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Search results: “US economy”

24 stories found

Games industry economicsSingle source

Economist estimates GTA 6 launch could cost the US economy $1 billion

The GTA 6 launch could temporarily cost the US economy about $1 billion if 1.5 million people miss work. Economist José García Montalvo links the estimate to the game’s long wait; Rockstar Games has scheduled its release for November 19, 2026.

  • An economist estimates the GTA 6 launch could create about $1 billion in short-term US economic losses.
  • About 1.5 million Americans could miss work on launch day.
1 sourceTrust: Single source
ITC.ua
WorldSingle source

Trump’s economy and the US midterms: Reporters to answer readers’ questions

Guardian reporters will hold a reader Q&A on how the US economy could affect the midterm elections. The session is scheduled for Thursday at 12pm ET (4pm UTC), with voting set for 3 November.

  • The Guardian will host a Thursday Q&A at 12pm ET (4pm UTC) on the economy and US midterm elections.
  • Four reporters covering business, labor, consumer rights and corporate rights will take part.
1 sourceTrust: Single source
The Guardian World
Public financesSingle source

UK government debt reaches £3tn for the first time as inflation rises

The UK’s total government debt has reached £3tn for the first time. September’s budget deficit rose to £24.5bn while inflation climbed to 3.5%, increasing pressure on the government before next week’s budget.

  • The UK’s total government debt has reached £3tn for the first time.
  • The September deficit was £24.5bn, £1.9bn above the OBR forecast.
1 sourceTrust: Single source
The Guardian Business
United StatesSingle source

ICE raids hit Texas builders and Latino voters who backed Trump

Expanded ICE arrests are disrupting Texas’s construction workforce and economy. Agents made more than 12,000 arrests in July, while approval of Donald Trump among Texas Latinos has fallen to 37%, according to Equis Research.

  • ICE raids in Texas are increasingly targeting undocumented construction workers.
  • More than 12,000 people were arrested in the state in July.
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The Guardian Business
Economy and financeSingle source

Profit warnings from UK-listed firms hit two-year high as Iran war raises costs

UK-listed companies issued 65 profit warnings in the three months to September, the highest quarterly total in two years. EY-Parthenon said policy change, geopolitical uncertainty and rising costs were key factors as the war in the Middle East added pressure on businesses.

  • UK-listed companies issued 65 profit warnings in the third quarter, the highest total in two years.
  • Almost 17% of UK-listed companies have issued a warning in the past 12 months.
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The Guardian World
US economySingle source

Nearly two-thirds of Americans say the US is in a recession

Nearly two-thirds of Americans believe the US is experiencing a recession, a Harris Poll conducted for the Guardian found. By the usual definition, the country is not in recession, but higher prices and a stagnant job market are making the economy feel weaker.

  • Nearly two-thirds of Americans believe the US is in a recession.
  • The Harris Poll was conducted for the Guardian.
1 sourceTrust: Single source
The Guardian Business
Food securitySingle source

G7 countries pledge $2.5 billion to fight food insecurity

The G7 countries have pledged $2.5 billion to combat food insecurity. French Finance Minister Roland Lescure said the World Bank had identified 44 countries that may face food insecurity, partly because of fertiliser supply problems linked to higher energy prices after the US war on Iran.

  • The G7 countries have pledged $2.5 billion to fight food insecurity.
  • The World Bank identified 44 countries that may face food insecurity.
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Le Monde Economy
US politicsSingle source

Trump says Iran war will end ‘very soon’ as midterms approach

US President Donald Trump said the war with Iran would end “very soon” and “as soon as I want it to end.” He also said Iran would never obtain a nuclear weapon and that oil prices would fall sharply.

  • Donald Trump said the war with Iran would end “very soon.”
  • Trump said Iran would never obtain a nuclear weapon and that oil prices would fall sharply.
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The Guardian World
EconomySingle source

US inflation accelerates to 3.7% ahead of midterm elections

US annual inflation rose to 3.7% in September from 3.4% in August, while prices increased 0.6% over the month. The figures add to uncertainty ahead of the Federal Reserve’s rate decision later this month.

  • US consumer prices rose 0.6% in September and were up 3.7% year over year.
  • Petrol prices climbed 9.1% over the month, accounting for more than half of the CPI increase.
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Al Jazeera English
InflationSingle source

US inflation rises to 3.7% ahead of midterm elections

US annual inflation rose to 3.7% in September from 3.4% in August, exceeding forecasts. Petrol prices increased 34.2% over the year and accounted for more than half of September’s monthly rise amid disrupted Middle East energy supplies.

  • US annual inflation reached 3.7% in September, above forecasts.
  • Vehicle fuel prices rose 34.2% over the year and 9.1% in September.
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BBC Business
EconomySingle source

How Iranians move money abroad despite US sanctions

Restricted access to international banking is pushing Iranians toward currency brokers, private arrangements and cryptocurrency for overseas payments. The alternatives carry risks including fraud, delays, extra costs and possible sanctions.

  • Iranians use currency brokers, private arrangements and cryptocurrency to move money abroad.
  • The US sanctioned the crypto exchanges Nobitex, Wallex, Bitpin and Ramzinex.
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Al Jazeera English
US and RussiaSingle source

Zelenskyy calls Trump’s lifting of Russian diesel sanctions ‘weak’

Ukrainian President Volodymyr Zelenskyy criticised Donald Trump’s decision to allow purchases of Russian diesel after a deal with Vladimir Putin. Democrats and several prominent Republicans in the US also condemned the move.

  • Trump agreed with Putin on a deal for Russia to sell diesel to the US.
  • Global purchases of Russian diesel will be allowed for six months.
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The Guardian World
Immigration and technology industrySingle source

JD Vance says Microsoft barred from seeking green cards for H-1B workers

US Vice-President JD Vance said Microsoft had been suspended from applying for permanent residency for workers employed through the H-1B program. The Labor Department said Adobe had faced the same measure.

  • Microsoft was barred from seeking permanent residency for H-1B workers, JD Vance said.
  • The Labor Department said Adobe faced the same suspension.
1 sourceTrust: Single source
The Guardian World
Public financeSingle source

Chalmers prepares further budget cuts but says Australia should avoid recession

Australian Treasurer Jim Chalmers said global economic pressures are intensifying but the government is not anticipating a recession at home. Officials are seeking further savings before the December mid-year budget update, after the May budget identified A$44.9bn in cuts over four years.

  • Jim Chalmers said Australia was not anticipating a recession despite intensifying global economic pressure.
  • The government is seeking further savings before the December update after A$44.9bn in cuts were identified.
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The Guardian World
PoliticsSingle source

Brazil’s election could reshape the balance between Latin America’s left and right

Brazil votes on Sunday in a closely fought presidential election between Luiz Inácio Lula da Silva and Flávio Bolsonaro. Analysts say a Bolsonaro victory would strengthen Donald Trump’s rightwing bloc in Latin America, while Lula’s camp presents the contest as a test of regional autonomy.

  • Lula and Flávio Bolsonaro are locked in a close presidential race in Brazil.
  • A Bolsonaro victory could strengthen Donald Trump’s rightwing bloc in Latin America.
1 sourceTrust: Single source
The Guardian World
Fuel and inflationSingle source

UK diesel reaches £2 a litre for first time as eurozone inflation rises to 3.8%

The average UK diesel price has reached £2 a litre for the first time, while eurozone inflation rose to 3.8%, its highest level in three years. G7 countries agreed to release up to 100 million barrels of oil and diesel from strategic reserves.

  • The average UK diesel price has reached £2 a litre for the first time.
  • Eurozone inflation rose to 3.8%, its highest level in three years.
1 sourceTrust: Single source
The Guardian Business
US stock marketSingle source

Softer US inflation lowers traders’ bets on an October Fed rate hike

US inflation came in below expectations in August, reducing traders’ bets on a Federal Reserve rate hike as soon as October. LSEG data put the implied probability at about 35%, down from roughly 45%.

  • A below-forecast PCE reading reduced expectations of an October Fed rate hike.
  • The implied probability of an October hike fell from roughly 45% to about 35%.
1 sourceTrust: Single source
The Guardian Business
Monetary policySingle source

BoE may raise rates if high energy prices fuel inflation, Lombardelli warns

Bank of England deputy governor Clare Lombardelli said interest rates would probably need to rise if elevated energy prices kept inflationary pressures persistent. She said the size and duration of the energy shock remained materially uncertain.

  • The Bank of England may raise rates if high energy prices keep inflation persistent.
  • The US 30-year Treasury yield reached 5.4583%, its highest level in 22 years.
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The Guardian Business
WorldMultiple publishers

Canada imposes counter-tariffs on US goods: measures cover nearly C$28bn, up to 50%

Canada implemented retaliatory tariffs on a range of US goods on Tuesday. The measures target nearly C$28bn of American products with rates between 15% and 50%; fresh fish and lobster were later removed from the list after industry pushback.

  • Canada imposed counter-tariffs covering nearly C$28bn of US goods.
  • Tariff rates range from 15% to 50%; 50% applies to items including milk, steel, aluminium, golf clubs and certain clothing.
2 sourcesTrust: Multiple publishers
BBC World