Economy
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How Gautam Adani became the world’s fourth richest person while billionaires like Jeff Bezos lost tens of billions
Gautam Adani has had a very good year. The Indian billionaire briefly surpassed Amazon founder Jeff Bezos to become the…
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Next slashes profit forecasts in bleak warning for the high street
N EXT today slashed profit forecasts after a tough summer, a worrying indicator for the rest of the high street…
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A cost of borrowing crisis is coming
T he Chancellor’s mini-budget was intended to end the cost of living crisis and revive the UK economy. But by…
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Jobless claims hit five-month low despite Fed’s efforts to slow labor market
A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., August 19, 2022. Sarah…
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Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara,…
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Sturgeon: Economy better off when Prime Minister was ‘missing in action’
N icola Sturgeon has said the UK economy was “better off” when the Prime Minister was “missing in action” following…
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Liz Truss Got More Than She Bargained For During This Brutal Round Of Local Radio Interviews
Liz Truss was pulled apart by local journalists on Thursday, as she tried to explain where she’s been for the…
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Tony Blair Institute Says Kwasi Kwarteng’s Plan ‘Looks Set To Fail’
Kwasi Kwarteng’s plan to boost growth “looks set to fail”, the Tony Blair Institute has said. The chancellor’s mini-budget will…
Read More » - Market
Pimco’s Ivascyn sees a mild recession ahead and several investing opportunities
Dan Ivascyn, PIMCO, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC The U.S. is likely headed toward…
Read More » - Politics
What Is Happening With The UK Economy Right Now? Here’s What You Need To Know
It’s fair to say the UK economy has been a bit all over the place since Friday. The pound tumbled…
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Billionaire investor Ray Dalio says UK’s economic plan ‘suggests incompetence’
Ray Dalio, founder of Bridgewater Associates LP, speaks during a panel session on day three of the World Economic Forum…
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Scottish Equality Goals Undermined As Top College Favors Children Of The Well-Heeled
A general view of St Andrews University and quadrangle, Fife, Scotland August 1984. St Andrews is … [+] Scotland’s first…
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UK warned of economic ‘doom loop’ as market turmoil rages on
T he pound resumed its slump and shares tumbled today as some forecasters warned of a “doom loop” that could…
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Why Did The Pound Drop?
People both inside and outside of Westminster were left wincing on Monday as the pound dropped to a record low…
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Larry Summers blasts UK tax cuts as ‘utterly irresponsible’ and warns of possible contagion
Larry Summers Cameron Costa | CNBC LONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K.…
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Fund managers urge BoE action as potential rates announcement imminent
Fund managers are concerned about the high level of borrowing needed to fund the UK government’s multi-billion pound tax cut…
Read More » - Market
U.K. ‘Mini Budget’ Likely Just Dealt Scotland A Fiscal Time Bomb
The flags of Britain, Scotland and European Union wave outside the Scottish parliament in Edinburgh, … [+] Friday, Jan. 31,…
Read More » - Politics
Investors See Tory Party As A ‘Doomsday Cult’, Top Analyst Says
Investors are inclined to regard the UK Conservative Party as a “doomsday cult”, a top analyst said today. Paul Donovan,…
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Plummeting Pound Becomes Fresh Fodder For Jokes At Tories’ Expense
The pound has fallen to a new low just days after the government unveiled its mini-budget last week – and…
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New minimum tax could hit Berkshire Hathaway and Amazon hardest, study shows
Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019.…
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Atlanta Fed President Bostic expects job losses but says there’s a really good chance to get to 2% inflation without killing the economy
President and Chief Executive Officer of the Federal Reserve Bank of Atlanta Raphael W. Bostic speaks at a European Financial…
Read More » - world-News
What Raising Interest Rates Means For Mortgages And Credit Cards
Raising and lowering interest rates is the blunt instrument used by central banks to control economies. Hiking the “base” rate…
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Economy continues to weaken, influential report finds
T he UK’s economic growth has fallen to a 20-month low so far in September, as the cost of living…
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At a glance: Key points from Kwasi Kwarteng’s mini-budget
– Mr Kwarteng began by saying “help is coming” for people with their energy bills, and that the energy price…
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Kwasi Kwarteng Slashes Income Tax For Highest Earners In Mini Budget
Kwasi Kwarteng has announced a surprise slash on income tax for the country’s highest earners. The new chancellor revealed that…
Read More » - world-News
Treasury Minister Dunked On For Premature Celebration Of Rising Pound
The chief secretary to the Treasury has faced online ridicule after celebrating the rise in the pound – just before…
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‘Path to oblivion’: Ukraine military gains could deepen Russia’s economic problems
Russian President Vladimir Putin attends a meeting of heads of the Shanghai Cooperation Organization (SCO) member states at a summit…
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Bank of England hikes by 50 basis points, says UK may already be in recession
The Bank of England raised rates by 0.5 percentage points Thursday. Vuk Valcic | SOPA Images | LightRocket | Getty…
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Bitcoin drops below $19,000 benchmark
Cryptocurrencies dived to new lows this morning as markets shied away due to regulatory issues and fears due to the…
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Tax Credits are the Incentives in the Inflation Reduction Act
The Inflation Reduction Act (IRA) was signed into law by President Joe Biden on August 16, 2022. The intent of…
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The Fed is going to pivot in 3 stages, author Nomi Prins says
A trader works on the floor of the New York Stock Exchange (NYSE) as a screen shows Federal Reserve Board…
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Inflation rose 0.1% in August even with sharp drop in gas prices
Inflation rose more than expected in August as rising shelter and food costs offset a drop in gas prices, the…
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Inflation isn’t just about fuel costs anymore, as price increases broaden across the economy
A person shops in a supermarket as inflation affected consumer prices in New York City, June 10, 2022. Andrew Kelly…
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Wholesale prices fell 0.1% in August amid inflation fears
The prices that producers receive for goods and services declined in August, a mild respite from inflation pressures that are…
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‘The economy is braking hard’ and CEO confidence is miserable, says billionaire investor Barry Sternlicht
The U.S. economy is teetering on the brink of a serious downturn if the Federal Reserve doesn’t pump the brakes…
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Retail sales growth sluggish in August as consumers fight to keep up with inflation
Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable…
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Here’s why Hispanic workers could face an outsized hit in a U.S. recession
Huntstock | Disabilityimages | Getty Images Turbulent times may be ahead for Hispanic workers, a new report from Wells Fargo…
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Falling gas prices are raising hopes that inflation is slowing, New York Fed survey shows
People shop at a supermarket in Montebello, California, on August 23, 2022. Frederic J. Brown | AFP | Getty Images…
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Recession watch: City experts on if the economy will shrink this year
T here was a much-needed boost for the mood in the City today, with confirmation that the UK economy grew…
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Economy grows and pound rallies as City hails new stock market floats
T here was a much-needed boost for the City today, with two companies announcing plans to float on the stock…
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FTSE 100 Live: UK growth weaker than expected in July, shares higher
1662968707 FTSE 100 higher, Serco shares fall on CEO departure Support from the mining sector means the FTSE 100 is…
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Here’s Why the CPI Report will Dictate the Market Bottom
The Consumer Price Index (CPI) is the inflation gauge. Inflation is the rate at which prices are rising and in…
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Liz Truss faces soaring inflation, a plunging pound and ‘inevitable’ recession
The UK’s new prime minister is taking the helm of an economy headed straight for an iceberg. Liz Truss, who…
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Major warning on UK economy as gilt yield curve turns upside down
A key warning sign of looming financial disaster was flashing red today as nervy investors bought heavily into long-term dated…
Read More » - Market
Will Europe’s ‘Third World’ Economic Crisis Lead To Global Recession?
Netherlands leadership says Europeans need to get used to being poorer. Bad policy decisions leading … [+] to one crisis…
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Who is to blame for the cost of living crisis?
But who should do time for all this? The Bank of England Bank of England governor Andrew Bailey / PA…
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Truss faces recession as consumers and firms wait for energy answers
O n the day Liz Truss was confirmed as the UK’s new prime minister, the scale of the problems she…
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Economists are divided on the risk of a U.S. recession. And the jobs data isn’t helping
Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already…
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How ‘quiet quitting’ became the next phase of the Great Resignation
“Quiet quitting” is having a moment. The trend of employees choosing to not go above and beyond their jobs in…
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‘Why shouldn’t it be as bad as the 1970s?’: Historian Niall Ferguson has a warning for investors
Top historian Niall Ferguson warned Friday that the world is sleepwalking into an era of political and economic upheaval akin…
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