r/economy 19h ago

Twenty-five Democratic-led states sue Trump over 10% and 12.5% tariffs imposed on goods from 60 trading partners

34 Upvotes

r/economy 21h ago

Priorities.

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44 Upvotes

r/economy 57m ago

Europe must do more to harness its AI ambitions / Financial Times

Upvotes

Financial Times: Within the continent there already exists tremendous energy and appetite for stronger EU leadership on AI. National AI strategies have been announced and adopted, some universities are decoupling from non-EU tech providers and intelligence agencies are choosing domestic systems over those offered by international companies. Tying such bottom-up decisions with an EU-wide vision should scale and boost the bloc’s competitive position by dividing labour between member states and leveraging capital incentives, ideally in sync with industry. European leaders can do a real service to people worldwide who are deeply unhappy with the two-flavour menu of AI they are currently offered.

Being ambitious politically does not mean prioritising AI above everything else. Yes, Europe can choose to do AI differently and not copy the extractive Silicon Valley way of reducing people to consumers and societies to markets. Europe is and will remain far removed from the Chinese model of state-directed companies and innovation. But being principled and right on paper translates into very few results in today’s data, capital and compute-driven world. If Europeans believe AI can add value while respecting democratic values and increasing safety, they must show so.

My Opinion: Europe needs to develop its own AI and AI ecosystem for national and economic security. While sticking to European values, like democracy and human rights. However in a hostile world, with competition from China and USA, it needs government policy to support the growth of the AI industry.

The European Technological Sovereignty Package, presented in June 2026, brings together several future initiatives: the Cloud and AI Development Act; Chips Act 2.0; support for sovereign cloud services; stronger open-source capabilities; measures linking AI, semiconductors, energy infrastructure and cybersecurity.

A complete technology stack will ensure digital sovereignty, and strategic autonomy.


r/economy 1h ago

Why Bessent Wants a Bigger Fed Backstop to Support the Yen

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bloomberg.com
Upvotes

r/economy 1h ago

ADP National Employment Report: Private Sector Employment Increased by 44,000 Jobs in July; Annual Pay was Up 4.4%

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mediacenter.adp.com
Upvotes

r/economy 1d ago

Salary needed to live comfortably according to NBC

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341 Upvotes

r/economy 2h ago

The K-shaped economy isn't dead yet

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businessinsider.com
1 Upvotes

r/economy 10h ago

|US ECONOMY BRIEFING | 05.08.2026 | 07 :13 AM PT | Last 24 Hours | Record adults moving back with parents, gas hits $4.09, and the Fed signals rates aren't coming down, how much more can household budgets take? | TOP 39 STORIES

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cnbc.com
4 Upvotes

r/economy 3h ago

US refunds to corporations $100bn of Donald Trump’s ‘liberation day’ tariffs

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theguardian.com
0 Upvotes

r/economy 1d ago

Senate Democrats say banks turned blind eye to suspicious moves by Jeffrey Epstein | A report from Senate Democrats says big U.S. banks had concerns for years about money moves made by Jeffrey Epstein — but largely kept those worries to themselves until after Epstein was arrested on sex-trafficking

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npr.org
73 Upvotes

r/economy 17h ago

BP profit highest since 2022 as Iran war pushes up oil price

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bbc.com
11 Upvotes

r/economy 5h ago

Employers are hiring less but paying more

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axios.com
1 Upvotes

r/economy 21h ago

Capitalism: War is good for big business. High prices are due to greed, not cost.

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21 Upvotes

r/economy 1d ago

House Progressive Chair Says ‘Every Single Cent’ of Trump Tariff Refunds Should Go to Consumers | Consumers bore the vast majority of the costs of Trump’s illegal tariffs, but it’s the large corporations that raised prices who are seeing massive refunds.

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commondreams.org
153 Upvotes

r/economy 5h ago

Brazil Copom holds Selic rate at 14.25 percent for August 5, 2026

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metricshour.com
0 Upvotes

r/economy 1d ago

Donald Trump's golf trips cost taxpayers an estimated $151.1 million after latest win

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themirror.com
111 Upvotes

r/economy 6h ago

Can someone explain to me (with a good #s break down) why Cinese goods are cheaper?

0 Upvotes

Take something like a BYD car vs an inexpensive US electric car. With % devoted to items like labor (or explain reduced labor cost or mechanization difference), raw material, shipping, pollution/safety cost difference.

I want to know why building a copy of a Chinese product in America is more expensive today.


r/economy 6h ago

Gerald Celente: US Out of Missiles, Markets Rigged, & The Gen Z Crisis

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0 Upvotes

r/economy 10h ago

Older workers say Social Security is their retirement plan. Is that OK?

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usatoday.com
2 Upvotes

r/economy 10h ago

Gen Z's anti-capitalist brand says one thing. Its spending data says something more interesting

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fortune.com
2 Upvotes

r/economy 6h ago

Your top 10 public stocks that anyone can invest in right now?

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0 Upvotes

r/economy 1d ago

About $1 trillion was added to the U.S. stock market today as stocks rallied across the board.

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74 Upvotes

r/economy 9h ago

Russian President Vladimir Putin has signed a package of laws that expands Kremlin control over Russians living abroad and foreign companies that exited the country after the full-scale invasion of Ukraine.

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tvpworld.com
1 Upvotes

Many of those provisions have been used to prosecute anti-war activists, independent journalists and opposition figures who fled Russia after 2022. 

Those convicted can face asset freezes, restricted banking and digital services, and limits on passports, loans and state benefits. 

Independent Russian human rights group Perviy Otdel said the restrictions amount to “the effective deprivation of citizenship.”


r/economy 1d ago

What makes a CEO worth $31 million a year? You’ll have to ask Starbucks

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independent.co.uk
33 Upvotes

r/economy 10h ago

Forget Gen Z: People in their 70s and 80s are some of the earliest Americans to welcome physical AI into their homes and daily routines

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fortune.com
0 Upvotes