The FTSE 100 nosed back above 8,800 points this morning, gilt yields fell and the pound recovered some of its losses from yesterday’s flash sell-off. London’s premier index was up 33 points in morning trading, led by a 2.6 per cent rebound for Convatec, the wound-care specialist whose core US market has been rattled by…
Here we go again. This week, the Senate unveiled, honed and passed its version of the “Big Beautiful Bill,” and it’s a fiscal monstrosity. What was already an oversized mess in the House has been supersized into a $4-trillion ode to unseriousness. This isn’t tax reform. It’s a bipartisan piñata stuffed with pork, gimmicks and…
Lane Creatore realized she was sitting on an untapped gold mine: her closet. Her closet was full of viral pieces, many of them hardly worn and taking up space in her tiny New York City apartment. Instead of letting those clothes collect dust, Creatore turned to renting them out online. The 31-year-old fashion blogger is…
The problem with cutting care worker visas is the sector is “really badly paid”, the immigration advisory committee chairman has said. Brian Bell told the BBC’s Today programme: “Lots of workers earn exactly minimum wage. Progression is really bad. “Five years in social care you’re probably going to get about 5p extra per hour relative…
SHANGHAI/HONG KONG — The U.S. and China have agreed to slash the “reciprocal” tariffs on each other’s goods, according to a joint statement released on Monday, marking a major turning point in the trade war between the world’s two largest economies. Under the agreement, the U.S. will temporarily lower tariffs on Chinese imports by 115 percentage points…
(TNND) — President Donald Trump indicated on Wednesday that he may reach out to Federal Reserve Chairman Jerome Powell regarding interest rates. Speaking to reporters in the Oval Office, Trump expressed his belief that it was a mistake not to cut the rates sooner. “I might call him. I haven’t called him, but I believe…
Annual grants of HK$2,500 (US$321) for each of the nearly 800,000 students in Hong Kong will be cut, while spending on public universities will be slashed by HK$2.8 billion over the next three years, leaving parents unhappy about the way the government opted to tighten its belt. In an unprecedented move, the government also said…
News of more layoffs for federal workers is prompting increased concern about the repercussions of those cuts.“There are ways to cull federal service. This is not the way to do it,” said a local federal worker who asked not to be identified.On Thursday and Friday, the federal government laid off thousands of workers as part…
Trump talk of reducing or relocating federal workers hits home in Maryland. The state ranks fourth in the country for the most federal jobs. Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: December 2, 2024 at 5:00 AM EST Source link
A fresh reading on inflation Friday keeps the Federal Reserve on track to continue cutting interest rates this fall, likely in 25 basis point increments. The Fed’s preferred inflation gauge — the so-called core Personal Consumption Expenditures (PCE) index that excludes volatile food and energy prices — clocked in at 2.7% over the prior year…