Wall Street rally lifts tech stocks in latest signal US inflation is cooling, now eyes turn to Fed rate decision April 14, 2023 A rally on Wall Street on Thursday lifted stocks to their highest level in almost two months following the latest sign that inflation continues to cool. The S&P 500 rose 1.3 per cent after a report showed inflation at the wholesale level slowed last month by more than expected. The Dow Jones Industrial Average gained [...]
UK economy stalls in February but is just about on track to dodge recession in early 2023 April 13, 2023 Britain is just about on track to dodge a recession in the first half of this year, defying gloomy predictions from experts heading into 2023 that the economy would suffer the largest slump in recent memory, figures out today show. Gross domestic product (GDP) – which measures the value of all goods and services produced [...]
Carving up the Equality Act will create a radical change in the legal status quo April 13, 2023 The changes Kemi Badenoch wants to make to the Equality Act would allow organisations to openly discriminate against trans people, writes Will Cooling
FTSE 100 close: US inflation boost runs out of steam as De La Rue tumbles a third April 12, 2023 A sudden boost to London’s FTSE 100 from better than expected US inflation numbers ran out of steam toward the end of today’s trading session, although the premier index still notched gains. The FTSE 100 jumped 0.5 per cent to close at 7,824.83 points, while its mid-cap counterpart, the FTSE 250, which is more responsive [...]
US core inflation jumps to 5.6 per cent while CPI falls rapidly in mixed signal for Fed April 12, 2023 Underlying US inflation is putting up a strong fight against the Federal Reserve’s aggressive interest rate hike assault, while general price rises are falling quickly, sending mixed signals to chair Jerome Powell and co ahead of their interest rate decision next month. Official figures out from the US Bureau of Labor Statistics today showed the [...]
North Sea energy giants told to ‘read the room’ on windfall tax demands April 12, 2023 Green groups have urged the government to maintain the toughened windfall tax amid pressure from the North Sea industry.
Government risks higher wind power prices as industry slams lack of funds for auction round April 12, 2023 The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage in bidders.
Retail sector pins hopes on King’s coronation to lift sales April 12, 2023 Shoppers put cost of living fears behind them as they splashed out on Mother Day gifts in March, helping to slightly boost retail sales, but damp weather and soaring inflation has left the sector holding out for the King’s coronation in May to see a “larger uptick” in sales. According to data by the British [...]
Liz Truss to criticise high taxes and warn of authoritarian ‘threat’ April 11, 2023 Liz Truss is to renew her advocacy of low taxes in a speech questioning whether western nations are “match fit to take on China”. Britain’s shortest-serving prime minister will suggest the 1980s “Anglo-American” economic model of increased privatisation and limited government is being “strangled into stagnation” in the latest leg of her comeback to the [...]
Why Las Vegas’ El Cortez hotel in ‘Old Vegas’ is the city’s best stay April 11, 2023 The El Cortez hotel’s recent renovation shows how Las Vegas is finally celebrating its history, says Adam Bloodworth If you thought the Las Vegas Strip was nuts, try Downtown Las Vegas, which one local tells me has recently adopted the nickname of ‘Drowntown.’ “Growing up here, everything is crazy,” he says, his expression suggesting he’s [...]