Trump declares ‘America is back!’ as US markets touch record highs Markets Renewed AI-hype helped the S&P 500 break through the 7,000 mark for the first time ever on Wednesday, while the dollar clawed back some ground after a bruising few weeks. Equities soon pared their gains, falling below the 7,000 benchmark a few hours after the opening bell, and the S&P 500 had swung back into [...]
Inflation remains a headache on both sides of the Atlantic Economics Donald Trump made many claims in his Davos speech yesterday and there aren’t enough pages in this newspaper to do justice to them all, but his assertion that “inflation has been defeated” is worth considering. With midterm elections coming up Trump knows the cost of living is a real concern, just as it is here, [...]
US tax consultancy faces $12bn threat, but AI could deliver $19bn in gains Prof Services New research suggests AI could drive a $7bn (£5.2bn) net increase in the US tax consulting industry if firms shift focus from routine compliance to high-value advisory. The report from Source Global Research revealed that despite the potential threat to revenue, over half of all US tax services are expected to be significantly powered by [...]
World Bank: Global economy ‘more resilient than expected’ January 14, 2026 The global economy has been “markedly more resilient than expected” against a hostile backdrop of geopolitical and trade uncertainty, according to the World Bank which has upgraded its growth forecast for 2026. In its biannual assessment of the international economic outlook, the world’s preeminent financial body said that the “limited” pass-through of tariffs onto prices [...]
Wellcome Trust bolsters cash pile as stock market jitters grow January 13, 2026 Britain’s largest charity has built up a war chest of over £3.7bn in cash in a bid to safeguard its vast endowments from any impending financial correction and pounce on cut-price stock market opportunities a downturn might produce. The Wellcome Trust, a medical charity that manages nearly £40bn, revealed in its annual report that it [...]
Central banks throw weight behind Fed after Trump assault January 13, 2026 Some of the world’s most prominent central banks have issued a full-throated support of the Federal Reserve and its chair Jay Powell, after Donald Trump’s campaign against its independence escalated with a Department of Justice legal action. In an unusual joint intervention, 11 central banking chiefs declared they stood in “full solidarity” with the Fed’s [...]
Trump’s reckless assault on central bank independence January 13, 2026 Donald Trump once said he values loyalty “above everything else…more than brains, more than drive and more than energy.” If you’re wondering how he responds to perceived disloyalty, he’s also previously said “I love getting even with people.” With these two statements in mind, the Trump administration’s dramatic escalation of its war against the Chairman [...]
Venezuela is ‘uninvestable’ as Trump unnerves market analysts January 10, 2026 Venezuela is “uninvestable” and requires sweeping reforms before oil giants can support US ambitions, a top chief executive has warned Donald Trump, in a warning that comes amid growing concerns the president is set to rattle markets and hit global economies. ExxonMobil boss Darren Woods appeared to distance the company from the president’s ambitions to [...]
Wall Street banks toast to $130bn revenue in deal making boom October 15, 2025 Wall Street banks raked in bumper profits, comfortably breezing past analyst expectations in the third quarter, driven by the continued strength of trading desks and a sharp revival in deal making. JP Morgan, Goldman Sachs and Citigroup brushed past estimates on Tuesday, with Jamie Dimon’s banking juggernaut collecting $14.4bn (£10.8bn) in profit – a 12 [...]
Economic and geopolitical tensions propels gold post Fed decision September 23, 2025 Gold will continue its meteoric rise following the Federal Reserve’s interest rate decision, a top analysts has said, as economic and geopolitical conditions keep investors opting for the safe haven asset. The precious metal hit $3,759 (£2,782.36) on Tuesday morning, as the asset surged after a slight wobble following the US central bank’s decision to [...]