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'I paid thousands to a company for jobs that never came'
Source: BBC Business
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Analysis: Why a $2 trillion deficit and 5% Treasury yields are becoming America's biggest economic challenge
Treasury yields above 5% are raising borrowing costs for households and the federal government, highlighting the challenge of financing $2 trillion deficits.
BBC Business2 outlets
Healey says surprise UK growth is 'sign of resilience' ahead of Budget
The economy grew by 0.1% in August, defying analysts' expectations of a slight contraction.
The Guardian
Chancellor John Healey pledges to protect ‘resilience’ of UK economy after growth beats forecasts in August – business live
John Healey is speaking to UK journalists at the IMF annual meeting in Bangkok now Today’s better-than-forecast UK growth report is good news for chancellor John Healey as he hobnobs with other finance ministers at the IMF meeting in Bangkok. But it may encourage the Bank of England to raise interest rates as soon as its next meeting in November…. “While August’s unexpected uptick all but confirms that the OBR will raise its growth forecast for this year from 1.1% to 1.4%, the Chancellor still faces a major Budget headache, as elevated borrowing costs eat into fiscal headroom and increase pressure for tax rises. “These unexpectedly upbeat figures will further embolden hawkish sentiment among policymakers by reinforcing the view that the economy is strong enough to withstand a rate rise, making a November hike look highly likely.” “The latest GDP figures are encouraging, with the economy
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China indicates rare earths will keep flowing to EU, regardless of U.S. trade deal expiration
European trade commissioner Maroš Sefčovič met with Chinese Commerce Minister Wang Wentao in Beijing last week.
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UK economy grew 0.1% in August, beating expectations
The U.K. is grappling with a cost-of-living crisis sparked by sticky inflation and surging energy costs.
CNBC
Nvidia, AMD, Micron fall as AI stock sell-off deepens
A sell-off in global technology hardware stocks deepened Thursday.