Suella Braverman sacked as home secretary over security breach October 19, 2022 Suella Braverman has become the second senior cabinet minister to be sacked from Liz Truss’ government in less than a week, with Grant Shapps appointed as her replacement. Braverman was asked to resign as home secretary this afternoon, first reported by The Guardian, after she sent an official Home Office document to a backbench MP [...]
Gold prices propped up by bullish demand in Asia despite hawkish Fed October 17, 2022 Gold prices are trapped in a narrow pricing corridor, with robust demand in Asia preventing a tumble in prices.
US inflation tops expectations in sign Federal Reserve has more work to do October 13, 2022 US inflation climbed higher than expected on a monthly basis in September in a sign the Federal Reserve’s series of steep rate hikes are failing to tame the toughest price pressures. Inflation hit 0.4 per cent last month, above Wall Street’s expectations of a 0.2 per cent increase and higher than August’s print, figures from [...]
The Inflation Game: War, Peace and the Perils of Central Banking October 13, 2022 The descent is always more sudden than the increase; a balloon that has been punctured does not deflate in an orderly way. — John Kenneth Galbraith I travelled with my family to London and Normandy in July 2022. Our primary purpose was to meet up in France with my father-in-law, who had dreamed of visiting the [...]
Bitcoin and Ethereum resilient as altcoins stumble October 13, 2022 Bitcoin is trading around $19,000 this morning, down 0.68% from yesterday. Ethereum is down 1.55% on the day, changing hands for $1,277.
The analyst: Why now’s the time to invest in advertising, not run from it October 12, 2022 Ian Whittaker is a City analyst, and the current City A.M. Analyst of the Year. Shaky seems to be the best word for the start of results season on Wall Street – at least, compared to the generally positive message we received at the last quarterly go-around. Companies such as Carnival and FedEx – seen [...]
Chipmakers continue to feel hangover from US export ban October 11, 2022 SHARES in chipmakers continued to tumble today, as the sector feel the hangover of Washington’s decision to limit chip exports to China. Adding fuel to the US-China tech war on Friday, President Joe Biden blocked American firms from selling chips for use in AI and supercomputers in China. He said these curbs were aimed at [...]
Bitcoin and Ethereum lose gains after strong jobs numbers in US October 11, 2022 Bitcoin is changing hands for $19,081 this morning - down by more than four per cent over the last seven days.
Beneath the hysteria, there is a real opportunity for a growing British economy October 11, 2022 Britain could be at the brink of a massive turnaround, but you wouldn’t know it if you were to pick up most newspapers. As all corners decry a brewing crisis, there are also generational opportunities we’ve missed in the eye of the furore. The bulk of Liz Truss’ package is almost undebatable – capping energy [...]
Crypto markets still moving sideways in waiting game for inflation signals October 10, 2022 Most cryptocurrencies continue to trade sideways in what has historically been a strong month for the price of Bitcoin.