Boeing confronts new turbulence as mid-air incident raises alarms January 8, 2024 In the wake of a recent mid-air fuselage breach on a 737 Max, Boeing finds itself under increased scrutiny, triggering concerns about its ability to maintain a delicate equilibrium between accelerated production and product quality. The incident adds pressure at a pivotal moment for Boeing, awaiting approval for new models of its renowned MAX jet. [...]
Bank of England must start thinking about cutting rates, says former chief economist January 7, 2024 While Haldane suggested it "might be premature" to start cutting interest rates immediately, he cautioned against any further rate increases.
US inflation to attract attention after markets make poor start to 2024 January 7, 2024 Market movements will likely be driven by the latest US inflation figures out this week after getting off to a sluggish start in 2024.
Moving markets: Five things shaping the FTSE 100 today January 5, 2024 Moving Markets Today: Asian Equities Mixed, Apple at Eight-Week Low, Oil Prices Rally, Gold Set for Weekly Drop, All Eyes on Eurozone CPI and U.S. NFP Figures Major U.S. indices, including the S&P and Nasdaq, face a three-week decline, while Dow gains traction from financials. Asian markets waver, possibly ending a nine-week global winning streak. [...]
Apple faces second downgrade, shares hit eight-week low January 5, 2024 Apple is grappling with a challenging start to the new year as concerns about iPhone sales lead to a second downgrade within just one week. Piper Sandler’s recent rating downgrade caused a substantial drop in Apple’s shares, hitting an eight-week low on Thursday. Harsh Kumar from Piper Sandler & Co. has downgraded his rating on [...]
US labour market resilient as traders nervy on interest rate cut bets January 4, 2024 New applications for unemployment benefit fell to its lowest level since October last week, the US Department for Labor reported today.
Inflation easing – but wage growth still a threat, Bank of England panel warns January 4, 2024 The figures suggest that the surprisingly fast progress on bringing inflation down to the two per cent target still has further to run.
Consumers keep borrowing to spend despite higher interest rates data shows January 4, 2024 The data suggests that, so far, households are weathering the pressure from higher interest rates.
UK bid to dodge winter recession boosted as service sector recovery continues January 4, 2024 The latest reading was also a significant improvement on November's reading of 50.9. The 50 mark separates growth from contraction.
“Reality of the market” will always triumph over politicians: UK debt chief January 4, 2024 "Don't kid yourself in thinking that you can develop policy in a vacuum without taking the market into account," Stheeman said