Trump blocked from sacking Fed official in landmark Supreme Court ruling June 29, 2026 A landmark ruling from the US Supreme Court has underlined the independence of the country’s central bank by blocking President Donald Trump from dismissing a Federal Reserve official. The knife edge five-to-four decision was handed down on Monday. It ruled that Trump cannot fire Lisa Cook as a Fed governor, a post she has held since 2022. [...]
How the SpaceX IPO revealed a ‘back door’ into Britain’s capital markets June 29, 2026 The UK’s public offer platform regime was rolled out as part of a package of reforms designed to get capital flowing into British companies. Now SpaceX has used it to raise funding in the biggest IPO of all time – in New York. Maisie Grice asks whether the changes are working as intended. In January, [...]
Senior Labour figures downplay public appetite for general election June 28, 2026 Senior Labour figures have downplayed the British public’s appetite for a general election to secure any major policy shifts under a new leader and have insisted the party is united behind Andy Burnham. Talking to Sky News on Sunday, housing secretary Steve Reed suggested Keir Starmer’s possible successor would introduce “changes in emphasis” but stick [...]
SpaceX kicks off bond sale as it looks to begin mass borrowing spree June 22, 2026 Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors [...]
Government departments will look at cutting budgets to fund defence, minister says June 14, 2026 Government departments are looking at cutting their budgets further in order to help fund defence, a cabinet minister has said. Culture secretary Lisa Nandy insisted the country’s national security remains minister’s “highest priority” adding departments are looking to shift their budgets to fund defence. She said to Sky News: “There’s a clear picture emerging from [...]
Starmer overrules Miliband on electric car sales targets as he looks to appease automotive industry June 14, 2026 Keir Starmer will water down the UK’s electric vehicle sales, in a significant blow to energy secretary Ed Miliband’s net-zero agenda, in a bid to quash fears in the automotive industry. According to reports in The Sunday Times, the prime minister is understood to have overruled Miliband following pressure from the industry, the Unite union [...]
Peace deal will be finalised Sunday, Trump says but Tehran casts doubt June 14, 2026 US president Donald Trump has said a deal to end the conflict between the US and Iran is scheduled to be signed on Sunday, but Iran has cast doubt on the timing. On Saturday, key mediator Pakistan said the deal was “likely expected” to be finalised within 24 hours, while Trump declared that his administration [...]
British forces intercept Russian shadow fleet in Channel June 14, 2026 British armed forces have intercepted a Russian shadow fleet oil tanker in the English Channel during the early hours of Sunday morning, the prime minister has said. In an operation lasting six hours, Royal Marine Commandos, alongside specialist officers from the National Crime Agency, intercepted the oil tanker in the Channel. The operation marks the [...]
SpaceX is preparing for blast off, but will the mega IPO send investors into orbit? June 11, 2026 SpaceX is set to launch the largest retail allocation ever attempted in a megacap IPO as part of its hotly anticipated listing on the Nasdaq tomorrow, with around 30 per cent of shares reserved for retail investors. Bret Johnsen, SpaceX CFO, has said the unusually large allocation is a deliberate recognition of “folks that have [...]
‘We do not accept the FCA’s characterisation’: Neil Woodford firm responds to watchdog June 9, 2026 Former star fund manager Neil Woodford’s comeback venture has hit back at the UK financial watchdog, arguing it ‘does not accept’ the regulator’s characterisation of the business after the FCA launched civil proceedings. W Four Point Zero FZE, which trades as W4.0 and is registered in the United Arab Emirates, rebuffed the Financial Conduct Authority’s [...]