‘A long way to go’: Fed chief signals possible interest rate hike November 10, 2023 Jay Powell said he is 'not confident' that the fight against inflation is won, hinting at the need for a further Fed interest rate hike
Here’s what’s moving the FTSE 100 and global markets this morning November 10, 2023 Treasury yields climbed as Fed Chair Jerome Powell hinted at the possibility of prolonged higher rates, contributing to a decline in global stocks. The Reserve Bank of Australia cautioned about inflation risks, and a ransomware attack on China’s ICBC disrupted Treasury market trades. The spotlight shifts to UK GDP data and comments from ECB President [...]
Steven Bartlett: My ‘selfish pursuit’ and culture of ‘extreme failure’ November 10, 2023 Steven Bartlett, entrepreneur and host of hit podcast 'Diary of a CEO' talks to City A.M. about creating a corporate culture of "extreme failure".
Forget the UK, how has Europe dealt with pro-Palestine marches? November 10, 2023 This week a Yougov poll showed half of the UK thinks the pro-Palestine march planned for this Saturday 11 November ought to be banned. The Home Secretary has dubbed it a “hate march”. The ethics – and law – around banning marches is controversial. In the UK Sir Mark Rowley, head of the Metropolitan Police [...]
City of London awash with drug money, top MPs warn November 10, 2023 Illicit profits from the drugs trade are being “washed” in the City of London, a group of senior MPs have warned.
Evri invests £46m in customer service improvements ahead of Christmas November 10, 2023 Delivery giant Evri has said it is investing £46m to boost its customer service and operations ahead of the busy Christmas period.
Lloyds tells Big Tech to do more to tackle surge in crypto scams November 10, 2023 Lloyds Bank has issued an "urgent warning" over a surge in cryptocurrency scams and called on Big Tech companies like Meta to do more to tackle the issue.
Ones to watch: Meet London’s top five fastest-growing generative AI startups November 10, 2023 London's generative AI startups have already won millions of pounds from investors. City A.M. takes you through the top five.
Where now for crypto after the Sam Bankman-Fried and FTX scandal? November 9, 2023 As the dust settles on the Sam Bankman-Fried court case, Temple Melville takes a look at where the debacle leaves crypto.
How Crude: Weak demand pushes oil prices below $80 per barrel November 9, 2023 Oil prices have shown signs of recovery in today's session, after dipping below $80 per barrel last night, with markets weighed down by easing demand.
