Economy news

• Who is Andy Burnham, the ‘Manchester messiah’?

  03-07-2026 15:00 via moneyweek.com
  
  Andy Burnham's arrival at London Euston, on the authentically late-running 10:43am Avanti West Coast service, reminded some of Barack Obama's “Hope express” from Chicago to Washington in 2008 and others of the secret “sealed train” carrying Vladimir Lenin to St Petersburg in 1918.As “Comrade Burnham” hurtled south, tracked by helicopters, he made a symbolic reunion with his Westminster past: changing out of his trademark black T-shirt into a suit. He escaped t
  
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• Emerging market funds are over-focused on East Asia – here's how to rebalance your portfolio

  03-07-2026 17:38 via moneyweek.com
  
  What exactly is an emerging market? You can debate all sorts of measures of economic development and levels of income as the cut-off point, but as far as the financial world is concerned, what matters most is whether the stock market is part of the MSCI Emerging Markets (EM) index or not.The AI boom is starting to stretch this line of reasoning, as we have noted a few times in recent weeks. The performance of a handful of stocks that are integral to the semiconductor sector means the index is in
  
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• Forecasting recessions? GLWT

  03-07-2026 17:05 via ft.com
  Alphaville 🤜 🤛 The Economics Show
  
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• Brent could fall to $60 a barrel by Christmas, forecasts Citi

  03-07-2026 16:04 via ft.com
  Bearish forecast comes as Wall Street analysts predict oil market will return to surplus
  
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• The Magnificent 7 stocks are starting to look mediocre

  03-07-2026 16:00 via moneyweek.com
  
  The Magnificent 7 stocks (Mag 7) are starting to look mediocre. The group, which is made up of Nvidia, Alphabet, Apple, Microsoft, Amazon, Tesla and Meta, has been in the vanguard of the AI boom. Between the beginning of 2023 and the start of this year, the seven US technology mega-caps added $15 trillion in value between them and grew to account for a third of the entire S&P 500 by market capitalisation, say Emily Herbert and Tim Bradshaw in the Financial Times. Yet over the past month, the
  
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• The investment opportunities at the heart of the energy transition

  03-07-2026 15:45 via moneyweek.com
  
  The energy transition – a global process of shifting from fossil fuel-based power production to renewable energy – is coming along apace, and the commodities underpinning it offer enticing opportunities for investors. Even in the US under president Donald Trump and his ‘drill baby drill’ agenda, renewables usage is on the rise. Renewable energy generation in the US increased 10% in the first four months of 2026 compared to the same period a year before, according to data
  
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• Priority Pass or Dragonpass: which is better, and should you get an airport lounge membership?

  03-07-2026 13:40 via moneyweek.com
  
  If you’re a frequent flyer, having an airport lounge membership like Priority Pass or Dragonpass can make travelling significantly more comfortable. Rather than waiting at a crowded terminal, airport lounge access can mean complimentary food and drinks, Wi-Fi, quiet workspaces and even shower facilities.You can get lounge passes with certain packaged bank accounts or credit cards with airport lounge access, but that’s not the only way. You could book one-off visits to some airport lo
  
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• Europe’s dilemma over Chinese car plants

  03-07-2026 13:06 via ft.com
  Proposed EU law threatens investment in the bloc, warns carmaker Xpeng
  
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• FirstFT: 130mn Americans placed under extreme heat warning

  03-07-2026 12:11 via ft.com
  Also in today’s newsletter: Anthropic shuts loopholes exploited by Chinese companies and the inside story of Jamie Dimon’s recent reshuffle
  
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• Review: The Ritz-Carlton, Bangkok blends Thai heritage with classic elegance

  03-07-2026 11:15 via moneyweek.com
  
  On 13 January, 1913, when King Rama VI sent Thailand's first wireless message from the Saladaeng Radiotelegraph Station in Bangkok, he could never have foreseen that more than a century later, in the same spot, guests would be sipping cocktails by the pool, scrolling on smartphones and communicating in real time. Back then, this whole area was little more than rice paddy – open, flat and far enough from the city's sprawl to minimise any interference with the radio waves. The radiotelegraph
  
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• Brent to slide as low as $60 a barrel by Christmas, forecasts Citi

  03-07-2026 09:03 via ft.com
  Both US and Iran have good reason to maintain ceasefire, bank’s analysts say
  
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• The June jobs report was a blip — we hope

  03-07-2026 07:30 via ft.com
  Plus, tricks with trimmed mean inflation
  
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• FirstFT: Anthropic clamps down on Chinese access to Claude

  03-07-2026 06:32 via ft.com
  Also in today’s newsletter: Wall Street profits and Burnham’s fiscal plans
  
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• Why didn’t the Iran war cause a recession? With Tyler Goodspeed

  03-07-2026 06:00 via ft.com
  Economic downturns are “fundamentally unforecastable”
  
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• Strait of Hormuz transits increase as US-Iran ceasefire holds

  03-07-2026 06:00 via ft.com
  Number of ships passing via waterway quadruples over the past week as tankers cautiously return
  
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• Hormuz transits increase as US-Iran ceasefire holds

  03-07-2026 06:00 via ft.com
  Number of ships passing via waterway quadruples over the past week as tankers cautiously return
  
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• Canada unveils plans for new oil pipeline to break dependence on US

  03-07-2026 03:57 via ft.com
  Project to supply Asia with 1mn barrels per day is part of push to reduce over-reliance on US amid trade hostilities
  
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• How do the upcoming ISA changes apply to over 65s?

  02-07-2026 18:01 via moneyweek.com
  
  Investors are facing major changes to ISA rules from April 2027 as the government tries to foster a culture of investing in the UK.The reforms, as confirmed in the 2025 Autumn Budget by chancellor Rachel Reeves, will see a new annual cash ISA limit of £12,000, down from the current £20,000 ISA allowance, for under 65s. The £20,000 annual ISA allowance – which also covers stocks and shares, innovative finance ISAs and lifetime ISAs – will remain.A new 22% charge on c
  
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• US unemployment ticks down in June, supporting hawkish Fed pivot

  02-07-2026 15:54 via ft.com
  While job growth figures underwhelmed, the overall picture of the US labour market remains robust
  
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• How AI could make markets worse

  02-07-2026 12:00 via ft.com
  Heed the lessons of information economics
  
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• Fear, loathing and ice cream pricing

  02-07-2026 12:00 via ft.com
  Japan’s food industry is a shopfront for the vulnerabilities of a weak currency
  
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• Trump blocks long-term renewal of North America trade pact

  02-07-2026 10:58 via ft.com
  Washington will hold annual reviews on terms of commerce with its biggest trading partners
  
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• FirstFT: OpenAI proposes US government stake

  02-07-2026 06:30 via ft.com
  Also in today’s newsletter: Tank maker’s postponed IPO and Burnham’s finance boost
  
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• Why Americans are about to pay so much for their July 4 hot dog

  02-07-2026 06:00 via ft.com
  Inflation triggered by Donald Trump’s tariffs and Iran war set to make holiday parties most expensive ever
  
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• Hot dog inflation: Americans brace for costliest ever July 4 parties

  02-07-2026 06:00 via ft.com
  Tariffs and war in Iran have kept food and gasoline prices high as country marks 250th birthday
  
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• Americans prepare for most expensive July 4 celebration ever

  02-07-2026 06:00 via ft.com
  Tariffs and war in Iran have kept food and gasoline prices high as country marks 250th birthday
  
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• Americans’ July 4 celebrations come with highest-ever price tag

  02-07-2026 06:00 via ft.com
  Tariffs and war in Iran have kept food and gasoline prices elevated as country marks 250th birthday
  
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• Americans brace for costly July 4 as Trump’s tariffs and Iran war bite

  02-07-2026 06:00 via ft.com
  Food and gasoline prices elevated as country marks 250th birthday
  
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• US opts not to renew Trump’s trade deal with Mexico and Canada

  01-07-2026 20:29 via ft.com
  Washington will instead hold annual reviews on terms of commerce with its biggest trading partners
  
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• US opts for rolling trade talks instead of renewal of deal with Mexico and Canada

  01-07-2026 20:29 via ft.com
  Change comes despite poll showing voters’ bipartisan backing of USMCA
  
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