor. Both countries have deepened ties amid the war in Ukraine. Sign up to get the…
New Suzuki Swift - economical small-car fun in the city
Ever heard of the ‘frequency illusion'? It's when you buy a new pair of shoes and - suddenly - everyone seems to be wearing the same ones. Or you hear a politician on TV using the phrase ‘to be clear...' and within days it seems…
China wants to be better prepared for strategic risks like economic sanctions
It calls national security “a pivotal foundation for ensuring steady and sustained progress in Chinese modernisation”. “We will strengthen the institutions and mechanisms for early warning, prevention and control, and…
As China's economy spirals, the Communist Party tightens its grip
The Chinese Communist Party (CCP) has just concluded the Third Plenary Session of its 20th Central Committee, emphasizing continued reform and opening up. Phrases like “ reform will not pause, and opening up will not stop,” and…
U.S. Economy's Health Suggests 'No Landing' Scenario
Moderate inflation and resilient economic growth indicate the U.S. economy isn't landing at all, Global X's Scott Helfstein says in a note. June's core 12-month PCE inflation met expectation by repeating May's 2.6% pace. It is still above the…
Shanghai seeks AI, humanoid robotics, low-altitude economy upgrade by 2027
Shanghai sees industrial services as “a key link in promoting new industrialisation and cultivating new quality productive force”, according to the plan. Surrounding the strategic sectors, the business centre of the world's…
How community, class and race impact economic mobility
A new Harvard study is checking in on how the U.S. is doing on economic mobility across race and class and examining which factors best predict success. The researchers discovered that earnings increased for white children in affluent families, but…
Green economy could generate 3.3m jobs across Africa by 2030 - report
A greener economy could bring millions of jobs to some of the largest countries in Africa, according to a new report. Research by the development agency FSD Africa and the impact advisory firm Shortlist predicts that 3.3 million jobs could be…
Economic growth remains strong despite concerns over inflation
CBS News business analyst Jill Schlesinger discusses how American consumers are helping to boost the economy. The latest numbers show economic growth doubled to an annual rate of 2.8% in the last three months from 1.4% in the first quarter of 2024.
Americans Saved The Least Amount Last Month Since 2022-As Wallets Remain Light Despite Strong Economy
Americans' leftover income fell to its lowest level since 2022 last month, according to government data released Friday morning, as the effects of the high-inflation economy roar even as headline economic growth proves strong and the stock market…
Receive a Daily briefing on Economy Industry News
Get Started